5.19Analysis of Gold Market Trends and Operational Strategies

5.19goldMarket trend analysis:

Wednesday（5month18Spot gold hit its highest point in Japan at one point1824.17USD, lowest touch1807The overall fluctuation of the US dollar is not significant. The US dollar has attempted to stabilize and rebound after three consecutive trading days of decline, reducing the attractiveness of gold to investors holding other currencies. Gold is highly concerned about the prospects of interest rates and monetary policy, especially in the United States, where the indicator is the United States10Annual bond yield(Yield rate)Stable after a sharp rise in the previous trading day, damaging the demand for zero yield gold. The Federal Reserve has raised its benchmark policy interest rate this year75Basis points and is expected to achieve6Month and7Raised again at the two meetings of the month0.5One basis point. Although gold is seen as a hedge against inflation, it has an impact on short-term US interest rates and bond yields(Yield rate)Rising is very sensitive as it increases the opportunity cost of holding gold.

On Tuesday, gold fluctuated without an absolute strength trend, with a slow rise in Asian and European gold prices and a new high in the European market1836Although the performance was strong, the long positions in the US market did not continue and showed significant downward potential, reaching their lowest point at midnight1812If we have basically regained the upward space of the Asian and European markets, then the rise of gold on Monday and Tuesday is not absolute strength, and cyclical gold still needs to adjust, so we cannot be bullish alone for the time being. From a technical perspective, the rise after Monday's new low, Tuesday's volatility, and Wednesday may still maintain a volatile range. The daily chart will close positive on Monday, and on Tuesday, it will remain in a volatile range5，10The daily moving average closed bearish below the daily moving average, but it remains weak for the time being. We will change our mindset and engage in high-altitude, low long trades within the day, as long as we maintain our position at1836Below, it is difficult for gold to have any breakthrough upward potential.

Suggestions for Gold Operations:1826Short nearby, stop loss1830

　　crude oilMarket trend analysis

Analysis of crude oil news: Wednesday（5month18During the Asian period, American Oil hovered around114dollar/Barrel; Oil prices briefly hit a new high during Tuesday's intraday trading session3month9New high in recent days115.56After falling back, there are reports that the United States will relax some restrictions on the Venezuelan government, and expectations of an increase in Venezuelan crude oil supply may drag down oil prices. crude oilfuturesPrices continued to decline at the end of regular trading hours, after Federal Reserve Chairman Powell stated that he would not hesitate to raise interest rates above neutral levels if necessary. US Treasury officials have stated that due to the selling price of Russian oil being lower than the global benchmark oil price, tariffs can be set at a level that can both fill some of the price difference and reduce Russian profits. But they added that tariffs must be low enough to make Russia profitable, in order to have the motivation to continue exporting. These officials say that keeping Russian oil in the market can avoid further oil price increases that could be caused by the European oil embargo. The surge in oil prices will offset the impact of the embargo on Russia's revenue. On the whole, the geopolitical tensions caused by the Russia-Ukraine conflict have escalated, the EU sanctions against Russia may further escalate, and the oil price has maintained a bullish tone; But due to the relaxation of restrictions on Venezuelan crude oil by the United States, oil prices may fluctuate and remain bearish in the short term. It is reported that the United States will relax some restrictions on the Venezuelan government, and the expected increase in Venezuelan crude oil supply will drag down oil prices.

From a technical perspective, crude oil crossed yesterdayKAfter a long period of high consolidation and flattening, the line fell back and fell to111.78.However, the closing was still at a neutral high position, with a rebound from the high without closing low. The next day, it continued to consolidate at a high level. Following the daily rise of consecutive positive trends, accompanied by a small negative crossKLine organization correction. crossKThe closing of the line is still a strong consolidation correction. However, in the late trading session, some lost ground was recovered, making the short-term competition still ongoing today. Key focus for the dayEIAdata 4The hour chart quickly turned positive and recovered after the double negative line withdrew yesterday. The end of the trading session remained at a high level, making it uncertain whether the Asian session will continue to be bullish or bearish today. It is currently difficult to determine whether to further consolidate and break through the high level or to confirm a retracement before recovering. Bollinger Road shows that it is temporarily above the mid track and has more oscillations. It does not lose the mid track when retreating, and the short track long head structure has not been changed.1Houtu Bollinger Road begins to close. Locally entering a volatile market, with uncertain bullish and bearish trading volumes, the Asian market is watching and shifting the timing to European and American markets. Overall, today's short-term operation strategy is dominated by Jinshi's suggestion to focus on a pullback to lower positions, supplemented by a rebound to higher positions, with a focus on short-term operations above117.8-118.2Frontline resistance, short-term focus below109.5-110Frontline support.

　　— This article is contributed by Ding Sheng Jin Shi.

My Interpretation of World Economic News,Analyzing the Global Investment Trends,Has in-depth research on commodities such as crude oil, gold, silver, etc,Technical Director Dingsheng Jinshi Online Solution Set,Loss recovery,One on one real-time guidance 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.!