On February 27, the price trend analysis of gold and crude oil today and the latest operation suggestions for foreign exchange futures

Gold's latest market trend analysis:

Gold under pressure fell to its lowest level since 2023 on Friday (February 24), after the U.S. January PCE price index report showed stronger-than-expected price gains, suggesting that the Federal Reserve may have to continue to raise interest rates and tighten monetary policy aggressively to fight inflation. The weekly survey of gold released showed that Wall Street analysts remain firmly bearish on gold next week. Although there is a clear majority of retail investors, the market does have a bearish tendency. This week's financial marekt has been hit by a turn of blockbuster events and economic data. Due to the hawkish wording of the Federal Reserve meeting notes, a number of Federal Reserve officials made hawkish remarks, and the Federal Reserve's favorite inflation indicator exceeded expectations, the dollar soared this week, setting a single week since September last year's best performance; pressured by the dollar surge, like gold fell more than $30 this week.

Some institutions commented that the US PCE data was higher than expected, supporting the Federal Reserve to raise interest rate hikes, which may reduce the chances of a soft landing for the US economy. The latest data and last month's revised data highlight the risk of continued high inflation, and the fall in inflation at the end of last year turned out to be more like a mirage. Gold is extremely sensitive to US interest rates because it does not generate interest rates, raising interest rates increases the opportunity cost of holding gold, and gold is denominated in US dollars. Interest rate hikes will push up the exchange rate of the US dollar, making it more expensive to buy overseas. The market also understands that the Federal Reserve will maintain contractionary monetary policy for longer than expected at the end of last year, because US economic data show that the situation is improving and inflation is extremely tenacious. That will support the dollar and weigh on gold. While the short-term outlook for gold looks rather bleak, it's also important to remember that the precious metal is more than just a game of interest rates. It remains an important portfolio diversifier, and it continues to outperform the stock market. Analysts also note that gold remains an attractive safe-haven asset amid geopolitical uncertainty.

Gold technical analysis: The weekly gold line is even cloudy, and the weakness will continue next week. The price has fallen by 152 US dollars since 1960. At present, gold is facing a key support area 1795-1788, which is the midline of the weekly line and the position of 0.5 back to Borache. If the support level is lost here, gold may fall by another 50 US dollars. On the contrary, if the support is effective, gold will start a phased rebound trend. At the same time, this is also an opportunity for gold to lay out the midline.

The opening of the Bollinger Band on the daily level continues to decline, the K line is overcast four times, the price continues to be under pressure on the 5-day moving average downward, and the moving average bears are arranged. As a whole, the weakness of gold will continue. Next week, the price of gold is expected to continue to challenge the lower rail 1890 line support. At the same time, 1890 is also the 100-day moving average support level. At present, gold has fallen by 152 US dollars since 1960. According to the time cycle and volatility, the first stage of this decline is approaching the end. There is not much room below. It is expected that the support near 1790 will be strong. If the price touches here, it is possible to rebound at any time. I will conduct a mid-line multi-

In the short term, gold's recent decline has been relatively rhythmic, with a narrow range of shocks to complete the repair of the technical form after a large downward wave, and then a secondary downward trend. There may be a certain rebound repair in the short-term trend. There were many rebound movements on Friday, but they failed to have enough momentum to support the upward breakthrough and could not break through the pressure above. Obviously, it is difficult to build up the confidence of the market bulls. Coupled with the suppression brought by the extreme trend of the US index, the gold bulls are even more helpless. Gold as a whole maintains a short-term trend short trend. Above, you can refer to the short order opportunities around 1818-1820. Overall, today's short-term operation of gold, Chen Jinhao suggests that the rebound is mainly short, supplemented by the pullback, the top short-term focus on the 1817-1820 line of resistance, and the bottom short-term focus on the 1800-1805 line of support.

The latest crude oil market trend analysis:

Last Friday (February 24), international oil prices rose for the second consecutive trading day. Although higher-than-expected U.S. crude oil inventories continue to challenge the oil demand outlook, the expected decline in Russian production has an offsetting effect. NYMEX crude oil looked at $77. Because Russia is expected to cut production sharply next month, while the strengthening of the dollar and the sharp jump in U.S. inventories have exacerbated demand concerns. Russia plans to reduce its oil exports through western ports by as much as 25% in March, exceeding the previously announced reduction of 500,000 barrels per day, which boosted oil prices during the session. Separately, API data showed that U.S. crude oil inventories surged by 9.90 million barrels last week. This also hints at sluggish U.S. demand. While Morgan Stanley raised its forecast for oil demand growth this year by about 36 per cent, analysts at the bank also downgraded their forecasts for oil prices as more supply from Russia than expected made shortages in the second half slightly lower than previously assumed. Technical signals also remain skewed towards bears, and the outlook for oil prices is expected to remain skewed towards volatile downside.

Crude oil yesterday, the technical surface of crude oil as a whole relying on the 74 pass ushered in a bottoming recovery repair sun, Asian and European prices stabilized 74 pass slowly upward rebound, high pressure in the afternoon 74.8 line repeated sideways oscillation finishing, and finally in the US market after the price of the second step back to stabilize 74.5 line ushered in a strong pull up break high, the evening price accelerated high puncture 75.9 line quickly fell back and stabilized 74.9 mark ushered in a second strong close, today's top pressure continues to pay attention to the vicinity of 76.5-76, day back pumping relying on this position to continue to see the main empty down, below the support of attention yesterday European disk neck line near 74.5-74, the day first relying on this range to see the long and short oscillation operation, 76.7 below still suppress the operation of the main.

Crude oil daily oscillation fell; MACD dead fork, KDJ dead fork, Bollinger Bands continue to open, oil prices are located below all moving averages, the 21-day moving average has a downward trend to cross the 55-day moving average, the last trading day lost last Friday's low near 75.05 support, recording a barefoot big negative line, suggesting that the downward momentum still exists, short-term oil prices face further downside risks, Bollinger line lower rail support is currently near 73.18, February 6 low support near 72.24, the position support is strong, need to be concerned, further strong support near the 70 integer mark, if it falls below the support, then increase the midline bearish signal. The above 75.05 position has been converted into the preliminary resistance, before recovering the position, the market outlook is biased towards the bears; the resistance of the 5-day moving average is near 75.53, and the 10-day moving average, the 21-day moving average and the 55-day moving average are currently around 77.24. It is necessary to recover this position in order to reverse the decline in oil prices. Overall, Chen Jinhao's personal suggestion on the short-term operation idea of crude oil today is to pull back more and rebound higher as a supplement. The above short-term attention 77.5-78 first-line resistance, the below short-term attention 75.1-74 first-line support.