Gold continues to fluctuate at a low level, still falling this week Daqi Financial looks at gold

The U.S. dollar index rose sharply to around 108 yesterday and is still high today. It fell back to 107.6 or close to yesterday's low, looking towards 108.4.

Gold fluctuated at a low level for three consecutive days and closed overcast yesterday. This closing line proves that the market is still very weak. Therefore, today's rally continues to be empty. For the market to reverse, there must be a rapid decline before it can recover. The resistance near the daily line 1739 can be empty, but the hour line is at 1736.6, that is, the market weakens, and it first falls to the vicinity of 1736. The target below is still around 1722, but this kind of market sometimes needs to guard against low-level shocks brought by washing dishes.

Operational suggestion: close to yesterday's high point, if it weakens, 1736.6 will fall first, and the target will be around 1728-1722. If it falls below 1721, continue to be bullish at $10. Yesterday we left 1840-1742 empty, with little volatility.

Whether it is crude oil breaking through 103.8 in early trading, or shorting at 103.8 and 103.5 in European trading, both profit above $1.

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Crude oil fell to 105 yesterday, as this position is almost 618, the daily line finally closed with a long lower shadow. Looking at the daily market price alone, it can go up or down, but combined with the weekly line, it still tends to be high. At present, the upper resistance near 104.2 can be empty first, and the lower support near 102.2 can be long. Looking at 105.2, we can continue to be short, and crude oil should be prevented from falling below the fake. Recommendation: 104.2-102.2 before the high and low break. If it breaks, it will see $1. You can keep going short. If it breaks below 102.2, you will see $1-3.