On Tuesday, the international gold price fell to a new low since September 30, 2021, to US$1,723.05 per ounce, affected by the negative effects of the continued rise of the US dollar.

——Gold market trend analysis

On Tuesday (July 12), the international gold price fell to a new low since September 30, 2021, to US$1,723.05 per ounce, affected by the negative effects of the continued rise of the US dollar. Investors are awaiting the upcoming release of U.S. inflation data for June, which is expected to solidify the Federal Reserve's aggressive monetary policy stance. However, concerns about the global growth outlook have slowed the decline in gold prices. The U.S. dollar index climbed to a new high since late October 2002, reaching 108.531. The market expects that CPI in the United States rose 8.8% year-on-year in June, setting a new high in the past 40 years.

Atlanta Fed President Bostic said on Monday (July 11) that recent inflation data are not encouraging. He said that because the pace of month-on-month price increases has not improved, the federal funds rate will be raised by another 75 basis points when policymakers meet later this month. Overnight open interest in the gold futures market rose for the second consecutive session. According to the latest data from CME Group, the increase was approximately 17,800 contracts. Instead, volume returned to the downside and fell by approximately 1,200 contracts. Gold is starting the week on the defensive amid rising open interest, and could retrace to the $1,700 area if it falls below the September 2021 low around $1,720.

The recent daily shocks have always been rising and falling , and the highs have been moving downwards. After two days of sideways consolidation, the moving averages gradually arranged short positions and kept up with the suppression. Obviously, the non-agricultural low of 1735 fell last Friday, and the top and bottom Convert here to early trading, you can try to short the position, which means that the main force is still short-selling and controls the market, and continues to start the five-wave adjustment of the downward target. Looking at the daily line, Mingcheng prompts that the 5-wave target replicates the 175 US dollar decline in the first wave and the basic target is the 1703 area. If the main decline in the extreme 5-wave wave is above 212 US dollars, it will fall to around 1650, and the focus of the day is on the upper 1750 First-line resistance, coupled with the impact of negative fundamental news, as long as it does not break above the 1750 line, downside risks will further increase. The 14-hour chart of

html yesterday rebounded and corrected under pressure at the middle track, and the weak critical point 1752 has not been recovered. In this weak correction market, as long as the critical defensive point is not recovered, the short trend will not change. Even if the short-term market is accompanied by a washout during the day, we must still be firm. Short selling ideas. Repeatedly pulling back and forth to gather momentum. In the short term today, we will rely on yesterday's 1750-1753 to defend and continue to be bearish. In the early trading, opened directly and was at a low level. It is expected that the Asian Handicap will fall to a new low with inertia to avoid shorting the position. If the Asian Handicap rebounds slightly, actively cut into the short position. , the low position short order falls out and the position is reduced or pocketed in time. Today's specific operation strategy: enter the market with a short order near 1750-1753 above the rebound, with a target near 1735-1738, and a stop loss of 5 points.

--- Crude oil market trend analysis

Fundamentals, yesterday's fundamentals were stormy, the US CPI annual rate at the beginning of the US market was recorded at 9.1%, the largest increase since November 1981, and greatly exceeded the expectations of 8.80%. After the data was released, the market's bets on the possibility that the Federal Reserve would raise interest rates by to 100 basis points this month once soared to 75%, causing the U.S. index to rise strongly in the short term, and gold, silver, and non-U.S. currencies to fall back strongly, but then the market fell back effectively. , due to high inflation and the background of interest rate hikes, the market has become aware of the serious consequences of stagflation in the United States. In other words, rising interest rates while increasing inflation will strengthen the expectation of a sharp recession in the U.S. economy next year. Therefore, Driven by rising risk aversion, gold and silver rose strongly in late trading. Today's fundamentals mainly focus on the number of initial jobless claims in the United States from 20:30 to July 9 (and the U.S. PPI monthly rate in June and 23 :00 Fed Governor Waller spoke on the U.S. economic outlook.

The U.S. crude oil market fluctuated in a range yesterday. After opening at 93.473 in early trading, the market fell first. The daily line reached the lowest position of 91.598, and then the market began to stretch. After the daily line reached a position of 95.07, the U.S. market fell rapidly at the beginning of the session, giving After exiting the position of 92.293, the market was affected by the fall of the US index and rose again. The daily line reached the highest position of 95.562 and then the market consolidated. The daily line finally closed at the position of 94.129. After that, the market started with a long upper and lower shadow line . The spindle pattern closes, and after such a pattern ends, if today's market falls first, it will give a stop loss of 92.2 and a stop loss of 91.7. The target is 94.45 and 95.7. If the position is broken, the pressure of 96.85 will be seen.