Yu Yue on Jin:9.29Analysis of the evening market trend of gold and crude oil and suggestions for operational strategies...

　goldMessage parsing:




Thursday（9month29During the Asian session, spot gold fluctuated slightly and is currently trading in1650dollar/Near the ounce, the market continued to question the UK's economic management and global economic growth prospects. The easing effect of the Bank of England's intervention in the bond market faded, and the US dollar regained some of its losses on Wednesday, putting pressure on gold prices. However, gold prices still managed to hold onto most of the overnight gains, with the North Stream pipeline suspected of being deliberately damaged. Russia is expected to annex occupied Ukraine within a few days, and geopolitical concerns continue to provide safe haven support for gold prices. After the overnight surge, the technical aspects of gold prices have significantly improved, and there are opportunities for further rebound in the short term. However, the prospect of interest rate hikes by most central banks around the world and hawkish speeches by Federal Reserve officials still raise concerns among bulls. The rebound space of gold prices is still limited, and it is still necessary to be wary of the possibility of gold prices being hindered, falling back, or even returning to a downward trend.




Analysts said, "The yield of the US dollar and treasury bond bonds fell back, making gold out of the low position. Discussion around Russia and territorial annexation and other factors......From a hedging perspective, this may give(gold)The market brings buying Earlier, the Bank of England announced that it would buy British treasury bond bonds. The British pound reversed its decline and rebounded. The high dollar fell back, boosting the low price rebound of gold, and coordinating with the technical side's overblown rebound correction. Overall, the decline in US dollar and US bond yields is the main reason for the rebound in gold prices. After a long period of sustained rise, Wednesday's sharp decline led to some peak signals in both US dollar and US bond yields (high levels similar to the Twilight Star)KLine combination), spot gold has shown some bottoming signals (swallowing bullish)KThe combination of lines also provides safe haven support on the fundamentals due to rising concerns about the geopolitical situation, and there is still a chance for gold prices to rebound further in the short term; On this trading day, investors also need to pay attention to changes in the number of initial claims for unemployment benefits in the United States and the second quarter of the United StatesGDPAt the end of the day, pay attention to the speeches made by officials of the Federal Reserve, the European Central Bank and the Bank of England, as well as the news about the geopolitical situation.

Technical analysis of gold:


Gold rebounded and closed higher yesterday, breaking the weak decline at the beginning of the week and turning into a correction for a volatile rebound. It fell lower earlier in the day1614.50Recently low. After inertia fell, it stabilized and rebounded. Gold prices quickly rebounded due to the rebound in the US dollar, recovering from the previous day's high1642.Breaking the weak decline pattern, while continuously recovering multiple resistance during the end of the trading session, the final closing was1650Above. Daily closing with a bright sunKLine. After a consecutive negative decline on the daily line, the first close of the day was positiveKLine, one yang swallows two yin, temporarily stopping the decline and rebounding for correction in the short term, with some areas entering a volatile state. From the perspective of daily structure, the weekly and monthly closing works of today and tomorrow tend to temporarily maintain stability1610Correction for upper oscillation. Temporarily defined as a rebound rather than a reversal, we will confirm the resistance of the upper track in the oscillation range later.

　　4The low point of the hour chart has rebounded in a double positive streak, directly recovering all the losses at the beginning of the week. The trend of a quick rebound in a negative decline is that once the end of the day closes at a high level, the next day's opening is a shock correction idea, which may be accompanied by a second downward trend and a rebound, but in the short term, the initial trend is1614Above the low point, there will be a slight pull saw to stop the decline. Simultaneously constructing small-scale periodic graphsABCXiaosanlang rebound correction move. Today's short line should be a choppy walking style of stepping first and then rising.


In summary, it is recommended to focus on the short-term operation of gold today1670-1675Frontline resistance, short-term focus below1635-1630Frontline support.

Golden Operation Concept:


　　1652Empty, stop loss1660， target1640


　　crude oilLatest market analysis:



Analysis of crude oil news: Thursday（9month29During the Asia Europe period, US crude oil fluctuated in a narrow range and is currently trading in81.63dollar/Near the barrel, a significant overnight increase was held. OvernightEIAThe unexpected decline in crude oil inventory and gasoline inventory, as well as the significantly higher than expected decline in refined oil storage, provided rebound momentum for oil prices. In addition, the US dollar fell sharply on Wednesday, and European and American stock markets rebounded across the board, supporting oil prices. The North Stream pipeline is suspected of being deliberately damaged, and Russia is expected to annex occupied Ukrainian territory within a few days, exacerbating the energy crisis and geopolitical concerns in Europe. There are also some bottoming out signals in terms of technology, The short line slightly leans towards a fluctuating upward trend. It should be noted that the current market continues to question the economic management of the UK and the prospects for global economic growth. The easing effect of the Bank of England's intervention in the bond market has subsided, and the global market is still turbulent, causing bulls to be cautious and may limit the rebound space and speed of oil prices. Investors need to closely monitor changes in stock markets and market sentiment in European and American countries. On this trading day, investors also need to pay attention to changes in the number of initial claims for unemployment benefits in the United States and the second quarter of the United StatesGDPFinally, pay attention to the speeches made by officials of the Federal Reserve, the European Central Bank and the Bank of England, as well as the news about the North Stream Pipeline, the European energy crisis and the geopolitical situation.



Technical analysis of crude oil: Crude oil rebounded and closed higher yesterday, but did not break lower. Hold on76.50The low point stabilized and rebounded, recovering from the high point of decline at the beginning of the week80.20On the front line, setting a new high for the week at the same time. The final payment is due to81.30Above. Daily closing with a bright sunKFrom the closing situation of the daily line alone, it can be seen that the short-term trend has temporarily stopped falling and entered the stage of shock correction, accompanied by a step by step approach. Although the overall trend is downward, after each volume increase, it will fall into a long-term shock correction potential.4The low point of the hour chart has stabilized and formed a continuous positive rebound, with a one-step increase in volume directly hitting the first resistance point. Currently, it is close to the downward trend line, and relative to the circuitous turning point of gold, the rate of crude oil releasing rebound energy is relatively fast. Currently, it has reached the first resistance point, and the Asian stock market will first short range at the resistance point to confirm with a wave of rebound. After stabilizing, we will cooperate with the support of the backhand and temporarily stop the decline in the short term and turn into a correction cycle of volatility. Unless the daily line can regain momentum and lower again today, the short term will drag into tomorrow's weekly closing, which is also a volatile ending rhythm. As for the current situation, it is currently treated with a fluctuating approach. Overall, it is recommended to focus on the short-term operation of crude oil today, with a rebound in high altitude as a supplement, with a focus on short-term operations above84.5-85.0Frontline resistance, short-term focus below80.8-80.3Frontline support.