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Jin Ming on the market 11/15 gold trend analysis, gold crude oil today's operation advice guide and unwinding online

author:Jin Ming on the city

Gold Analysis Strategy:

  During the Asian session on Monday (November 15), spot gold held steady around 1865. On Friday (November 12), gold prices bottomed out and recovered and achieved seven consecutive gains, supported by a sharp decline in consumer confidence in the United States and a weaker dollar, but the strengthening of the stock market put pressure on the gold market. The focus of the day is on a series of economic data from China. The dollar fell slightly on Friday, with high inflation dealing a severe blow to consumer confidence. Sentiment in the gold market has been clearly bullish as precious metals have seen their best weekly gains in six months. Last week gold broke the current downtrend. Inflation concerns flooded the market again after the U.S. Consumer Price Index showed an annual growth rate of 6.2 percent as the highest in more than 30 years, pushing gold prices higher to five-month highs. Not only has gold regained interest as inflation continues to rise, but some analysts say growing concerns about the Fed's loss of control will continue to support prices. However, not all analysts are bullish on gold in the near future. Ole Hansen said he could see prices fall back to $1830 an ounce before investors rise sharply again to $1,900. Overall, after seven consecutive rises in gold prices, the pullback pressure is getting bigger and bigger, the overbought signal has appeared, and there may be opportunities to continue to do more after the pullback this week.

  Gold from a technical point of view, gold this week the sun closed the line, the recent trend is basically synchronized with the US dollar, and close to the New Year, the demand for physical gold increased. Weekly support is near the top and bottom conversions near 1834, but bulls generally do not give too much of an ideal position. The upper resistance near 1876 is also 50 percent from the highs 2075-1677. If the market effectively breaks through 1876, the line will go up to 1900, which is about 1905-1917, almost the position of 618. The daily line closed yesterday with a doji, and although it is at a relatively high level, this closing line may be a signal of a trend reversal. Next week, it is possible to take a pullback first, and then pull up to touch the level of this week's high of 1868, and then look at the trend adjustment layout ideas. Jin Ming believes that the hourly line, this week's highs have been in place, as to whether the market can further open up the upside, the premise must be to break through 50, that is, 0.5 of the 2075 to 1675 double bottom golden section, firmly bearish before breaking 1876, and the short-term support below the 1834 line, which is a key position for this week's top-bottom conversion. In summary, gold today's operation ideas on the Jin Ming on the market suggested rebounding high-altitude, pullback low more as a supplement, the upper focus on the 1875-1880 first-line resistance, the following short-term focus on the 1840-1845 first-line support.

  Crude Oil Analysis Strategy:

  This week's crude oil fell sharply under pressure near the previous high, falling into a wide range of shocks, for trading can only be based on short-term thinking, halfway profit taking is not everyone can afford. But Thursday's roadshow twice gave the idea of crude oil buying, 81.10 more and 80.65 more have gained, Jin Ming teacher did not continue to be bearish because of the sharp fall in crude oil, because the magnitude of the decline and touch the support are about to rebound the preliminary signal, you can see the US session continues to consolidate at a low level, which means that today is the first to see the rebound upward trend. It is recommended to fall back to the 80.95 first-line buy, below the risk control 80.50, and the target is 82.00~82.60.

  Silver Analysis Strategy:

  Silver hit another new high of 25.30 on Friday as expected, but there wasn't much time for bulls to continue to extend their gains as the weekend closes. Last Friday's comment said that it is now close to the end of the 3 waves 1, and if a new high is made again at the beginning of the week, there may be a significant downward correction trend. Therefore, today's focus is on the support band of 25.00 ~ 24.90, this position is also a short-term long-short watershed, if the bulls still want to continue to launch an offensive then it will definitely start an upward trend from this position, so the day can win the last wave of bullish upward movement in this area, risk control 0.2 US dollars, the target 25.50 ~ 25.65.

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