CPT MarketsAnalysis of Gold and Crude Oil: US Employment Data Shots! Crude oil prices soar...

gold/dollar(XAUUSD)：

News events:

CPT MarketsAnalysts pointed out that gold prices have declined following dovish remarks made by Federal Reserve Chairman Powell at the European Central Bank Forum held in Portugal. The US dollar exchange rate has fluctuated, but remains at a familiar level.

Powell commented that the deflationary process has resumed, but he expressed hope to see further progress before cutting interest rates.

US employment data shows unexpectedly higher than expected job vacancies, reflecting the Federal Reserve's5.25%-5.50%The strong labor market under high interest rates.

More data is expected to be released on Wednesday, mainly from the Federal Open Market Committee（FOMC）The minutes of the last meeting, and（ISM）The Purchasing Managers' Index for the Service Industry.

Technical analysis:

Gold continues to grow2340Consolidation is taking place below, although the overall direction is still bearish and gradually shifting towards neutrality.

In terms of upward movement, the current resistance remains2340The US dollar, if successfully broken through, will have the opportunity to further push the price higher21Number high point2368USD.

In terms of decline, the current first support is still2300USD, but we need to control the price first2320The bearish trend can only continue below.

Resistance level: 2368.77  support level: 2286.52

crude oilPrice difference contract(WTI)：

News events:

CPT MarketsAnalysts pointed out that on Tuesday, West Texas Intermediate crude oil in the United States (WTI) Briefly touched a nine week high, slightly below per barrel 84.00 The US dollar, followed by mid-term market liquidity in the US session, pulled the buy price per barrel back to 82.50 The US dollar. The recent rise in crude oil prices is due to people's increased expectations of rising fuel demand during the peak summer tourism season.

With the arrival of this week's Independence Day holiday in the United States, the peak season for summer tourism is expected, and demand for oil in the United States is expected to increase. According to Reuters, the American Automobile Association（AAA）According to the data, it is expected that the travel volume during this period will be higher than 2023 Annual growth 5.2%Among them, the number of car trips alone will increase compared to the previous year 4.8%。

Technical analysis:

WTIAlthough crude oil has surpassed the previous period81.5The consolidation area near the US dollar reached and briefly reached84USD, but tested4month26After the daily high point, it fell back.

In terms of upward movement, the current resistance is84.46USD.

In terms of decline, the first support for crude oil is located at80The recent consolidation range above the US dollar was followed by6month18Of79.13USD.

Resistance level: 84.46  support level: 80.23

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.