He Hongsheng: Friday2.17What do you think of the bullish gold and crude oil market?

Message: This Friday(2month17day)In the Asian market, spotgoldContinuously showing a downward trend, with gold prices currently reporting1825dollar/Around ounces. The US dollar rose sharply as there were more signs that inflation in the United States was slowing slower than expected. The dollar was supported by strong US Treasury yields and falling stock markets. The US dollar index continued to rise in the Asian market on Friday, and the index is now reporting104.20Near. Because of the United StatesPPIThe data exceeded expectations and the number of initial jobless claims unexpectedly declined, suggesting that the Federal Reserve may need to maintain interest rate hikes for a period of time to lower inflation. The US dollar index hit a six-week high on Thursday104.24。 The rise of the US dollar index continues to put pressure on the weak gold price.

Latest operating suggestions for gold:

Analysis of Gold News: Friday(2month17day)In early European trading, the US dollar index expanded its gains, and the index is currently reporting104.48, refresh1month6The highest level since the beginning of the day, with a significant increase of nearly50Point. Spot gold continues to decline in the short term, and gold prices are approaching1818dollar/At the ounce level, the market fell sharply within the day17USD. At the beginning of the month in the United States1After strong non farm data for the month, the United States released this week1monthCPIData, retail sales data, andPPIThe data has shown strong performance, continuously strengthening the expectations of the Federal Reserve's further interest rate hikes and maintaining high interest rates for a longer period of time in the future. The expectation of a rate cut within the year has disappeared, and Federal Reserve officials have also made hawkish speeches. The US dollar and US bond yields have continuously set new highs in nearly six weeks, and the morale of bullish bullish bullish bullion gold has been very depressed. The technical bearish signal continues, and the market is facing a downward trend in the future1800The risk of support near the checkpoint. Analysts pointed out that the rise in US interest rates and bond yields increased the opportunity cost of holding non yield gold.

Technical analysis of gold: From the perspective of daily structure, yesterday's gold market showed a short-term long short divergence, with gold prices showing a repeated trend of first falling, then rebounding, and then falling throughout the daykA positive cross star on the line, reaching the lowest point1827Around the US dollar. Although short-term bullish and bearish positions indicate divergence, the market is generally under great pressure from bearish positions. In terms of daily and weekly technical forms, gold prices are still in the period of top decline after the previous wave of continuous rise. Daily period local to1872A series of spindle lines recorded nearby showed oscillations, with a dome shape initially appearing. Now, small solid lines and spindle lines have been recorded again showing oscillations and downward movements, and the downward trend can still be seen in the future.

Currently4Hour cycle local recurrence1845A twilight star pattern was recorded nearby, and a reversal pattern was recorded near the resistance level. Subsequently, a positive line touched the mid track, but currently a bearish swallow pattern is brewing with a negative line and the market is still in a1Below the moving average of the hourly cycle, the market can still see a downward trend in the future. After the opening of the Asian market today, gold prices have slightly declined and market confidence is fragile. Due to yesterday'sPPIThe data further supports the Federal Reserve's hawkish stance, with officials expressing the need for further interest rate hikes. The market is generally under bearish pressure, and if the US dollar index accelerates to rise today, gold prices may once again face a concentrated selling blow, falling below1800USD. Overall, in terms of the short-term operation strategy for today's gold market, He Hongsheng suggests that the main focus should be on rebounding and short selling, supplemented by a pullback and long selling, with a focus on short-term trading above1840-1855Frontline resistance, short-term focus below1815-1810One line of support, breaking the thousand eight position can take advantage of the trend to short. Operate based on real-time market conditions;(At the end of the article, you can follow the author's "He Hongsheng" for daily latest market operation guidance and analysis
　　
　　crude oilLatest trend analysis:

In terms of crude oil, there is currently little to say about the fundamentals. The positive factor is that the ongoing war between Russia and Ukraine has triggered mutual sanctions and countermeasures between Western countries and the Russian side. Russia expects to reduce its holdings, while the negative factor is that the United States continues to release reserves, resulting in significant short-term inventory pressure. Currently, the market will absorb more inventory pressure, and the trend is also repeatedly rising and falling. Last trading day, crude oil started trading from78.4Nearby, the rebound bounced back to79.5The front line started to fall as scheduled, stepping back78Secondary backdraft after nearby79.2Nearby, it fell back to78Below, the short-term trend remains repetitive, while maintaining a rebound and short selling mentality in operation.

Operation suggestion: rebound79Nearby air, defense79.8Look78-77frontline. Real time market prices are provided, please keep an eye on the strategy for continuous updates.

This article is exclusively contributed by He Hongsheng. I interpret world economic news, analyze global investment trends, and conduct in-depth research on commodities such as crude oil, gold, and others. Due to the delay in online push, the above content is personal advice. Due to the timeliness of online posts, it is for reference only and at my own risk. Please indicate the source when reprinting.

The author of this article is He Hongsheng