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11.28 Gold and crude oil today’s price rise and fall trend analysis and latest exclusive operation suggestions and guidance
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Hello everyone, todayXM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: 11.28 gold and crude oil today's price rise and fall trend analysis and the latest exclusive operational advice and guidance." Hope this helps you! The original content is as follows:
I am very glad that you can stop and take a few minutes to read my article. I would like to share some suggestions and hope it can help all investors. He Bosheng has been investing as an analyst for so many years. I have experienced the market trends in the past two days many times. I can also guess your current mentality. Don't blame the market, and don't blame yourself. When investing, we all want to make profits, which is also the purpose of our investment. I understand. But you have lost money for many reasons, but the most serious ones are just the following: not using a stop loss, holding an order and liquidating the position, having too strong subjective consciousness, poor execution, fear of doubt, etc. This is just a summary. If you have the above situation or other situations, you can have a good chat with He Bosheng, I believe I can definitely solve your problems. Let’s take a look at some of the author’s insights on spot gold and crude oil. I hope He Bosheng’s prediction of the market can bring you some help.
Analysis of the latest gold market trend:
Analysis of gold news: In the US market on Thursday (November 27), spot gold fluctuated and rose within a narrow range, and is currently trading around $4,157.86 per ounce. Thursday coincides with the US Thanksgiving Day, the gold market will be closed early, and market trading may be restricted. The Fed's monetary policy trends have been the main driver of gold price fluctuations. The rise in gold prices on Wednesday was directly due to a sharp increase in market bets on an interest rate cut in December. Traders have reduced the probability of the Fed cutting interest rates by 25 basis points next month from 1 to 1, according to CME's FedWatch tool.It surged from 30% a week ago to 85%. This change in expectations is not groundless, but stems from dovish statements from a series of Fed officials and a looser policy bias among potential new chairman candidates.
Gold technical analysis: Yesterday, gold's daily line rebounded slightly and closed positive. The fluctuations were not large, from the lowest US$4,132 to the highest US$4,173. The maximum fluctuation was only US$41. The vicinity of 4173 is also trend line resistance. Although the daily line closed positive, we are bullish. However, it is still not recommended to go long aggressively until the trend line breaks above and stands firm. From the four-hour chart, the convergence pattern of the golden triangle has not changed yet, and the downward trend line pressure is at 4173-75. Only by effectively breaking the trend line pressure can we continue to look, which is also a new round of opportunities. On the contrary, it is still the end of convergence. On the 1-hour level, the price begins to slowly fall below the short-term support band, and the price begins to www.xmtraders.come under pressure on the short-term moving average. There may be some room for adjustment in the short-term trend. Pay attention to the short-term adjustment and repair situation. Today, we continue to pay attention to the pressure level on the upper rail of the triangle, which is also the watershed between long and short today. If the suppression is effective, it will fall back; otherwise, it will rise further. Since today is the Thanksgiving holiday, the volatility may decrease. Those who are stable may wish to wait and see and wait until after the holiday. On the whole, today's short-term operation of gold, He Bosheng suggests shorting mainly on rebounds, supplemented by longs on callbacks. The top short-term focus will be on the first-line resistance of 4180-4200, and the bottom short-term will focus on the first-line support of 4140-4120.
Analysis of the latest crude oil market trend:
Crude oil news analysis: During the U.S. trading session on Thursday, the international crude oil market sentiment continued to be sluggish, with West Texas Intermediate crude oil (WTI) basically unchanged at the $58/barrel mark, which was at its lowest level in the past month. Investors reacted tepidly to the latest U.S. Energy Information Administration (EIA) inventory data, reflecting a strong wait-and-see mood amid multiple negative factors. EIA data shows that in the week ending November 22, U.S. www.xmtraders.commercial crude oil inventories unexpectedly increased by 2.774 million barrels, www.xmtraders.completely reversing the destocking trend of 3.426 million barrels in the previous week. The current "low stabilization" of WTI is more of a technical balance than a trend reversal signal. The fundamentals are still obviously bearish: inventory reconstruction, weakening demand, and potential Russian oil increases constitute a triple suppression; while the weakening of the U.S. dollar and expectations of interest rate cuts only provide marginal support.
Crude oil technical analysis: From the daily chart level, and from the local level, the current oscillation rhythm of crude oil is a minor one, with the K line closing 3 negative lines in a row and testing towards the early low of 56. The MACD indicator formed a dead cross near the zero axis, and the short momentum showed signs of gradually increasing. If the 56 strong support level is broken, the crude oil trend will enter a downward rhythm in the mid-term. The short-term (1H) trend of crude oil fluctuates within a range, with the range volatility between 59.00-57.00. Oil prices were running near the upper edge of the range in early trading, and the MACD indicator showed that bull momentum was more dominant. It is expected that the trend of crude oil will still fluctuate within the range during the day, and the operation will mainly adopt a range-based approach. Taken together, today’s crude oil operationIn terms of thinking, He Bosheng suggested to focus on the low and long market, supplemented by the rebound from high altitude. The top short-term focus is on the 61.0-62.0 first-line resistance, and the bottom short-term focus is on the 58.0-57.0 first-line support.
This article is exclusively planned by He Bosheng, a gold and crude oil analyst. Due to the delay of network push, the above content is personal advice. Due to the timeliness of online publishing, the suggestions in this article are for learning reference only. You should operate at your own risk. Regardless of whether the views and strategies of the article agree with others, you can www.xmtraders.come to me to discuss and learn together! Nothing is difficult in the world, as long as there are people who are willing. Investment itself carries risks. I remind everyone to look for authoritative platforms and powerful teachers. Fund safety www.xmtraders.comes first, secondly consider operational risks, and finally how to make profits.
The above content is all about "[XM Foreign Exchange Official Website]: 11.28 Gold and Crude Oil Today's Market Rise and Fall Trend Analysis and the Latest Exclusive Operation Suggestions and Guidance". It 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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