CPT Markets Middle East ceasefire deadlocks, driving safe haven capital flow...

gold/dollar(XAUUSD)：

News events:

During the Monday Asian morning trading session, gold prices（XAU/USD）On2360The US dollar continues to rise near it. The escalating geopolitical tensions in the Middle East have driven the flow of safe haven funds, which is beneficial for precious metals. The US Consumer Price Index to be released this week（CPI）Producer Price Index（PPI）Retail sales will become the focus of attention, It may provide some hints for the economic outlook and inflation trajectory.

Technical analysis:

Gold was close at one point last week2380The US dollar then maintained a consolidation below. Although still bullish, it is important to note that a downward channel is gradually forming on the market.

Resistance level: 2379.28  support level: 2306.43

crude oilPrice difference contract(WTI)：

News events:

Due to an optimistic outlook on demand growth in China and the United States, the world's two largest crude oil consuming countries, black gold briefly rose. According to official statistics from China on Thursday,4China's crude oil imports increased year-on-year in the month5.45%This indicates an encouraging improvement in demand.

In the Middle East, in the case of US President Joe Biden-Biden（Joe Biden）After stating that if the Israeli army invades the southern city of Gaza on a large scale, the United States will refuse to provide weapons to Israel, the Israeli army said on Thursday in Rafa（Rafah）Tanks gathered near residential areas and opened fire.

Technical analysis:

Crude oil is approaching80The price area near the US dollar encountered strong resistance and then reversed downward, and there is a possibility of retesting the underlying support in the near future.

Resistance level: 79.87  support level: 77.45

CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.