12/16 Morning Review Haohan Liujinwen: Yesterday's gold and crude oil each had their own "script".

Gold formed a high and low reversal T-line yesterday, with long positions entering near 4304 in the morning and short positions around 4345 during the European session, both achieving decent profit margins. Friends who kept up with the rhythm should have gained.

Currently, gold is still in a high-level oscillation repair, with the pressure at 4350 clearly visible; the daily line has been showing long lower shadows, indicating that upward momentum is slowly diminishing. Looking at the 4-hour chart, the short-term moving averages have started to slope downwards, and the K-line is being pressed down by the moving averages, overall showing a weak oscillation state with a high probability of further downside in the short term. The hourly line is now oscillating at a low level, but the rebound lacks strength. Next, we should be cautious: first, a slight adjustment for repair, followed possibly by a second decline. Tonight, there will also be the November non-farm payroll data, which is likely to bring volatility to the market, potentially breaking the current oscillation stalemate.

Now, talking about crude oil, yesterday continued the downward trend, closing with a small bearish candle, with a clear trend.

The daily line has already broken the previous support level, and the K-line is consistently being pressed down by the short-term moving averages, with the downward trend continuing; the 4-hour line is even more pronounced, with the K-line essentially moving downward along the short-term moving averages, showing little significant rebound. Next, we can look for short-term adjustments, but the overall direction remains bearish.

I would like to add two personal observations:

The non-farm data for gold tonight is key. If there is a significant deviation in the employment numbers, unemployment rate, and expectations, gold could potentially break the oscillation range of 4300-4350, whether upwards or downwards. The volatility should not be small, so do not rush to chase positions, wait for the direction to become clear.

Crude oil has now dropped to a position near the lower edge of this year's mid-year oscillation range. Although the trend is currently bearish, if it approaches around 55, it is best to observe for a while, to prevent a technical rebound repair.

Gold trading reference: short near 4309-4310, target looking at 4305-4290, be sure to set stop-loss.

Crude oil trading reference: short near 57-57.1, target looking at 56-55.2$BTC #BinanceABCs