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Liang Ge earns a fortune daily (12.2) — The US dollar index rebounds after hitting the bottom! Gold and silver are under pressure and falling!
Dollar Index: Yesterday's decline followed by a rise met expectations, dropping near 99.5 to 99-98.8 before recovering. The daily stochastic indicator shows a death cross leaning bearish but is at a low level, while MACD is flattening, with lower support at 98.8-99. The 4-hour stochastic indicator shows a golden cross, and MACD shows signs of a golden cross as well, with resistance at 99.8. Relying on support at 98.8-99 during the day, consider a short position near 99.8.
USD/JPY: Following the dollar's bottom rebound. Daily stochastic indicators and MACD have a death cross, support at 154.8. 4-hour stochastic indicators show a golden cross, resistance at 156. Intraday range is 154.5-156, suggesting to sell high and buy low.
Gold: Yesterday's high was followed by a pullback, with a short-term bearish bias. The 4-hour stochastic indicator shows a death cross, with support at 4195; the daily indicator is showing a dull oscillation. Short positions between 4220-4230 during the day, and short longs near 4195.
Shanghai Composite Index: The ETF has returned to around 3915, stabilizing after a dip, with resistance at 3950. One can hold the previous layout in the 3800-3850 range.
Crude Oil: Fluctuating trend, support at 58.9-58.6 below, can follow up based on this level during the day.
Euro: The upper track on the daily chart is under pressure, with a short-term bearish bias. Resistance is at 1.1650, and the price is oscillating downwards on the 4-hour chart. A short position can be considered around 1.1625, with support near 1.1570 for a potential long position.
Disclaimer: Personal opinion, for reference only. Investment carries risks; please proceed with caution.