12.27 Spot Gold and Crude Oil Trend Analysis

2024-12-27 2677

The strength of the US dollar usually puts pressure on the price of gold denominated in US dollars. Recently, the US dollar index has performed strongly in market trading, reaching a one week high of 108.30, but then falling back to around 108.09. The yield of US Treasuries also experienced fluctuations, and the yield of 10-year treasury bond bonds once hit a six-month high of 4.643%. This fluctuation indicates that the market's expectations for future monetary policy are still constantly changing, affecting the investment attractiveness of gold.

① Russia's attack on Ukraine during the Christmas period has attracted widespread attention from the international community, and this geopolitical uncertainty has led investors to turn to safe haven assets such as gold.

② The recent release of US economic data shows that the overall job market is still under pressure, and assets such as gold are favored by the market.

③ The cautious attitude of the market towards future economic trends has attracted assets such as gold.

④ Gold is currently showing a good short-term upward trend within one hour.

In summary, the bullish trend of gold is currently good, and investors are patiently waiting for the stabilization of the gold correction to continue buying long gold today.

In terms of geopolitics, tensions between Israel and Hamas continue to escalate, with Israeli Prime Minister Netanyahu stating that the country will continue to strike against the Houthis. The change in this situation may have an impact on the oil supply in the Middle East, potentially putting pressure on global oil prices. Investors need to closely monitor these developments to assess their impact on the crude oil market.

① The upcoming inventory data released by EIA will provide guidance for short-term oil prices, and if inventory decreases, it may boost market sentiment.

② The geopolitical risks in the Middle East remain a key factor affecting oil prices, providing sustained support for crude oil.

③ The pace of global economic recovery will directly affect crude oil demand and boost oil prices.

④ The current technical trend of crude oil is relatively strong.

In summary, the current bullish trend of crude oil is relatively strong. Today, investors are paying attention to the 1-hour support area below crude oil, and buying long after the crude oil correction stabilizes.

The content of the article is purely the author's personal opinion and should not be used as a basis for investment decisions. It is for reference only! Any similarity is purely coincidental. Risk lies in control, fire prevention is better than firefighting, and prevention is better than cure.

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