EFS-Bulls profit and sell out, gold declines

In the continued hawkish speeches of Federal Reserve officials, the US dollar is still moving forward as it approaches important resistance levels. If on Friday trading day, when the Chairman of the Federal Reserve of China and the United States continues to speak, it will be released3The mid month interest rate hike signal suggests that the US dollar may continue to rise. That's why yesterdaygoldAn important reason for a significant decline. Moreover, according to the adjustment of positions, it is clearly not the entry of short positions, but the reverse liquidation caused by the profit exit of long positions in the early stage has led to a downward trend in gold. So what is foreseen is that after reaching a certain position, the bulls will still take back the long orders, which is currently only defined as daily level adjustments. Below1220-1200There will be buying opportunities in this area between. There will be such a good opportunity before the mid month interest rate meeting.crude oilThe long maintained high volatility has finally loosened, so let's start short selling in the future.
Specific technical analysis:

S&P500 Daily chart    S&P in Impact2400There is a drop after the integer position, currently backed by the dynamic5The daily moving average remains a bullish pattern with no clear pattern of breaking positions. Short term can still be done long, approaching2675Going long,2665Stop loss,2400Stop profit, fixed stop loss to control risk.

Spot gold4The hourly chart showed a downward adjustment in the gold market overnight, with resistance positions above in sequence1237，1242Location, backtesting1242Short selling positions is more reliable, but the market may not necessarily provide such opportunities. Attempt to create1240Short position entry, lower limit profit at1220Nearby, fixed stop loss control risk.

Crude oil4Hour chart    In recent trading days, crude oil has finally made significant profits from short orders, showing a unilateral downward trend. Although facing trend line support above the daily chart, there is greater downward pressure52.4The idea of breaking through and chasing empty spaces can be attempted.

Hang Seng33 Daily chart    Hang Seng is in the resistance range24390-24080The effective decline has already begun, and the large bearish candlestick overnight also proves that Hang Seng's short-term head may be established. The morning opening was short and low, which can be tested23680Short entry, fixed stop loss control risk.

EFS  Analyst: Zhang Yuanyuan