Looking forward, coupled with yesterday's decline, gold prices have continued to fall for six consecutive trading days. The downside space from the $1,800 mark has been nearly $80. From a space perspective, there is no advantage in falling further.

As expected, it fell below US$1,740 and extended to a low of US$1,727. It weakened downward and the final price closed lower. The overall trend of gold price yesterday was completely in line with our expectations! Especially after breaking below the support of US$1,740, we decisively chose to follow up and bearish, and once again took the short position. Lower retracement profit.

Looking forward, coupled with yesterday's decline, the price of gold has continued to fall for six consecutive trading days. The downside space from the $1,800 mark has been nearly $80. From a space perspective, there is no advantage in falling further.

Open the daily chart and you can see that under the six consecutive Yin K-line combination arrangement, the price remains below the moving average of each period, and the moving average develops in a short position . The downward trend of short-term indicators has slowed down, and it closed yesterday The negative column with a slightly longer shadow line shows the effectiveness of the support, otherwise it will not rebound back to above $1,740 by today's trading.

This round of gold price retracement started from the US$1,800 mark. We followed the trend and followed up. As of yesterday's trading, we still maintained the idea of ​​breaking through the support of US$1,740 and once again made profits on the retracement. However, after six consecutive declines, a bearish atmosphere gathered and the bearish sentiment became even higher, but this is not a reason to continue chasing shorts.

As of today’s white market, the price of gold has rebounded to break through 1,740 US dollars again. The bulls are slightly stronger. At the same time, the advantage of falling again after six consecutive declines is not obvious. Although the overall trend is still dominated by shorts, we cannot blindly chase shorts. The technical form The changes above force us to be cautious about short positions in the intraday trend.

The U.S. dollar index rose strongly yesterday, which is also one of the reasons why gold prices continue to fall.

Although it is strong, it has not broken through the previous high resistance. Without data guidance or driving, it is unlikely that the U.S. dollar will rise again in the short term. Once it encounters resistance and retreats, it will theoretically push the gold price to rebound, so the U.S. dollar will not rise. If it breaks, the price of gold will not chase the short side. Of course, this must be achieved under the premise that the negative correlation between the two is established.

The current gold price remains around US$1,740. In the short term, the effective support below is located at US$1,736-1,734. If it retreats close to this level, you can be the first to step in and do long. The protection is below 1,731. If it rebounds, it will be around US$1,749 (as shown in the indicator). (as shown), if it breaks through and stands firm, it can be seen to be around 1760 with the trend.

U.S. oil prices patiently wait for the retracement to touch the 86.5 area. Once it reaches the 86.5 area, they can intervene in the long position to reach the 91.8-92 area. This is the oil price trend idea and trading plan we gave yesterday. It is extremely accurate now. The final price change Rise and close higher.

On the daily line, a positive column with a long lower shadow was recorded yesterday. The price returned to above the short-term moving average. The short-term moving average turned upward. The short-term indicators also maintained an upward trend. Driven by the combination of multiple parties, the bulls achieved a strong rebound. , the current momentum is intact.

We were bullish on oil prices at the beginning of the week. Yesterday’s rebound has been verified. Against this background, both market sentiment and technical indicators are developing for the better, so we can just keep following the trend. In today's trading, it is recommended to intervene in the 91.5-91 area to do long. On the upside, the first one will be around 92.7, and after the breakthrough, the high will be 94.

　(The above sharing is purely personal opinion and does not constitute actual operation advice. Transactions are risky and you must be responsible for profits and losses)