Yang Chenpinjin: 11.13 early review, gold and crude oil intraday operation suggestions and trend analysis

The market never seems to have a peaceful day. After the dust on the chairman of the Federal Reserve has settled, last week's US tax reform storm, the Saudi political crisis came out to make trouble, the global market trend ups and downs, the DOLLAR and US stocks suffered Waterloo, and the gold market was shocked by the number of sell-offs... This week, not only the heavy economic data of many countries in Europe and the United States are intensively released, but also an extremely eye-catching global central bank feast will also appear to bombard the market, and investors are afraid that they will usher in several sleepless nights!

On Tuesday, the ECB will host a meeting that has the potential to determine the fate of the world's central banks next year – the Central Bank Communications Conference. The theme of the conference was "Challenges and Opportunities for Central Bank Communication". Fed Chairman Yellen, Bank of England Governor Carney, ECB President Draghi, Bank of Japan Governor Toshihiko Kuroda and other central bank leaders will form a super "star lineup" discussion group, and this year's voting committee Evans and other senior Fed officials will also appear to speak. The words and deeds of these influential people will affect the global market.

Gold trend analysis

Last week, affected by the uncertainty of us tax reform, gold was happy to make a good profit, but on Friday, the US market was smashed by a $4.2 billion sell order, and the gold price plunged by $10, but the weekly line still closed higher. Despite gold's short-term woes, there is hope of continuing to push it up to key resistance levels, as the dollar remains sensitive to tax reform proposals that are still slowly being made in both houses. Technically, a large yin column with an upper and lower shadow line was recorded on the daily line, the price rebounded through the cycle moving average to maintain the development of the bulls, and the current moving average is also in a bullish arrangement, located in the middle of the range of the 200-day moving average and the 100-day moving average. It's just that the short-term indicator has formed a divergence from its upward movement on the k-line, so it is not too bullish on the daily line. 4 hours, the market rebound after the pressure recorded a continuous yin, the current price running above the short-term moving average, below the upper Bollinger band, but it is obvious that the upward potential energy on the cycle moving average has been exhausted, the short-term cycle indicator high began to retrace, and the demand for repair indicators on the 4 hours was larger. Continuous rise so that the gold price seems to be strong pattern is actually unable to rise again, the potential energy displayed on the small cycle indicators is not obvious, today pay attention to the strength of the gold price rebound, below the support of 1270/1268, the upper resistance of 1280/1282. Investors who have a set of orders in hand can communicate with Yang Chen Pinjin himself, and I need to understand your actual set of orders, such as the entry point and risk rate and other detailed factors, and then give a solution.

Gold Operation Recommendations:

1. It is recommended to lay out more orders near the pullback 1271, stop loss default, target to see 1278/1280;

2. It is recommended to rebound near 1282 to lay out short orders, stop loss of $3, target to see 1274/1272.

Crude oil trend analysis

The potential crisis brought about by the recent change of throne on the Saudi side and its statement that it will reduce crude oil exports next month have brought upward momentum to oil prices, while the recent situation in Saudi Arabia has also raised the possibility of the country taking a more aggressive stance on production cuts, and oil prices will be supported in the short term. However, the high oil price for crude oil "big stomach king" India is like a stick, or will force India's crude oil demand to fall, bringing risks to the long-term rise in oil prices. Technically, last week's market can be summarized as a high shock after the rush higher, in recent trading days, has been running at a high level, oil prices have been repeatedly blocked near $58, the bulls failed to further extend the rally, the weekly line with the small yang with the upper shadow line, maintaining the five consecutive Yang arrangement, highlighting the strong side of the bulls, last week's oil prices are almost all around the 57 mark up and down, continuous high hovering to exacerbate the cyclical indicator repair demand and retracement risk, the daily short-term indicator has taken the lead in starting to explore, the daily tends to be bearish. Overall, after the continuous rise in crude oil, from the upside space point of view, there is not much space above, so the author suggests that you do not have to consider chasing more crude oil, still adhere to the idea of high altitude, this week will continue such a line of thinking, there will be room for adjustment after a sharp rise; investors who have a set of orders in hand can communicate with Yang Chen Pinjin himself, I need to understand your actual set of orders such as entry points and risk rates and other detailed factors after giving a solution.

Crude Oil Operation Recommendations:

1. It is recommended to rebound 57.4/57.6 layout short order, stop loss default, target 56.6/56.4;

2. It is recommended to retrace 56.2/56.4 layout long order, stop loss default, target 57.2/57.4.

This article originated from the Asian Forex Network

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