谈啸峰：3.8黄金原油黄金1320支撑是关键

The strong momentum did not persist, and the bulls did not continue. After being under pressure, they fell and broke through the low before turning negative. On Tuesday, the gold price began to rise sharply against the backdrop of rising risk aversion, reaching its highest point during trading1338The US dollar jumped higher and headed towards Wednesday morning trading1340At a high level, unfortunately, the market continued to decline under pressure and fell below it in the evening session1330Supported by refreshing during the late night period1322美元新低，同时我们昨日盘坚定看空头回撤思路也是完全正确。连日来金价多空运行反反复复，高低点突破后均不能很好的开启新一轮的单边，就此可见缺乏势能指引的事实，加之明日是重磅非农报告，预计在此之前仍会维持区间震荡为主。

　　美国总统经济顾问科恩的离职掀起了市场不小的波澜，股市震荡，美元下探，美债收益率走低，悲观情绪一度蔓延。科恩本人是自由贸易的拥护者，之所以离职就是不满总统特朗普的贸易保护主义举措，但就其离职后来看，特朗普对于提高钢铝关税的计划只会加快行径，因为科恩的离去减少了反对的声音。与此同时，欧盟在隔夜明确表示将对特朗普实施的提高关税措施采取报复行为，由美国引发的贸易战继续这样愈演愈烈下去定会给予具有避险属性的gold带来实际支撑。

　　周三所公布的美国ADPThe data has significantly increased, serving as a forward-looking indicator for Friday's non farm payroll,ADPThe positive outlook presented by the actual value suggests that the non farm payroll report for February will be stronger. The hot job market will boost economic growth and lay a solid foundation for the Federal Reserve's interest rate hike in March. Today, the market will closely monitor the upcoming European Central Bank meeting and the subsequent press conference by President Draghi. Although the market generally expects the current interest rates to remain unchanged, some minor adjustments are likely to be made, which will affect the direction of the euro and subsequently the US dollar.

　　黄金：上行突破后由于缺乏势能，进一步上涨的空间看不到，自高回撤就是昨日盘发展的主方向，同时跌破1330Support is within expectations. On the daily chart, a relatively long bearish trend was recorded in the physical sector, with prices below the short-term moving average. Overall, Bollinger maintained a downward trend, and short-term indicators lacked upward momentum. Especially after yesterday's significant pullback, the daily chart showed signs of caution in dealing with bullish developments.4In terms of hours, the price rebounded this morning and recorded a small bullish trend. Currently, it seems to have stabilized1322Above the low point, but subject to short-term moving averages and1330The checkpoint is being suppressed, and the overall Bollinger Bands are maintaining a contraction. Short term indicators have successively fallen below the dead cross,4Short positions are more advantageous on an hourly basis. Yesterday's trading session, we1330The bearish trend above, with a strong intraday pullback, demonstrates our accuracy in grasping the short-term direction. As the technical outlook weakens, we can continue to trade at a high level and remain bearish in today's trading.

　　crude oil：先涨后跌，破位61支撑，后夜时段最低触及60.5一带，日线上最终录得带有上下影线的实体阴住，且实体部分运行各周期均线下方，布林整体开始缩口，加之短周期指标上涨乏力，日线上空头较为占优。4小时上，昨日后夜空头大幅回撤，导致最终价收低，今早间可以看出多头反弹无力，价格运行各大周期均线下方，布林带呈走平状，短周期指标下探势能不明显，4小时技术指标来看还需时间加以震荡再出方向。昨日盘油价最终下探，同时也收阴，但下方60关口支撑带有效，低位追进显然没有利润空间，相对来说还会加剧交易风险，因此今日盘我认为可率先在靠近低位做多看反弹。

Golden Strategy:

　　1：1333Short selling, stop loss1336, Objective1323

Crude Oil Strategy:

　　1：60.7Long, stop loss60.2, Objective62

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