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market analysis
Long and short crosses intertwined, gold and silver consolidated and extended lows
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Hello everyone, today XM Forex will bring you "[XM official website]: Long and short cross stars, gold and silver consolidate and extend lower". Hope this helps you! The original content is as follows:

Yesterday, the gold market opened at 4120.5 in early trading, then the market slightly fell back to the 4113.5 position, then rose rapidly, and then fell back strongly after reaching the 4155.4 position. After the daily line reached the lowest position of 4108.7, the market rose for the second time. The daily line reached the highest position of 4159.7 and then fell back in late trading. After the daily line finally closed at the position of 4131.3, the daily line moved up and down with an upper and lower shadow. The long-legged cross star pattern with equal lengths closes, and after such a pattern ends, the long position of 3325 and 3322 below, the long position of 3368-3370 last week, the long position of 3377 and 3385, and the long position of 3563 will stop. The loss follow-up is held at 3750. Today, it will fall back to 4102 and be conservative at 4099 and stop loss at 4095. The target is 4125 and 4132 and 4145 and 4157 and 4163.

The silver market opened at 51.284 yesterday, then the market fell back to 50.97 and then rose. The daily highest touched 51.751 and then the market fell back quickly. The daily lowest reached 50.656. After the market consolidated, the daily line finally closed at 51.467, and the daily line closed in the form of a hammer with a long lower shadow. After such a form ended, the longs of 37.8 and 38.8 below followed up and were held at 42, and the longs of 50.75 yesterday were reduced.The stop loss after the position is followed up is 50.7. Today it fell back to 50.9. The stop loss for 50.7 is 51.2, 51.5 and 51.7, and the breakout is 52 and 52.3.

European and American markets opened at 1.15199 yesterday and the market fell first. The daily low reached the 1.15106 position and then the market rose strongly. The daily high touched the 1.15862 position and then consolidated. The daily line finally closed at 1.15691. After the position, the daily line closes with a big positive line with a long upper shadow line. After finishing in this form, the stop loss is 1.15200 over 1.15400 today. The target is 1.15800 and 1.16000 and 1.16200 and 1.16500.

The U.S. crude oil market opened at 58.97 yesterday, then the market rose slightly to reach 59.04, and then fell back strongly. The daily line reached the lowest position of 57.18, and then the market rose in late trading, and the daily line finally closed at 57.18. After reaching the position of 58.17, the daily line closes with a big negative line with a long lower shadow. After this form ends, the daily line range is double yin and yang. At the point, today's 57.4 is more than 56.9, and the target is 58.2, 58.6 and 59 pressure.

After the Nasdaq opened at 24903.91 yesterday, the market first fell back and the daily minimum reached the position of 24525.98, and then the market rose strongly. The daily maximum touched the position of 25069 and then consolidated. After the daily line finally closed at the position of 24993.42, the daily line closed in the form of a hammer with a very long lower shadow. After such a form ended Today, the stop loss is 24730 over 24800, and the target is 24900 and 25000, 25100 and 25200-25300.
Fundamentals, yesterday's fundamentals As the selection of the new chairman of the Federal Reserve enters the final weeks, in the eyes of the White House advisory group and the US President, National Economic Council Director Kevin Hassett has become the number one favorite to take over the Federal Reserve. Hassett is seen as the leader who can bring the U.S. president's idea of cutting interest rates to the Federal Reserve - an institution the U.S. president has long desired to influence is facing a historic turn. U.S. officials said that Ukraine has agreed in principle to the peace agreement proposed by the United States, but there are still some terms that need to be discussed. Ukrainian officials said that Ukraine and the United States have reached consensus on the core terms of the peace agreement recently discussed in Geneva. U.S. retail sales in September recorded a monthly rate of 0.2%, lower than expected; PPI in September recorded a monthly rate of 0.3%, in line with expectations. ADP Weekly Employment Report: End of 202In the four weeks to November 8, 2019, private sector employers lost an average of 13,500 jobs per week. Under the interweaving of long and short data, the market range consolidated.
In terms of operation, gold: the longs of 3325 and 3322 below, the longs of 3368-3370 last week, the longs of 3377 and 3385, and the longs of 3563. After reducing positions, the stop loss is followed up and held at 3750. Today, it first fell back to 4102 Be conservative at 4099 and stop loss at 4095. The target is 4125 and 4132 and 4145 and 4157 and 4163.
Silver: The longs of 37.8 and 38.8 below follow up and hold at 42. Yesterday’s 50.75 After the long reduction, the stop loss is followed up at 50.7. Today it fell back to 50.9. The long stop loss of 50.7 targets 51.2, 51.5 and 51.7. If the position is broken, the stop loss is 52 and 52.3.
Europe and the United States: today 1.15400 long stop loss 1. 15200, the target is 1.15800 and 1.16000 and 1.16200 and 1.16500.
U.S. crude oil: 57.4 long stop loss 56.9 today, the target is 58.2, 58.6 and 59 pressure.
Nasdaq: Stop loss 24730 at 24800 today, target 24900 and 25000, 25100 and 25200-25300.
The above content is all about "[XM official website]: long and short intertwined cross stars, gold and silver consolidation and extension of low and long". It was carefully www.xmtraders.compiled and edited by the XM foreign exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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