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7.8 Analysis of the latest market trends of gold and crude oil surge and today's exclusive operation suggestions and guidance
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: Analysis of the latest market trend of 7.8 gold crude oil surge and exclusive operating suggestions and guidance today". Hope it will be helpful to you! The original content is as follows:
Same market, different guidance, different life. The characteristic of novices is that they do not understand technology and enter the market blindly. They only consider one issue each time they trade: they think that as long as they predict the market's rise and fall, they can make this transaction. This approach of focusing on direction and ignoring position has caused traders to fail. In fact, there is a big difference between the "momentum" and the "direction" that follow the trend, because the direction of the market's movement is in a volatile pattern, and the market trend is often global. What I can do here is to help you control your position reasonably, place orders using support and resistance levels, so that every order has reasonableness and traces to follow. The buying and selling points should not enter the market at will, please be responsible for your own funds. If you really can't grasp the market, you can www.xmtraders.come to find me. There will be no loss for you if you have an extra analyst. Always remember one thing: professionals do professional things, and all practical things are only for profits, and cooperation is only for win-win results.
Analysis of the latest trend of gold:
Interpretation of gold news: Last week, as the market continued to increase its bets on the Fed's dovish, gold rose steadily since a major trend line rebounded. However, after the stronger-than-expected U.S. non-farm employment report (NFP), market expectations for interest rates, were reversing, and gold's rise. This week, we will focus on the minutes of the Federal Reserve meeting and the July 9 tariff exemption deadline, and whether it sends signals of possible rate cuts in the future. Is it the tariff amnesty agreement extended or restored to the tax rate when the tariffs came into effect on April 2. To judge the further direction of the future market. If the minutes are biased, it means that policymakers are cautious about the economic outlook, the US dollar may face pressure to pull back, and gold prices will gain support to rebound and strengthen. On the contrary, if it is emphasized to maintain high interest ratesNecessity is expected to boost the dollar's strength and suppress the decline of gold prices. However, it is expected that the direction of the near and short-term gold price trend cannot be changed.
The gold market is at a crossroads full of opportunities and challenges. The easing of geopoliticals may weaken the safe-haven demand for gold in the short term, but long-term uncertainty still exists; the expansion of US fiscal policy and the restart of tariffs provide potential benefits for gold; the Federal Reserve's monetary policy dilemma may trigger short-term fluctuations in gold prices, but long-term easing expectations will provide support for gold prices; market sentiment and technical aspects show that gold may maintain high fluctuations in the short term, but the potential for breakthrough cannot be ignored.
Gold technical analysis: Judging from the golden weekly chart, although gold prices rebounded last week, the final increase was obviously restricted under the influence of the US non-agricultural indicators. At present, the moving average group still shows a bullish arrangement, but the price has not yet returned to above MA5, which may interfere with the indicator changes in the future market. In addition, the MACD indicator also forms a dead cross at a high level, so it is necessary to be wary of the possibility of further retracement in the short term.
From the daily gold chart, due to the US market closing on holidays, the range of gold price fluctuations at the end of last week is actually not large, and the short-term trend is still mainly based on the oscillation rhythm, which makes the moving average group basically glued together, which means that the www.xmtraders.competition between bulls and bears is still continuing, and the MACD indicator below has also returned to the 0 axis, and we need to wait for a clearer signal to be given in the future. Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that the pullback be long, and the rebound is supplemented by high altitude. The short-term focus on the upper short-term focus on the 3355-3365 line resistance, and the short-term focus on the 3320-3310 line support.
The latest trend analysis of crude oil:
Crude oil news analysis: During the US session on Monday (July 7), US crude oil opened low and fluctuated and rose. Currently trading around US$67.70 per barrel. With the global energy market surging, OPEC+ oil-producing countries made a major decision on Saturday (July 5): to increase daily oil production by 548,000 barrels in August, and this pace of increase in production has once again heated up investors' attention to the geopolitics of the Middle East and the direction of US policy. Analysts pointed out that this decision was made against the backdrop of Israel and the United States' strike against Iran and oil prices experiencing a surge in oil prices. OPEC+'s strategic adjustment has undoubtedly injected new uncertainty into the global energy market. At the same time, the Middle East stock market has also fluctuated due to the uncertainty of OPEC+ production increases and the US tariff policy, and investors are feeling like a roller coaster.
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. After the short-term (1H) trend of crude oil fluctuates and turns to a downward rhythm. Short-term short-term trendThe direction of the potential is downward. The MACD indicator is fast and slow, and the zero axis is crossed, and the bears are full of momentum. It is expected that the crude oil trend will continue to decline after a slight rebound in the day. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that the main focus should be on the low-sinking back, and the rebound should be supplemented by the high altitude. The short-term focus should be on the 69.5-70.0 line resistance at the top, and the short-term focus should be on the 66.0-65.5 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 Forex Official Website]: Analysis of the latest market trend of gold and crude oil surge and today's exclusive operation suggestions and guidance". It was carefully www.xmtraders.compiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
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