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Lu Jinying: Will gold still rise? Foreign exchange gold US crude oil trend analysis – XMDailyFX

Lu Jinying: Will gold still rise? Foreign exchange gold US crude oil trend analysis

Gold information analysis: June 30, this week is non-farm week, but due to the Independence day of the United States, non-farm announced one day in advance on Thursday 20:30 Beijing time, this non-farm is the last non-farm in the second quarter, the non-farm economists forecast new jobs of 3 million, and 5 Gold information analysis: June 30, this week is the non-farm week, but because of the Independence Day in the United States, the non-farm was released a day earlier on Thursday at 20:30 Beijing time, this is the last non-farm in the second quarter, the non-farm economists forecast that the new job creation of 3 million, and May employment unexpectedly increased by 2.509 million. Better data means the economy is improving faster, as we saw in May, when retail sales picked up, confidence picked up a bit and car sales picked up. The unemployment rate is expected to fall slightly to 12.5 percent in June, and average hourly earnings are expected to fall 0.5 percent month-on-month. Investors have strong hopes for an economic recovery, but the impact of the pandemic has hindered investors’ hopes. This time, the non-farm data is more of a sign of economic improvement, which will affect the overall investment market sentiment for economic recovery in the second half of the year. Today’s main focus is on May’s US existing home sales data. International gold technical analysis: Gold from the daily line, gold last Friday closed down the hammer positive line, firmly above the MA5 and MA10 moving average, continued high rebound form, intra-day volatility or continued rebound, Bollinger belt opening extended upward, and the 5-day moving average to provide support for gold, the indicators are arranged upward. In terms of indicators, the KDJ gold fork random indicator diverges upward, and the MACD gold fork red kinetic energy column is stable, indicating that gold is still a strong stage. Overall, the gold day line is still in a bullish trend. Gold four hours, gold morning high resistance Bollinger belt on the track to walk a wave of small pullback, 1775 or there is repression, short-term attention to this position is not a breakthrough, the breakthrough can confirm the opening of the bulls, follow the trend of multiple orders. If it continues to fall back under pressure, it will continue to rely on the support of the middle rail 1763. In terms of indicators: the KDJ gold fork random indicator diverges upward, and the MACD dead fork green energy column decreases, indicating that gold is strong. In summary, today’s short-term operation ideas suggest to do more callback, rebound high altitude as a supplement, above the short-term focus on 1780-1785 resistance, below the short-term focus on 1765-1760 support. Gold latest operating advice: 1, gold rebound above the 1778-1780 line short, stop loss of $4, the target to see the 1770-1768 line; 2, the gold below can not break the 1760-1762 line to do more, stop a loss of 4 dollars, the target to see the 1772-1774 line; Us crude oil information analysis: On Monday (June 29), US crude oil continued the previous session’s decline, as fears of a rebound in the epidemic overshadowed expectations of an economic recovery, while US crude oil encountered key resistance near $40-42, in addition to last week’s US crude oil production increased by 500,000 barrels per day. Therefore, we face the risk of a correction in the short term. The current outlook for the oil market may be too optimistic due to the economic recovery and weak crude demand, which is exacerbated by the rebound of the pandemic, and the long-term 2020 oil price is likely to average between $30 and $34. However, the number of U.S. crude oil drilling has declined for 16 consecutive weeks, and despite the recovery of U.S. crude oil production, the lack of financing channels and current oil prices are still far from their break-even point, in the long term, shale oil producers are still under pressure to increase production. At the same time, Saudi Arabia, the United Arab Emirates and other Gulf countries are still further reducing crude oil exports to a certain extent, which is supportive of oil prices. However, data showed that as OPEC production cuts raise prices, Asian buyers are turning to U.S. crude, which could lead to a further narrowing of the U.S. oil cloth price spread and push U.S. crude producers to further restore production, thus putting pressure on prices. Us crude oil technical analysis: Crude oil from the daily line, the K line two Yin in a Yang, the formation of an obvious blank gun form, indicating that the price has further downward space. Oil prices last week encountered resistance on the Bollinger belt 41.5 resistance has fallen, the current MA5 through the MA10 moving average formed a dead cross high down to form a compression, Bollinger belt three rail flattening. In terms of indicators, the random index of KDJ dead fork diverges downward, and the green energy column of MACD dead fork is stable. As a whole, the trend of crude oil is inclined to a correction, the above is concerned about the 38.5-38.7 suppression at the intersection of the MA5/MA10 moving average, and the below is concerned about the 35.8 support of the lower rail, which is strong, if the support of the position is broken, it will welcome a significant decline, and there is no loss of support near the lower rail, then it will continue to maintain the shock. Four hours of crude oil, after the low rebound of crude oil on Friday again encountered resistance to fall, the average line has also become a short arrangement, Bollingband opening down, MA10/MA10 average crossing 38.3 to form a short-term suppression, crude oil in the rebound position failed to break, indicating that the rise of crude oil to suppress. From the index point of view: KDJ dead fork random index downward, MACD dead fork green energy column volume. In summary, the short-term idea of operation this evening is recommended to do more callback, supplemented by a rebound in the upper short-term focus on 39.0-39.5 resistance, and the lower short-term focus on 37.5-37.0 support. Crude oil latest operating recommendations: 1, crude oil rebound above the line does not break 39.3-39.5 short, stop loss 0.4 US dollars, the target to see 38.2-38.0 line; 2, below the crude oil can not break the 37.5-37.7 line to do more, stop loss 0.4 US dollars, the target to see 38.8-39.0 line; Source: Sina Finance

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