Tao Hongda:2/28Analysis of International Gold Trends and Operational Suggestions

　　goldLatest market trend analysis:

Analysis of Gold News: Tuesday（2month28During the Asian session, spot gold fluctuated in a narrow range and is currently trading in1816.5dollar/Near ounces, the overnight US durable goods order data was worse than expected. The United Kingdom and the European Union reached a new agreement on the the Troubles. The US dollar index corrected slightly, providing support for gold prices. The geographical situation also attracted some bargain hunting. However, the core durable goods orders were still stronger than the market expectations. Jefferson, the governor of the Federal Reserve, said that the inflation struggle would soon end "disillusionment". Some investment banks were worried about the Federal Reserve3The pace of interest rate hikes will accelerate in the month, which poses further downside risks for gold prices in the future. Moreover, technical signals indicate that there is still a risk of short-term downward movement in gold prices, which may be further explored1800Integer level support, even falling towards100Daily moving average1792.30Nearby. This trading day needs to pay attention to the speech of Chicago Fed Chairman Goolsbee and the United States2Month ChicagoPMI, USA1Initial monthly wholesale inventory rate, US2The Consumer Confidence Index of the Conference Chamber of Commerce in June.

Technical analysis of gold: Although gold prices have been declining for four consecutive weeks1806There have been some bearish profit taking in the vicinity, and the pullback in the US dollar has also provided a rebound opportunity for gold prices. However, it is expected that most central banks around the world, especially the Federal Reserve, will further raise interest rates3Monthly interest rate hike50The expected increase of one basis point will limit the rebound space of gold prices and expose them to further downside risks. Follow Above10Daily moving average1828.29Nearby resistance, pay attention below1800Gateway100Daily moving average1792and200Daily moving average1776Nearby support.

At present, gold continues to be under pressure on the daily trend, and the short-term moving average temporarily remains volatile and weak. The rebound in the previous trading day basically completed the repair of the technical form, and there is still room for further downward movement.4The hourly level trend is currently maintaining a low range of volatility and repair, and the current price rebound has basically touched the early pressure zone. There are signs of starting to weaken in the small cycle trend after a small wave of rebound at the hourly level and maintaining a narrow range of fluctuations.

Spot gold rebounded overnight and strengthened, currently under pressure1820Trading below. Yesterday's late trading analysis showed that last week's short-term decline had already ended, and Monday's rebound was just a repair for the decline. Don't panic and give a conclusion about the trend reversal, because in the chronic rebound after the low breaking action, there was no repeated exploration of the bottom position below, which means that the bottom testing action was not enough, coupled with the long short divide1828We haven't touched it at all, so we can only treat it as a rebound. In terms of the US index, it has now stopped falling and rebounded, so we will continue to remain bearish on the gold side. Today, we will mainly focus on whether this decline can break below yesterday's low. If it breaks, we can continue to see the next stage of support, and vice versa, we will see if we need to repeatedly try the bottom to see the rebound. Overall, Tao Hongda suggests using rebound short selling as the main strategy for today's gold short-term operation, supplemented by a more bearish retracement, with a focus on short-term focus above1823-1828Frontline resistance, short-term focus below1806-1801Frontline support.

　　crude oilLatest market trend analysis:

Analysis of crude oil news: Tuesday（2month28During the Asian period, crude oil was also in a sideways trend and is currently trading in75.7Nearby, oil prices fell by about1%The strong US economic data overnight prepared the market for the Federal Reserve's continued interest rate hikes to combat inflation, which could weaken economic growth and oil demand, triggering a sell-off. However, supply concerns limited the decline in oil prices after Russia stopped exporting oil to Poland through a key pipeline. Yesterday's trend was fully within our expectations and was also in the technical direction.

In terms of crude oil technical trends, yesterday's expected pressure on crude oil was within the daily moving average zone77The downward trend fluctuated, and the daily line closed with a negative line. As expected, the trend has always been fluctuating within the range, and the resistance area of the high points repeatedly tested in the Asian and European markets has never been able to break through. After the US market, it was under pressure to step back, and after falling back to support, it rebounded here with force. Long short pull is frequent and intense, which is beneficial for short-term operations. The overall state of crude oil is still weak, and it is expected that there will be a weak oscillation process in the future. Overall, Tao Hongda's personal suggestion for the short-term operation of crude oil today is to focus on rebounding from high altitude, supplemented by stepping back on low levels, with short-term attention from above77.5-78.0Frontline resistance, short-term focus below74.9-74.4Frontline support.

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