Yu Yue on Jin:6.7Will gold continue to rise within the day despite its volatile decline? Market forecast...

　　goldMarket trend analysis;



Gold continued its decline and closed lower yesterday, with the highest rebound1858The front line is under pressure, because the yield of the US dollar and US treasury bond bonds rose. Gold suffered setbacks and fell, with the daily chart closing lower in consecutive negative sessions, continuing the downward pressure from last Friday. At the same time, it closed at a low level and continued to decline at the beginning of today's trading. From a daily perspective, the previous rebound was still a correction in the downward trend. After the correction, it closed at a low level and then turned weak again. Currently, the daily line is once again close to the annual line position. After the previous downward trend, it quickly rebounded and corrected. Currently, the medium-term moving average has been pulled downward and turned downward. Overall, it is still in a downward trend.4The hourly roller coaster retracement takes back all the previous upward momentum, and today it will once again approach last week's low point1828.This lost position will lead to1800The checkpoint is approaching a decline, and after last Friday's surge and fall, it has driven the indicator to turn downward. After continuing to fall yesterday, it has given up nearly half of its space. If it approaches again today, it is expected to fall further and continue to fall. Currently, the even bearish and volatile decline also shows a relatively weak short-term trend. Overall, the recommended trading strategy for gold today is to focus mainly on rebounding at high altitudes, with more retracement at low altitudes as a supplement, and short-term attention from above1850-1855Frontline resistance, short-term focus below1830-1825Frontline support.



　　crude oilMarket trend analysis;



　　6month7During the Japanese Asian period, the US oil company is currently reporting119.21dollar/Barrel; International oil prices hit a record high during trading on Monday3A new high since the beginning of the month,WTIcrude oilfuturesThe highest price hit during the trading session120.99US dollars. Organization of oil producing countriesOPEC+After announcing the decision to increase production additional last week, Europe's largest producer, Saudi Arabia, decided to raise the price7The monthly export price of crude oil has strengthened external expectations for summer consumption demand in the northern hemisphere. From a global perspective, the shortage of refining capacity is a common phenomenon. Insufficient investment in global refining capacity is one of the key driving factors for the rise in gasoline, diesel, and aviation fuel prices. Valga predicts that the addition of refining capacity will require2023The US will continue to face a tight energy supply situation and high refined oil prices in the coming months as it will gradually go online in the next few years. Believing that; With the start of the US summer driving season and the control of the COVID-19 pandemic in China, the demand outlook has been significantly boosted, while Europe's ban on Russian oil imports and its own actual production capacity factors indicate supply difficulties. Many signs indicate that market fundamentals are tightening, and oil prices are expected to maintain a volatile upward trend in the short term.



Technical analysis of crude oil; Yesterday, the small negative line of crude oil fell and closed lower. The daily line was accompanied by a fluctuating correction of double positive and one negative. The small negative line retreat is a correction, and the current space has not seen a peak or reversal, only a brief correction, and the closing is still above the moving average. It is not advisable to guess the peak too early in the short term, unless the daily line is accompanied by a rapid rebound and a close. At present, it is only at a high level of chronic consolidation, and horizontal consolidation is gaining momentum.4The correction was made for a small pullback in the hour, with a series of Yin style pullbacks, but the closing was temporarily above the mid trackKAlthough there is even yin in the thread, it is all small yinKThe line has not retreated due to the large Yin, making the strength of today still uncertain. It is necessary to make greater efforts to measure the strength. Looking weak requires spatial coordination. Yesterday's Little YinKThe line is only used as a passivation finishing correction. Switch between multiple spaces and pay more attention to the transformation of forms. The short-term structure is still in the upward channel. The short-term tentative approach is to maintain a bullish pullback, and the combination of European and Western markets will continue to be strong or weak. At present, while maintaining a high level of consolidation, there is still a habitual upward trend. Overall, it is recommended to focus on the short-term operation of crude oil today, with a pullback to lower levels as the main approach and a rebound to higher levels as a supplement. The short-term focus above should be on121.0-121.5Frontline resistance, short-term focus below117.0-116.5Frontline support.