On November 18, foreign exchange gold trend analysis; London gold and silver spot market operation

Gold News Analysis

Looking at the trend of gold, 1785-6, the pressure level we emphasized with everyone, did not break. Last trading day, gold fell all the way from around 1774, and the European market fell below 1765-6, a short-term support inertia. During the US market period, under the short-term pressure of the data, the second decline reached the lowest level of 1754, and then the shock reversed. During the day, we will pay attention to the re-stabilization of 1765-6. The effective stabilization will continue to see the rebound unchanged. We cannot stabilize in the short term and see phased adjustments and corrections.

Operation strategy: Gold step back near 1755-4, defend 1747, look at 1765-6, break the position and look above 1770-80

Analysis of crude oil market trends

Crude oil volume fell further yesterday, breaking through two lows of 84.082.0 in a row. Since the beginning of the week, after the reverse pumping formed a downward channel, it has maintained pressure conversion below the downtrend line from mid-week to yesterday. Yesterday, the volume broke low initially, and the daily line closed at a low level, the negative line closed low, and the short-term may continue, and after the break. The 84.0 area formed a strong resistance, and the break accelerated after repeated tests at the end of last night. The daily line saw a further decline. News: The spread of the epidemic and concerns about more aggressive interest rate hikes in the United States squeezed demand.

The 4-hour chart is still running in the downward channel. After breaking the low point, a weak continuation is formed. After breaking through the 82.0 low point yesterday, the 4-hour end of the previous wide oscillation range, and the number of tests near the 84.0 low point is more. After breaking the low point, the resistance of the top and bottom conversion will also be stronger. After the K-line even fell, it closed at a low level. Today's Asian market rebounded and corrected first, and the European market saw a further continuation of the downward trend. After the 1-hour chart even fell, there was a certain time to clear the sideways at the end of last night. Today, we should pay attention to the rhythm of strength and weakness. Weak market is a direct decline after the sideways, and a strong correction will be accompanied by a rebound. The main idea is to maintain the rebound short, and combine the form to determine the position of entering the short. Weak

Operation strategy: 82.70-83 near air defense 84.05 target 81.30-80 30.

Analysis of silver market trends

After the silver market opened at 21.453 yesterday, the market rose slightly, giving a position of 21.469, and then the market fluctuated and fell back. After the daily line gave a minimum of 20.734, the market was sorted out. After the daily line finally closed at 20.936, the market closed with a large negative line with a longer lower shadow line. After this pattern ended, today's market has continued to adjust demand. At the point, the 21.9 short position reduction the day before yesterday followed up with a stop loss at 21.7. If today's market rises first, it will give a 21.25 short stop loss of 21.45. The target below will look at 20.7, and the drop will look at 20.45 support.