[Gold]: Spot gold fluctuated within a narrow range and is currently trading around $1,810.13 per ounce. The U.S. dollar index rose last week and was once again close to a nearly two-decade high. Inflation in the Eurozone hit a new high in June, increasing the European Central Ban

[Gold]:

Spot gold fluctuated within a narrow range , currently trading around 1810.13 US dollars per ounce. Last week, the U.S. dollar index rose, approaching the high of nearly two decades again. Inflation in the Eurozone reached a new high in June. Amid expectations of a sharp interest rate hike by the European Central Bank, India raised the basic gold import tax from 7.5% to 12.5%, causing gold prices to fall to a new low in nearly five months to around US$1,784.39 per ounce. But then the gold price rebounded quickly. On the one hand, the US dollar fell slightly from its highs. On the other hand, bargain hunting and safe-haven buying supported the gold price. In addition, as the holidays approached, some short sellers took profits.

From the market point of view, gold rebounded from a dip last Friday. The daily closing cross was a positive K line, and the lowest fell to 1784.34 US dollars per ounce. After the dip, it was close to the previous low. The technical structure of the false double bottom The support rebounded and recovered all the lost ground last Friday, and also set a new high in the Asian market, causing the daily line to turn from yin to yang. The lower shadow line is a yang cross K line with a long lower shadow. The daily line shows a short-term range of 1786-1784 There is still strong support at the low point, and it is still a little difficult to break through the market in a wide range of shocks. After last Friday's heavy volume, it rebounded strongly, and the short-term re-entered the see-saw shock. The K-line retracted after a negative decline and heavy volume, making the short-term The strength of the breakout weakens, and the technical side enters a shock, waiting for news to stimulate the breakout.

At present, in the past 4 hours, it has been accompanied by a wave of negative decline and heavy volume, followed by a counterattack with a strong positive line. The rebound has been larger and closed at a high level in late trading, breaking the weak pattern at the beginning of last week. A roller coaster formed at the end of the week will pull back the short-term fluctuations in the day. Currently, the lower shadow line of the daily line is longer. At the beginning of the week, we will see whether it can break below the shadow line after covering the shadow line. Only by breaking the low point can the downward trend be continued. Otherwise, it will return to the saw-saw shock. The range needs to Reconfirmation. It is temporarily regarded as a shock, and is still far away from the low of 1784. The upper defense is at 1825-1830. The current price is in a neutral position. Respond flexibly in the short term based on the form. The key point is to confirm the short-term range first. On the whole, focus on the pressure of 1825-1830 at the top and the support at 1795-1790 at the bottom. In terms of operation, it is recommended to go high and buy low.

[Golden Operation Idea]: It is recommended to be more than 1795-1800 and short around 1820-1815.

[Silver]: In the silver market last week, opened at 21.186, and then the market first rose to 21.538 and then fell quickly. The weekly minimum was at 19.351, and then the market consolidated, and the weekly line finally closed at 19.836. After the position, the market closed with a big negative line with a lower shadow line slightly longer than the upper shadow line of . After this form ended, the weekly effectively fell below the low of the N-shaped shape. In terms of operation, Mu Hongyang suggested going over 19.65, stop loss at 19.45, and target 20.1-20.4 to exit and go short with the backhand.

[Crude oil]: Crude oil fluctuated and fell slowly last week under the Fed measures to address inflation, with great intensity, with the lowest at 104.5. It also stopped falling and rose sharply in late trading, and finally closed at 107.8. On the whole, crude oil still maintains low fluctuations under the bullish trend. The cyclical rise is expected to reach a high of 120. There is not much room for decline. We need to wait for the trend to change before making predictions. At the beginning of the week, crude oil remained low and fluctuated, with long-term trading and short-term trading, and we gradually looked at the gains and losses at key points. Crude oil operation is recommended to fall back to 107.50 to go long, stop loss below 107, and target 109.30-110.40.

This article was originally written by Mu Hongyang. He interprets world economic news, analyzes global investment trends, and has in-depth research on commodities such as crude oil, gold, and silver. Due to the delay in network push, the above content is a personal suggestion. Due to the timeliness of online posting, the suggestions are for reference only. Any operation based on this is at your own risk! Reprinting without permission is strictly prohibited and plagiarism will be investigated!