Gold
On Tuesday, the Asian gold market just broke through the US$1870/oz. The dollar index continues to be under pressure, which is now at 90.10. The situation in the Middle East has escalated and the conflict between Israel and Palestine has intensified. For now, as a loyal ally of Israel, the United States has not made any remarks on this, and gold is also continuously promoted by risk aversion, US Federal Reserve vice chairman Clarida's dovish comments on Monday, coupled with weak US economic data, pushed gold prices under pressure. From a technical point of view, the gold upward movement can be strong for three consecutive positives on the daily line, Upward angle of 45° for H4 reflects perfect upward strength. The moving average continues to diverge and runs along the upper track of BOLL. The MACD line can be expanded.Overall prioritise Buy on Low on fluctuation zone. The deciding point whether to buy or sell is near 1875
Resistance：1875-1885-1900
Support：1864-1856-1845
Crude Oil
On Tuesday, the Asian crude oil hovered around US$66.50, and oil prices rose more than 1% on Monday. Data showed that Saudi Arabia’s March crude oil exports fell to the lowest level since June 2020, while production fell. Total crude oil exports fell from 5.625 million barrels per day to 5.427 million barrels per day in February. Earlier, the surge in new crown cases in Asia and poor manufacturing data in China led to a decline in oil prices. The restart of the European economy and increased demand in the United States have driven crude oil benefits to continue to rise. From a technical point of view, crude oil is bound to test the 66.70 first-line resistance, the upward probability is greater, and the indicators are running well. It is located at the upper edge of the box-shaped shock for H4, and the indicator is bullish. Overall prioritise operation on fluctuation zone. The deciding point whether to buy or sell is near 66.70
Resistance：66.70-68.00-69.00
Support：65.80-65.10-64.50
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.