US dollar index ($USD)

Fundamental analysis:

The US dollar index remained flat at 94.21, not far from the one-year high of 94.504 hit last week. The overnight volatility reached 10.93%, and the US non-farm employment report will be released on Friday. The number of initial claims for unemployment benefits in the United States decreased last week, but the number of layoffs in September rebounded from a 24 year low, partly due to hospital layoffs of unvaccinated employees and a lack of workers forcing some facilities to close. Some senior analysts believe that today's market is quite typical of the dullness before the release of non farm employment data. I think we may have been stuck in a range like this until the employment report is released, but even then, considering that the reduction in quantitative easing in November looks almost certain, any weakness in the US dollar should subside. According to an institutional survey, the non farm employment data to be released on Friday is expected to show continuous improvement in the labor market, with 455000 new jobs expected to be added in September.

Technical analysis:

On a daily basis, the US index closed higher, with sustained action on the MACD. RSI fell after touching 70, with support from daily Fibo 23.6 and 38.2 below the price. The 4-hour price range fluctuated, and the MACD remained active, while the RSI remained between the 70 and 50 axes.

Gold (XAUUSD)

Fundamental analysis:

Gold prices fell on Thursday, with spot gold closing 0.40% lower at $1755.78 per ounce as the US reported a decrease in initial jobless claims from last week ahead of Friday's monthly employment report, which boosted US bond yields and sparked bets that the Federal Reserve may soon begin to reduce economic support. Last week, the number of initial claims for unemployment benefits in the United States recorded its largest decline in three months, indicating that the labor market recovery is recovering momentum after experiencing a recent slowdown as the virus infection begins to subside. Some senior analysts believe that the report has helped push up government bond yields and driven the US stock market up slightly, putting pressure on gold prices. In addition, the US debt ceiling may be extended to December, so it has played a calming role in the market, which is good for the stock market and bad for gold. The US dollar has slightly declined from a one-year high, but is still boosted by lingering inflation concerns and expectations that the Federal Reserve will have to take action earlier to achieve policy normalization. Prior to the release of Friday's September employment report, strong private employment data also encouraged bets that the Federal Reserve may soon begin to reduce quantitative easing.

Technical analysis:

The daily level prices closed down yesterday, facing dual resistance from the China Railway and the daily line Fibo 38.2 above the price. RSI remained below the 50 axis, and action under the MACD could weaken. The belt opening of the 4-hour level Bollinger belt tightened, and the MACD movement was able to approach the end with signs of top deviation, RSI fell below the 50 axis.

Trading strategy: Four hours to see the decline and step back, daily strategy to support long after stepping back, and today's multiple orders are aggressively entering near 1749, with a stop loss of 5-10 and a stop profit reference of 1777

Silver (XAGUSD)

Technical analysis:

The daily level fluctuates continuously, but the upper part is still constrained by the dual resistance of the mid track of the daily Bollinger belt and the daily Fibo 38.2. The action under MACD can be slightly weakened, and the RSI is close to 50. The pocket opening of the Bollinger belt is tightened and deviates from expectations. On the 4-hour level MACD, the movement can gradually stabilize, and RSI has broken through the 50 axis.

Trading strategy:

Long on dips, with aggressive entry of multiple orders around 22.48 today, with a stop loss reference of 0.3-0.3 and a stop gain reference of 22.7 breaking through to see strong resistance of 23.1%