Tang Mingyang:5-8Recommendations for Operation of Gold Crude Oil

Full of absurd words, tears of bitterness, all cloud trading obsession, who can decipher its flavorReview yesterday's market trends.yesterdaygoldThe Asian and European stock markets fluctuated downwards, reaching their lowest point1278The market is starting to rebound nearby, and the highest point in the US market has been reached1286Nearby, then began to fluctuate at a high level and closed at1284Nearby. originalfromYesterday's unilateral decline touched60.7It started to rebound nearby, now reported61.9Yesterday, gold andcrude oilThe call for orders can be said to be very accurate. Have friends kept up with this trend?
At the beginning of this week, gold prices climbed to1280Above the US dollar and maintained above this level amid the escalating trade war between China and the United States. In this situation, the gold price should receive more boost and continue to rise, but due to US President Trump'swolfSetting the deadline for tariffs on Friday is undoubtedly buying a thunderbolt for gold prices, and it will be difficult to predict the future trend of gold prices from the news
goldaspectThe oscillation trend is still ongoing, but there is no need to worry, the trend structure will always come. Yesterday, from the European market1284Suppressing slow decline, reaching1278After the stabilization of the US stock market, there was a bullish counterattack, and the characteristics of inter market consolidation were quite obvious. And basically maintained at8The US dollar is moving around, and there is limited room for short-term trading. From a technical perspective, the obstruction above the four hour mark is particularly evident, and there is a continuous downward trend from the high point1288reach1286, then to1284-85frontline.

thereforeOld TangI think this is a false impression of a bullish reversal of the market. Breaking through will not be as difficult as this, and there is a lack of upward momentum in terms of quantity and ability. Although gold is dominated by bulls in the short term, the resistance above is also relatively strong. As long as there is no change in structure, we will firmly watch this wave of blocked decline. As for when it will come, we cannot accurately determine the specific node, but as long as1288-1291To not break through the trend line is to patiently wait. Therefore, today's strategy is naturally to continue to soar high! The resistance of the hourly long-term moving average group is also within1288-1291，
In terms of operation,So today we can1286/1288Two resistancesEmpty ticket entry，Stop loss1290，See the target below1278-1280

In terms of crude oil:

Looking at the daily chart, there was a bearish candlestick collected yesterday,MA5Under average suppression61.80Forming resistance points, the middle and lower tracks of the Bollinger Bands hook downwards,MACDAlthough the energy column has slowed down, it remains strong, indicating that the overall trend of short positions in crude oil is still strong.
　　4From an hourly perspective,KThe line is located in the middle and lower Bollinger Bands, but it is currently hitting the resistance point of the middle Bollinger Bands,MA5Mean Square andMA10The moving average forms a dead cross, butMACDThe fast and slow lines did not form a dead cross, and the moving averages were also disorganized. Pay attention to them in the morning session61.30and61.80The breaking situation. Due to the rebound at the end of the trading session, the hourly chart is currentlyMA5Average uploadMA10The moving average forms a golden cross,MACDThe fast and slow lines are also trending upwards, but the middle and upper Bollinger Bands are still trending downwards. If crude oil rises in the morning, it will break the level61.80Resistance point, so there may be further testing within the day62.50Resistance level, if it falls below61.30First line, then it will continue to decline in the future. Announced in the early morningAPICrude oil data continues to remain bearish, indicating eveningeiaThe probability of being bearish is still relatively high. Overall, today's operational strategy is based onOld TangMy personal suggestion is to focus on rebounding at a high altitude, with a pullback and long positions as a supplement. Pay attention to the pressure above62.8-63.0Frontline resistance, short-term focus below60.6-60.8Frontline support. If you have friends who have locked their positions, please contact me promptly to add Wei-coretang299168Real time free release.
Suggestions for crude oil operation:
　　1Bounce from above to62.6-62.8Short on the front line, stop loss0.4US dollars, look at the target60.8-61.0
2Lower callback to60.6-60.8Long on the front line, stop loss0.4US dollars, look at the target61.6-61.8
Message:Every time I write an analysis, I hope to see my friends gain something. In this market, under calm performance, there are actually dark waves surging. Many investment friends easily enter, often covered in wounds. Every day, many friends come to me for help, but most of them just quickly find the next article to continue reading after reading the analysis. I hope to help more people, just as my positioning for this job is service. People are mutual, and trust is the beginning of cooperation. If you are confused or lost on the investment path, you can talk to me. Maybe this will make your investment path much easier. (Communication guidance:tang299168）
This article is exclusively written by senior financial analyst Tang Mingyang. Please indicate the source when reprinting. Old Tang kindly reminds us that investment carries risks and caution is required when entering the market. For more trading strategies and investment experience, you can directly contact Professor Tang Mingyang!