Breaking point gold: Yellen Draghi boosts gold crude oil production to increase the price

In the process of moving towards success, there is also the possibility of failure. However, failure should not be a reason for positivity under any circumstances. No matter how adverse the situation affects you, it cannot affect your own beliefs, even if you are present. I am still thinking about how to solve the short-selling. I should also think more about the possibility of the market having unlimited possibilities. It is necessary to clearly understand that apart from the unilateral extreme market, gold will always go ahead in the ups and downs. Although icebreaking has been bullish, I hope everyone Don't forget that the gold bears still have a chance. I hope that friends who have not kept up with the ice-breaking long-term operation will not be discouraged by the market. However, icebreaking will not give you a solution, because there is no solution in the concept of icebreaking. There is only a saying of stop loss, and there is no explanation. The success of any great entrepreneur must be inextricable and long-term, but more important is to have the right path.

Breaking ice knows clearly that in the process of gold rising, countless people are shorting all the way. This market is because of the zero-sum game. It is destined to be struggling with countless shorts in the process of rising, and the countdown is also countless. The bulls are struggling, waiting for the tomorrow of the solution, not as good as today. Today, following the trend well, there will be no waiting for tomorrow. We have been doing all the way since 1208 until today's 1290 line continues to do more, then it is clear that friends who follow the ice-breaking, do not have any risk in the trend of the right. Previously, we mentioned that a large number of singles in our layout below are the first target in 1300. This is very clear to tell everyone that gold is going to rise. This is only the first target. The distance of the second target in the future is still far away! Icebreaking will announce the target point at an appropriate time, but the band is still not suitable for public release. The previous 1208 band was announced on the 1250 line.

Basic news: Last Friday, the annual meeting of global central bank governors was held in Jackson Hole, Wyoming, USA. Before the speech of Federal Reserve Chairman Yellen, the US dollar index quickly climbed nearly 10 points, regaining the lost ground after Dallas Fed President Kaplan’s speech. But after Yellen’s speech, because there is no mention of monetary policy, but focus on the history of the crisis and the response of the regulators, ECB President Draghi subsequently said at the annual meeting of the central bank that the global economic recovery is enhanced and protectionism is global. The "serious risk" of the economy. He did not mention monetary policy, but in the Q&A session, he said that the ECB must “keep vigilant” and still need to provide monetary support before the euro zone achieves its inflation target. After Draghi’s speech, the euro/dollar violence rose and further rose to a high of 1.1940 since January 2015. At the same time, the US dollar index hit a low of 92.47 since May 2016, and the day fell by more than 0.8%. The US dollar continued its decline since Yellen’s speech, and the bulls were brutally beaten by the heads of European and American central banks.

On Friday, the four-level Hurricane Harvey swept across the Gulf of Mexico, an important energy hub in the United States. Bloomberg said that 2.26 million barrels per day of crude oil and condensate refining capacity were forced to suspend. Among them, according to estimates by the Texas Railroad Commission, about 300,000 to 500,000 barrels per day of oil production in Eagle Beach was interrupted; and according to the US Security and Environmental Enforcement Agency, there are about 378,600 barrels per day or 22% of the Gulf of Mexico crude oil production. line. According to data released by Baker Hughes last Saturday, the number of active domestic crude oil drills in the US fell by 4 to 759 in the week ended Aug. 25, the second consecutive week of decline, and the largest two-week decline since May 2016. It indicates that the impact of shale oil companies' spending cuts is still fermenting. On the other hand, US domestic crude oil production has increased by 26,000 barrels to 9.528 million barrels per day, which has remained above 9 million barrels per day for 27 consecutive weeks, since July 2015. The highest level seems to indicate that the slowdown in the number of active drillings will not help. EIA data shows that US crude oil production remains the biggest threat to oil prices.

Last Friday, the gold was harvested from the big Yinxian line, so it is clear that the bulls have once again recovered their lost ground. Opening at 1280.20, closing at 1291, the highest hit 1294.5, the lowest reached 1276.5 first line, the Asian market time after the opening of the market continued to oscillate upward, the European market time continuation of the Asian plate volatility trend, the US time market broke through the previous high point reached 1292 line Then, before Yellen’s speech, due to the sharp increase in market volume, there was a flashback. After analyzing the gold trend, I thought that most of the transactions were for long-term profit, or that the bulls deliberately suppressed to get lower price chips. Gold fell sharply. However, in the vicinity of the strong support below, it was strongly supported by the support and completed a terrible reversal.

Breaking the ice point: Yellen Draghi boosts gold, crude oil production increases, suppress prices

The current trend of gold 4 hours is in the shock range. The rise on Friday night did not form a substantial breakthrough. From the K line, the market is experiencing a small correction and a big Yang line rises. It is obvious that K On the online entity form an engulfing pattern, and the current K line is near the high point of last Monday night, then the K line is cautiously bullish overall, waiting for a breakthrough and then strong intervention. On the moving average, all the moving averages of the current moving averages are glued. The 60MA is flat on the 1284 line. In the future, most of the shocks are seen. However, after the K-line is adjusted back to 120MA on Friday, the market is strong, and the logic of the K-line and the moving average becomes obvious. The action of the bulls to take out the support, this behavior makes the probability of the breakout interval increase.

Breaking the ice point: Yellen Draghi boosts gold, crude oil production increases, suppress prices

In terms of indicators, the current KDJ is close to high, KDJ first experienced a rise after the passivation below, then the market broke 1294.5, KDJ's J line has the possibility of further overshoot, otherwise, KDJ will fall mainly in the day. . MACD currently continues to operate along the zero-track line. The future is still dominated by shocks. The current MACD is near the zero-track, so the high point of August 11 and the high point of August 18 are formed. Looking at the top of the divergence, the current MACD is near the zero track, and the probability of rising in the future is greater. On the whole, the current trend of gold is in urgent need of rising. Except for KDJ, all indicators have the probability of rising, so the current market considers the light warehouse to be more near the support below the hourly level structure.

Breaking the ice point: Yellen Draghi boosts gold, crude oil production increases, suppress prices

Silver 4 hours level market trend, at present, there is a clear engulfing bullish pattern on the K line, and now the follow-up K line also hits the previous high point again, then the silver moves in line with gold. What is seen from the K line is the finishing form and the breakthrough, and the probability of following the K-line selection direction is large. On the moving average, there is a clear multi-level moving average at the 4-hour level of silver, which means that the probability of silver continuing to oscillate in the future is greater, but as time goes by, the probability of future breakthroughs increases sharply, and the direction of breakthrough is in the day. From the perspective of the line level, the daily line back to the Bollinger Band Middle Track, then the probability of future trends continuing to rise is greater. The indicator is also an indicator that follows gold. So comprehensively, the trend of silver in the late stage is dominated by bulls.

Breaking the ice point: Yellen Draghi boosts gold, crude oil production increases, suppress prices

The 4-hour crude oil level is currently following the trend of last Friday. The K-line has now risen to the vicinity of our previously short-selling position. From the K-line, the crude oil bull market is temporarily in a weak position since August 18th. Since the late Yangmei line, the large-yin line has been dominated by the big Yinxian line, the high point is lower than the previous high, and the low point is lower than the previous low. Then it is clear that in the small cycle, the market is in a volatile downward trend, the weak structure of the decline, and to some extent there is the possibility of a down channel, and the trend on the K line is mainly short. On the moving average, the current moving average is a more obvious top-to-bottom conversion stage. In the whole structure of the market, the K-line and the moving average are very closely linked. The K-line touches 60M and 120MA each time, and there is a clear decline. In the average direction of the cost theory, the future short position is the main control position, but the entanglement action on the K line in the 60MA line has to prevent the sudden attack of the bulls.

Breaking the ice point: Yellen Draghi boosts gold, crude oil production increases, suppress prices

In terms of indicators, KDJ is now going up again with a passivation below, so it is obvious that the current position is still likely to continue to rise for a while, so the current chase should be careful, MACD indicators are currently looking at the long and short It is possible that since August 23, the MACD's instructions have become weaker and weaker, and the overall formation of the shock trend, then the overall form of crude oil is mainly short, and the current consideration is the point problem. On the whole, the current trend of crude oil is mainly short, but it does not rule out the possibility that the market will continue to rebound. The operation suggestion wait patiently for the short-selling idea around 49.3, stop loss 49.7, and look at the 47-line support level.

On the whole, the gold trend is dominated by the bulls, the finishing platform moves up, the lower support is 1289, 1282, and the upper pressure is 1294, 1300. The trend of silver is also dominated by bulls, with support at 17.00 and 16.72 and pressure at 17.30 and 17.74. The crude oil trend is also dominated by short positions in the future. The upper pressure is 48.50 and 50.20, and the lower support is 46.70 and 45.37.

Breaking the ice point of the sixteen-character policy: cash for the emperor's position as the emperor's point for the stop loss to the holy

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