Chen Jiazhe-How to operate the evening market of gold and crude oil today,Gold short order and crude oil long order...

When you see this article, I already understand that you are currently facing difficulties. First of all, Chen Jiazhe wants to make one point. It is a fate that you can see my article among millions of analysts. Since it is a fate, I hope to maintain it, find me, and communicate with me. So, the difficulties you are currently facing may be just one of the many examples that Chen Jiazhe has seen since becoming an analyst, So you can share all the problems you encounter with me, which not only allows you to learn more knowledge from me, but also to understand more principles. You can even continue to survive and make profits in this unpredictable market. Of course, you are currently continuously losing money, so you should ask yourself in your heart where the problem lies, or do you say that I lack a teacher who has a good understanding of myself? So I think as long as you carefully read Chen Jiazhe's article, you will definitely gain something and seize a straw in the current predicament.

　　goldMessage analysis: Friday(7month29day)In the Asian market, spot gold experienced a short-term sharp rise, and gold prices are approaching important resistance1760dollar/Ounces. The US dollar index continues its downward trend in the Asian market and is currently approaching106.00Gateway. The weakening of the US dollar stimulates the rise of gold prices. At present, the short-term bullish signal has strengthened, and gold prices are expected to continue to fluctuate and rise. Focus on the United States this trading day6Monthly CorePCEData, which is the Federal Reserve's most important inflation indicator, is currently expected to remain stable in the market5month4.7%Last year, too11If the low point since the beginning of the month meets or falls short of expectations, it may slightly lower the expectation of the Federal Reserve's aggressive interest rate hike. But if it is stronger than expected, it may slightly drag down the performance of gold prices. However, the market expects the United States6monthPCEWill increase year-on-year6.8%Expected to refresh near40At the peak of the year, we need to be vigilant.

On the one hand, the less aggressive tone of the speech by Federal Reserve Chairman Powell has driven up gold prices. On the other hand, as the US economy shrinks and US bond yields continue to decline, the US dollar has fallen to a new low of over three weeks, further boosting the safe haven appeal of gold. Data shows that the US economy unexpectedly shrank in the second quarter, with consumer spending growing at its slowest pace in two years and corporate spending declining, which may raise concerns in the market that the economy has fallen into recession. Analysts have indicated that in theGDPAfter data confirmed concerns about an economic recession, traders expected the pace of the Federal Reserve's interest rate hike to slow down, thereby boosting appetite for gold. Chen Jiazhe believes that inflation will not end with the Federal Reserve's interest rate hike. Considering the downward trend of gold, it is now at an attractive level, providing opportunities for investors seeking to diversify their investment portfolios.

Technical analysis of gold: Gold rebounded further and closed positive on the daily chart yesterday, with a double positive streak. Yesterday was a breakthrough in the previous day's breakthrough volume, breaking through the previous day's breakthrough1739Short termAWave high points, forming small periodsABCThe waves rebounded and extended. Further rebound after breaking through for the first time yesterday is the norm. And the rebound space of the Asian disk is small, which is1733.80A stable start on the first line refers to the low point of the retest at the end of Wednesday evening. After two backpedals, hold on and further push up yesterday to1758High, once again breaking through the second highest point of the steps1752.Today's weekly closing work, due to the closing of the daily chart and the wave shaped space of small cycles, is expected to continue today.

Gold4The hour chart is currently inCAmidst the rebound of the waves,AWave low point1680Make a wave of rebound,BWave low point1711Make it a rising point, this level is the critical point for the bullish rebound, extending above this level and breaking through1752It's the second highest point, breaking the previous record4The weak decline at the hourly level has driven the gold cross upwards with the current moving average indicator,KThe short-term bullish trend in the line form, combined with the correction of the small bearish trend, is currently breaking through. However, the short-term trend is still relatively strong, and the space for retracement is slightly limited. For the small cycle form and small level bullish trend, horizontal consolidation is used instead of rebound. Combining the low point of the daily chart with the low point of the previous day1738-1736It is today's critical point, above which we will continue to be bullish in the short term, with a breakthrough point1748-1746Convert to support. Slightly retreat1750-1746Short term bullish trading can be done separately in different areas1765-1770. In summary, in terms of today's gold trading strategy, Wenbo suggests a pullback and a long position as the main strategy, supplemented by a rebound and short position, with short-term attention from the upper level1775-1780Frontline resistance, short-term focus below1752-1747Frontline support.

Author's message:

The answer to all questions is never unique and unchanging. Whether the market is going up or down, you cannot control it yourself. Only by keeping up with the pulse of the market can you avoid being eliminated. The market cannot always go up or down, and what is certain is that it will always go right. Risk is an objective, inevitable, and under certain conditions, it also has certain regularity, so we should pay more attention to risk control in operation.

This article is provided by Chen Jiazhe. I interpret the world economic news, analyze the global investment trends, andcrude oilWe have conducted in-depth research on commodities such as gold, silver, etc. The above content is my personal suggestion. Due to the timeliness of online publications, it is for reference only and at our own risk. Please indicate the source for reprinting.