Guo Shengshan:5.2Gold Continues Weakness and Latest Analysis of Gold and Crude Oil Operations

Investment experience: Investment is always about half laughing and the other half crying. At the same point, with different orders entering, everyone thinks that the other party will become the lamb to be slaughtered by themselves, and everyone wants to become the butcher. This is a marathon, not about the present, not about the present, not about the present. The "leftover" are the king, and in the end, whoever is left is the boss. A hundred people come in, ninety are gone, and you have no idea they have come before. Execution and strategy are the magic weapons to win in the market. No matter how good the execution strategy is, a mistake is suicide. No matter how good the strategy is not executed, it is useless. Often, what is harvested in this market is no stop loss, Heavy position operation and locked position trading are the three most basic taboos. When you don't do what you did before that led to losses, not losing money and making a profit becomes inevitable. There are right and wrong in trading, just like there are good and bad people in society. Treat it with a calm mind and never gamble on a single order. Unless you want to gamble and leave with peace of mind, don't do it at any time.

　　goldMarket trend analysis;

Monday（5month2During the Asian session, spot gold slightly weakened and is currently trading in1887Near the US dollar, the US dollar's decline from its high point last Friday provided an opportunity for gold prices to rebound, and coupled with the sharp decline in US stocks, gold prices rebounded to1920The US dollar is around, but market attention is still focused on this week's Federal Reserve resolution, with widespread expectations for interest rate hikes50A basis point, and this week there will be heavyweight economic data such as non agricultural data. Market expectations are relatively optimistic, and the long position in the US dollar has increased. There is still a risk of further pullback in gold prices in the future. Monday will welcome the United States4monthISMmanufacturingPMIMarket expectations are57.6, previous value is57.1。 Tuesday will usher in the United States3Monthly factory order rate, market expectation is1.2%, previous value is-0.5%。 Wednesday will usher in the United States4monthADPEmployment and the United States4monthISMNon manufacturingPMIMarket impact on the United States4monthISMNon manufacturingPMIThe expectation is58.5, previous value is58.3。 Friday will usher in the United States4The monthly non farm employment report predicts that the labor market will continue to perform strongly. In addition, this week will also see the Federal Reserve of Australia's decision (Tuesday) and the Bank of England's interest rate decision (Thursday), with market expectations for rate hikes respectively15Basis points and25Basis points. This will increase the opportunity cost of holding gold and also be detrimental to the gold price. Considering the still tense geopolitical situation, the survey shows that most analysts and retail investors are still bullish on the future of gold. According to past trends, gold prices tend to decline before the Federal Reserve raises interest rates, but often rise against the trend after raising interest rates. Investors can refer to this at their discretion.

Last Friday, gold rose, fell, and closed lower, while the US dollar briefly fell, boosting gold prices to quickly rebound in the short term, with a maximum rebound of1919.80dollar|ounce. During the end of the trading period, it fell under pressure and returned1900Below, the final harvest of the Moon Line is the Mid YinKLine, different from the previous oneKDouble shadow lines formed by lines to detect high pressure, monthKThe line shape tends to fall back. The weekly closing formed a double negative line and closed lower, but although there was a lower break last week1890Low point, but the continuity of the first break is insufficient. This week, we will still pay attention to the continuation of the break. The second break will form an effective breakdown, which will further open up the space for short-term downward wave extension. After the daily line rebounds with the double yang, the second yangKThe line draws out the upper shadow, and the rebound does not close high. The rebound is only a correction, with strong persistence, combined with the high and low intensity of the closing. It can be seen that the closing price is not high, and the correction is not considered strong. The normal correction area is weak, but only three. Last Friday was the second trading day to rebound and show signs of pressure after correction. This week, we will rely on1920Defend and continue to see the weak turning downwards. However, as the moving average indicator has not yet fully turned, the daily level will continue to move repeatedly. Although it is a downward wave shape, it will take some time for the moving average to turn downwards.4After a continuous positive rebound in the hourly chart, it quickly turns negative and returns to vomit, breaking through1910After breaking through the weak trend and fluctuating, but failing to stabilize in the late trading session, it can be seen that the rebound is just a flash in the pan. Insufficient sustainability, expected to weaken again after closing lower. Short term rebound within the day, choosing an opportunity for high altitude. Overall, in terms of gold's short-term operation strategy today, Guo Shengshan suggests short-term attention from above1910-1915Frontline resistance, short-term focus below1880-1875Frontline support.

　　crude oilTrend analysis:

From the perspective of crude oil technology, on the daily chart, crude oil experienced a rise and fall trend last Friday, with crude oil rising and falling near the upper track, recording an inverted negative trend. On the daily chart, crude oil may still experience a short-term peak and fall, but due toMA5The daily moving average support has not broken through, and there may be a possibility of an upward trend in the short term;4On an hourly basis, crude oil fluctuated and slowly rose last Friday, but fell after breaking through the upper track in the evening and fell in a bearish period. Currently, the Bollinger Bands are in an opening period,MAAfter stepping out of the golden cross, the moving average turns downward and becomes a dead cross,KDJThree lines of random indicators converge downwards,MACDThe red kinetic energy column of the indicator has slightly decreased, and the fast and slow lines have a downward trend. Overall, crude oil still has a downward trend in the short term. Therefore, in terms of today's operating strategy, Guo Shengshan suggests high-altitude, low, and long operations, with attention from above106.7-107.2One line of resistance, pay attention below102.5-102.0Frontline support.

——This article is submitted by Guo Shengshan.

The above article was created by Guo Shengshan's teamgos1678Write my own interpretation of world economic news,Analyzing the Global Investment Trends,Has in-depth research on commodities such as crude oil, gold, silver, etc,Guo Shengshan, Technical Director, provides an online solution,Loss recovery,Due to network push latency,The above content is personal suggestion,Due to the timeliness of online publications,For reference only,At one's own risk,Please indicate the source for reprinting.