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Gold prices hit new highs again! How should we allocate various assets?
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Futures/Forex next week market forecast: The following is a ...

Futures/Forex next week market forecast:
The following is a comprehensive analysis of the next week's market trends for Nasdaq index futures, S&P index futures, crude oil, gold, as well as the forex market (including EUR/USD, AUD/USD, and USD/JPY):

1. Equity Indexes

Nasdaq Index Futures (NQ) and S&P Index Futures (ES)

International Situation and Geopolitics: As the US election approaches, the market may react strongly to candidates' policies, economic stimulus measures, etc. Any news about policy changes may trigger severe market volatility.
Technical analysis:
Nasdaq: The recent modest retracement suggests the potential for a strong rebound. Pay attention to the support level, if it can be effectively held, the rebound may further advance.
S&P: If the S&P is supported at the current key support level, combined with the overall sentiment of the US stocks, it is expected to continue to rise.

2. Crude oil

International situation and geopolitics: Tensions in the Middle East and OPEC+'s production reduction policy will directly impact crude oil prices. Further geopolitical conflicts may push oil prices higher.
Technical analysis: Pay attention to whether the crude oil price can break through the recent resistance level. If the uptrend continues and the volume increases, there may be a strong rally in the short term.

3. Gold

Global situation and geopolitics: As a safe-haven asset, the demand for gold usually rises when market uncertainty increases. The uncertainty of the US election and economic data may cause greater fluctuations in the price of gold.
Technical analysis: If gold remains above an important resistance level and shows bullish signals, it may experience an uptrend during increased uncertainty.

Forex market

Euro against US Dollar (EUR/USD), Australian Dollar against US Dollar (AUD/USD), US Dollar against Japanese Yen (USD/JPY)

Euro against US Dollar:
Economic data and central bank policies: The monetary policy and economic data of the European Central Bank will affect the trend of the euro. If US economic data fall short of expectations, the euro may see an increase.
Australian dollar against the US dollar:
Commodity prices and the Chinese economy: As a csi commodity equity index currency, the australian dollar is greatly influenced by the global economy, especially the china economy. If commodity prices rise, it may support the australian dollar.
USD to japan:
Bank of Japan's Policy: The monetary policy of the Bank of Japan and the trend of the USD can both affect this exchange rate. If the USD remains strong, the Japanese Yen may come under pressure.

Comprehensive Market Prediction

Equity Index Futures: It is expected that on the eve of the election, market sentiment will be high, possibly leading to a rebound and new highs.
Crude oil: If geopolitical tensions escalate, oil prices may rise, otherwise they will fall.
Gold: Against a backdrop of increased uncertainty, the price of gold may rise.
Forex market: The trend of the USD will be affected by USA economic data, while the performance of EUR and AUD will be related to their respective economies and policies.

Trading strategy

Equity index futures: Consider establishing long positions near the current resistance level and set reasonable stop-loss.
Crude oil and gold: Adjust positions according to geopolitical changes to capture market volatility in a timely manner.
Forex trading: Combine technical analysis and fundamental analysis to find the right entry points.

Overall, next week's market may be influenced by multiple factors such as the US election, international situation, and technical aspects. It is recommended to closely monitor relevant economic data and market dynamics, and adjust trading strategies in a timely manner.

Disclaimer: The above content represents only personal opinions and does not constitute any investment advice. Enter the market cautiously, maintain independent thinking, and act after careful consideration.

For more specific entry opportunities for trading symbols, please visit Discord for discussion.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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