Jin Shenghongguang: Where will gold go when the Federal Reserve raises interest rates?

The simpler the person, the more peaceful the transaction. Many times, I would rather be killed in battle against the tide than reflect on myself. A drop of ink can stain a glass of water, but it is difficult to muddy a river because a generous heart can accommodate it;In one sentence, it can ruin a temporary mood and make it difficult to determine a person's life, because fate is in one's own hands;An accident can make one's footsteps heavy and difficult to erode the persistent pursuit, because they are alive and strong!

This week, the Federal Reserve and the Bank of Japan are worth paying close attention to. Currently, the market is generally expected to announce a rate hike by the Federal Reserve, which has a certain bearish impact on the trend of precious metal prices. SpotgoldThe recent trend has been continuously declining, and currently1260The market is waiting for the Federal Reserve's interest rate hike as it fluctuates above.

Federal Reserve6Monthly interest rate hikes have long been circulating in the market, and the recent decline in gold prices has also led to the early digestion of expectations for rate hikes. Whether or not the rate hike is done this time has little impact on gold prices, and probably no matter what the Federal Reserve says, it will only bring greater benefits to gold, as gold has not truly entered other markets. So, how to judge the "love hate" relationship between interest rate hikes and gold prices?

Gold Market Analysis

Gold dipped in the Asian session yesterday1262Post rebound1266Regional fluctuations, the US market1266The region started to decline and broke down1260Support and touch1259Nearby, did not stand firm and rebounded to1269Shake back and close1266.5Nearby, currently trading at1266.5Nearby, short-term gold remains a main bearish direction, with a key focus on the US interest rate resolution. The natural decline of gold is mainly due to the US dollar's increase in Asian interest rates, while short-term gold is mainly subject to fluctuations and downward movements, with the focus on the upside1270-1273Supported by a rebound in operation, with low to high as a supplement

Recommendations for Gold Operations

Unbreakable1270-1272Near empty, stop loss4, Objective1260

Below1260-1258Nearby, stop loss4, Objective1270

crude oilquotations analysis

Crude oil opened yesterday46.00The US dollar fluctuated upwards, and the Asian market was hindered by46.41One line, stepped down46Breaking contact45.65The US market fluctuated upwards46.46Nearby slight drop, explore up46.57Nearby oscillation, closing at46.46Jump low this morning45.94, now trading in46Nearby oscillations have formed a downward trend in the hourly level chart, with demand continuing to decline. Follow Below45.5First line support, pay attention to the top from above46.7-47Resistance, today's focus is on the evening22.30crude oilEIAIn terms of data and operation, it is recommended to focus on rebounding short, supplemented by low high

Recommendations for crude oil operations

Above46.5Near empty, stop loss47Above, target45.5

Below45.5Nearby, stop loss45, Objective46.5

Today's Focus22.30crude oilEIAdata

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The above article was exclusively compiled by Jin Shenghongguang and is not easy to write. Please do not plagiarize. The department content is excerpted from online resources, and the article content is for reference only. Investment is risky and entry into the market should be cautious. Please indicate the reason for reprinting