#Gate广场五月交易分享 Next Week Market Forecast


1. US Dollar Index
The US Dollar Index closed with a long shadow and a bearish candle this week. Next week, focus on the 98.4-97.4 fluctuation range. If the price breaks below the lower boundary of the range, look towards the 97-96.4 area; if it breaks above the upper boundary, target the 99 level.
On the daily chart, the candle closed bearish on Friday, indicating a high probability of continued weakness and a new low on Monday. Short-term support is around 97.8-97.4; closely monitor the gains and losses in this zone.
2. Gold
Gold temporarily broke the previous low this week and then rebounded. The weekly chart shows a long lower shadow bullish candle, indicating a generally strong trend. Next week, the market is likely to rise, with a priority on buying low. The key support on the weekly chart is near 4613; if the price touches this level, consider long positions. The main resistance above is around the high of 4765 this week.
If the 4765 resistance cannot be effectively broken, the market will remain in a range-bound oscillation; once it firmly breaks above this resistance, the market is likely to rise toward 4800, with further targets around 4900. Conversely, if it faces resistance and fails to break through, consider short positions on retracements.
On the daily chart, non-farm payroll data was released on Friday, with limited volatility, and the candle closed with a long upper shadow bullish candle. Based on the weekly pattern, the trading strategy for Monday is primarily long with some short positions as supplements. Short-term support is near 4702; if the price stabilizes above this level, consider long positions. The strong support is the Friday low of 4682, which is also a key long entry point. If the market unexpectedly breaks below 4682, and the price drops to around 4660, it is still recommended to buy on dips.
Short-term resistance is near 4729, with strong resistance at 4748. If the price faces pressure and does not break through, small stop-loss short positions can be attempted.
Trading suggestions: If the market rises first, consider short positions near 4729 and 4748 if not broken; if it falls first, consider long positions near 4702 and 4682 if not broken. After key levels are broken, follow the above analysis for further actions. Yesterday, I suggested short at 4725-36, long at 4700, long at 4714, and short at 4746-55.
3. Crude Oil
Crude oil closed with a long shadow bearish candle this week. Without major news catalysts, the overall trend next week is expected to be oscillating and bearish. Resistance above is near 100, with strong resistance at 107. If the resistance holds without being broken, consider short positions. Support below is at 88.7, with strong support zones between 85-78; if the price stabilizes above support without breaking, consider long positions.
On the daily chart, the price surged and then fell back, closing with a bearish candle. Short-term trading ideas for Monday: if the price touches around 95.7 without breaking, consider short; if it falls back to around 91 without breaking, consider long. In a ranging market, a rebound to around 98 can be used to re-enter short positions.
Risk reminder: The above analysis is for reference only. Market conditions change in real time. Trading should be based on actual market prices. Strictly control position sizes and implement risk management.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
MasterChuTheOldDemonMasterChu
· 05-09 10:19
Steadfast HODL💎
View OriginalReply0
MasterChuTheOldDemonMasterChu
· 05-09 10:19
Just charge forward 👊
View OriginalReply0
Ryakpanda
· 05-09 02:59
Hop on now! 🚗
View OriginalReply0
Ryakpanda
· 05-09 02:59
Just charge forward 👊
View OriginalReply0
  • Pinned