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Gold and silver futures prices closed lower on Thursday mainly due to the hawkish speech of European Central Bank President Draghi. Gold fell for the eighth consecutive trading day. The reason is that the European Central Bank's concerns about the risk of deflation have weakened. At the same time, investors are awaiting the Federal Reserve's monetary policy meeting next week, where the bank is expected to raise interest rates. The market is now focusing on the non-farm payrolls report in the evening. Judging from the price of gold once breaking the US dollar mark in the morning, it is not ruled out that a large number of short orders have gathered on the sidelines.
Crude oil trend analysis
Judging from the daily line, crude oil has been rising weakly since the opening of this week on Monday. After the adjustment on Monday, the downward line is currently located near the five-day moving average. Short-term market indicators maintain weak development, and the daily line remains bearish. The two consecutive negative columns on the chart demonstrate the strength of the short-sellers. The periodic market indicators are arranged in a short position and the Bollinger Bands shrink. Short-term market indicators also tend to be bearish when the upward potential is insufficient. We have been maintaining a short position on crude oil prices recently. We can see that yesterday's decline once again proves the accuracy of our direction. The technical weakness will also develop high short selling orders and bearish trading. In addition, factors such as the strengthening of the U.S. dollar have put pressure on crude oil prices. It is expected that the crude oil barrier will break. Teacher Xinda advises friends who still have long orders at high levels to reduce their positions on rallies. The decline in crude oil continues.
Crude oil operation strategy
, It is recommended to go short and stop loss. Target.
, It is recommended to go long and stop loss. Target.
Gold trend analysis
Although the current gold price seems The mid- to long-term decline has been restarted, but from the past, the gold price has fallen by up to .[%] in the month, while the gold price has fallen by .[%] in the year. The difference is about .[%] relative to the closing price of the previous month. The US dollar is still up to .[%]. Compared with the current price, even if the year records the largest monthly decline in recent years, it may fall to around the US dollar. From this perspective, it is expected that it will be difficult for gold prices to effectively fall below the important support near the monthly low of the US dollar. In terms of operation, Mr. Jun Hao still hopes that everyone will focus on the high altitude. If you can stand firm at the top today, you can start to place long orders.
Spot gold operation strategy
, Suggestion - you can place a short order target and look in the direction if the position is broken, you can get a stop loss and place it -
, it is recommended to go long at the current price near the stop loss target
Silver Market Analysis
Silver had an almost unilateral decline yesterday. Yesterday, silver opened in the morning at. The first line opened and the market rose slightly, but the upper line touched the. From the technical point of view, the daily chart has been negative for three consecutive days and the trend has reversed. It is expected that the short trend will continue, so the overall idea is still to focus on rebounding and shorting.
Silver operation strategy
, silver below to. First-line long entry stop loss. USD target. First line
, silver above to. first-line short entry stop. USD target. Nearby< br/>