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market analysis
High cross waiting for non-agricultural areas, high altitudes in gold and silver range
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: High cross waiting for non-agricultural areas, high altitudes in gold and silver ranges". Hope it will be helpful to you! The original content is as follows:
Yesterday, the gold market opened at 3866.4 and then the market fell first, and then the market rose strongly. The daily line hit a record high of 3897.3 and then the market took profit and fell strongly. During the US session, the daily line was at the lowest point of 3819 and then rose strongly in the late trading. The daily line finally closed at 3854.7 and then the daily line was a long-leg cross with a lower shadow line slightly longer than the upper shadow line. The star pattern closes, and after the end of this pattern, the longs of 3325 and 3322 below and the longs of 3368-3370 last week, and the longs of 3377 and 3385 longs and 3563 longs and 3563 longs and 3650 were reduced. Today, the first pull-up gave 3890 shorts and 3893 shorts and 3898 shorts. The target is 3882 and 3872 and 3861 and 3852 and 3843-3832.
The silver market opened at 47.293 yesterday and then fell back first. The market rose strongly. The daily line reached the highest position of 48.046 and then fell strongly. The daily line was at the lowest position of 45.886 and then the market consolidated. The daily line finally closed at 46.972. The daily line closed in a long-foot spindle pattern with a lower shadow line slightly longer than the upper shadow line. After this pattern ended, the long position of 37.8 and the long position of 38.8 below were reduced and the stop loss followed up at 42. After reducing positions at 44.6 last FridayStop loss follow-up is held at 44.8, today's 47.9 short stop loss 48.1 target is 47.2 and 46.6 and 46.1.
European and American markets opened at 1.17300 yesterday and the market first rose to 1.17584, and then the market fell strongly. The daily line was at the lowest point of 1.16818 and then the market consolidated. After the daily line finally closed at 1.17153, the daily line closed in a spindle pattern with a lower shadow line slightly longer than the upper shadow line. After this pattern ended, today, 1.17450 short stop loss was 1.17650, the target was 1.17100 and 1.16800, and the break below 1.16600 and 1.16400.
The U.S. crude oil market opened at 61.94 yesterday and the market first rose. The daily line was high at 62.68 and then fell strongly. The daily line fell below the previous three-bottom support 61.7, and the market accelerated to fall. The daily line was at the lowest point of 60.52, and the market consolidated. After the daily line finally closed at 60.83, the daily line closed with a large negative line with a long upper shadow line. After this pattern ended, the daily line effectively broke the support and fell back today. At the point, the stop loss of 62.3 yesterday was followed by a short position of 62.1, and the target was 60.8 and 60.5, and the break below 60 and 59.6-59.2.
Nasdaq market opened at 24789.3 yesterday, and the market rose first, giving a position of 24964.98. Then the market fell strongly. The daily line was at the lowest point of 24776.4. After the market was consolidated, the daily line finally closed at 24893.52. After the daily line closed with a medium-positive line with a long upper shadow line. After this pattern ended, the stop loss of more than 24800 today was 24750, with the target of 24900 and 24960 and 25000-25100.
The fundamentals, yesterday's fundamentals were affected by the shutdown of the US government. The number of unemployment claims applicants, the monthly rate of US factory orders and the monthly rate of durable goods orders were all delayed by the announcement of the week from September 27. But for September non-farm data, US media reported that the Bureau of Labor Statistics may be ready for release, and Senator Warren called on the government to release non-farm data "as scheduled" on Friday. Fed Logan said the unemployment rate is expected to rise slightly, but not too high. The policy is only slightly tightened, which is just right. We need to be highly cautious about interest rate cuts and must not be overly relaxed, otherwise we will have to reverse the policy. Goulsby said he should be cautious about avoiding excessive early cuts. If the official unemployment rate is not availableAccording to the Federal Reserve, the Federal Reserve will make a decision based on the information it has. Becente said the first round of interviews for the Fed's chairman candidate will be www.xmtraders.completed next week and the government's suspension may impact GDP. Today's fundamentals focus mainly on the US September unemployment rate at 20:30 and the US September seasonally adjusted non-farm employment population. This round is expected to be 4.3% and 50,000 people. Look at the final value of the US S&P Global Services PMI in September at 21:45 and the US ISM non-manufacturing PMI in September at 22:00.
In terms of operation, gold: 3325 and 3322 long below and 3370 long last week and 3377 and 3385 long and 3563 long last week, and the stop loss followed by holding at 3650. Today, the first pull-up gave 3890 short conservative 3893 short stop loss 3898, and the target was 3882 and 3872 and 3861 and 3852 and 3843-3832.
Silver: 37.8 long and 38.8 long below and 38.8 long below and 38.8 long below and 42 stop loss followed by holding at 42. Last Friday, the stop loss followed by 44.6 after reducing positions at 44.8, and today's 47.9 short stop loss 48.1 targeted at 47.2 and 46.6 and 46.1.
Europe and the United States: 1.17450 short stop loss 1.17650, the targeted at 1.17100 and 1.16800, and the falling below 1.16600 and 1.16400.
U.S. crude oil: 62.3 short stop loss yesterday followed by 62.1, and today's 61.6 short stop Loss 62.1, target 60.8 and 60.5, break below 60 and 59.6-59.2.
Nasdaq Index: Today, the stop loss is 24,800 or more than 24,750, target 24,900 and 24,960 and 25,000-25,100.
The above content is all about "[XM Foreign Exchange Market Review]: High cross waiting for non-agricultural areas, gold and silver range is high and altitude", which 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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