Song Yiyang:4.17Gold has reached another low point and started to rise. Tonight, bulls are coming again?...

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　　【goldMessage analysis

　　4month17The US dollar index rose slightly on Thursday and is currently trading on101.68Nearby, spot gold fluctuates narrowly and is currently trading at2004Nearby. Gold prices plummeted nearly last Friday40The US dollar, as Federal Reserve Director Waller delivered a hawkish speech, helped the US dollar index rebound from nearly a year low, recovering all the losses from last Thursday, and US bond yields rose to nearly two-week highs, significantly suppressing gold prices.RJO FuturesSenior Marketing StrategistDaniel PavilonisIndicating that as we enter the Federal Reserve5The quiet period before the monthly resolution may weaken the precious metal market. On this trading day, there is limited economic data. Pay attention to Richmond Fed's speech by Barkin and the market's expected changes in the Fed's future monetary policy, and pay attention to the speech of the European Central Bank's Lagarde.

Analysis of the Evening Gold Market

Spot gold last Friday（4month14At the beginning of the Asian market, the Japanese market opened slightly sideways and then rose, reaching a intraday high2047.46dollar/After the ounce, it began to fall and continued to decline during the trading session; Until the US market, despite slightly positive data released on the day, gold continued to decline, falling below the 2000 mark and breaking the intraday low1992.31dollar/Ounces, as of closing, gold has slightly rebounded from its intraday low and closed at the 2000 mark2003.43dollar/ounce.

From the technical perspective of gold, on the daily chart, gold rebounded from its previous trading day high last Friday and then fell below the moving average, recording a mid negative trend. On the daily chart, the channel is currently blocked and there is still a demand for a pullback in the short term;4On the hour, last Friday, gold briefly sideways from its high level and then fell, with intraday fluctuations and consecutive negative declines. Currently, the Bollinger Bands are in an opening period,MAThe moving average moves out of the double dead cross,KDJThe three lines of random indicators are downward, reaching overbought,MACDThe green kinetic energy column of the indicator is increasing in volume, and the fast and slow lines have a dead cross downward. Overall, gold still has a downward trend in the short term. It is recommended to focus on high altitude within the day, with many low levels as a supplement, and pay attention to the upper level2015-2020Nearby resistance, pay attention below1985-1990Nearby support, while paying attention to upward and downward breakthroughs to make changes.

Gold trading strategy: At the beginning of this week, the focus can be on selecting high and short positions. Although gold currently has a technical expectation of turning short, it is still necessary to guard against the risk of market sentiment disturbance. proposal2010-2015Area empty, rebound to2020Short position filling, target2003-1995Nearby. Lower fall to1988Multiple nearby participants. If rebound occurs2032Above, it proves that the bottom has been reached, and we will continue to see it break through historical highs. Besides, I've been hovering around2020Below, it is treated as oscillation,2000Breaking through the checkpoint1990Nearby, so technically it still depends on the need for adjustment, continuation, and repair.

Eveningcrude oilMarket Analysis

The European Commission's member in charge of financial affairs stated that the EU has previously implemented measures against Russia10A new round of sanctions will be implemented next, and it is stated that Russia must ensure that there is no way to avoid sanctions, which will support oil prices. On the supply side, recent economic forecast data released by the Russian Ministry of Economic Development shows that Russia's oil and gas exports will actually decline this year6.7%; On the demand side, the International Energy Agency announced last Friday（4month14According to the monthly report of Japan, global oil demand will increase this year20010000 barrels/Day, reaching a record breaking level1.019Billion barrels/On both sides of supply and demand, there are significant positive factors, and there is still an opportunity for oil prices to rise. However, the recent expectation of the Federal Reserve raising interest rates has increased, coupled with poor US manufacturing data, investors should be wary of the risk of oil price correction.

Technical aspect: On the weekly chart, last week closed with a small bullish candlestick, indicating that short-term bulls are relatively strong. In terms of indicators, the market is still in a good state62Below the daily moving average, there is still some pressure above it. Follow above within the day83.31Under pressure from the US dollar, follow below80One line support for the US dollar. In terms of operational strategy, callback and long trading are the main focus, for reference81.5Long, target83, Defense81

Author/Song Yiyang

(Note: The above article was written by the team of Song Yiyang. Please indicate the source when reprinted. It is a warm reminder that there are risks in investment and caution should be taken when entering the market. The article has a lag, and due to differences in platform locations and delays in online publishing, the above analysis does not provide specific entry points. Operational suggestions are for reference only. Please do your own risk control.)