Zhou Jinrui9.13Will gold continue to fall? Analysis and Operation Suggestions for Futures Gold and Crude Oil Market

　　goldMarket trend analysis
　　
Message analysis: Sunday（9month12Spot gold fell this week2.2%to1787.58dollar/Ounces, ending the previous four consecutive weekly gains. This week, the US dollar index stopped falling and rebounded, giving gold bulls a heavy blow. In addition, Federal Reserve officials currently generally support a reduction in bond purchases within the year, and the market generally expects the Federal Reserve to start from11The official start of the month has also brought tremendous pressure to gold prices. However, the European Central Bank's announcement on Thursday to reduce bond purchases provided a breathing space for gold prices, and the four day drop in the stock market this week also provided some support for gold prices as the widespread risk sentiment in the market subsided.
　　
Technical aspect: perimeter level; Gold prices are once again facing obstacles38.2%After the pressure of the retraction line, after continuous retraction, after touching2075The trend line of the US dollar down1782Nearby, there has been a stop in the decline, and the signal of the indicator has stabilized. The signal is unclear, but the bullish momentum on the main chart remains unchanged, and the space below will also be limited. Near the trend line50%Retreat position1763Nearby is still a good opportunity to enter the bullish market, and the low point at the beginning of this week will require special attention.


Daily level: After a continuous decline in gold prices at the beginning of last week, they remained low and fluctuated slightly on Wednesday and Thursday, indicating signs of bottoming out and a return to a rebound and rising signal. However, given that they are still operating below the mid track and many moving averages are putting pressure on them, the rebound still needs to pay attention to the suppression of resistance, and there are opportunities for both long and short positions. Overall, the short-term operation strategy for today's gold market was suggested by Jinrui last week to focus on lower levels with higher levels as a supplement, with a focus on higher levels1810-1815Frontline resistance, short-term focus below1770-1775Frontline support.
　　
GoldTDTechnical analysis:
　　
Goldt+dThe gold daily trend closed lower than the Yin Cross Star. From the daily chart, gold fell unilaterally this week, taking back nearly half of its previous bottoming rebound trend. Currently, the gold daily trend is showing signs of contraction, and gold prices are showing signs of stabilizing and temporarily maintaining low volatility. It is recommended to adopt a short-term approach of short selling every high and strictly control risks. goldTDSuggestions,377Short selling, stop loss380Stop profit price370。
　　
SilverTDTrend analysis:
　　
Silvert+dThe silver daily line has closed down the Yin Cross Star and is currently rebounding. The Bollinger mid orbit has successfully supported the rebound.4The hour is currently in a state of oscillation, above60The line runs flat and deviates upwards, and the Bolin track accelerates downwards. Silver is generally weak, but it is still in a volatile rebound in the short term. Yesterday's Little Yin CrossKThere are signs of a stop in the decline, and the daily line has become an important defensive fortress for short-term bulls. Suggested within the day5235Near empty once, stop loss30Point, target50-100Point; Follow within the day5050-5080Multiple tests nearby, stop loss30Point, target50-100Points.
　　
　　crude oilMarket trend analysis
　　
Analysis of crude oil news: Sunday（9month12US crude oil rose this week0.88%to69.71dollar/Bucket. This week's market has always been in a range of fluctuations, with investors swaying back and forth amidst various factors such as the impact of hurricanes and the impact of the epidemic on consumption. The market's direction is temporarily unclear, but with the epidemic in major countries led by the United States still intensifying, the outlook for oil prices is expected to remain weak, leading to oil prices still in a downward channel and there is still a risk of further downward trends in the future.
　　
Technical aspect of crude oil: crude oil closed positive on a daily basis. Although oil prices have walked out of the roller coaster, they are still in a volatile state. Currently, oil prices are suppressing the downward trend line, forming a small head to shoulder shape in the short term. Once the strength line is broken, it will further open up the downward space and assist in indicatorsMACDAlso starting to turn the corner, the four-dimensional chart price is close to the daily line going up, the main line going down, and the empty signal is established. Once the strength line is broken, there is a lot of room, so we choose high altitude for the day and lock it up above70.3-70.6Frontline layout, breaking through67.5Backward suction with extra space, look64.7Frontline. Overall, the short-term operation strategy for crude oil today was recommended by Jinrui last week, with high altitude as the main approach and low altitude as the secondary approach. Top short-term focus71.0-71.5Frontline resistance, short-term focus below67.0-67.5Frontline support.