Chu Moyu:7.31Market opening is auspicious, early evaluation of gold and crude oil trend analysis and operational suggestions

Chu Moyu:7.31Market opening is auspicious, early reviewgoldcrude oilTrend analysis and operational suggestions


Message: The change in a person's life begins with another person leaving or entering their own life. In fact, the process of investment is like a cup of unsweetened coffee, which tastes bitter but has a lingering fragrance that will not fade after a long time. Don't fantasize about every transaction always being round and fulfilling. Profit and loss need to be balanced, and gains and losses also need to be felt. Investing in the market is like traveling, always in a hurry, with so much confusion and confusion. Only by calming down can we dispel the clouds and mist shrouded in front of us; Quietly savoring a cup of tea, I realized that there were many opportunities right in front of me.
                  
——Market Review——


Gold from1205The bottom has reversed, and last week the overall trend of the European market showed a volatile upward trend, until gold in the US market began to stretch strongly, and the weekly line closed with a large bullish line, continuing to hit the bottom1204The upward trend is being tested on Monday1258A first-line pressure level, with a high closing cross star. On Tuesday, the US dollar index plummeted, effectively boosting gold. The gold daily closing was bearish, forming a twilight starKLine shape, test below on Wednesday10The moving average is also a small platform position in the early stage1244The front line rebounded with support, and in the evening, gold was bullish due to interest rate resolutions. The gold daily closed with a bullish candlestick, and the early daily chart was tested on Thursday1265Strong pressure level on the front line, closing with a bearish cross star on the daily chart. On Friday, gold continued its bullish trend and continued to rise, closing with a bullish candlestick.


The price of crude oil has undoubtedly become the star variety of the past week, with its rebound and increase surpassing the most dazzlingforeign exchangeThe performance of the euro. Oil prices are breaking through strongly48dollar/After the resistance of the bucket, the final weekly closing was at49.81US dollars; There was no downward adjustment at the close. Looking back at the overall trend of last week, crude oil has been bullish since the end of last Monday's OPEC and non OPEC meetings, forming a bullish situation. From the perspective of the meeting, the fundamentals are all bullish on oil prices. This means that since Monday, bullish sentiment has been on the rise, with the weekly closing in a bullish position and the daily five consecutive bullish positions forming a bullish pattern. All kinds of signs indicate that the bullish trend continues, but one thing to pay attention to now is that, It's just above55-52.8-52The resistance of the trend line on the front line, which closed just below this resistance on Friday, remains to be confirmed whether it can effectively break through.


——Analysis of Gold Trends and Operational Suggestions——


Last Friday, gold prices climbed to a six week high as lower than expected US inflation suppressed expectations of the Federal Reserve's aggressive interest rate hikes. Additionally, North Korea's launch of ballistic missiles triggered safe haven buying. The turmoil in the White House and the collapse of healthcare proposals in the early morning, coupled with Russia's response to stricter sanctions and the expulsion of hundreds of American workers, have added new geopolitical uncertainties.


The overall trend of gold last week was in a bottoming out and rebounding state, which can also be said to be a rebound in momentum. However, it has been hindered in the early days of the week1260The first line is following the path of probing the top and falling back, once stepping down to1243On the front line, fortunately, the Federal Reserve's decision to assist gold in bottoming out and rebounding broke through in an instant1260Resistance, and last Friday was hit by the United StatesGDPUnder the influence of the Chinese market, the US index could not lift its head, while the bullish gold finally lifted their brows and broke through numerous obstacles, winning in one fell swoop1270The big hurdle. From a technical perspective, last week's weekly closing was a bullish one, although there was no closing1270Above the US dollar, but still showing strong bullish momentum, and from a daily perspective, the bullish pattern is maintained. Driven by economic data and exacerbated by geopolitical crises, both factors have led to a significant rise in gold prices, resulting in optimism in the technical aspect. At the beginning of this week, the market is expected to take the lead in inertial upward momentum, with upward resistance located at1275Looking at the area, extending from high points1280Nearby, this is also the high point during last month's Federal Reserve meeting to raise interest rates. If the second touch is difficult to break through, then the pressure will come out of the pullback. On the other hand, if the strong stance stabilizes, the bulls will hit the annual high1295Just around the corner. Therefore, we conclude that there may be a short-term rebound, but after the rebound, there will be a pullback, and it is expected that the magnitude of the pullback will be limited. Morning opening1270.33, currently still in progress1270Nearby fluctuations, Mo Yu suggests that the overall trend should still be a pullback and a long position.


Golden Operation Strategy: Callback1265Nearby, stop loss1260, Objective1270-1275, hold against the limit.
           
​——Analysis of crude oil trend and operational suggestions——


Last week, crude oil rebounded to8The weekly high completely broke free from the previous downward trend. At present, the bulls are relatively strong, and Mo Yu also mentioned the impact of crude oil on Friday50The checkpoint is imminent. From a weekly perspective, the fundamentals of crude oil continued to be bullish last week, and the weekly trend closed2017The largest bullish candlestick of the year, with strong bullish forces, broke the suppression of the previous downward trend line, and is expected to reach a new high in the future; Looking at the daily chart, last week's crude oil was five consecutive bullish days, and the moving average system showed a bullish pattern, with the Bollinger Bands opening upwards,KThe line has broken through the Bollinger Bands and is moving upwards. Last week, crude oil continued to rise and continuously hit new highs above, with no significant pullback in the middle. The upward trend is very obvious, and the highest point of crude oil reached at the end of the week49.80Starting from the front line, there has been a slight decline and correction, which is far from what we expected50The Great Pass is only one step away, from4Looking at the hourly chart, the bullish trend of crude oil continuing to fluctuate and rise remains unchanged. The Bollinger Bands are beginning to shrink, and the price is on the upper track of the Bollinger Bands, indicating thatRSIThe indicator is at a high level,StochThe indicator is at a high golden cross, and there is a demand to continue to rise in the short term. Please pay attention below49.00Frontline support, breakthrough from above50After the US dollar, we can continue to look upwards. In the long run, the strong upward pressure level is located5Monthly high point52.00First line. This week's operations are mainly focused on dips and dips, supplemented by short positions.


——Crude oil operation strategy:


　　1Callback49.20Long on the front line, stop loss48.80, Objective50.30；


　　2Touching from above50.40Short on the front line, stop loss50.80, Objective49.40


　　3Above27.1-31.2touch0964I don't know how to make a single consultation with Chu Moyu


The scorching July is about to pass, withKThe jumping of the line, a new week has begun again, every day is a new beginning. We should not make excuses for yesterday's failures or leave emotions for yesterday's success. We should not be full of fear for the future. Last week has become a thing of the past, whether you made a lot of money or suffered a complete loss in last week's market situation. This does not affect our profits this week. Both success and failure have become history. This week is a big non-agricultural business, The market will become even more exciting, and the trading market will surely once again stir up financial waves. Chu Moyu will also help you embark on another journey!