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market analysis
8.19 Gold fell sharply and crude oil fluctuated and rose latest market trend analysis and today's operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: 8.19 gold fell sharply and crude oil fluctuated and rose the latest market trend analysis and today's operation suggestions." Hope it will be helpful to you! The original content is as follows:
The recent market rises and falls, and the frequent long-short conversions are frequent. Many investment friends are caught off guard, or don’t know where to start. They fall as soon as they buy, rise when they exit, and return consecutive losses. In fact, this is a situation that many novices will encounter. Let me tell you here that first of all, don’t operate frequently when doing trading, and secondly, you need to have a precise control of the market and stick to your own trading system. Of course, these are empty talk for some novices. After all, there is no strict trading plan to enter the market. Most of them are chasing up and selling down, which leads to serious losses. If you see the article at this moment, you can consult yourself to www.xmtraders.communicate and help you point out all the problems in making orders, so that you can avoid detours in the process of trading.
Analysis of the latest gold market trend:
Analysis of gold news: Spot gold fluctuated and fell on Monday (August 18), and the U.S. market traded around $3,334/ounce at the end of the trading session. The reason for the rise in gold prices in the white market is mainly due to traders waiting for a meeting between Trump, Zelensky and some NATO members at the White House. Currently, there are www.xmtraders.comments that mean the possibility of Ukraine reaching a ceasefire agreement with Russia is increasing, which puts pressure on the attractiveness of safe-haven assets such as gold. If the situation eases, gold's safe-haven demand may be curbed. This week, the market will also focus on Jackson Hole annual meeting, especially the speech of Federal Reserve Chairman Powell. According to data from the CMEFedWatch tool, the market generally expects the Fed to cut interest rates in September, which will have a positive impact on gold, as interest rate cuts help increase the attractiveness of interest-free assets such as gold.
Gold technical analysis: Judging from the daily chart of gold, its price trend has shown a clear triangular consolidation range recently, which has lasted for quite a long time, as if it has accumulated energy for the subsequent big market. The upper resistance level in the range is stable around $3450, and the lower support level is around $3280. As time goes by, the price fluctuations are getting smaller and smaller. The entire market is like being in peace before a storm, and everyone is holding their breath waiting for a fuse that can break the deadlock to appear.
At present, gold prices fluctuate back and forth in the range of US$3330-3350, and this range happens to coincide with the Bollinger band middle track and the 50-day moving average, and its importance is self-evident. It can be said that this is the key battlefield for the game between the bulls and bears. If gold prices can successfully stand firm at $3,350, this will be a positive signal and will likely open upside space for it. At that time, the target above can directly point to $3,430, and it is even expected to launch an impact on higher prices.
However, if gold unfortunately falls below $3330, the support level below $3280 will become precarious. Once this support level is lost, the price of gold is likely to fall all the way, heading straight to $3,170. Let’s look at the more specific short-term key points. The resistance above is $3,368. This position is not only a high point that has not been broken through after many tests, but also a suppression position formed by the long-term trend line. It is not easy to break through. The support below is also $3,330, which coincides with the key support at the daily level, which is enough to show the support strength of this point.
In general, if the price of gold can break through $3,368, it is likely to start a rebound, allowing the market to see hope for upward; on the contrary, if it falls below $3,330, the short power may be further released, accelerating the price decline, and market sentiment will be affected accordingly. In the current situation of unbreakable deadlock, investors need to be more cautious and pay close attention to changes in key points in order to promptly respond to possible market fluctuations. Overall, in terms of gold's short-term operation ideas today, He Bosheng recommends that rebound high altitudes should be the main focus, and the retracement should be the low long as the auxiliary. The short-term focus should be on the 3348-3358 line resistance, and the short-term focus should be on the 3320-3310 line support.
The latest trend analysis of crude oil:
Crude oil news analysis: At the end of the US market on Monday (August 18), international oil prices continued to fluctuate and rise. Brent crude oil futures fell 0.39% to $65.59 per barrel; US West Texas Intermediate crude oil fell 0.19% to $61.86. Investors generally believe that the biggest uncertainty in the crude oil market in the short term www.xmtraders.comes from a shift in U.S. policy stance. After U.S. President Trump met with Russian President Putin in Alaska last Friday, the two sides showed a more consistent position in promoting peace talks rather than simply seeking a ceasefire. Judging from the current trend, the downward pressure on oil prices mainly www.xmtraders.comes from the temporary easing of geopolitical uncertainty., not major changes in the supply and demand side. Trump's statements provide the market with a short-term buffer period, but oil prices may rebound quickly once the United States reconsider secondary sanctions. At the same time, investors' game of expectations of the Fed's interest rate cut will continue to become an important variable affecting the energy market.
Crude oil technical analysis: From the daily chart level, the K-line closed the negative line for seven consecutive trading days, the oil price fell below the lower edge of the original oscillation range, and the medium-term subjective trend was downward. The moving average system has not yet formed a short arrangement, and the medium-term objective trend is in a conversion period. From the perspective of kinetic energy, the MACD indicator gradually penetrates the zero axis position, and the short kinetic energy gradually becomes stronger. It is expected that the medium-term trend of crude oil will turn downward. The short-term (1H) trend of crude oil turned downward and returned to the previous low. The moving average system is diverging downwardly, and the short-term objective trend direction is downward. The MACD indicator passes through the zero axis, and the fast and slow line opens its mouth downward below the zero axis, and the short kinetic energy performance is full. It is expected that the crude oil trend will fall to a low of around 61.30 again in the day, seeking support again. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that rebound high altitudes should be the main focus, and the retracement should be the low long as the auxiliary. The short-term focus should be on the 65.5-66.5 line resistance at the top, and the short-term focus should be on the 62.0-61.0 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 Market Analysis]: The latest market trend analysis and today's operation suggestions for gold fell sharply in 8.19. The www.xmtraders.company is 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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