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As the U.S. index fell, the price of gold continued to rise, after the new U.S. Treasury Secretary Mnuchin said on Thursday that Trump Gold prices have already begun to surge after President Trump's administration will not rush to implement fiscal reforms, thus breaking the resistance level of the dollar per ounce that has been maintained for more than a week. The heavy selling of the dollar has caused the prices of commodities such as gold and silver to move higher in dollar terms. , investors lowered their expectations for the Federal Reserve to raise interest rates, and U.S. Treasury yields also fell. Yishang is selling crude oil inventories on tankers off Malaysia, Singapore and Indonesia, a sign that OPEC-led production cuts are starting to have an effect on lowering inventory levels. In the short term, these releases of crude oil inventories from tankers will weigh on the market and undermine OPEC's goal of balancing the market by mid-year. In the long term, reducing crude oil inventories on tankers is part of OPEC's goal of reducing production to balance the oil market. Inventories are expected to continue to decline due to reduced OPEC production and strong demand growth.
Gold
On Friday, gold opened at .USD/oz and closed at .USD/oz. The highest hit was .USD/oz and the lowest was .USD/oz. The gold market in Asia was relatively light, and the gold price It fluctuated back and forth within the range, hovering around the hourly five-day moving average. The gold bulls in the European market gradually strengthened. The gold price relied on the pass as support, and went higher all the way to set a new annual high again. In the evening, gold continued the bullish trend, and the gold price rose in a band. When it hit the pass, it was affected. The short sellers suppressed the market strongly, and the price of gold fell instantly, testing downwards. It rebounded from the low point, and the price of gold hovered around the early morning of Saturday. The daily level Bollinger Bands are running open, the line is running on the upper track of the Bollinger Bands, the double lines are running golden crosses above the zero axis, the green energy column is shrinking, and the three-line turning heads are diverging upwards. Today we focus on the breakthrough of the resistance level.
Operation idea: Gold price pulls back to / go long, stop loss 1 pip, target to see breakthrough move up to nearby. If the gold price is blocked nearby, you can go short at /, and the target will move down to nearby.
Silver
On Friday, silver opened at .USD/oz and closed at .USD/oz, with the highest hitting .USD/oz and the lowest hitting .USD/oz. The intraday trend of silver was basically in sync with gold, and the Asian market Silver is basically trading sideways, with the overall volatility not exceeding .USD. The silver bulls in the European market are coming fiercely, and the silver price band has risen to a new yearly high. The hourly moving averages are arranged by bulls. In the evening, silver is singing all the way, and the silver price has hit new highs repeatedly. On Saturday It touched in the early morning. The high point fell slightly. The daily level Bollinger Bands are running open, the line is running on the upper track of the Bollinger Bands, the double lines are running crosswise above the zero axis, the green energy column is increasing, and the three-line turning heads are spreading upward. Today, we will focus on the breakthrough of the resistance level.
Operation idea: Silver price pulls back to . Go long, stop loss . If the silver price is blocked near ., you can go short at . If the target is broken, move down to near .
Crude oil
On Friday, crude oil opened at .USD/barrel and closed at .USD/barrel, with the highest hitting .USD/barrel and the lowest hitting .USD/barrel. After the previous oil price surged and plunged, Asian crude oil prices basically maintained a volatile pattern. Oil prices did not fluctuate much, and they were tested several times. Resistance levels were suppressed. In the afternoon, crude oil bulls gradually weakened. Oil prices fluctuated downwards, and the European market fell below the mark. , crude oil continued its short trend in the evening, and oil prices plunged again, rebounding after testing the low. US oil prices struggled to support near the resistance level, but ultimately failed to stabilize. Oil prices fell back to near the mark in the early hours of Saturday morning. The daily level Bollinger Bands are running open, the line is running on the upper track of the Bollinger Bands, the double lines are running golden crosses above the zero axis, the red energy column is increasing, and the three-line turning heads are spreading upward. Today, we will focus on the breakthrough of the resistance level.
Operation strategy: Oil price rebounds to . Short, stop loss. USD, target is broken. Move down to . If oil prices stand firm and support, you can go long at. The target is to see a breakthrough. Move up to near.