Yu Yue on Jin:10.14Analysis of today's market trend of gold and crude oil and the latest unwinding operation...

　　goldAnalysis of the latest market trend



Friday（10month14During the Asian session, spot gold bottomed out and rebounded, currently trading in1668Near the US dollar, overnight data shows that core inflation in the US still hit nearly40The new high of the year strengthened expectations for further aggressive interest rate hikes by the Federal Reserve, and gold prices briefly fell to1642Near the US dollar; However, the news that the UK government may reverse its tax cuts in the future will help the pound soar, thereby causing the US dollar to fall and providing an opportunity for gold prices to rebound1660Above; In addition, the US dollar index experienced long profit taking after rising, and the technical side of the US dollar faces short-term peak and further pullback risks, which is expected to provide support for gold prices. United States9The higher than expected monthly increase in consumer prices has strengthened the bet that the Federal Reserve will persist in aggressive interest rate hikes. Although the expectation of aggressive interest rate hikes by the Federal Reserve and global central banks still raises concerns for gold bulls, and a significant rebound in the stock market also suppresses the safe haven buying demand for gold. The short-term bearish signal of pushing up and falling behind gold prices on Thursday has increased, but the short-term trend of gold prices is more influenced by the trend of the US dollar. If the US dollar index further rebounds, it is expected to provide momentum for the rebound of gold prices. On the other hand, the geopolitical situation between Russia and Ukraine remains tense, and the differences between the United States and Saudi Arabia regarding production cuts have increased. It is necessary to pay attention to the support of safe haven buying and bargain hunting buying. Overall, the trend of the US dollar index has a significant impact on gold prices, with non US currencies showing signs of rebound in the short term. There is a risk of further pullback in the US dollar index in the short term, which is expected to provide opportunities for gold prices to rebound; Follow Tuesday's high point above1683.83and1700Resistance near integer level; Attention below1658and1642Two supports.



From a technical perspective, gold staged a fierce tug of war on Thursday, unable to move out of an extremely weak unilateral trend in the short term, forming a repeated and circuitous tug of war oscillation, and rebounding first1682After the first line of pressure, European and American stocks were stimulated by news and fell to a new low this week1642dollar|Ounces, rebounded again in the late trading session to recover some of the lost ground. One degree to1670upper. Final closing at1660Nearby. Daily closing Mid YinKThe line has a long shadow line. Today's weekly closing, combined with yesterday's closing, will enter a volatile ending. A neutral position with resistance above and low support below.4The hourly chart shows a single negative decline and then a single positive rebound, returning to the range at the beginning of the week. The trend is downward, but the continuity is not strong. In the short term, it will be accompanied by yesterday's repeated tug of war. In addition, the uncertainty of the news, as well as the high and retreat of the US dollar, have to some extent limited the downward space of gold. at present4Hour chart on1684-1682Construct a platform based resistance point. In the short term1684The lower part is relatively oscillatory and relatively empty, while the upper part will turn into a wide range of oscillations. The oscillation is forward, the direction is backward, and the short line is operated to determine the space based on the point position. In summary, it is recommended that gold's operational strategy for today should focus on rebounding from high altitude, supplemented by a pullback from low, with a focus on the above1685-1690Frontline resistance, short-term focus below1650-1655Frontline support.


　　crude oilRelated information:

Market risk representation,OPEC+Last week, it was announced that it will reduce its oil production target20010000 barrels/Day, the actual reduction in production is100Wanzhi11010000 barrels/Between the days. This statement has pushed up oil prices. By the end of last week, the resulting upward momentum in oil prices had lost momentum, and due to concerns about economic recession, oil prices had once again declined, which may have overshadowed the shortage problem in the oil market. Saudi Arabia will beOPECOne of the three member states that truly reduced production and announced support for Russia. Six years agoOPEC+At the time of its birth, Saudi Arabia had already done so, so it should not be surprising, but this snub seems to have shocked Washington, prompting President Biden to threaten the "consequences", whose nature has not yet been determined.

Analysis of International Crude Oil Trends:


Crude oil opened on Friday at89.206dollar/Barrel, after opening, there was a slight adjustment trend in the Asian market, and oil prices were touching88.5A rebound occurs after the first line, with a maximum of89.502dollar/The barrel hovers horizontally. From the daily trend chart, it can be seen that yesterday's low opening was volatile, and after a minor adjustment, there was a rise, reaching85.55After the level, there has been a continuous increase, which has given89.631The US dollar is under pressure, and the daily line includes a large positive line, further accommodating this Wednesday's consecutive negative pattern, with bullish bulls continuing to rise in the future. At the four hour level, the oil price is93.6After being under pressure, it went down and operated three stepped oscillatory decline zones,90.0Falling and87.9As shown in the figure, the price of oil has already reached a plateau due to yesterday's rise87.9Above, it is obvious that the bulls have already gained support. In summary, crude oil closed the week today and is likely to continue last week's bullish trend. In terms of operations today, it is considered to withdraw and lay out more orders, with the top following92.5-93.5dollar/Bucket, follow below88.5-87.9dollar/Bucket support.