Analysis of gold news: In the U.S. market on Thursday (September 21), after the Federal Reserve strengthened its hawkish stance on interest rates, gold prices continued their decline, dragged down by the surge in U.S. dollar and U.S. bond yields. As of press time, spot gold is currently trading at $1,916.25 per ounce, down 0.73% on the day. The Federal Reserve kept interest rates steady on Wednesday, but its latest quarterly forecast suggested it could raise rates again this year and keep them tight through 2024. Gold traders took the Federal Reserve’s longer-term higher message to heart, forcing gold bulls to temper their enthusiasm. The U.S. dollar climbed to a six-month high, weighing on dollar-denominated non-interest-bearing gold bars.
Today’s gold strategy sharing: It is recommended to focus on low and long callbacks, supplemented by rebounds from high altitudes. Focus on the first-line resistance of 1938 at the top and the first-line support of 1910 at the bottom.
Analysis of crude oil news: On Thursday (September 21), in the U.S. market, U.S. crude oil prices were trading around US$89.6/barrel. Oil prices have now closed the first real negative line in many days, showing that market sentiment has improved. Cooled down. After oil prices surged higher and fell back on Tuesday night, crude oil continued to fall during the Asian session on Wednesday. Oil prices fell back by $3 in just 24 hours. Such high and sharp fluctuations show that the market has accumulated a lot of floating chips after the continuous rise in the past period. , the accumulating demand for adjustments triggered profit-making exits, bringing uncertainty to oil price fluctuations. Recently, there have been clear differences in the views of major investment banks on the future of oil prices. Some are optimistic that oil prices will exceed 100 US dollars, while others judge that the effects of production cuts have been basically priced in, and there is a high probability that oil prices will peak and fall back later. This phenomenon also reflects that as oil prices reach a high level The variables in the market outlook have also begun to increase. Generally speaking, the tight supply situation is the core influencing factor of oil prices at this stage, so most of them are optimistic. However, some institutions have also begun to issue early warnings about possible changes in the oil price situation.
Today’s crude oil strategy: It is recommended to focus on rebounding high, supplemented by callbacks low and long. Focus on the first-line resistance of 90.9 at the top and the first-line support of 88.5 at the bottom.
The execution of gold and crude oil strategy must be done carefully, the above strategies are recommended only for reference.
