Investing is a long-term process and also a journey of self-cultivation. Impatience won't help you succeed, and wealth doesn't come to those who are in a hurry. To be a hunter in the investment forest, you must have patience; otherwise, you will become the prey to be harvested by others! No amount of talk is as practical as a viable profit. In life, there are always more disappointments than satisfactions, and there is always a big gap between imagination and reality. Perhaps a single sentence from Qinghan could help you break through a problem that has been bothering you for a long time, or perhaps one of my trading views could help you avoid some losses, or perhaps one of your attempts could lead you to the right direction in investing. (By Shen Qinghan/sqh3066) Gold trend analysis: After the release of U.S. CPI and unemployment claims overnight, the U.S. dollar index rose and then fell, and gold rebounded upward, allowing the previously weak pattern to continue to operate within a range. In addition, based on the lack of significant pullback in the early morning and the retest of the 2631 area, it is difficult to have a large downward space for the day, increasing the demand for continued rebound. The previous trading day focused on the 2604 bottom support to see the rebound first, then focused on the 2624 top and bottom positions to see the downward trend twice, and after the late plate three times to 2624, we did not enter again, and finally broke through 2624 and rose, this round of correction is likely to stop at the 2604 position!
Gold has repeatedly touched the 2600 level but has not been able to break down successfully. At present, the one-hour chart has reached 2602 three times and has been lifted, with obvious support effects in the 2600-2602 area. Moreover, gold has already broken through the previous 2624 suppression, and it will continue to rise in the short term. In terms of operations, we will mainly focus on long positions! In the 4-hour chart, the stochastic indicator forms a golden cross upward, and the main trend is upward; the 4-hour chart has not yet formed a death cross, and only after the death cross breaks through can the gold fall space be opened. At present, the gold price on the one-hour chart is operating above the moving average, and the moving averages have overlapped and are about to form a golden cross, which is also a foregone conclusion, and this will inevitably boost the momentum of the bulls. Today, pay attention to the support of 2625-2620 below and the pressure of 2650-2660 above. The operation is mainly based on the rebound of the callback. Gold trading strategy: It is recommended to retrace to 2625-2627 for long, stop loss at 2617, target 2640-2650; 2652-2650 for short, stop loss at 2660, target 2630-2620. Crude oil news: On Friday (October 11), in the European morning, international oil prices fluctuated narrowly and fell, with U.S. crude oil currently trading at $74.82 a barrel. Oil prices rose nearly 4% on Thursday, boosted by a surge in U.S. fuel consumption before Hurricane Milton swept through Florida, risks to Middle East supplies, and signs that energy demand in the U.S. and China may grow. Brent crude futures rose $2.82, or 3.7%, to settle at $79.40 a barrel on Thursday; U.S. crude futures rose $2.61, or 3.6%, to settle at $75.85 a barrel on Thursday. Investors need to continue to pay attention to geopolitical news today, focus on changes in U.S. crude oil drilling data, U.S. September PPI data, and the University of Michigan's consumer confidence index for October, pay attention to China's M2, social financing scale and other monetary data, and continue to pay attention to speeches by Federal Reserve officials. Crude oil technical analysis: Crude oil yesterday experienced a pressure drop process, after rising to the 76.2 area, oil prices gradually fluctuated and fell, touching the lowest point of 74.6 and hovering. On the daily line of crude oil, after the big Yang line, a big Yin line appeared, showing signs of giving up all the gains. The upper rail of the 4-hour Bollinger Bands turned downward and closed, and the SAR parabolic line indicator appeared at a high position, so the 76.2 in the morning can be preliminarily regarded as the highest point of this week. Since the monthly line 77.6 position is difficult to stand firm, subsequent rebounds close to the resistance node can be shorted to see a significant drop. Pay attention to the support of $72.3 below, and if it breaks down unexpectedly, it will continue.
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