Gold: overnight gold bulls tried to attack again, but the result was still a failure. The multi-party continued to attack without success, which may damage the morale of the multi-party. In terms of fundamentals, the referendum in Dongwu region has not caused an increase in market risk aversion sentiment, and the market may be concerned about the strong US dollar's suppression of assets.
The current market has digested Fed September rate hike , but the strong economic data makes the market dare not underestimate the US dollar. Consumer confidence in the United States rose for the second consecutive month in September, with the index rising from 103.6 in August to 108, the highest level since April, and Americans' assessment of the current economic situation also improved, with the index rising from 145.3 to 149.6, and expectations for short-term economic outlook also rose from 75.8 to 80.3.
's impressive economic data will temporarily dispel markets' concerns about the US economic recession, and at least boost market confidence in the short term. Annual inflation expectations in consumer surveys also slowed to 6.8% from 7.0% in August, which is the lowest level since January. Isn’t this the Fed happy to see!
Technical aspect: The probability of five consecutive negative lines in the golden daily line is very high, and there is no substantial support below. However, the 1-hour cycle decline structure may be completed, and there is a high probability that the short-term rebound will rebound within the day. It is recommended to pay attention to the pressure at the top 1,639 US dollars.
Crude oil: crude oil rose slightly overnight and fell back. The technical price has not hit a low point. The bulls still have opportunities, but the big downward trend has not changed. If you choose to go long in the short term, you should control the position , after all, the trend is always right.
Recently, three large-scale leaks occurred in the natural gas pipelines of "North Stream 1" and "North Stream 2" within 24 hours, which attracted global attention, which heated up the slightly calmed European energy crisis again. German Economy Minister Robert Habeck said the leak was caused by targeted attacks on infrastructure. So from the perspective of conspiracy theory, the European energy crisis cannot subside. The tree wants to be quiet but the wind does not stop. It is no longer realistic to rely solely on Europe's efforts to solve the energy problem.
Europe is about to enter the winter heating season, and the demand for energy will continue to rise, but the question now is where the energy comes from. The German leader’s trip to the Middle East has not achieved substantial results, and external open source is limited. So the market may continue to ferment energy shortages in the next period of time.
Technical side: The daily crude oil line closes with a cross-star positive line, market differences occur, and prices also show signs of overselling. The 1-hour cycle price draws back, but it has not fallen below the previous low point, which is likely to form a double bottom in , and the probability of a small rebound in the short term is relatively high. It is recommended to pay attention to the pressure at the top $79.40.
Bailihao Global Warm Reminder: The above content and views are provided by the third-party cooperative platform think tank, for reference only and do not constitute any investment advice. Investors act on this basis at their own risk.
