Gold continues to fluctuate and crude oil rebounds
The gold daily chart continues to cross and consolidate the candlestick chart. In the midst of spatial contraction and oscillation, there is still no sign of a unilateral breakthrough in the short term. The market is oscillating back and forth within a wide range, and yesterday it held above the low point of 2615 before rebounding to reach a high of 2664. However, it eventually closed at the upper shadow line and failed to break through after reaching a high point. Today, we are still paying attention to the oscillation between the range of 2665-2615 that needs to be broken.The 4-hour chart rebounded from the lower shadow line to the upper shadow line after closing from the lower track. Yesterday, it was under pressure again to close the upper shadow line on the upper track, with a tug of war oscillation and weak breakthrough. In the short term, continue to fluctuate around the range. The specific operation is still based on the temporary arrangement of the disk form. Flexibly respond to short-term fluctuations with high altitude and low volatility.
Crude oil has started to stabilize and recover from the previous day's decline. At the close of the daily trading day, the bullish candlestick line was followed by a habitual retracement to the 73.0 level, stabilizing the market. In the late trading session, it recovered and rose again, returning to the high point of around 75.0. The daily chart showed a continued upward trend, with brief retracements followed by consecutive bullish candlesticks.
The 4-hour crude oil chart has started to stabilize and continue to rise, re emerging from a strong channel, relying on 73.0 to create a step up channel, while standing above the middle track of the Bollinger Bands. The 4-hour short-term bulls still show strong performance, and today's operation is to buy on dips at the critical point of 73.0, buy near 74.0 in the Asian session, defend against 73.0, and target 76.0-76.50
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