Good morning, everyone! Last week, the market was relatively quiet during Christmas, and both gold and silver did not experience significant fluctuations. Among them, gold rose and then fell back, belonging to a volatile trend, while silver fell sharply, reaching 29.3 at one point. However, last week's volatility seemed to be about to fall, but in reality, it was still rising under the bullish trend, forming a low-level rest state. Therefore, it fully conforms to the rules of market holidays. For this week's market, there is a lot of data this week, which may add fuel to the market and expand domestic demand fluctuations. Therefore, everyone should seize trading opportunities and do a good job in risk control.

The yield of US 10-year treasury bond bonds rose sharply last Friday, and the stock market sold off. Trading was quiet last week. The trading time was shortened due to the holiday. Investors waited for this week's unemployment benefit data to find signs of economic trends in the new year. This week will usher in the New Year holiday, and market trading may be relatively light. The data to be released includes the November sales data of completed homes on December 30th and the S&P housing price index on December 31st. The latest initial unemployment benefit data will be released on January 2nd after the New Year holiday. In addition, European and American countries will release the final value of SPGI manufacturing PMI, and China's official manufacturing PMI data for December will be released on Tuesday. Investors need to pay attention.

The US dollar has adjusted after rising 108.2, and this adjustment has been going on for a week, neither rising nor falling. However, overall, the US dollar can clearly see that its upward trend remains unchanged, and it is only a matter of time before it rises. This week, we will focus on whether the non farm payroll data can open up a temporary range. Gold oscillates within the range of 2638 to 2610, with both ups and downs, making it difficult to break out of the range. Based on previous patterns, 2582 and 2605 were the two bottom patterns. Under the influence of the trend, the first wave rose to 2625 and the second wave rose to 2638, forming the current double bottom structure at the bottom. Although there is currently no strength to break out of the trend, all aspects meet the conditions for a bullish outlook in the future. Therefore, it is recommended to continue with a volatile upward trend this week and wait for a one-sided market trend in the breakout range. From a technical perspective, the daily chart is suppressed below the Bollinger Bands and closes negative. Although it may seem weak, it does not necessarily show continuous strength. If the daily chart closes positive on Monday, it will form a strong weak transition. On Tuesday and Wednesday, it is possible to break the Bollinger Bands and form a bullish trend to 2700. The H4 cycle clarifies the relationship between the strength and weakness of oscillations. In a weak oscillation, if 2638 does not break the level and falls to 2610, it is considered weak. If it does not break at 2610 and rises to 2638, it is considered strong. As long as the range does not break, there will be no unilateral market trend. As long as the level breaks the range, the unilateral strength will be very high, and at least gold will have a wave of rise in January. So, in the seemingly volatile performance at present, it is recommended that gold try to maintain a low bullish trend this week, take effective long orders, and wait for the range to break through. During the small weekly period, it can be seen that gold opened slightly higher in the morning, reflecting the buying demand left over from last week's gold. Currently, it has risen to 2625, and the Asian and European markets are not chasing long. The support level below the stable point is at 2615, and we can wait for the support point to fall to buy long. If it rises, we should pay attention to whether the 2638 level breaks. If it does not break through the Monday and Tuesday range, we can consider short selling high and buying long low. If it breaks the level, we will only buy long orders and not short sell.

Last week, spot silver hit the bottom at 29 and rose to a peak of 30, reflecting the demand for a bullish trend. However, the overall trend was volatile, so after reaching a high of 30, there was room for further decline. Currently, the closing price is around 29.4. The strategy for this week is very clear. Firstly, as long as silver does not break the 29 support point, buy long orders at the bottom can continue to be held. This cycle is bullish until it breaks the 30 level, and there will be a wave of upward momentum after it breaks the 30 level, which will rise to 31.5. Therefore, silver also maintains a buy long bullish trend in the cycle, and can continue to go long at 29.4 in the short term to see if it breaks the 30 level at the beginning of the week.

The cyclical upward trend of crude oil is very clear. Although it did not break the 71 suppression point last week, as long as the trend does not change, a pullback is an opportunity to go long. Therefore, this week, while maintaining a bullish trend, we will continue to look at the upward space. Breaking the 71 suppression point above can be seen as reaching high points of 73 and 75. So, the trading strategy for crude oil this week remains low long bullish unchanged. Under the strong trend, crude oil is focused on two support points this week, one is 70 and the other is 69. As long as it does not break through these points during the downturn, you can buy more and gradually see the upward space.