Guo Shengshan:5.16Late night gold bottoms out and rebounds, latest silver crude oil operation suggestions

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　　goldLatest market analysis:

Analysis of Gold News: Monday（5month16At the end of the Asian market, spot gold fell from its early high and dropped to a low of1804Frontline, currently trading in1809Near the US dollar, various US data and Fed officials' speeches last week strengthened expectations for future aggressive rate hikes by the Federal Reserve, helping the US dollar record six consecutive positive days on the weekly chart and repeatedly breaking new highs20The annual high caused a sharp drop in gold prices last week3.8%The weekly line has been continuously positive, and even fell below it at one point1800At the threshold, more Wall Street analysts have also turned bearish towards the future market. However, investors still need to pay attention to changes in the geopolitical situation, and bargain hunting and safe haven buying are still expected to provide short-term rebound opportunities or opportunities for a bottoming out recovery for gold prices. In addition, the US dollar index fluctuated in a narrow range104.5Nearby, slightly lower than the near record set last Friday20New Year High105.02The short-term US dollar index is severely overbought, and it is necessary to guard against the risk of short-term pullback.

Technical analysis of gold: Gold has been closing negative for four consecutive weeks, starting from a high point1898To low point1798It happens to be a drop of $100, and the continuous decline after the mid-term short selling is quite obvious. Basically, there are continuous new lows appearing every week and every recent day, and the overall trend is in line with expected judgments. We have been short selling in the middle line for a few weeks, and in recent weeks, I have also been laying out the main idea of high altitude in my articles. At present, both the weekly and daily lines are clearly short positions. The weekly line has been negative for four consecutive times, and the daily line has continuously hit low points. Although the closing line on Friday rebounded slightly by more than ten points, it actually did not have a significant impact on medium-term short positions. Friday is considered a breakthrough1800There has been no substantial breakthrough, and Guo Shengshan estimates that today it will mainly focus on targeting1800We are conducting a downward test at the checkpoint, so today we will still focus on high-altitude layout.

Short term attention above gold1818Nearby resistance, the high point of rebound after Friday's decline is1817.5Today's early trading was also under pressure due to a rebound1817.5Short-term weakness in the vicinity, then1818It can serve as a watershed for today's weak situation, under pressure1818Below is the weak market, standing up1818To fluctuate the market, theoretically under pressure1818You can short below, and you can also do the same for the white market. Also, the daily line1825-1830Regional resistance, if broken through1818If so, there will be1825-1830The regional focus is on short selling layout, and it is basically difficult to break through the daily resistance area under the mid-term short selling, which means that in the1825-1830Regional short selling is a very robust and conservative strategy, with the following focus1800The breakthrough situation at the checkpoint, of course, does not count as a shadow pierce, or a break from Friday's low can also be considered an effective breakthrough, while a continuation is1790frontline. The operation philosophy is mainly based on high altitude, with reference to short positions1818as well as1825-1830Resistance, there is no new low in the European market and the US market can consider it1800The upper light position is much lower, and if it breaks the low point, no more orders will be arranged today. In summary, in terms of today's gold operation strategy, Guo Shengshan suggests mainly rebounding from high altitude, supplemented by a pullback from low, with a focus on the above1818-1823Frontline resistance, short-term focus below1791-1786Frontline support.

　　crude oilLatest market analysis:

Technical analysis of crude oil: Crude oil rebounded and closed higher last Friday, recovering from the previous day's decline and losing ground, while reaching a high point and exiting a small cycleVType reversal, strong recovery104.10After the high point, the weak downward pattern was broken. Bounce highest touch106.40.Returning to the high range and sawing. Breaking through yesterday104.0Afterwards, perform one more backhand short shot to complete the bag placement in the pan, with frequent switching between local long and empty positions. Accompanied by a wide base saw, the daily high sun rises and swallows up the small yinKThe short-term and short-term fluctuations have returned to the range, and the continuity of the two yin and one yang is insufficient. It has not yet left the unilateral trend.4The hour chart shows a wave of low and continuous positive recovery, with nearly half of the lost ground. The pace of rapid decline and recovery, as well as sawing and fluctuating. The reversal of long and short is fast, and the gains and losses at critical points are crucial. Once the critical point of strength is missed, the predetermined rhythm will change, and the daily Boulevard will continue to close, and in the short term, it will maintain a wide range of oscillations.

Analysis of the latest trend of silver:

Technical aspect:ICEThe US dollar index surged and rose on Thursday0.9%Approaching20Annual high. The strong US dollar has suppressed the trend of silver prices. Spot silver plummeted over Thursday4%, creating2021year9The largest daily decline since the beginning of the month. The silver price has successfully reached our long-awaited target price level20.75dollar/Ounces, and found strong support at this level, currently fluctuating around that level. As long as silver prices continue to fluctuate within the bearish channel, the bearish scenario remains valid. Currently waiting for the silver price to resume its downward trend and move towards our next target price level20.20dollar/ounce. Therefore, we expect silver prices to further decline in the coming trading days. It should be pointed out that if the silver price fails to fall below20.75dollar/Ounces, which may drive silver prices to achieve intraday gains and test21.9dollar/Ounce area, then try to fall again.

In summary, Guo Shengshan concluded that last week crude oil first fell and then rose, leading toVReversal pattern, strong bulls, focus this week111.32Break situation, and then114.2US dollar resistance, Guo Shengshan suggested that crude oil should be bullish in today's operation, with a rebound in high altitude as a supplement, and short-term attention from above111.0-112.0Frontline resistance, short-term focus below107.0-108.0Frontline support.

Author/Guo Sheng Shirt

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.