1.9 Analysis of the Trend of Gold Crude Oil
The gold daily small bullish line oscillates and rises, with no change in short-term oscillation rhythm and limited space. It oscillates in a roundabout and repetitive manner, temporarily stabilizing and breaking through the high point at the beginning of the week in the small cycle, with slight signs of further upward movement, but the spatial continuity is uncertain. The daily K-line closing entity is relatively small, waiting for a surge in volume to break the current deadlock.
The 1-hour chart of gold shows a small upward trend based on the central track, but the sustainability is not strong, with a slow upward trend and a quick rebound. Yesterday, the market slowly rebounded and rose around the low point of 2645, but the process was a volatile move with one main player and one drop. The unilateral sustainability was not strong, and short-term operations during the day were still focused on volatility. In the Asian market, buy long near the mid track at 2650 in the ultra short term, defend at 2644, and target at 2665. After exploring high in the European and American markets, flexibly arrange to sell high in the reverse direction.
Crude oil hit a high and fell back to close lower yesterday, with a daily small bearish candlestick with a longer upper shadow. The highest peak reached 75.30 and fell back under pressure, while the inertia peak quickly fell back. Short term bullish sustainability is not strong.
The performance of the 4-hour chart shows a slow rise and fast adjustment, with inertia probing high and then combined with a rapid retracement of the bearish candlestick. It shows that there is a strong short-term market wash and insufficient unilateral momentum. Returning to the second lowest point of 73.0. Strong market conditions usually construct a stepped upward channel and will not return to the starting point. Once it returns to the starting point, the upward space of this small cycle may end prematurely. Or in other words, the lack of unilateral momentum leads to short-term fluctuations. Treat short-term trading as a volatile strategy. After scheduling the time point to the European market, determine the intraday range and flexibly respond based on the form.
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