Gold latest market analysis:
Gold news analysis: Monday (April 25) European session, spot gold maintained a downward trend, currently slightly above $1915 / ounce, gold prices fell more than $15 during the day. If gold falls below $1915/oz and stays below that level, gold prices may fall further to $1900/oz. Gold prices continued to decline due to widespread demand for the US dollar. Fearful of hawkish bets on the Fed and economic growth, investors bought dollars to seek refuge. Gold prices are likely to fall further this week. The dollar index rose in the Asian session on Thursday, reaching a high of 101.75 at one point, a two-year high. The Fed's hawkish stance continues to give the dollar upward momentum. Fed Chairman Jerome Powell said on Thursday that the Fed could raise the federal funds rate by 50 basis points at its policy meeting next month and said similar rate hikes could be needed thereafter.
Gold from a technical point of view, gold on Friday in a slump to close the lower line, the opening price is almost the high of the day, after breaking through the previous low of 1936 weakened, although there are repeated setbacks in the intraday, continuous sawback rebound and then under pressure to close lower. Daily harvest bardo candlestick. As the daily candlestick continues to close lower, this week continues to look to the lower 60-day line for support. It is also the bottom rail of Bollinger Bands, and the first low was near 1916. This was followed by 1890. The 1890 is the key defensive point for the continuation of the wave, whether to carry out the continuation of the C wave decline or to explore the stability of the recovery, this level is the top priority. 4 hours from the 1998 high formed a short cycle of falling wave, last week's rebound in the 1958 area under pressure to form a B wave high, and after breaking the low 1936 formed a small cycle level of C wave continuation, with friday's tug-of-war finishing, the week-end K-line pattern closed at a low level, then this week's opening will be weakened first to continue, first continue the release of the wave space, and then pull the indicator downward while sorting out. At present, the K-line structure is downward, the moving average indicator is still messy and divergent, it takes time to turn downward, and the rhythm may still be a shock downward presentation. 1 hour was accompanied by a tug-of-war finishing downwards, a small step of shock fell before a high in 1945. It is also the tipping point of the middle band of the hourly Tubuling Road, which is the dividing point between strength and weakness today, and the rebound below 1945 is an opportunity to be bearish. A breakthrough will change the weakness, and then adjust the thinking. In summary, Gong Yuanyi suggested rebounding high on today's operation ideas, supplemented by pullbacks and lows, focusing on the 1930-1925 first-line resistance above and the 1885-1880 first-line support below.
Crude oil latest market analysis:
Crude oil news analysis: On Monday (April 25) during the Asian and European session, the US crude oil fell sharply, losing the 100 integer mark, once hitting a new week-and-a-half low of $97.91 / barrel. There have been long-standing fears that prolonged containment measures in Asia and a possible interest rate hike in the United States will weaken global economic growth and fuel demand. And, driven by high prices and government, the number of active rigs at U.S. energy companies increased for the fifth consecutive week. While the EU plans to further tighten its energy ban on Russia, Russia's oil exports to EU countries continue to rebound. At the same time, the US dollar continued to strengthen, and global stock markets generally fell sharply, further dampening the demand outlook, and both the fundamental supply and demand ends and the technical short-term are biased towards the bears. During the day, the focus was on global stock market performance, the trend of the US dollar, news related to the situation in Russia and Ukraine and news related to the new crown epidemic.
Crude oil from a technical point of view, crude oil last week to explore the high fell back to close low, Zhou Yang single Yang touched the high after the rapid turn of yin, touch the high has no sustainability, and the next week does not continue. After the short-term closing lower, this week tends to go back, the weekly line is taken back, and the daily line is slightly blunted. The body of the K-line is slightly smaller, and it is brewed unilaterally in the finishing. The 4-hour chart closed lower in the saw, the 109.90 high formed a downward wave, last week's rebound at 105.40 secondary pressure, here can be used as a local B wave rebound high, after the break is a small level of C wave continuation, with last Friday's tug-of-war to close lower, this week's probability of breaking the low continuation is larger, the short-term is weak. The 1-hour chart is in repeated sawing and finishing, and finally closes at a low level, and sawing is the norm. Closing determines the strength of the next day's continuation, with the closing price at a low level, today's short-term line is relatively weak, and the critical point is the same as the sub-high of 105.40. As the step down channel of the hourly chart, the beginning of the week relies on the sub-high to do the defense of the first bearish, and the initial resistance is bearish in the area of 101.20-101.60. On the whole, Gong Yuanyi suggested that the short-term operation idea of crude oil today should be mainly based on rebounding highs, supplemented by pullbacks and lows, focusing on the first-line resistance of 99.5-100.0 in the short term above, and focusing on the first-line support of 94.5-95.0 in the short term below.
This article is written by Gong Yuanyi