Chen Zeqiang:6.24Analysis of the trend of gold and crude oil market in the early trading session, exclusive strategy guidance for gold

Acquaintance is fate, acquaintance is fate. I firmly believe that it is fate to meet for a thousand miles, and it is fate to wipe our shoulders without a share. The journey of investment is long, and temporary gains and losses are only the tip of the iceberg along the way. You should know that a wise man who has a thousand worries will have a loss, and a fool who has a thousand worries will have a gain. No matter how emotional you are, time will not stagnate due to you. Pick up the boredom in your heart and stand up again to pack up and move forward. At this moment, being able to read here indicates that you and I are destined. As long as you are willing to share your gains and losses with me, I will be happy to help you overcome difficulties and become your confidant on the investment journey. The stagnation of your heart makes you sit at the bottom of the well and sigh in the sky. Am I fortunate enough to accompany you as I pass by.

Investment itself has no risk, only out of control investments have risk

　　goldMessage parsing:

Federal Reserve Chairman Powell's congressional testimony acknowledged that a significant interest rate hike could lead to an economic recession, making a soft landing very challenging. Deutsche Bank and Citibank expect that the global economy will50%The possibility of falling into recession, UK and Canada5Monthly inflation approaching40New year high, previously achieved in the United States5Monthly inflation approaching40New high for the year, and the market's interest rate hike cycle for the Federal Reserve has exceeded11The expectations for the mid month elections have significantly decreased, and the above news has supported gold prices. Market expectations for global central bank interest rate hikes remain high, with the Federal Reserve7May raise interest rates in the month50Basis points or75A basis point, the European Central Bank may7Monthly interest rate increase25Basis points, and within9The possibility of a significant interest rate hike in the month is unfavorable for gold prices.

Gold Technology Analysis:

Daily level fluctuations;MACDBonding,KDJBonding, interweaving of moving average lines, closing of Bollinger lines, lack of clear direction for short lines, pay attention to Bollinger line tracks1817.72-1873.82Regional breakthrough situation. At present, gold prices are located below the majority of the moving averages and the middle track of the Bollinger Line, while breaking through the middle track of the Bollinger Line1845.77In the front and back markets, there was a slight downward trend towards volatility. If it falls below the support of the Bollinger Line, it will increase the short-term bearish signal and is expected to further explore in the future1800INTEGER GATES AND5Monthly low point1786.70Nearby support. If the gold price breaks through the middle track of the Bolin Line1845.77Nearby resistance increases short-term bullish signals, further resistance at last week's high1857.39Near.

On the daily chart, gold prices are1879US dollar starts to decline((iii))Wave trend, expected to decline38.2%Target bit1798USD.((iii))Waves are from1998The downward trend of the US dollar openingCThe sub waves of the waves.

The four hour oscillation downward trend was directly pulled from the bottom to the top by a large sun, breaking the original pattern of oscillation downward. Now that the gold oscillation structure is so severe, the following trend will be smoother. A structure like gold,1855It has become a must-have value, with a mixture of negative line withdrawals between the two positive points, and the negative line withdrawals do not break the rising point of the positive line. This is a very standard upward relay structure, also known as multi-party cannon, with the big positive line following closely behind.

Focus on the lower edge of the hourly chart level range during the day1823-20Possible testing in the area. Short term attention from above within the day1847-1850Frontline resistance, short-term focus below1823-1820On the front line of support, Chen Zeqiang suggested that in today's gold trading, the main approach should be to rebound and short, supplemented by retracement and long. Positions will be treated according to daily charts, and other positions will be notified immediately.

Golden Operation Concept:

　　1823Multiple, stop loss1819, Objective1832-1836

　　crude oilMarket trend analysis

From a technical perspective, the rebound at the end of last night's trading session cannot be considered a reversal. The daily distribution belt is open, and the three track structure is still extending downwards. The development of each moving average is in a bearish arrangement, which is crucial at the beginning of the weekMA5Moving average resistance from111.2Move down to107.8On the front line, real-time oil prices are still operating below the Bollinger band, and the overall structure is completely bearish control. The main idea is to treat it as bearish.4The operating trajectory of the Bollinger belt on the hourly market is relatively empty, and only one physical positive was received from yesterday's US market during the trading sessionKThe real-time price rebound is limited, and a good signal is that the price is running above the lower track of the Bollinger band, which can be considered as a preliminary stop down signal. On the attached indicatorsMACDThe fast and slow lines are glued together in the oversold area, with a knot golden cross signal,KDJThe random indicator is a golden cross, and there is also room for rebound in the short term. The Bollinger belt in the hour line graph starts to close, and the upper and lower rail sections are temporarily determined106.9-102.5The box is vibrating, and the short-term approach should be as close to the high and low points as possible to build a warehouse. Overall, today's market is closely watched above106.9-108.7Resistance, pay attention below102.5-101In terms of support and operation, Chen Zeqiang suggests building warehouses at high altitudes instead of short-term ones.

This article is exclusively authored by analyst Chen Zeqiang. I have always been passionate about the gold and crude oil markets. Due to the delay in online push, the above content is my personal suggestion. Due to the timeliness of online publishing, it is for reference only and at my own risk. Please indicate the source when reprinting