Fang Yuan said Jin:8.31Golden Month Line Closing, Trend Analysis and Operational Suggestions

Tonight we will announce something that hasn't been announced in nearly two monthsADPData, commonly known as small non farm payroll data, as a forward-looking guidance data for non farm payroll, will provide some reference for the market and also for the Federal Reserve's monetary policy. Currently, the market expects this timeADPThe data will be significantly higher than the previously released data, intensifying expectations of the Federal Reserve continuing to raise interest rates. The US dollar index is currently performing strongly as we have shared with you, and non US currencies are also under pressure and running weakly as scheduled. In the short term, pay attention to the market rebound after the evening data is released



goldFrom a trend perspective, there was a correction in the morning trading volatility, with the US dollar strengthening at the opening of the European session and gold accelerating its decline. On a technical level, it fell below1720This short-term double bottom support is currently in a weak downward trend, so it is not recommended to excessively chase short positions for those who do not have short positions, After paying attention to the news before and after the US stock market, the fact that the market is selling has rebounded and repaired. The idea of rebounding and shorting can continue to remain unchanged. Do not excessively chase short positions. Follow below1700Strong support at the checkpoint, with attention gradually shifting downwards from above1728-30The frontline pressure remains unchanged.

crude oilOn the one hand, with the expectation of reaching a consensus in the Iran nuclear negotiations, market sentiment has gradually shifted towards supply side easing, and the trend has continued to rise and fall, with a slight rebound within the day92.7After the first line, it fell sharply again3The US dollar is currently operating in a weak pattern of short-term rebound and bearish sentiment. In terms of operations, we will continue to maintain a rebound and short selling trend. At the same time, friends with suitable positions can continue to lay out medium-term short positions. We are optimistic about the phased downward trend of crude oil after the Iranian crude oil rises in the crude oil market, and the phased target level80The US dollar remains unchanged.


   Reference ideas for gold crude oil in European and American markets

Gold's first retracement1704-5One more time nearby, defend1694Look1720Nearby, draw back1728-30Continue to short on the front line without change, defend1738Look1710-1700Below

Crude oil rebound92Nearby air, defense93Look90-88frontline