11.22 Foreign exchange gold crude oil fell first and then rose detailed operation idea analysis and today's market forecast
The latest gold market analysis:
Gold prices fell for a fourth straight session on Monday (Nov. 21) as a stronger dollar and the Federal Reserve's monetary policy stance clouded the outlook for non-yield gold. In the U.S. market, spot gold accelerated its decline and hit its lowest level since Nov. 10 at $1,735.93, down $17 from its daily high. The U.S. dollar rose 0.9 percent to 107.93, making dollar-denominated gold more expensive for overseas buyers. Investors will be closely watching the meeting notes of the Federal Reserve's November interest rate meeting scheduled for release on Wednesday. After recent remarks by Federal Reserve officials, market participants expect a 50 basis point hike in December. Higher interest rates make gold less attractive because it raises the opportunity cost of holding interest-free gold, which has historically served as a hedge against inflation. Investors are also keeping a close eye on the economic impact of COVID-19 pandemic restrictions in China, a big consumer of gold. The premium for physical gold in China fell sharply last week as buying slowed.

There is no important economic data released this trading day. This week, we need to continue to pay attention to the speeches of Federal Reserve officials. It is expected to further pave the way for the December interest rate hike, which is slightly bearish for gold prices. In addition, this week will usher in the New Zealand Federal Reserve interest rate decision. The market is expected to raise interest rates by 75 basis points, which is slightly bearish for gold prices. In terms of economic data, this week will usher in the November PMI data of European and American countries and the monthly rate of durable goods orders in the United States. The market's expectations for PMI data are not good, which may exacerbate the global economic recession fears and is expected to provide some support for gold prices. Overall, due to the hawkish speeches of many Federal Reserve officials and the further pullback demand from the technical side, the price of gold is slightly biased towards the shock downward in the short term, but it
Gold market trend analysis:
Gold technical analysis: Since the opening of the gold market, it has been weakly oscillating and repairing, and the repairing range is not very large, but the repairing rhythm is very stable. The general direction is reversed from the US index, and the rhythm is not as clear as the US index. This also shows that the current market still has a certain expectation of an oversold rebound after gold has continued to decline and touched the expected support area. However, due to the strong state of the US index, the short-term oversold rebound is difficult to be implemented.
At present, the first gold retracement target 1735-36 support band has been pierced, mainly due to the strong impact of the US index. At night, you can continue to pay attention to the test near the second retracement target 1730. If you look at the technical structure alone, it is understandable that the market retraced near 1730 when the hourly chart is deviated from the overbought state. It is also an opportunity to try a shorter retracement. However, it is difficult to judge whether it can bring rebound momentum. After all, the US index is currently strong, and it may even have been affecting the continued strength of this week. Therefore, gold is bound to be suppressed, but the downward space is limited. In addition, with the US market closed for the second half of the week, gold may not have too much room to fall. Therefore, judging from the rhythm of today's operation, gold is also basically locked in this week's high probability To run in a weak and volatile way is more about the digestion process after the strong rise in the previous week. Overall, on today's short-term operation idea of gold, Feng Yijin suggests that the rebound is mainly short, and the pullback is supplemented by more. The short-term focus above is on the first-line resistance of 1758-1760, and the short-term focus below is on the first-line support of 1730-1735. Friends must keep up with the rhythm. To control the position and stop loss problems, strictly set stop losses, and do not resist single operations. Recently, the market has been volatile, and opportunities and risks coexist. Control risks and reclaim profits.
Multi-order strategy:
Strategy 1: Gold pullback near 1728-1730 to go long in batches (buy up) two-tenths of positions, stop loss 6 points, target near 1735-1740, break the position to see the 1745 line; (Suggested for reference only, the specific operation is subject to the real offer!)
Empty order strategy:
Strategy 2: Gold rebounds near 1745-1747 to short (buy down) two-tenths of positions in batches, stop loss 6 points, target near 1740-1735, break the 1730 line;
The latest crude oil market analysis:
Crude oil news analysis: At the beginning of Asian trading on November 21 (Monday), US oil was trading near $80/barrel; oil prices fell by more than 2% last Friday, due to concerns about falling demand and further rising US interest rates. The global epidemic spread, the new subtype of Omicron dominates the US epidemic, and the number of cases of respiratory syncytial virus and influenza in the US has surged, increasing the risk of falling demand. Worried about falling demand and further rising US interest rates. Oil prices are under pressure to close down. According to the newspaper, since Russia launched a special military operation in Ukraine, at least 39 Russian oil tankers with a value of more than 200 million pounds have arrived at British ports, although the related oil is "classified as imported from other countries". Defense stocks led gains in the S & P 500, with utilities up 2%, real estate up 1.3% and healthcare up 1.2%. Energy stocks fell 0.9% as oil prices fell, weighed down by concerns about weakening demand and further increases in U.S. interest rates. Overall, the rise in the dollar weighed on oil prices, and investors looked for more information on the Federal Reserve's interest rate hike in this week's Federal Reserve meeting notes; the global epidemic spread, and the new Omicron subtype dominates the U.S. epidemic. Concerns about falling demand increased, increasing downside risks to oil prices and maintaining a short-term bearish tone on oil prices.
Crude oil from a technical point of view, crude oil last week's big negative line fell back to close low, the previous rebound space all back, last Friday's bottom volume broke low, after the breakdown of 82.0 formed an accelerated downward, the lowest once touched 77.60. Approaching the low point on September 27. The daily line formed a decline in the even negative line, and last Friday hit a low point with a wave of closing rebound to close out the lower shadow. From a daily point of view, it is close to the low support area in the previous 76.50 area. The short line has slowed down slightly, and it may fall into a certain period of sawing shock. It may be repeated at the beginning of the week. Whether it can fall below determines the downward space in the market outlook. After the second wave of the 4-hour chart breaks low, an accelerated volume will be formed. The weak continuation of the broken 82.0 neckline, while the high point on Friday was around 82.50, this is the critical point of this week's long and short, the short line below this position is relatively short, and the lower support point should pay attention to the low point of 76.0, which may be fought around the low point. Short-term operation combined with flexible response to the form. On the whole, the short-term operation idea of crude oil today is that Mr. Yi Jin recommends rebounding high-altitude, with low pullback as a supplement. Short-term focus on 81.5 first-line resistance above, short-term focus on 75.5-76 support below.
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