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The monthly Yang line has postponed risk aversion, and gold and silver will continue to be bullish this week.
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Official Website]: The monthly sun is averting risks, and gold and silver continue to be bullish this week." Hope this helps you! The original content is as follows:

Last week, the gold market www.xmtraders.completed the final structure of November. Looking back at the market, the market opened low at the beginning of the month at 3984.8 and then fell back. The monthly minimum reached the position of 3926.7, and then the market fluctuated strongly and rose. The monthly maximum hit After reaching the position of 4245.8, it consolidated in a large range. After the monthly line finally closed at 4217.9, the monthly line closed with a big positive line with a lower shadow line longer than the upper shadow line. After such a form ended, the market in December technically has a range-based long demand.

Last week, the gold market rose due to risk aversion. After opening at 4070.5 at the beginning of the week, the market first fell back. After the weekly minimum reached 4037.2, the market surged and rose. On Friday, the weekly maximum touched 4228.6 and then consolidated. After the weekly line finally closed at 4217.9, the weekly line closed with a big positive line with a slightly longer lower shadow. After such a pattern ends, the market continues to be bullish this week. In terms of points, 3325 and 3322 are bullish below, and 3368-3370 is bullish last week, 3377 and 3385 are bullish, and 3563 is bullish. The stop loss follow-up after the position is held at 3750. Today's market is 4192 and 4189 is conservative and the stop loss is 4185. The target is 4215 and 4230 and the pressure of 4237-4245-4250.

The silver market opened at the beginning of November at 48.399 and then the market fell back strongly. The lowest monthly line reached the position of 46.733, and then the market fluctuated strongly and rose to the position of 54.383. After the market fell back to a position of 48.569, the market rose again. On the last day of closing at the end of the month, the market broke the previous historical high and hit a record high of 56.558. After consolidation, the monthly line finally closed at 56. After reaching the position of .391, the monthly line closes with a big positive line with a long lower shadow. After the end of this form, the monthly line effectively breaks the pressure. At the point, the longs of 37.8 and 38.8 below follow up and are held at 42. This week on May 5 0.75 is long and 52.7 is long. After reducing the position, the stop loss is followed at 53. Today’s market is 55 and more, and the stop loss is 54.7. The target is 56 and 56.3, 56.6 and 57-57.5.

After the European and American markets opened at 1.15330 in early November, the market first fell back. The lowest monthly line reached the monthly low of 1.14663, and then the market fluctuated strongly and rose. The highest monthly line touched 1.16570 and then consolidated. The monthly line finally closed at 1.16570. After the position of 1.15977, the monthly line ended in a spindle shape with upper and lower shadow lines of equal length. After the end of this form, the stop loss is 1.15550 for more than 115700 today, and the target is 1.16000, 13.16200 and 1.16500.

The U.S. crude oil market consolidated in a range last week. After opening at 58.2 at the beginning of the week, the market first fell back. After the weekly low reached 57.18, the market fluctuated strongly and rose. The weekly high touched 59.72 and then consolidated. The weekly highest After finally closing at 58.55, the weekly line closed in a spindle shape with the upper shadow line slightly longer than the lower shadow line. After such a shape ended, this week, 59.2 was short with a stop loss of 596, with targets at 58.3, 57.6 and 57.3.

After the Nasdaq opened at 25891.85 in early November, the market first rose to a position of 26135.67, and then the market fluctuated strongly and fell back. The monthly line reached the lowest position of 23820.87, and then the market rose strongly. The monthly line finally closed at After reaching the position of 25422.71, the monthly line closed in the form of a hammer with a very long lower shadow. After this form ended, the stop loss was 25290 for more than 25350 today, and the target was 25450, 25500 and 25560-25600.
Fundamentals: last week’s fundamental market: The United States entered the Thanksgiving holiday with relatively light market transactions. However, an unexpected CME failure occurred on Friday, and futures and options trading was suddenly suspended, affecting trillions of dollars in contracts. Amidst the extreme lack of liquidity, the gold buying and selling spread soared to more than 20 US dollars. This performance also caused the market to be abnormally volatile. However, after stabilization, the gold and silver markets broke through the pressure and rose. In particular, the silver market broke through the neckline pressure and rose strongly, reaching a record high of 56.56. After the holiday, December is about to start a new trading journey. This week, the main focus is on the final value of the US November S&P Global Manufacturing PMI at 22:45 on Monday. Then look at the US November ISM Manufacturing PMI at 23:00. Focus on Tuesday at 9:00 Federal Reserve Chairman Powell speaks at a www.xmtraders.commemorative event. In the evening, look at the initial annual CPI value of the Eurozone in November at 18:00. And at 23:00, Fed Governor Bowman will give testimony before the House www.xmtraders.committee. On Wednesday, focus on the U.S. ADP employment number in November at 21:15. This round is expected to be 20,000, www.xmtraders.compared with the previous value of 42,000. Then look at the monthly rate of the U.S. import price index in September at 21:30. Later, we will look at the monthly rate of US industrial output in September at 22:15, the final US November S&P Global Services PMI at 22:45, and the US November ISM non-manufacturing PMI at 23:00. Later, we will look at the US EIA crude oil inventory for the week to November 28, the US EIA Oklahoma Cushing crude oil inventory for the week to November 28, and the US EIA strategic petroleum reserve inventory for the week until November 28 at 23:30. On Thursday, focus on the number of initial jobless claims in the United States for the week to November 29 at 21:30, and later look at the November Global Supply Chain Stress Index in the United States at 23:00. On Friday, focus on the initial value of the one-year inflation rate expectation in the United States in December and the initial value of the University of Michigan Consumer Confidence Index in December at 23:00.
In terms of operation, gold: 3325 and 3322 are long below, and last week's 3368-3370 is long, and 3377 and 3385 are long, and 3563 is long. After reducing the position, the stop loss is followed up and held at 3750. Today's market is 4192 more, conservative 4189 more, stop loss 4185, and the target is 4215 and 4230 and 4237-4245-4250 pressure.
Silver: The long of 37.8 and the long of 38.8 below will be followed up at 42. This week’s long of 50.75 and the long of 52.7 will be held at 53 after lightening the position. Today’s The market is more than 55, stop loss is 54.7, the target is 56 and 56.3, 56.6 and 57-57.5.
Europe and the United States: Today, 115700 is more, stop loss is 1.15550 , the target is 1.16000, 13.16200 and 1.16500.
U.S. crude oil: short stop loss 596 at 59.2 this week, the target is 58.3 and 57. 6 and 57.3.
Nasdaq: Stop loss at 25290 for more than 25350 today, target 25450, 25500 and 25560-25600.
The above content is all about "[XM Foreign Exchange Official Website]: The monthly Yang line is delayed to avoid risks, and gold and silver continue to increase this week". 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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