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Yan Ruixiang: The four-hour support of gold looks upward, and Europe and the United States can treat it low

author:Yan Ruixiang Wuxinghui

【U.S. Dollar Index】

In terms of the U.S. dollar index, the U.S. dollar index price generally showed a decline on Tuesday. The price rose to a high of 105.45, a low of 104.93 and a close at 104.974. Looking back on Tuesday's U.S. index price performance, the price of short-term shocks after the morning opening, the U.S. market opened by the market news The U.S. index rose and fell, and the price just touched the area we laid out yesterday, and then the price fell rapidly, and the daily level price ended in a big yin, and the price stepped back on the daily resistance as scheduled. In the short term, you can pay attention to the resistance in the 105.15-25 range to see the suppression, and in the short term, we can focus on the gains and losses of the 104.60 area of the weekly level support below, and if it is broken in the future, it will continue to decline.

Yan Ruixiang: The four-hour support of gold looks upward, and Europe and the United States can treat it low

The U.S. index is in the range of 105.15-25, defending $5, and the target is 1104.80-104.50

【Gold】

In terms of gold, gold prices generally rose on Tuesday, with the highest price of the day rising to 2359.52, the lowest falling to 2334.69, and closing at 2357.79. Looking back on Tuesday's gold market performance, after the morning opening gold short-term direct support shock upward, the U.S. market opened by the data affected by the rapid bottoming out of gold, and then the price did not fall rapidly, then yesterday's layout of the short line to leave, the price is currently standing on the four-hour resistance position, the daily line again Yang ended. At present, the daily and four-hour short-term are long, the daily support is in the 2327-2328 area, and the four-hour support is in the 2347-2348 range. Above, it is temporarily concerned about the resistance of last week's high at 2375, and it is currently more than the price before it breaks through the daily support, and can only follow the short after the subsequent break. Today's short-term is relying on four-hour support, if the price breaks down, it is necessary to change the thinking in time.

Yan Ruixiang: The four-hour support of gold looks upward, and Europe and the United States can treat it low

Gold is in the range of 2347-48, defending 10 US dollars, and the target is 2360-2375 (if it falls below the four-hour support in the day, it is necessary to change the thinking in time)

【Europe and America】

In Europe and the United States, prices in Europe and the United States generally rose on Tuesday. The price fell as low as 1.0767 and rose as high as 1.0825 before finishing the day at 1.0818. Looking back on the performance of the European and American markets on Tuesday, the price fluctuated in the short term after the morning opening, and the price bottomed out quickly after the news affected by the news at the opening of the U.S. market, and then the price soared as scheduled, and the price on the daily line ended in a big day. At present, the market is still running above the daily support, and the short-term operation is temporarily concerned about the layout of the four-hour support area, the position is concerned about the layout of the 1.0790-1.0800 range, and the upper part is temporarily concerned about the 1.0830-1.0860 area. For now, as long as the price is above the daily support of 1.0760, it can maintain a long treatment.

Yan Ruixiang: The four-hour support of gold looks upward, and Europe and the United States can treat it low

Europe and the United States 1.0790-1.0800 range more, defense 40 points, the target 1.0830-60

【Today's key economic data and events】Wednesday, May 15, 2024

(1) To be determined domestic refined oil will open a new round of price adjustment window

(2) 14:45 France CPI MoM (April).

(3) 16:00 IEA releases its monthly crude oil market report

(4) 17:00 Eurozone Q1 GDP YoY revision

(5) 17:00 Eurozone Q1 seasonally adjusted QoQ rate of employment

(6) 17:00 Eurozone Industrial Production (March).

(7) 20:30 US CPI YoY in April

(8) 20:30 US seasonally adjusted CPI MoM in April

(9) 20:30 U.S. retail sales in April MoM

(10) 20:30 US seasonally adjusted core CPI in April

(11) 20:30 U.S. core CPI y/y in April is not seasonally adjusted

(12) 20:30 US New York Fed manufacturing index (May).

(13) 22:00 US NAHB Housing Market Index (May).

(14) 22:00 U.S. Commercial Inventories (March).

(15) 22:30 EIA crude oil inventories in the United States for the week to May 10

(16) 22:30 U.S. EIA Cushing crude oil inventories for the week ending May 10

(17) 22:30 EIA Strategic Petroleum Reserve inventories in the United States for the week to May 10

(18) At 03:20 the next day, Fed Governor Bowman speaks at a blockchain summit

Note: The above is only a personal opinion strategy, only for review and exchange, does not give any investment advice to customers, has nothing to do with customers' investment, and is not used as the basis for placing orders.

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