Translated by Panshijia: 7.31Trump boosts gold prices, but caution is still needed in the future for gold and crude oil

To cultivate a good investment and speculative mentality, and to improve one's overall quality, one should learn to analyze the opportunities they are good at seizing, and use their strengths to attack their weaknesses. If there is an opportunity, make a profit; if there is no opportunity, wait and see. If you are not sure who you are and what you are doing in the spot market, don't act rashly. It is best to stay away from the spot market, because swimming with crocodiles carries risks. If you are making money, you need to be cautious. You must work hard to appear effortless, and hard work will never disappoint!


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This Friday will usher in another round of non-agricultural data, once a month, both love and hate. Love brings not necessarily speed and passion, hate every time someone says that the data is fake and cannot be read. Last month onADPDespite the good performance of the initial unemployment benefits, employment suddenly fell to the floor. Where did Americans go when they didn't work? Recently, bulls have swept the entire market, whether it isgoldstillcrude oil, it's not over yet.


Some people think that this rise is sudden, but it's actually quite normal6After the monthly interest rate hike, it will decline to1210At the bottom, Sega suggested entering the midline and placing more orders. The recent poor performance of the US economic data has raised doubts about the Federal Reserve's further interest rate hikes this year, and the US index has also fallen incessantly, even falling to a new low in over a year93.15And the "Russia Gate" incident by US President Trump is also constantly fermenting, with South Korea stating that it will continue to deploy the remaining4The launch of the THAAD anti missile system and the escalation of tensions on the Korean Peninsula are all reasons that support the continuous rise of gold. And this week will usher in Super Week again, during which we will welcome the official manufacturing industry in ChinaPMIData, EurozoneCPI、GDPUnemployment rate, United StatesPCEPrice indexADPMassive heavyweight data such as employment data and non-farm employment reports, as well as heavyweight events such as Bank of England and Reserve Bank of Australia resolutions, are likely to trigger another storm.


North Korea successfully tests missiles——
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At present, the situation in North Korea is becoming increasingly tense, as evidenced by the frequent missile tests conducted by North Korea within the month, Kim Jong un's nuclear ambitions are unstoppable. The resurgence of the North Korean nuclear crisis has put pressure on the United States. As early as the beginning of the month, US President Trump stated that he was considering using very harsh measures to strike North Korea, exacerbating global tensions.


Previously, the United States had speculated that North Korea would also7month28The Japanese test fired their second intercontinental missile, and as expected, North Korea28Successful missile tests were conducted in the evening, but late night tests are also rare. Global risk aversion sentiment surged sharply, with gold prices soaring at one point that night, rebounding significantly and rising again to1270Gateway.


Translated by Panshi Family.One-on-one guidance on market strategy (official WeChat account):OL0080


Gold trend analysis


After the opening of today's gold market, it opened higher in the short term1270dollarA pullback is a signal of a high level oscillation and a decline. And last Friday during tradingGold PriceShort term surge, gold prices are expected to continue their upward trend in the short term. Today is7The end of the lunar calendar, coupled with Monday, reminds you to be cautious of black swans!FundamentalsOn Monday today, there were no significant data releases, with a focus on the trend of the US dollar and the situation on the Korean Peninsula. From a technical analysis and daily chart perspective, the overall presentation of goldVThe trend of type reversal,KThe overall trend of the line shows a bullish arrangement, and the upward trend has been continuing,5The daily moving average continues to rise, forming strong support below, as shown in the attached indicatorsMACDBulls continue to increase their trading volume, while looking at the four hour chart,KThe line continues to oscillate upwards,5The daily moving average crosses the moving average system,MACDThe red energy pillar continues to increase in volume, and from the current technical perspective, the support position of gold prices is focused on1265The vicinity of the US dollar is not only a high hit during the week, but also on the four hour chartMA5The support position of the daily moving average.Short term support position focus1265On the front line, Shijia teacher suggests going long with a pullback, but still needs to pay attention to the strength of bearish pullbacks.


Gold trading strategy：Step back1265Buy long nearby and strictly stop loss at4USD, target1270-75, take a break to see1280；


Analysis of crude oil trend


The crude oil weekly closed with a bullish candlestick, and the bullish forces were strong. From the daily chart, since45.3Since the first line of support, crude oil has been exploring all the way, with strong bullish forces. The downward trend line of the daily chart has been broken, and the short-term trend will continue to rise; from4From the hourly chart, the bullish trend remains unchanged. From the Bollinger Bands,kThe line is running on the upper track of the Bollinger Bands, with the Bollinger Bands contracting upwards. It is expected that the short term will usher in a major market trend. From the perspective of indicators, all are currently at high levels, with indicators being passive and following the trend, with a focus on falling and long positions1Looking at the hourly chart, the Bollinger Bands are opening upwards, while the bullish trend remains unchanged. Currently, the indicatorRSILocated at a high position,StochIndicator high dead cross,There is a short-term pullback, and after the pullback stabilizes, it will continue to rise. Please pay attention to the upper level50.3Frontline suppression, following below49.1On the front line support, during the day's operation, Teacher Shijia suggested a pullback and a long position.


Crude oil trading strategy：Fallback49.5Going long nearby, Strict stop loss0.4dollar, target50.3；


Investment is not speculation, so it is important to avoid being impatient and not chasing gains or losses. Investment is a long-term process, in which there will inevitably be gains and losses, but one must maintain a good mindset,


writing//Translated by Panshi Family.(Official WeChat):OL0080