Chen Zeqiang:2.24Exclusive operation suggestions for gold crude oil today

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　　goldAnalysis of the latest market trend

Thursday（2month24At the beginning of the Asian market, spot gold fluctuated in a narrow range and is currently trading in1910Near the checkpoint, most of the overnight gains were held; On Wednesday, gold prices surged, approaching a peak in over a year1916Nearby resistance due to the expansion of US sanctions against Russia; The escalating tension in Ukraine continues to boost the demand for safe haven gold. Relatively speaking, Daly's speech was neutral and not very supportive3Monthly interest rate hikes50One basis point, which also provides opportunities for gold bulls. The increased risk of economic recession will increase the safe haven demand for gold, which is expected to provide support for gold prices in the medium to long term. Relatively speaking, the possibility of further escalation of the short-term conflict between the two countries is not high, and the market has partially digested the need for hedging in the geopolitical situation. If there are signs of easing in the geopolitical situation between Russia and Ukraine, gold may face an opportunity for adjustment. Overall, the geopolitical situation dominates market sentiment, and there is still an opportunity for gold prices to fluctuate and rise. However, given the2021year6The high point of the month1916There is strong resistance nearby, and the momentum for gold prices to effectively break through is still slightly insufficient. The dead cross will continue to pay attention to the further development of the geopolitical situation. In the short term, gold prices tend to fluctuate at high levels or fluctuate upwards. It should be noted that the market currently has concerns about the number of initial claims for unemployment benefits in the evening and the fourth quarter in the United StatesGDPThe expectation of the data is relatively optimistic, and if the data meets or exceeds expectations, one needs to be cautious of the risk of a pullback in gold prices.

From a technical perspective, gold fell and rebounded yesterday before closing higher, with the lowest retracement1889Starting from low points and stabilizing, maintaining the strength and weakness of the technical structure with low point support1887Above is a summary of the key factors of strength and weakness in this position several times yesterday. Stay true in the short term. Keep circling after diving1890Short term bullish trend in the area, repeatedly reaching higher1910-1916Along the way, there is a way of organizing and building momentum. The daily chart follows a correction of three negative periods before turning positive and closing at5Above the daily line. The daily consolidation is gaining momentum. The bullish trend remains unchanged. 4Hourly backtesting showed that the lower track of Bollinger Road started to stabilize and rebound, driving the closing of the lower track to form support, while closing at a high level, indicating further upward momentum in the short term within the day. Attached diagramMACDAfter yesterday's downward correction. Partial turning will begin, with the golden fork pointing upwards. The strong correction technique is horizontal consolidation, even with backtesting, it can quickly recover, and the low point of backtesting remains above the low point at the beginning of the week, which is1887The critical point of strength and weakness was reached yesterday1889Start stable, localized1887-1889The support began to stabilize. Short term within the day or within the week, as long as we don't lose ground1887At the critical point, keep the callback low and maintain the same mindset.1The hourly chart forms a small box interval oscillation, and the lower rail is at the critical point. After horizontal sorting, the strength of the key support is strengthened. In summary, Huang Qianrui suggests that the gold market should focus on a pullback to the low position and a rebound to the high position as a supplement, with a focus on the upper level1960-1965Frontline resistance, short-term focus below1905-1910Frontline support.

　　crude oilAnalysis of the latest market trend

The trend of crude oil yesterday was affected by market sentiment and showed ups and downs, putting pressure on it first92Rework adjustment to90.3Nearby, the evening market rose and the pressure was measured93.5On the front line, but the market fell back again in the latter half of the night91Nearby, there were up and down shadows in the daily closing area of Xiaoyang, but the market rose again this morning. At present, from the daily structure perspective, there is a great demand for technical retracement and adjustment of crude oil, whether it is in a high pressure normal or a signal of deviation from the top of the indicators, including the current market focus on the Iran nuclear negotiations, which supports a certain degree of spatial retracement and adjustment of crude oil. However, the situation in Russia and Ukraine is currently the biggest fundamental instability factor, and any anomalies in the market are also caused by this, So in the short term, the demand for technical adjustments in crude oil should still be treated with caution. For the day, it is advisable to conservatively choose a temporary wait-and-see approach for crude oil to avoid the current chaotic and unstable market sentiment. Focus on technical points within the day above93.4-6Short term pressure, follow below92-91.8Short term support, specific strategies need to be adjusted in real time according to the situation.

Author/Chen Zeqiang