Zhang Huaxin: Is gold bottoming or continuing to decline today? Crude Oil Callback Long

Monday（7month3Day)7The first trading day of a month, following6The monthly gold price was once set by3After the first monthly decline since the beginning of the month, global gold prices have continued to decline, as the US dollar has stabilized and rebounded after a significant decline last week, and signs of a rise in the US stock market have made safe havengoldUnder pressure. So far, gold prices have fallen to their lowest point1218.4dollar/ounce.

International gold opened yesterday morning at1241On the first line, after a slight upward trend, it immediately began to fluctuate downward, without providing an opportunity for a rebound. The entire white disk is maintaining a fluctuating downward trend1230Direct breakthrough after minor obstruction on the front line1230With strong support from the US market, gold has once again declined and has now reached a new low point1220frontline.

From a monthly perspective, the gold price recorded last month2017For the first time since the beginning of the year, the monthly decline has increased the long-term downside risk of gold prices. However, the moving average is still stuck, and there are still multiple supports below. More signals are needed to confirm whether to restart the long-term decline. Follow Above5Monthly moving average1253.37Nearby resistance, if the position is not regained, the gold price is expected to decline5Monthly low point1214Nearby support, further supported on3Monthly low point1195Around the US dollar. From a weekly perspective, the gold price drops below the moving average after it bonds, and there is a risk of the moving average becoming a dead cross again,KDJDead fork operation,MACDThe golden fork signal has been destroyed and re formed into a dead fork, increasing the risk of the midline going down. Please pay attention100Weekly moving average1219.05Nearby support, further support respectively1214.30；1195.03；1180.55Nearby; Follow Above5Weekly moving average1251.74Nearby resistance, only by regaining this position can downward risks be alleviated. In terms of operation, it is recommended to prioritize high altitude and supplement low altitude.

Gold order strategy:

　　1、1227Short on the front line, stop loss4US dollars, look at the target1218frontline;

　　2、1216Long on the front line, stop loss4USD, target1225Near.

　　3More strategies, solutions, and order calls, author WeChat:zh237lj  Official account: Zhang Huaxin

　　crude oilThe continuous increase in production has led to a recent sustained decline in oil prices, with weekly gains continuing to increase2016year2Month to date, third time below weekKUnder the line, every deep pullback is accompanied by a strong rebound, the first time from32Up to52USD, second time from44Up to52Can this downward trend in the US dollar bring about a strong rebound? After hitting the Bollinger low track, it has already begun to show a rebound trend. OPEC representative members have rejected Iran's oil minister, Zangane,'s proposal to further reduce production. As the number of drilling wells continues to increase, US crude oil production continues to rise, and the rebound in oil prices is facing some resistance. However, the daily line has closed positive for five consecutive days, forming a clear stabilizing trend. Last week'seiaThe data shows a bearish trend, but the domestic crude oil production in the United States has recorded a decline, and the problem of oversupply has been resolved to some extent, supporting the rise in oil prices. Analysis cannot be solely based on data, but requires comprehensive analysis. Everyone needs to pay more attention to the supply and demand relationship and the balance of the oil market. Yesterday recorded another rise, following from above in the morning47.2Resistance, pay attention below46.5-46.0Support, it is recommended to call back and take a long position in daily operations.

Suggestions for crude oil operation:

　　1Callback to46.5-46.4Long, stop loss0.3US dollars, look at the target47.2-47.4dollar