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Analysis of the trend of gold and crude oil market today and the latest operation suggestions on Monday
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Analysis of the rise and fall trend of gold and crude oil today and the latest operation suggestions on Monday". 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:
Analysis of gold news: Last Friday (September 19), spot gold recovered some lost ground, and ended its two-day consecutive decline after a mid-week fluctuation reaction to the Federal Reserve's interest rate resolution. Spot gold was trading around US$3,685 intraday, up nearly 1.12%. The dollar index continued its rebound momentum after the Federal Reserve's resolution and rebounded from its lows since February 2022 (about 96.22). The index hovers around 97.62, approaching a five-day high. According to the CME Fed observation tool, the market believes that the probability of a 25 basis point cut in October is 91%, and the probability of a 25 basis point cut in December is close to 80.%. This is consistent with the Fed's updated dot map, which shows that the rest of the year will be loosened by an additional 50 basis points. Since Powell's statement was not as dovish as expected, the US dollar and U.S. Treasury yields continued to rebound after the Federal Reserve's resolution. The market expects the Federal Reserve to cut interest rates twice before the end of the year, which provides support for gold.
Gold technical analysis: Gold fluctuated and rose last Friday, and the daily line turned positive after continuous negative, which generally belongs to a high-level oscillation trend. Note that the watershed between high and low points has appeared, 3707 above and 3613 below. Due to the large range, the long and short amplitude of wide fluctuations have increased, which is difficult to operate, and you need to wait patiently for the opportunity. The correction on the daily cycle is faster, but the weekly line deviates from the short-term moving average, which requires a consolidation process. Do not look too long. At the same time, the current fundamentals do not meet the conditions for a sharp drop in gold prices. The underlying logic of the main contradiction still supports gold prices. On the general trend, the center of support of the central axis will further move upwards over time. The Federal Reserve's interest rate cut in the secondary contradiction has been priced and digested. However, the probability of continued decline in October and December is very high, and it will continue to follow the expected market, and the short-term trend is relatively strong.
Gold began to rise strongly on the US session last Friday, and broke through the 1-hour downward trend line. The bulls clearly had the advantage. This week, they were going to go with the trend. At present, gold bulls were better. The short-term pullback was just an adjustment and did not really change the market. After breaking through the declined short-term trend line in one hour, they broke through upward again. Then the 3660 line has been converted into support. Gold fell back to 3660, which is an opportunity to continue to go long when it is low.
We never act as dead bulls or dead bears. Since yellow has fallen many times, the bulls have the ability to turn the tide and will continue to move upward in the end, it means that the gold bulls are stronger and have returned to the upward trend. Short-term adjustments may have ended, and the opportunity to fall back or continue to go long. Overall, in terms of gold's short-term operation ideas today, He Bosheng recommends that the pullback should be long and the rebound should be short. The short-term focus on the upper short-term focus on the 3702-3707 line resistance, and the short-term focus on the 3670-3660 line support.
Friends who are interested in spot gold, silver TD, London gold, Shanghai gold, Shanghai silver, paper gold, and US crude oil investment, and have just entered the gold market, have severely shrunk funds and have poor returns, can find me. You can add Mr. He Bosheng, and I will provide you with reasonable operation plans based on your entry point and fund size. Since I don’t know where the point where your position is trapped is, I cannot give a corresponding strategy. It is recommended to bring your single position to find He Bosheng (WeChat: hbs6286 DingTalk: hbs6282), I will do my best to solve the problem for you.
The latest trend analysis of crude oil market:
Crude oil news analysis: Oil prices fell last Friday as concerns about a large amount of supply and demand decline exceeded expectations that the Fed's first rate cut this year would trigger more consumption. Brent crude futures close at $66.59 per barrel, down 1.3%. U.S. crude oil futures closed at $62.36, down 1.5%. The Fed cut its policy interest rate by 25 basis points on Wednesday and suggested further rates would be subsequently cut to cope with signs of weak U.S. job market. Lower borrowing costs often promote demand for oil and drive up oil prices. U.S. President Trump said on Thursday that if oil prices are lower, the conflict between Russia and Ukraine will end. Announcements from ANZB Research Department said in a research note that U.S. President Trump's remarks about his preference for lower oil prices than sanctions on Russia have eased concerns about supply interference. Analysts believe Trump's statements show that he wants to limit Russia's revenue from the oil industry to support its war against Ukraine.
Crude oil news analysis: From the daily chart level, crude oil has been continuously closed and stopped, forming a narrow range bottom, oil prices repeatedly cross the moving average system, and the medium-term objective trend fluctuates pattern. Oil prices fell below the lower edge of the range on Monday, and there has not yet been a continuous and powerful downward trend. It is expected that the medium-term trend of crude oil will remain weak and volatile consolidation pattern. The short-term (1H) trend of crude oil maintained a volatile and declined pace, and oil prices rebounded for a time and were eventually recovered and their gains fell. The short-term objective trend fluctuates the rhythm of the fluctuation remains unchanged. The MACD indicator passes through the zero axis as the fast and slow line opens downward, and the short-selling momentum gradually becomes stronger. It is expected that the crude oil trend will continue to fall during the day. Pay attention to the 62.30 support. If it does not break, it will stop falling and rebound upward. 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 63.5-64.5 line resistance at the top in the short term, and the short-term focus should be on the 61.5-60.5 line support at the bottom.
Friends who are interested in spot gold, silver TD, London gold, Shanghai gold, Shanghai silver, paper gold, and US crude oil investment, and have just entered the gold market, have severely shrunk funds and have poor returns, can find me. You can add Mr. He Bosheng, and I will provide you with reasonable operation plans based on your entry point and fund size. Since I don’t know where the point where your position is trapped is, I cannot give a corresponding strategy. It is recommended to bring your single position to find He Bosheng (WeChat: hbs6286 DingTalk: hbs6282), I will do my best to solve the problem for you.
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 Decision Analysis]: Analysis of the rise and fall trend of gold and crude oil today and the latest operation suggestions on Monday". 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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