Last week, the gold price was a big shock market, and the shock rose at the beginning of the week; on Wednesday, there was a lot of strength, and the highest impact was in the 1366 area. On Thursday, it fell, and the daily line closed at the mid-yin line; on the last trading day, the market rebounded steadily at 1333 on Friday, and the daily line received a small Yang line! A small Yangxian with a long upper shadow is charged on the weekly line, with a certain lower shadow!
Last Saturday, there was no peace in the world. The United States, Britain and France bypassed the United Nations and directly attacked Syria. Russia regarded this as a violation of sovereign states, while European and American countries and Japan supported the use of force, and the international community began to split into camps! The news is facing gold as a safe-haven support, and it is optimistic that the bulls will continue to rebound; however, the gold price opened flat in early trading today, and after the opening, it moved sideways and vibrated. It seems that the news has little impact! From the perspective of the disk, the weekly closing line is at 1344, and the upper shadow line is more than 20 US dollars; 1366 US dollars can break up and form a puncture against the strong pressure of 1357, and the weekly line is mainly short. From the perspective of the daily line, from Monday to Thursday, the whole trend was higher and lower, and the decline was large, and the shorts were strong; but on Friday, it stopped falling and stabilized in the 1333 area and ushered in a rebound. The highest intraday line was 1347, and the daily line closed with a small Yang line. This constitutes a certain support for short-term bulls, and a rebound is expected at the beginning of the week!
The fundamentals support the price of gold, and the rise cannot be prevented unless the situation cools down. At that time, the probability of the situation cooling down was close to 0; so it is optimistic that the bulls will rise further! From a technical point of view, 1340 is the intraday support. Last Friday, the high point in Asia and Europe, after the US market broke above, it has formed a reverse support; although it opened flat in early trading today, the retracement of 1340 and then stabilized, which will all be bullish. Constitute support; the focus at that time was the 1333 area support, the low support for two trading days! Therefore, it is optimistic that the bulls of the gold price will go up; In terms of operation, before the international situation cools down, the main thing is to do more on dips; the following day below 1338-39 is a loss, and the target is to see 1350-55 and further above 1360! In case of loss, the retracement below 1336-34 can still be long, the stop loss is 1331, and the direction remains unchanged; for short orders, break 1333 to enter the short order or pull up the 1360 line and find a position above to participate.
crude
Last week, crude oil was a bullish carnival, which was a direct rise, and the week ended with a big Yang line. The big rise last week was mainly due to the news of Saudi Arabia's improvement in crude oil export prices, followed by the tension in Syria. Crude oil rose first and then fell back after opening in early trading today. In less than 3 hours, the market has reached 1 US dollar, and it was running below 67.0!
Fundamentally, from the perspective of the international situation, it supports the crude oil bulls; technically, after the sharp rise last week, the bulls continue to see this week. However, after the opening bell today, it was slightly weak, and it was directly adjusted by 1 US dollar at the high point of last Friday's 67.70 area; therefore, it is necessary to remain cautious while bullish! In terms of support, today's key point is to pay attention to the support of the 66.0 area below, which is a sign of bulls' strength. Once the market breaks below, it will become more difficult to rise, and it is expected to fall! If it is above, the 67.70/80 area is already the intraday pressure. If it breaks above it, it will continue to rise, and it will not break high and shake! Pay attention to the intraday support of 66.60 first line! It is recommended to break below 66.0 to stop losses and make long positions. The direction is to look at 67.50-70. If it breaks above, you can add positions to make long positions; if it breaks below the 66.0 area at any time, no long orders will be operated within the day.