Fang Yuan said Jin:8.31Will gold and crude oil rise? Analysis of the latest trend

goldTrend analysis



Gold prices turned negative on Monday as the US dollar lost momentum. Earlier in the day, gold prices briefly hit a one month low, weighed down by the Federal Reserve's suggestion last Friday that they would continue to raise interest rates significantly. Powell stated in his opening speech to the Jackson Hole Central Bank seminar in Wyoming last Friday that the Federal Reserve will raise borrowing costs to the level necessary to limit growth and maintain them at that level "for a period of time" to drive inflation back down. Currently, market participants generally expect the Federal Reserve to9Raising interest rates at monthly meetings75Basis points. Yesterday, the technical level of gold prices first declined and then rose, and the Asian session opened with a dive and a downward trend1730Below the checkpoint, there was a continuous decline in weakness and a consolidation of weakness in the afternoon1720Above the level, there was a sideways oscillation, and prices stabilized before the US market in the evening1720The level quickly bottomed out and rebounded, ultimately causing gold prices to return to their early decline1733Above, there is a strong rebound and rebound, with US market prices further rising and breaking through1740Arrival at the checkpoint1745Strong closing nearby, daykLine closing bottoms out, rebounds, fluctuates, crossesk,The overall price is1720Support and stabilization have emerged at the checkpoint, but the daykThe line is still suppressed and running on10Below the daily moving average and without fixing the negative line of last Friday's sharp decline, yesterday's rebound was only a technical resonance rebound, not a reversal. Today's upward pressure continues to focus on the early stage4Hour top to bottom conversion bit1745-47Nearby, if it hits this position during the day, it still needs to be empty again to see it fall back. The short-term support below is to focus on yesterday's rising point in the US market1725-27Nearby, the Asian and European markets can step back and explore this position to see a rebound in volatility for one more time. The overall price still maintains a long short and wide range of volatility layout, and the middle position is always more to watch and less to move, with caution in tracking orders.



Gold Operation Strategy (Short term)



　　1Suggest European and American markets to be under pressure1745-43Direct empty, stop loss1752target1732-1730



　　2Suggest callback to1725-1727Multiple, stop loss1720, Objective1738-1745


    crude oilMarket trend analysis



Yesterday, the US crude oil market continued its rising trend of Friday's rising star, with early morning trading at92.756The market will step back after the position91.996After the position, the market began to rise, and the daily line reached its highest point97After the position of the market is sorted out, the daily line is finally closed96.613The market closed with a longer shadow line that had already been removed, and after this pattern ended, the daily line broke the pressure. After this round of stepping, it continued to rise today. On the point, yesterday92.3Follow up on stop loss after multiple reduction positions93Holding, today's market situation95.5Multiple stop loss94.9, look at the goal97.Break the position to see97.9and98.7