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7.7 Analysis of the rise and fall trend of gold and crude oil today and the latest exclusive long and short operation suggestions and guidance
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: Analysis of the up and down trend of 7.7 Gold and crude oil today and the latest exclusive long and short operation suggestions and guidance". Hope it will be helpful to you! The original content is as follows:
Doing investment is like fighting a battle. You must set a strategy before the battle begins. Not only do you need to expand your advantage when you have an advantage on the battlefield and pursue your victory, but you also need to formulate what to do if you lose, how to preserve your strength and then decide on your plan and fight again after you retreat. Whether it is war or investment, not every fight against the enemy can win. There are only a few battles in history. It is like the original trend in the investment market that has already shown the opposite signal and still seeking to follow your own wishes. Once you have such a mentality, you must pay attention that if you don’t change this problem, you will be overwhelmed by the investment market. Predict in advance, take the lead, seize the initiative, follow the trend with light positions, strictly control the risk, grasp it easily, and invest happily.
The latest gold market trend analysis:
Gold news analysis: Last Friday (July 4) coincided with the US Independence Day holiday, gold prices fluctuated narrowly in the late trading of the European market, and are currently trading around US$3,336. Affected by the unexpectedly strong non-farm employment data in June, gold prices fell nearly 1% last Thursday (July 3), and spot gold closed at $3,325.87 per ounce. Strong employment data not only pushed up the U.S. dollar and U.S. Treasury yields, but also significantly weakened market expectations of the Federal Reserve's early interest rate cuts, causing gold's attractiveness to fall sharply. At the same time, the US Congress passed a large-scale tax cut and expenditure bill from the Trump administration, further injecting www.xmtraders.complex variables into the economy. There will be no focus on data during the day. Since the US Independence Anniversary, markets will close early, which will limit the fluctuation range of gold prices. At the same time, they will also make profits for short positions that fell yesterday before the holiday and stop falling. Therefore, the trend last week is biased towards fluctuations, or rebounds and rebounds..
Gold technical analysis: Gold bottomed out last week, and the three consecutive positive positions of the daily line on the middle track indicate that the short-term bullish up momentum is strong. Last week, affected by the double negative negatives of non-agricultural and initial unemployment gold requests, gold has left the decline space. The probability of the daily line closing negative last week is relatively high. However, the K-line in the pattern will be a negative line with a long lower shadow line. The daily line turns negative for the first time after the three positives of the daily line, which is regarded as a correction. The daily line hits a high and falls, and the daily line closes a small negative K-line. The rhythm of last week remained at a high level overall and there was no continuous unilateral. The short-term strength of the US dollar also limits the fluctuation space of gold. It repeatedly explores high and falls, and the pullback is powerless, and the pullback lacks the strength to break down. The key range has not been broken. Last week's weekly line ends. From the weekly line, it is still the rhythm of oscillation and ending, and the monthly line is still tempting the high and upper shadow line. In terms of operation, we look at the rhythm of fluctuating and rising. The intraday thinking is to first look low and bullish, and then short the resistance level after pulling up. Below, pay attention to the support near the 5-day moving average of 3320 and go long without breaking. The target above is focused on the resistance level 3350-3358.
The daily Bollinger is shrinking, and it is currently tug-of-warming around the middle and lower tracks. Last week, it fell under pressure on the middle rail, and it was repeatedly deviated in the short term. Currently, it used 3360 as resistance to form a downward oscillation. However, the continuity of space is still uncertain, that is, the lack of unilateral kinetic energy will be accompanied by a position. The weekly line ended last week, and it is likely that it would be a volatile end, and there is no unilateral intensity for the time being. Last night, the big non-agricultural market caused the gold price to fall by about 40 US dollars in one go, but after a brief emotional storm, the market returned to calm. Last week's market began to bottom out and pull up. As of now, the non-agricultural market has been backfired by 50%, and the energy of the bears has basically been digested. Last night, the gold price rebounded and showed a second retracement bottom, with the support level at 3322. After a night of fluctuation, gold showed signs of starting to rise, and the low point began to rise. The key point in the day was still at 3322. In the morning, we waited for the gold price to fall back near 3323, and we went long first. We do not expect to reverse the high point of yesterday during the day, but at least we will reach the 3350 resistance level before short! In terms of operation, it can be used to respond flexibly in www.xmtraders.combination with the shape of the shape. For oscillating markets with large fluctuations, grasp the entry point and have opportunities for bulls and bears. Overall, in terms of short-term operation ideas for gold on Monday, He Bosheng suggested that rebounds should be the main focus, and pullbacks should be the supplement. The short-term focus on the 3350-3360 line of resistance above, and the short-term focus on the 3320-3310 line of support below.
The latest trend analysis of crude oil:
Crude oil news analysis: As of the end of the European market last Friday, Brent crude oil futures rose slightly by 0.01% to US$68.81 per barrel; US WTI crude oil rose slightly by 0.04% to US$66.83. As the US holiday coincides with the low trading volume, the overall market trading is light. The latest data shows that the number of new jobs in the United States reached 147,000 in June, exceeding market expectations, and the unemployment rate also unexpectedly dropped to 4.1%. The strong data reduces recession concerns and also reduces the possibility of the Fed's interest rate cut in the near term. The resilience of the job market has increasedThe confidence base of oil demand supports oil prices. The current oil price is in a stalemate under the interweaving of factors between supply and demand. On the one hand, strong U.S. employment data has increased confidence in crude oil demand, but on the other hand, the reality of OPEC+ production increase and the uncertainty of Trump's tariff policy have brought double disturbances to the market. It is worth noting that if trade frictions between Asian countries and major economies such as the EU and the United States intensify, it may suppress global demand expectations, thus putting new downward pressure on oil prices.
Crude oil technical analysis: From the daily chart level, the medium-term trend fluctuates upward test around 78. The K-line closes to a large physical negative line, and has not yet destroyed the moving average system, and is still supported. The medium-term objective trend is unchanged. However, from the perspective of momentum, the MACD indicator crosses downward above the zero axis, indicating that the bulls' momentum is weakened, and it is expected that the medium-term trend of crude oil will fall into a high-level oscillation pattern. The short-term (1H) trend of crude oil fluctuates and consolidates in two trading days, and oil prices repeatedly cross the moving average system, and the objective trend direction fluctuates. Judging from the primary and secondary rhythms, the current is the secondary oscillation rhythm. According to the law of primary and secondary alternation, the subjective trend remains upward. In terms of momentum, the upward trend shows signs of weakening, and it is expected that the crude oil trend will continue to rise during the day. Overall, in terms of crude oil's operational ideas on Monday, He Bosheng suggested that the main focus should be on the low-long retracement, and the rebound should be high-altitude supplemented. The short-term focus should be on the 68.0-69.0 line resistance at the top, and the short-term focus should be on the 64.0-63.0 line support at the bottom.
This article is exclusively planned by gold crude oil analyst He Bosheng. Due to the delay in online push, the above content is personal advice. Because the online publication is timely and the suggestions in the article are for learning reference only, and the risks of operating based on this are at your own risk. No matter whether the views and strategies of the article are consistent with everyone's opinions, you can www.xmtraders.come to me to discuss and learn together! There is nothing difficult in the world, I am afraid of those who are interested. Investment itself carries risks, reminding everyone to identify the authoritative platform and the strong teacher. Fund safety is the first priority, secondly, consider operational risks, and finally how to make a profit.
The above content is all about "[XM Foreign Exchange]: Analysis of the up and down trend of 7.7 Gold and Crude Oil Today's Market Trend and the latest exclusive long and short operation suggestions and guidance". It was carefully www.xmtraders.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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