11.25 Foreign Exchange Gold Futures Crude Oil Real-time Market Trend Analysis and Today's Latest Operation Suggestions

"Analysis of the latest gold market"

Gold News Side Analysis: In the Asian market on Friday (November 25), spot gold remained firm, with gold prices trading near $1,756/oz. Gold prices rebounded above the key $1,750 mark on Thursday, after the Federal Reserve released meeting notes suggesting that the pace of interest rate hikes will slow. Spot gold closed at $1,755.50/oz on Thursday, up $6.40 or 0.35%, and reached a high of $1,758.59/oz during the day. The Federal Reserve's November 1-2 meeting notes showed that the "vast majority" of Federal Reserve policymakers agreed that slowing the pace of interest rate hikes "may soon become appropriate". Market activity was relatively mild ahead of the U.S. Thanksgiving holiday. Meanwhile, physical gold demand in Asia remained weak this week, with premiums falling further in major gold hub China as new restrictions from the COVID-19 epidemic dimmed activity, while rising domestic prices in India put most buyers off.

A weaker dollar makes gold cheaper for overseas buyers. Lower interest rates tend to boost the attractiveness of gold compared to other interest-bearing assets. High interest rates limit gold's traditional status as a hedge against high inflation and other uncertainties this year, as high rates translate into higher opportunity costs for holding such non-yielding assets. Federal Reserve meeting notes from Nov. 1-2 showed that a "vast majority" of Fed policymakers agreed that slowing the pace of rate hikes "may soon become appropriate." Some participants noted that slowing the pace of rate hikes is appropriate as monetary policy approaches sufficiently restrictive levels. In addition, a vast majority of participants felt that slowing the pace of rate hikes would be appropriate soon. Fed funds rate futures are now moving towards an 85 per cent chance that the Fed will raise rates by 50 basis points at its December meeting after four consecutive 75 basis point rate hikes. The dollar was broadly lower following the Fed meeting notes, further boosting the overall trend in gold and precious metals.

Gold technical analysis: Yesterday, the gold market rose slightly. After opening at the 1749.4 position in the morning, the market rose slightly after stepping back on the 1749 position. After the daily line reached the 1758.6 position, the market was sorted out. After the daily line finally closed at the 1755.1 position, the market closed with a slightly longer upper shadow line. After this pattern ended, yesterday's market may still remain consolidated during the Thanksgiving holiday.

Yesterday's basic market price was less than $10, mainly due to light trading. Excess words do not say long and short conversion again to verify the perfect, since 1786 tips short target 1730 area, this week the lowest basic all in place, then Saudi Arabia upset again prompts 1730 run more, the current 1760 near the rebound of $30 range, of course, this wide shock wash, long and short or in the game Fed monetary policy turn, Fed minutes show that slowing interest rate hikes 75 basis points range, not to stop raising interest rates, while interest rates are expected to be appropriately raised 5% to 7% area, indicating that tight monetary policy is still in, at the same time this news slowdown is not stopped, after December 14 interest rate hikes 50 basis points, will not raise interest rates sharply, but 25 basis points interest rate hikes with shrinkage at any time, after all, inflation is 7.8% from the expected 2 % Obviously there is still a distance, that is to say, there is no bull market in gold for the time being. This round of rebound is a shock 2074 double-top rebound repair, and the neckline 1820 is not touched. It is a normal technical repair, not a reversal.

This strong pressure on the 1787 area rose and fell, indicating that even if the pressure rebounds again, it will eventually rise and fall. Not to mention the 1820 area, it is 1787. It is currently out of reach. After all, the previous time when the US dollar was 105.5, gold rose continuously. This time, the US dollar reached 105.8, and gold still traded sideways at 1750. Obviously, this bull has insufficient momentum. During the World Cup and holidays, more traders rest, and there is no unilateral market with continuous large capital fluctuations. Therefore, after the 1730 rebound, it will rise and fall at any time. Today, the 1775 pressure is expected to continue to be short.

After four days of adjustment, the current basic first target 1730 is in place, and it is also the sky map ahead of 1730. At present, it is basically in line with expectations. So now the pressure in the 1760 to 1770 area is obvious. Since the interest rate hike has been expected to slow down, the last Federal Reserve meeting also prompted that the gold 1616 wave of rebound has been reflected in advance, so the magnitude of the aftermath is definitely not as large as the previous period. Therefore, at present, 1760 is not going to chase after the long, and it is ready to short and wait for the rise and fall back. The interest rate hikes and shrinks the balance sheet to tighten the monetary policy unchanged. At the same time, it is not afraid to raise interest rates at any time. In fact, it is afraid of boiling frogs in warm water. The tightening monetary policy has not turned, and the inflation has not reached within 4% or continues to be bearish On the whole, gold's short-term operation ideas today are mainly based on pullbacks, supplemented by high-altitude rebounds. The top short-term focus is on the 1775-1780 line of resistance, and the bottom short-term focus is on the 1747-1742 line of support.

"Analysis of the latest crude oil market"

Crude oil news analysis: November 25th (Friday) Asian market early trading, US oil traded near $77.97/barrel; oil prices held near a two-month low on Thursday, the Group of Seven (G7) proposed price ceiling level for Russian oil has raised doubts about how much this can limit supply, US gasoline inventories rose more than expected, and epidemic concerns also added downward pressure on crude oil prices, due to coinciding with the US Thanksgiving holiday, trading was quiet. Overall, epidemic concerns increased downward pressure on oil prices. Although the G7 still has some differences on the Russian oil ceiling, it is necessary to be vigilant towards the end of the weekend to reach an agreement and increase the risk of short-term decline in oil prices. In addition, be vigilant of the risk of uncertainty about infectious viruses.

Technical analysis of crude oil: yesterday's crude oil market opened at $77.457/barrel in the morning, after the market fluctuated slightly, the daily line gave a minimum of $76.919/barrel, after the market rose, the daily line reached a maximum of $78.238/barrel, after the market was sorted out, the daily line finally closed at $78.141/barrel, after the market closed with a long lower shadow line, and after this pattern ended, the daily pregnancy line structure, crude oil fluctuations are expected to continue. The four-hour level shows that the oil price has a double bottom support, and the four-hour MACD has once again reached a golden fork. Although the market has fallen back to a certain extent, it is still within the coverage of the previous rising range. In the absence of further negative factors, oil prices are expected to fluctuate and strengthen. In summary, Jin Heng concluded: crude oil low shock, 82.3-75 range break will be regarded as a new trend, today's operation to consider the retracement of the layout of multiple single-based. Overall, crude oil today's operation ideas on Jin Heng suggested to step back low more, rebound high as a supplement, above the short-term focus on 79.7-80 resistance, below the short-term focus on 76.7-76 support.