Gold Breaks Support, Crude Oil Now Short
Updated
At present, the daily trend of gold is basically going out of the previous wide range of shocks. At present, the short-term moving average has begun to hook up and diverge downward. On the daily trend, there are signs of breaking out and continuing to decline. The 4-hour level trend rebounded within the last day and basically completed the repair of the technical form. At present, the K-line continues to be under pressure and the short-term moving average maintains a weak trend. In the short-term trend, there is a high probability that there is still room for decline. The rebound strength and duration of the hourly trend are relatively weak, and there is no bottoming signal yet.
Operation suggestion: short near 1935, stop loss 1941.3, target 1925-1918
Crude oil is still temporarily fluctuating in a wide range on the daily trend. After a wave of rebound, the daily line has basically completed the technical form repair. The K line continues to be under pressure. The short-term moving average tends to continue in the daily trend downside. The 4-hour level trend is currently maintained in a narrow range, but the weak technical form has not changed for the time being.
Operation suggestion: short around 69, stop loss at 69.8, target 68-67.3
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