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Seats are limited, so act fast. Let us go together to the appointment with sustainability! [Click to register] On Wednesday, October 15, CPI data unexpectedly favored the dollar, and the dollar index briefly surged to 102.92, but all of the gains and losses were recovered overnight, with three consecutive bearish candles on the 4-hour cycle dragging it down to 101.84, which became the direct trigger for gold's retaliatory rebound. In the early morning, the gold price staged a deep V-shaped reversal, making it yet another combined long-short punch from the CPI market. At present, the dollar is still holding strongly above the 100 mark, and the Nasdaq has fallen from this week's high of 31,060 to 29,605 without any sign of bottoming yet. The trend direction has not changed, and gold is expected to remain on a downward path after the rebound repair, with the possibility in the remainder of this week of testing the monthly Bollinger middle band defense point at 4,042. The morning rebound high of 4,161 and yesterday's high of 4,170 form today's resistance zone, and before a breakout the bias is toward shorts; if there is an upward breakout, then the two resistance nodes at 4,185 and 4,205 will be tested in turn. On the support side, watch the support band formed by the 1-hour Bollinger middle band at 4,120 and the 4-hour MA5 moving average at 4,115, and if that breaks downward, watch the 1-hour Bollinger lower band at 4,090 and last night's low of 4,073, while the nodes for this week's long bets on a reversal are also referenced at 4,054 and 4,042. Overall, with news flow in the driver's seat, gold's short-term rebound is unlikely to change the pressured pattern, and in trading it is advisable to maintain a bearish bias below the resistance zone with strict risk control. Gold reference strategy: the real-time quote is around 4,135, and the 4,160 short order given in the morning hit the take-profit perfectly. 1. Go long on the first touch of the 4,121-4,115 area below, stop loss 4,110, targets 4,135-4,152; 2. Go short on a rebound into the 4,155-4,165 area, stop loss 4,173, targets 4,135-4,115-4,090; 3. If there is an upward breakout above 4,170, it will change the short-term downtrend, so wait for a pullback to 4,162-4,157 to go long, stop loss 4,150, targets 4,180-4,200; 4. Go short at the high zone of 4,198-4,205, add to short positions at 4,215, stop loss 4,222, targets 4,150-4,100-4,050; the market's news-driven long-short tug-of-war continues. On one hand, the United States is considering easing shipping sanctions to push oil prices lower, and combined with the gradual fading of geopolitical risk premiums, supply-side pressure has eased somewhat; on the other hand, the bullish API crude inventory draw failed to effectively lift prices, reflecting that the market's concerns about the demand outlook and sanctions relief are prevailing. The dollar index holding strongly above the 100 mark also weighs on dollar-denominated crude oil. Crude oil's 4-hour cycle technical picture is flashing bearish signals. The SAR indicator has topped and turned, the 4-hour Bollinger upper band has turned downward, while the lower band has moved up in tandem, and the three-line contraction pattern indicates that the short-term volatility range is being compressed, with today more likely to maintain a range-bound to bearish move, tentatively fluctuating within the 4-hour upper band at 96 and lower band at 91. On the upside, watch resistance at 95.1 and 96, with a bias toward the previous high of 96.8 if extended, and as long as that zone is not broken the bearish view remains unchanged. On the downside, support is first seen at the daily Bollinger middle band at 92.4, and further below reference the support range formed by the 4-hour lower band at 91 and the daily MA60 moving average at 90.3; if the 90 mark is broken, further downside space may open up. Overall, with the news flow bearish and the technical SAR topping, intraday it is advisable to maintain a bearish bias below the 95.1-96 resistance zone, targeting the 92.4 and 91 support band; if the price unexpectedly rises above 96.8, then the short-term direction needs to be reassessed, and in terms of operations it is recommended to focus on shorting on rebounds, supplemented by going long at lows. Crude oil reference strategy: the real-time quote is around 93.8, and low-level pending orders reference yesterday's idea. 1. Go short on a rebound into the 95-96 area, stop loss 96.5, targets 92.5-91.5; 2. Go long in the low zone of 91-90.3, stop loss 89.5, targets 93.5-96; Sina partner platform futures account opening is safe, fast and guaranteed. Sina statement: this news is reprinted from Sina partner media, and Sina's publication of this article is for the purpose of conveying more information and does not mean it agrees with or confirms its views or descriptions. The article content is for reference only and does not constitute investment advice. Investors who act on it do so at their own risk.
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