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Falling inflation pushes for interest rate cuts, gold and silver operate within range
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market www.xmtraders.commentary]: Falling inflation pushes for interest rate cuts, gold and silver range operations". Hope this helps you! The original content is as follows:

Yesterday, the gold market opened at 4339.8 in early trading and then the market fell first. The daily low reached 4308.4 and then the market rose strongly. The daily high hit 4374.7 and then the market recovered in late trading. After the daily line finally closed at 4331.2, the daily line closed in the form of a long-legged cross star with the upper shadow line slightly longer than the lower shadow line. After such a form ended, today's market tried to go short. At the point, the long sum of 3325 and 3322 below The longs of 3368-3370 and the longs of 3377 and 3385 and the longs of 3563 were followed up with stop loss at 4000 after reducing positions. Last week, the longs of 4176 and 4174 were long and the longs of 4187 and 4184 and the longs of 4208 and 4205 were followed by stop losses. Hold at 4220. After reducing the long position of 4310 yesterday, the stop loss is placed at 4307. If today's market falls back to 4312, the long stop loss is 4307. The target is 4335 and 4342, 4355 and 4367-4370, and be prepared to leave the market short.

After the silver market opened at 66.177 yesterday, the market first fell back to 65.514 and then rose strongly. The highest daily line touched 66.65 and then the market fell back strongly. The lowest daily line reached 64.579 and then consolidated. After the daily line finally closed at 65.473, the daily line closed with a barcode line with a long lower shadow., and after this pattern ends, the longs of 37.8 and 38.8 below will be held at 56. The longs of 50.75 and 52.7 in the previous week will be reduced and the stop loss will be followed at 60. If it falls back to 64 and longs and stops at 63.7 in early trading, the targets will be 64.6 and 65, 65.3 and 65.5.

European and American markets opened at 1.17399 yesterday, and then the market fluctuated and fell back. The daily low reached 1.17108, and then the market rose rapidly. The daily high hit 1.17629, and then the market quickly fell back in late trading. The daily line finally closed at 1.17231. After the position, the daily line closed with an inverted hammer-like shape with an upper shadow line longer than the lower shadow line. After the end of this form, today's short stop loss of 1.17550 is 1.17700. The target below is 1.17250, 1.17100 and 1.16900-1.16700.

The U.S. crude oil market opened at 56.85 yesterday and then the market rose slightly to reach 56.95. Then the market fluctuated and fell back. The daily line reached the lowest position of 55.81 and then the market consolidated. The daily line finally closed at 56 After reaching the position of .01, the daily line closes with a big negative line with a slightly longer lower shadow. After the www.xmtraders.completion of this form, today's short stop loss of 56.7 is 57.2, and the target below is 56 and 55.8, and if it falls below, 55.2 and 55.

After the Nasdaq opened at 24756.39 yesterday, the market fell first. After the daily low reached the position of 24663.19, the market rose strongly. The daily high reached the position of 25178.82 and then consolidated. After the daily line finally closed at 24974.98, the daily line ended with a long upper shadow line. The Yang line closes, and this form closes, and after this form ends, today's stop loss is 24690 over 24750, with targets at 24900, 25000, and 25100-25250.
Fundamentals, yesterday's fundamentals, the United States' unseasonally adjusted core CPI annual rate recorded 2.6% in November, a new low since March 2021. Such unexpected data also opened the way for further interest rate cuts. The European Central Bank kept interest rates unchanged, in line with market expectations. ECB officials say the rate-cutting cycle is likely over. The Bank of England lowered its benchmark interest rate from 4.00% to 3.75%, in line with market expectations. Bank President Bailey said the pace of interest rate cuts will slow. Today's fundamentals focus on the Bank of Japan's interest rate decision. This round of expectations is that Japan will raise interest rates and raise interest rates above 0.5% for the first time in 20 years.Look at the final value of the University of Michigan Consumer Confidence Index in the United States at 23:00 in December, the final value of the one-year inflation rate expectation in the United States in December, and the annualized total number of existing home sales in the United States in November.
In terms of operation, gold: 3325 and 3322 are long, 3368-3370 is long, 3377 and 3385 are long, and 3563 is long. After reducing the position, the stop loss is followed up and held at 4000. Last week, 4176 and 4174 were long, and 4187 and 4184 were long. Follow up with long stop loss of 4208 and 4205 and hold it at 4220. After reducing the long position of 4310 yesterday, the stop loss is placed at 4307. If today's market falls back to 4312 and long stop loss of 4307, the target is 4335 and 4342, 4355 and 4367-4370 to leave the market and prepare to go short.
Silver: The longs of 37.8 and 38.8 below are held at 56. The longs of 50.75 and 52.7 in the previous week were reduced and the stop loss was followed up at 60. If it falls back to 64 in early trading, the stop loss is 63.7, and the target is 64.6 And 65 and 65.3 and 65.5.
Europe and the United States: Today 1.17550 short stop loss 1.17700 and the target below are 1.17250 and 1.17100 and 1.16900-1.16700.
U.S. crude oil: Today’s short stop loss is 56.7, and the target below 57.2 is 56 and 55.8, and if it falls below, the target is 55.2 and 55.
Nasdaq: Today’s 24750 long stop loss is 24690, and the target is 24900, 25000, and 25 100-25250.
The above content is all about "[XM Foreign Exchange Market www.xmtraders.commentary]: Falling inflation pushes for interest rate cuts, gold and silver range operations". 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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