Dingsheng Jinshi:9.27Today's gold trend analysis shows that gold prices continue to be under pressure and rebound...

——9.27eveninggoldMarket trend analysis——


　　9month27In the Asian market on Tuesday, the international gold trend fluctuated and rose, with gold prices opening early in the morning1621USD, which is also the lowest price in the day, and the highest price has risen to1640USD, currently trading in1637Near the US dollar, gold prices rebounded in the short term, but the overall situation remains under pressure.


On Monday, the trend of gold briefly bottomed out and rebounded, but after the opening of the US market, the price of gold continued to test downward under pressure, with the lowest point falling to1620USD, refresh2020year4The new low since the beginning of the month. Dingsheng Financial believes that the prospect of a significant interest rate hike by the Federal Reserve and concerns about an economic recession in the eurozone are dragging down the euro, boosting safe haven demand for the US dollar and driving it to continue strengthening, with the US dollar hitting another close on Monday20The new high in recent years has caused significant pressure on gold prices, which is the main reason for the continued decline in gold prices. Within the day, the US dollar has decreased from nearly20The decline in annual highs has created opportunities for a rebound in gold prices, but this does not change the current situation of overall pressure on gold prices.


Last week, the US dollar index rose to a record high2020year3The largest weekly increase since the beginning of the month, with the US dollar continuing its rise this week. Specifically, the strength of the US dollar is mainly influenced by two factors. Firstly, the Federal Reserve's interest rate resolution has released a more hawkish signal than market expectations, and the prospect of a significant interest rate hike is favorable for the US dollar's rise; Secondly, the geopolitical tensions, the energy crisis in Europe, and the large-scale tax cuts in the UK have increased the uncertainty of the European economy, and the euro fell to20The pound has hit a new low against the US dollar in recent years, with safe haven sentiment helping the US dollar rise.


In terms of news, on Monday, Federal Reserve officials delivered a series of hawkish speeches: Bostek stated that the primary task of the Federal Reserve is still to control inflation; Meester stated that in the face of high inflation, it may be better to take more aggressive action; Collins stated that the Federal Reserve needs to reduce inflation, although this will lead to an increase in unemployment, an economic recession is not inevitable.


Other central bank officials, including others, also delivered hawkish speeches on Monday: the Bank of England stated that it would not hesitate to raise interest rates if necessary; The New Zealand Federal Reserve stated that there is still work to be done, but the tightening cycle is already very mature; The Bank of Canada stated that interest rates must be raised to curb high inflation; The Swiss Central Bank has stated that it will take all measures to reduce inflation. The prospect of major central banks raising interest rates globally poses significant pressure on gold prices.


Technically, gold has fallen for six consecutive months, with monthly and weekly levels and major technical indicators showing divergence, indicating that the empty side has absolute advantage and is powerless to fight back in many ways. Daily level, short position arrangement of moving average indicators, downward movement of the Bollinger band,MACDIndex dead fork divergence,KDJAndRSIThe indicator's dead cross turns upwards, indicating a rebound in gold prices in the short term to correct demand, but the overall trend still leans towards the bearish side.


Overall, driven by the prospect of the Federal Reserve raising interest rates and the rising market risk aversion, the US dollar has shown strong performance recently and is constantly refreshing20The new high in recent years has put significant pressure on gold prices. As the gold price continues to decline, the short side's advantage is strengthened, and the upward pressure is also constantly shifting downwards, breaking through from mid month1680The US dollar fell below last week1653USD, and then to last week's low gold price1640The US dollar, these support levels are currently turning into pressure levels for gold, further suppressing the short-term rebound space for gold prices. In terms of operation, Dingsheng Jinshi suggests still focusing on short selling during high periods, and paying attention to the pressure from above1653USD,1640USD.


　　——9.27eveningcrude oilMarket trend analysis——


In terms of crude oil, the EU countries ultimately succumbed to winter demand, leading to the suspension of energy price restrictions on Russia, which led to a corresponding decline in oil prices. However, OPEC was not surprised+We will reduce production to prevent the decline of oil prices, so it is not clear whether there will be a stable supply side in the future. Therefore, we do not support trend bearish sentiment at the moment. Once the US dollar falls, oil prices will also slowly rise. Therefore, we suggest that everyone pay attention to tonight's orders77-76.5Multiple areas, target revisited80The pass is not difficult, let's wait and see. Due to the lag of the article, the above analysis is for reference.


Serve as an analyst and commentator for well-known financial channels such as "Golden Net" 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!