Dingsheng Jinshi:7.11Evening gold trend analysis, fluctuating gold price range, bullish and bearish...

Comprehensive Analysis of Gold Price


Last week, the market's risk aversion sentiment heated up, and the US dollar became the preferred safe haven asset. The rise of the US dollar continued to break new ground20The new high since the beginning of the year, which givesgoldCausing significant pressure, gold prices have reached a new level last year10The new low since the beginning of the month. Last Thursday, gold stopped falling and stabilized, and the price adjusted horizontally. However, against the backdrop of a strong US dollar and expectations of the Federal Reserve's interest rate hike, the rebound momentum was insufficient, and gold quickly returned1750Below the US dollar.


Looking ahead to the future, Dingsheng Financial believes that if safe haven funds continue to push up the US dollar, the short-term downside risk of gold prices will further increase. If gold falls below1730The US dollar will further explore the recent11Month low point1721USD, and1700Dollar integer position, but expected to be1720USD to1700In the US dollar sector, bulls will increase their resistance.


In terms of news, concerns about market economic recession persist, but the US dollar has become the preferred asset for safe haven funds. Data shows that the net long bets on the US dollar have increased in the past week, and the US dollar has continued to create20A new high since the beginning of the year has suppressed the decline in gold prices. The United States announced last Friday6The monthly non farm data showed strong performance, with the unemployment rate remaining at an ultra-low level, and new employment far exceeding expectations. The strong employment data may strengthen the Federal Reserve7Monthly interest rate increase75The determination of one basis point has been publicly supported by multiple Federal Reserve officials7Monthly interest rate hike75One basis point, the expectation of the Federal Reserve raising interest rates is unfavorable for gold prices.


Technically, at the weekly level, the gold four consecutive negative points, the moving average indicators diverge, and the Bollinger band opens downwards,KDJAndRSIIndex dead fork divergence,MACDThe dead cross divergence of the indicator crosses the zero axis, indicating that the empty side has an advantage; Daily level, moving average index dead fork divergence, Bollinger band running downwards,KDJAndRSIThe indicator dead cross runs to the oversold area,MACDThe dead cross below the zero axis of the indicator diverges, indicating that the empty side is dominant and there is a need for adjustment in the short term.


Strategy


Overall, the trend of gold has adjusted horizontally from a low level, with a weak short-term rebound. Against the backdrop of a strong US dollar and the Federal Reserve's interest rate hike, the downside risk remains significant. In terms of operation, Dingsheng Jinshi suggests focusing on1730The gains and losses of the US dollar on the first line, the stability of gold prices here will maintain a sideways range, and the short-term rebound space will continue to be monitored1750USD, if gold price falls below1730USD, will continue to explore1721USD and1700The integer position of the US dollar requires strict risk control during operation.


Strategy 1: You can consider using1745A short wave in the air nearby, let's take a look first1735-1732Support, break and see1720Even early lows1680Near.


Strategy 2: Below1730Long nearby, stop loss1725, Objective1740Near.


　　【crude oil】


On the technical side of crude oil, last Thursday, the US market saw a four hour bullish stretch breaking through the high, and Friday's pullback from the top to bottom conversion support stabilizing. The bottom has already formed a reverse pattern, with early morning short jumps and low opening to fill the gap. Under pressure, the early morning high fell below the early morning low, and Bollinger took it flat. After continuous rebounds, prices fluctuated laterally in the early top to bottom conversion position. In the short term, it is necessary to pay attention to the breaking situation at this position, which is105.5On the first line, if the price does not break, the probability of the future market will still revolve around100The US dollar continues to maintain a low and volatile trend, and short selling can be achieved through a rebound in operational thinking within the day.


Strategy


Suggestions104.3Void105.2, Objective102.5-6。101.7There are many nearby areas, causing damage100.6, Objective103.5-6；


Serve as an analyst and commentator for well-known financial channels such as Sina Finance and Globalforeign exchange》Professional contributors to several well-known financial forums such as "Huitong Net" and "Zhongjin Net", specializing in short, medium, and long term operations of gold, crude oil, and silver. Investment is risky, and caution should be exercised when entering the market. Suggestions are for reference only; This article is original by Dingsheng Jinshi, who carefully writes every analysis and conveys valuable investment concepts. If there is any similarity, it is purely plagiarism. Readers should be discerning and respect originality!