Xie Hongyuan:5.7Analysis of the trend of non agricultural gold attacks and suggestions for today's gold operations

goldMarket analysis:

Thursday（5month6Spot gold continued to fluctuate. As the United States launches unprecedented spending measures to support the economy's recovery from the virus pandemic, Federal Reserve officials continue to downplay the risk of rising inflation rates. In addition, the decline in bond yields andSPDRThe increase in gold holdings provides support for the rise in gold prices. However, the strong economic data and the record breaking US stock market have limited the room for gold prices to rise, and there have been continuous calls in the market for the Federal Reserve to raise interest rates early.

Technical aspect of gold: The positive line of the gold daily chart has ended, and the fluctuation of the negative and positive conversion of the gold daily chart is still present. Firstly, it is clear that the first is the upward break1800Look at the top line, and the second is the bottom line1754Look down on the first line, otherwise the market will still be volatile. What can be confirmed at present is1800It will become a watershed between long and short, and based on the current market trend, it is expected that prices will break the market today and tomorrow. Once prices form a decline, they must fall to1757Below, and closing at1753Nearby. Technically, the trend of intraday fluctuations remains unchanged, forming a pause,KThe line shape shows market divergence, with the moving average remaining intact in the daily chart and gradually converging in the hourly chart, with a small degree of convergence. Prices fluctuate up and down in positions with dense moving averages.

From the current market perspective, the gold price always runs between the four hour upper and lower limits, entering the middle range and leaving the lower limit15Block, off line11Block, while in terms of morphology, it fluctuates upward for four hours, but the hour chart is close to the online suppression. It is expected that the gold price will be adjusted and corrected first before rising, so for mid range positions, it is necessary to wait for the hour chart to match30Minute correction in place combined with four hour buying, reference above1796-1800Suppress, see high when breaking, continue to fluctuate when not breaking, so continue to sell high and buy low before breaking, try to adopt up and down line operations, and have small profit margins in the middle section. Try to participate in light positions by combining with hourly chart resonance. Overall, in terms of the short-term operation strategy for gold today, Xie Hongyuan suggests that a pullback should be the main focus, with a rebound and short selling as a supplement. The top focus should be on1810-1815Frontline resistance, short-term focus below1765-1770Frontline support.

crude oilTechnical analysis:

The daily average level of crude oil still maintains a bullish position, although it closed with a long shadow yesterdayKLine, but the upward trend in the medium term remains unchanged.4The hourly cycle shows signs of upward structural completion, and the short-term adjustment may continue. Oil prices fell on Wednesday,KOn the line chart, a bearish pattern of "dark clouds covering the top" is formed, and there may be further downward pressure in the short term.MACDKeeping the golden cross indicates that the overall trend is still optimistic, butKDJThere is an oversold signal, which also implies a demand for market correction. On the upward side, preliminary resistance looks towards5month5Daily high66.76Further attention3month8Daily high67.98Resistance, Breakthrough68On the front line, there is potential for impact70This important juncture. On the downside, initial resistance can be taken into account5Support of daily moving average65.04If you fall below this level, you can look towards61.8%Retreat position63.88and50%Retreat position62.62。 Overall, in terms of short-term operation strategy today, Xie Hongyuan suggests that the main focus should be on a pullback to lower levels, supplemented by a rebound to higher levels, with a focus on short-term operations above66.8-67.3Resistance, short-term focus below63.3-63.8Frontline support.