Zhou Dinghong: Gold's Short Term Retreat Catches a Wave, Crude Oil Continues to Be Long

     Preface: Always learn from someone who has results, and they will teach you something beyond profit and loss in the investment market. Being with someone who has the ability to make money is what gives you the ability to make money.
2018-8-30
gold：
Gold was trading in mid day yesterday1200-1208The point range maintains a volatile pattern since the rebound of gold1214After being under pressure and falling back, there began to be a lack of upward momentum. In the short term, there is a clear signal of a pullback in the market, and there may be another pullback below1197Near the dotted line. In terms of operation, it is recommended that everyone prioritize light air.
Key points of operation:
1. Short term delivery1205-1206Point interval small warehouse entry short order, stop loss setting1208Point, see the target position below1200Near the dotted line, if breakdown occurs1200Click on the line, continue to see below1197Points.
2. If gold falls to1197If you are near this line, it is recommended that you keep an empty position and wait. Waiting for further confirmation of the market trend. There are two possibilities here, one is in the1195After stabilizing on the first line, if it rebounds upwards again, then it will be bullish in the future. One way is to directly break through1190Click on the line, and continue the bearish trend in the future, continuing to break through new lows below.


2018-8-30
crude oil：
The crude oil was announced yesterdayEIAData shows that crude oilEIAThe decrease in inventory data exceeded expectations. Yesterday, crude oil surged again, breaking through from above69Point, closing report69.56Point. In addition, the US sanctions against Iran seem to have begun to take effect, and Iran's crude oil exports have decreased27.5%. From the analysis of the crude oil market, as previously mentioned, a weekly level is formed“W”The probability of the trend of the pattern is very high, which means that the crude oil will rebound above it72Near the dotted line. So it is recommended that everyone should focus on buying long.
Key points of operation:
Short term withdrawal of crude oil to69.00-69.10Point range, can enter long, stop loss setting68.70Point, see the target position above70Near the dotted line.


     Message: Investment is never a simple task. Only by following the right people, doing the right things, and learning the right methods can you simplify complex things. So your choice is more important than your efforts.


      Zhou Dinghong/writing  WeChat（dh22886)