Gold Strategy: Short-term Long and Long-term Short Setup, Futures Oil Trend Analysis and Trading Recommendations

Deep News
昨天

October 13th Gold Real-time Market Analysis: It seems that every Monday during the Asian session, gold tends to rally upward. Today's intraday gold price high has been updated to the 4078 level, requiring one more box conversion, which would be the timing for my staged short positions. From a technical perspective, the near-term resistance above is in the 4080-4086 range. If this area shows resistance today, defensive short positions can be held to observe the downward momentum. If there's a solid breakout above the 4086 level, further upward movement is expected, with higher resistance levels to watch at 4098-4105.

For support levels, focus directly on the 4055 and 4040 nodes. The morning gap-up pullback low was 4024, which can serve as today's long-short dividing line. Additionally, the US Dollar Index turned negative on Monday, breaking below the 99 level, and silver opened higher today with synchronized gains of 3.27%, all factors that are favorable for gold prices. Overall, gold appears bullish in the short cycle, but gold's price characteristics have been repeatedly verified - breaking new highs is difficult to sustain. For short-term operations, suggest buying on pullbacks and attempting short positions at high resistance levels for swing trades.

Gold Strategy: Current real-time price around 4070. 1. Buy on pullback to 4055-50 area, stop loss at 4045, target 4065-4075; 2. Sell on rally to 4082-86 area, stop loss at 4091, target 4065-4050, reduce position on break below; 3. Place short orders at high levels of 4098 and 4108, stop loss at 4117, target 4050-4000, hold on break below;

Oil Real-time Market Analysis: Oil's weekly zigzag reversal indicator has bottomed out, with the 60 level showing solid breakout. I still don't believe there's much downside space remaining below. From the chart perspective, oil futures opened higher in early trading today. Short-term focus is on whether the morning pullback can break below 59.2 - if not broken, continue to treat short-term moves as rebounds. Current resistance above is also clear: daily MA5 resistance at 60.3, daily MA10 at 60.7, and the previous Fibonacci 23.8 level at 61.1 has transformed into a strong resistance node. Further upward movement would require breaking above these levels.

For support, watch the morning low of 59.2. If 59.2 is broken, expect continuation but with limited downward momentum. Support below focuses on the convergence of 4-hour and daily Bollinger lower bands at 58.2, which was also Friday's late-session pullback low. This week will very likely see a bottoming rebound above 58.2. If 58.2 is broken, further testing of the weekly lower band at 57.1 is expected, with weekly SAR indicator support at 55.5 and previous low of 55.1 serving as final defensive ranges. Overall, oil prices are consolidating at low levels. At the beginning of this week, treat levels above 58.2 as bullish. Today's operations suggest mainly buying on pullbacks, with shorts on high-level resistance.

Oil Strategy: Current real-time price around 59.8. 1. Aggressive short at 60.3-60.7 area, conservative short at 60.7-61.1 area, default 7-point stop loss, target 59.5-58.5; 2. Buy on pullback to 58.3-57.8 area, stop loss at 57.4, target 60-61.2, hold on breakout;

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