Zhang Wenhui: Short term chronic recovery of gold crude oil

(Data map)

Gold continued to rise in volume yesterday. The market opened to consolidate its momentum, and the European market continued to break the high. The highest reached the 1949 high. With the rise and fall of the dollar, the second trading day continued to fall, and gold holdings extended to rise. The daily closing small positive K line has a certain shadow line. The daily line has slightly slowed down after rebounding close to 0.618 resistance, and is expected to start contracting and concussion next. Step by step approach, after the previous bottom recovery volume. Continue to return to shock and sawing. Shock is normal. Unilateral market is short-lived.

The 4-hour chart relies on the two waves rising formed by the middle track of Bolin Road. At present, the space of two waves has been released from the first line of 1903 to 1949. The weekly line of today and tomorrow ends. It is very likely that it will become a shock or be accompanied by a certain high sounding and backward stepping confirmation. As a rising wave table in a volatile market, it is usually to re plan the interval and short-term direction after the end of the second wave. Therefore, although the trend is bullish today. But I dare not chase too high. Wait until you step back, and then choose the machine to do more. At present, the rising trend line of the 4-hour structure is around 1925-1930, which is a multi head defensive point, and the trend line remains much lower. Support in 1935. The Asian European set retreated close to 1935, and more defensive 1928 targets 1949-1955. Don't look too high in space.

The crude oil rose slightly in the small positive line yesterday, and the overall space was not large. It was maintained in the partial contraction and consolidation, and the daily line closed in the small positive line. The chronic consolidation and recovery are now in the stage of preparation. Structurally, it started to rise steadily. Previously, it had been consolidated for a long time near 77.80, forming a structural platform with stable support.

Four hours of continuous bottoming and rebound are on the stable upward channel. At present, relying on the middle track of Brin Road as the support point for upward movement, the short-term recovery is chronic. Today's operation is still based on the middle track as the support axis for bargain hunting and long buying, with the sub low point of 79.30 as the support defense point. The middle track coincides with yesterday's low of 80.80, and today it still retreats around 80.80-81.0. Watch the defensive 80.0 target and watch 82.0-83.0

[Disclaimer: The above views are for reference only. Investment is risky, and you should be cautious when entering the market.]

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