CPT Markets： The bullish trend of gold remains unchanged! The tension in the Middle East may escalate further...

gold/dollar(XAUUSD)：

News event: Despite the strong performance of the United States 3 The monthly non farm employment report may hinder the Joint Executive Board (Fed) Interest rates were lowered earlier than market expectations, but gold prices still rose to historic highs. The price of gold continues to be driven by fundamental factors related to the US dollar, geopolitical risks, and physical demand. Focus on data, USA 3 The monthly non agricultural employment data exceeded expectations, and 2 Monthly data exceeded expectations, resulting in an increase in new employment 303,000 People.

Technical analysis: Gold is still bullish, but the Asian session opened lower. Therefore, the focus for the day is on whether there is an opportunity for a reversal of the structure, in order to create opportunities for short selling.

Resistance level: 2304.85 support level: 2267.58

crude oilPrice difference contract(WTI)：

News events: The escalation of tensions in Eastern Europe and the Middle East has intensified concerns about oil supply risks. This week, Ukraine The drone attack on Russian refineries has triggered an upward risk of declining oil production, leading to geopolitical tensions The situation in Zhang has escalated again. US President Biden criticized Ukraine's attack on Russia's oil infrastructure as it could have serious consequences for global oil prices. In the Middle East, Israeli military airstrikes on the Iranian Embassy in Damascus have resulted in the death of senior Iranian commanders, deepening concerns about Iran's direct involvement in the Gaza War. The geopolitical tension has disrupted the supply chain, leading to an increase in the prices of various raw materials.

Technical analysis: Crude oil fell after the opening of the Asian session this week, so today we will focus on whether there is an opportunity for a market structure transition to further test the key pressure line of the weekly chart.

Resistance level: 86.15 support level: 80.32

CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.