Fei Yifei: Meeting minutes conceal mysteries, gold oscillations continue

　
　　
The Federal Reserve will announce this Thursday Beijing time(8month18day)before dawn2：00Publish its7month27The minutes of the Japanese monetary policy meeting are expected to receive market attention. The minutes of the Federal Reserve's monetary policy meetings have increasingly become a "policy tool", sometimes conveying information slightly different from monetary policy statements.
　　
Last Friday, due to the United States7The monthly retail data was poor, and gold prices once jumped more than1%And touch1356The US dollar rose daily, but was subsequently suppressed by profit taking and quickly took back all gains, reaching a low of1333US dollars. This Monday(8month15day)goldIn the morning trading of Yashi1337The US dollar fluctuated narrowly. Currently up to1341Nearby, this week the market will welcome the Federal Reserve7Monthly meeting minutes, expected to be for the Federal Reserve9Monthly interest rate hikes provide necessary clues. During European time, the Italian market is closed. Market economy data is relatively scarce, and market trends tend to be more in the direction provided by technology. During the New York period, we will focus on the New York Federal Reserve's manufacturing index andNAHBThe real estate market index, these two data will provide some guidance for the trend of the US dollar. In addition, Canada will also release sales data for completed housing contracts, so investors trading in Canadian dollars should be cautious. Of course, investors still focus on the trend of US stocks and oil prices to determine the direction of market sentiment.
　　
Technical analysis:
　　
Spot gold, due to the fluctuating market risk aversion sentiment, saw a more volatile trend in the US index with market expectations for interest rate hikes. The intraday trend was relatively stable, and the hourly chart showed that gold prices tended to rise in the short term, but there was strong resistance to the upward trend of gold prices, which was suppressed by the Brenda medium track. Daily level gold prices recorded a longer upward shadow line last Friday and closed below and above the Brenda medium track1360The US dollar has strong resistance. The price of gold is now approaching the upward trajectory of the cloud chart. The support below is relatively strong, but the upper bound will be supported by the benchmark and turning line. In the short to medium term, gold prices still tend to fluctuate upwards. On indicatorsMACDThe green kinetic energy column remains flat, with a double line dead cross pointing downwards,KDJThe indicators are down and have already been overbought, and there may be limited room for further upward movement in gold prices, but the medium-term risk is still upward.4HFrom a level perspective, the gold price is currently forming a converging triangle, with a medium to low short-term risk. If the future gold price continues to remain stable1338/1340Below the US dollar, even breaking down strongly1330The US dollar may reverse the short-term upward trend.
　　
Some operational suggestions for spot gold in European and American markets:
　　
　　1Below1333-35Long, stop loss4Points, target1338-1340frontline
　　
　　crude oil(Asphalt): The United States continued to support oil prices due to the sharp rise in oil prices last Friday, as expectations of frozen production continued to support oil prices. At present, there is a mild increase in intraday trading. The hourly chart shows that oil prices may slightly strengthen, while the daily level shows that oil prices still tend to rise. Strong resistance above oil prices is located46dollar/Near the barrel, there is a potential head and shoulder bottom in the daily chart, but it remains to be determined later. From the four hour chart, it can be seen that Bollinger runs with an open mouth,MACDDouble line golden cross operation, red energy column release,KDJFrom the hourly chart, it can be seen that after a stepwise decline in oil prices, they have started to rebound and rise again. The Bollinger Bands show signs of opening up, and the short-term upward trend is affected by45USD suppression, divergence of moving averages, short-term impact5Daily moving average44.5USD support,10Daily moving average44.0USD support, attached indicatorsMACDAs the golden cross rises, the red kinetic energy column begins to strengthen,KDJGolden cross up, with continued upward momentum in the short term, Fei YifeiQ-Q2930-550-190Suggest a long trading strategy with a pullback during the day;
　　
Suggestions for the operation of Ningasphalt Europe and America:
　　
　　1Above4380-4400Short on the front line, stop loss4430Look at the target below4300-4280frontline
　　
　　2Below4200-4180Long on the front line, stop loss4150On the target4260-4280frontline
　　
Today's Key Financial Data and Events
　　
　　20:30U.S.A8New York Fed Manufacturing Index for the Month
　　
　　22:00U.S.A8monthNAHBReal Estate Market Index
　　
Disclaimer: The above article was written by analyst Fei Yifei. Some news and information content is excerpted from online resources. The content of the article is for reference only and does not constitute investment advice. For more details, please consult Fei Yifeiq：2930550190Spot gold and silver ordering experience group:166，029，930Group entry verification code:FYF(Required). Investment carries risks, and investors operate accordingly at their own risk. If reprinted, please indicate the source