The troops will take the lead before they move their food and grass. Make preparations in advance. Only by planning ahead can you plan ahead and at least be invincible! This is true for work and life, and even more so for trading. When will you make market analysis and possible market predictions in advance, you won’t be panicked if you encounter any market!
On Monday, the market fundamentals are relatively light, and they are more in digesting last week's interest rate resolution and non-agricultural data, thereby digesting some possible impacts in the future. Judging from the current signals released by the Federal Reserve , the short-term radical interest rate hike has gradually come to an end, but the ultimate interest rate hike target is still unswerving. The unexpected rise in the unemployment rate has sounded the alarm for the market again. In addition, the US mid-term election starts every day, the competition between the two parties has undoubtedly brought uncertainty to the US dollar. After the sharp drop on Friday, the dollar index also opened higher and adjusted in the day. It was just that the current market worries were weakened again. We just follow the market to continue in the short term.
gold, intraday opened low adjusted at the lowest point and then quickly rose, and now it touched the 1680 line again and was under slightly pressure near the high point on Friday night, falling into a high fluctuation trend in the short term, waiting for tomorrow's mid-term election situation. In the short term, we rely on the support around 1665-6 to treat it with multiple ideas, and see the continued adjustment of the US dollar at a high level! The short-term supply and demand contradiction in crude oil has escalated, coupled with the adjustment of the US dollar, the day's low opening and falling back to 90.3 and also rose as expected. Yesterday, we shared with you in advance that long orders around 90.4-5 were also perfectly cashing in 20 points of space. In the short term, pay attention to the 90-93.6 range consolidation situation
11/7 Gold crude oil US market ideas
Gold retraces around 1668-70 and continue to grow, defend 1662, look above 1680-90!
crude oil retraces back and continues to grow around 90.5, defense is 89.7, look above 92-93, pullback is near 93.4-5, defense is 94.2, look at the 92-91 front line
ideas are for reference only, and the risk of profit and loss is borne by yourself!
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