Chen Zeqiang:6.22Gold rebound continues to be bearish, analysis of the latest market trends in gold investment...

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Investment itself has no risk, only out of control investments have risk

Wednesday（6month22At the beginning of the Asian market, in stockgoldVolatile decline, currently trading in1830Below the US dollar. Gold prices shook in the range on Tuesday. Although the US dollar fell back, the rising yield of US treasury bond bonds and aggressive interest rate raising bets weakened the attractiveness of gold. Oil prices rose on Tuesday due to high summer fuel demand, while supply remained tight due to sanctions imposed on its oil after the conflict between Russia and Ukraine. Last week, both major indicator contracts recorded weekly declines. For the United Statescrude oilFor Brent crude oil, this is the first weekly decline in eight weeks, and for Brent crude oil, it is the first in five weeks. The Federal Reserve's Barkin earlier stated that at the right time, we should not be "constrained" by the Fed's recent guidance and be flexible. If we experience an economic recession during the process of normalizing inflation, it will be mild.

Analysis of Gold Technology

Gold continued to fluctuate weakly as expected yesterday, although it was once retested above20Daily line1843Nearby, but the market quickly fell again, and in the end, the daily line closed with a bearish candlestick. On the daily chart, currently gold has been mostly confirmed above20Daily line1843-45The effectiveness of suppression in the area, if the market cannot turn up in the short term20On the daily chart, it is difficult for bulls to achieve a reversal, so20The daily chart is also considered a necessary technical condition for short-term reversal, as long as20If the daily chart is not taken down by bulls, the overall situation will be slightly bearish. Although the daily trend tends to be sideways in a large range, the short-term market is below the moving average, and there is still a possibility of further support from the lower edge of the range. If the short-term market continues to retreat, the lower edge of the range may be expected1810-07Nearby support testing.

Based on the hourly chart trend, this week's gold trend is similar to following a downward channel, but the downward movement may not be very strong, and there were multiple fluctuations during this period. However, after yesterday's rebound pressure and then a downward trend, the fact of a downward channel in the market has also been confirmed. There is a possibility of further pullback of gold within the day. You can pay attention to it below first1820Nearby support testing, if this level falls, the market may experience a pullback from the previous low point in the short term1810-05The possibility of the region. During the day, the upper edge of the range will continue to be monitored for pressure testing, and currently the upper edge of the range has moved downwards1840Nearby, even1835Nearby areas may have a suppressive effect. In terms of operation, consider rebounding and short selling as the main consideration, and pay attention to the upper level1833-1835USD resistance, follow below1815-1812Support.

Gold Operation: Suggest a rebound1835Near empty, stop loss1840, look at the goal1825；

Crude oil:

Technical analysis of crude oil: In recent trading days, crude oil has been talking about continuing to decline after rebounding and repairing on the daily line. Currently, it continues to be in a trend of fluctuating and weakening on the daily trend. The continuous small rebound in the daily trend has basically completed the repair in technical form, and crude oil has room for a second downward trend. stayH4In terms of level trendKThe price has fallen below the short-term moving average and returned to its previous volatile range, with the current trend continuing to be weaker. According to the current trend, crude oil will continue to be weak and see a wave of bearish declines for the time being. It is obvious that the daily line did not continue its strong position after closing at a low level and was suppressed below the unilateral moving average, resulting in a weak performance. If the daily line opens up the Bollinger decline, the downside space will open up. The temporarily predictable points areH4Cycle, the low point of the previous decline is106.3，H4The low point of104.8So, with this as the target for intraday bearish sentiment, pay attention to106.3，104.8The gains and losses. Focus on the high point of short selling with the trend109，110At two levels, it is expected that the European market will rebound to a high point, and trading can be carried out with effective suppression of the performance at the level, leaving room for the US market to move forward. In summary, after a continuous decline in crude oil, Chen Zeqiang suggests that the main strategy for crude oil operations today is to rebound at high altitudes, supplemented by retracement at low altitudes, with short-term focus on the upper echelons108.2-108.7Frontline resistance, short-term focus below104.0-103.5Frontline support. The article can only provide you with a temporary direction and ideas, as for the specific entry point settlement τ Please pay attention to the timing. Chen Zeqiang's firm offer will be provided in real time.

This article is exclusively authored by analyst Chen Zeqiang. I have always been passionate about the gold and crude oil markets. Due to the delay in online push, the above content is my personal suggestion. Due to the timeliness of online publishing, it is for reference only and at my own risk. Please indicate the source when reprinting