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Analysis of the latest market trend of gold’s sharp rise and fall on 12.19, exclusive operation suggestions for crude oil today
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: The latest market trend analysis of gold's sharp rise and fall on 12.19, and exclusive operation suggestions for crude oil today". Hope this helps you! The original content is as follows:
There are no absolutes in the market, and there is no set trend in ups and downs. Therefore, a balanced judgment on the ups and downs of market conditions is your magic weapon to win. desire! There is an Italian proverb: Let money be our loyal servant, otherwise it will become a domineering master. Both short and long positions can make money, only greed cannot. Do you control your desires or do your desires control you? The ancients said: If you don't accumulate silicon, you can't reach a thousand miles; if you don't accumulate small streams, you can't become a river or sea. I hope this sentence can become a mutual encouragement between us. Know yourself! People know themselves, and the principles are valid in any industry, and the same is true in the financial circle. If you don't know it, you will make mistakes, and making mistakes will make you sad. People need to breathe, and perfect trading is like breathing. Stay flexible and don't have to trade in every band. The secret to profitable trading is to implement simple rules, do simple things repeatedly, and implement them strictly for a long time!
Analysis of the latest gold market trend:
Analysis of gold news: During the European trading session on Wednesday (December 18), spot gold fluctuated within a narrow range near the high of the past two months. It is currently trading in the area of about 4325-4343 US dollars, and the overall trading space has narrowed significantly. On the one hand, some bulls are taking profits at high levels, and at the same time, the U.S. dollar index has rebounded to a certain extent, which has put some pressure on gold. But on the other hand, gold's attributes as a traditional safe-haven asset remain strong, and the overall downside is expected to be limited. Traders are paying close attention to the U.S. Consumer Price Index (CPI) inflation report to be released on Thursday. This data is regarded as a key indicator affecting the future direction of the Federal Reserve's monetary policy. Market expectations show that the Toutiao CPI may increase by about 3.0% year-on-year in November.Core CPI is expected to remain around 3.0%. At the same time, data on weekly initial jobless claims in the United States will also be released that day. Together, these indicators will provide investors with the latest clues about the health of the U.S. economy. If the CPI data is mild, it may further consolidate expectations for interest rate cuts and push gold to break upward; conversely, if inflationary pressure exceeds expectations, it may strengthen the dollar and temporarily suppress the trend of gold. Regardless of the outcome, this report will trigger significant market fluctuations and become a bellwether for short-term gold price trends.
Gold technical analysis: From a technical point of view, the daily cycle and the 4-hour cycle are very obvious. The strong effect of the daily cycle has not changed. If the unilateral moving average continues to rise under the strong unilateral moving average, if it breaks through 4355, it can look at 4385. But once the moving average support is broken and the market changes, the space below may also open up, and it is possible to go to last week's low of 4260. The 4-hour cycle is a performance of the shock range. The Bollinger is temporarily closed, the moving average is glued, and the double top of 4350 has not broken. Therefore, it is no problem to maintain the short position under the suppression of 4350 in the short term and see the room for adjustment. The premise of this principle is that 4355 has not broken. Therefore, Thursday's trading must also maintain the short trend and go long at the low level. So, keep this view unchanged on Thursday and Friday. We should look at the upward trend under the trend, but we should also pay attention to the room for adjustment. The temporary performance is optimistic about Thursday. On Friday, gold will go to the low of 4280 and 4260. On the whole, in terms of short-term operation of gold, He Bosheng recommends to focus on long callbacks, supplemented by rebounds from high altitudes. The top short-term focus will be on the 4350-4370 first-line resistance, and the bottom short-term focus will be on the 4310-4290 first-line support.
Analysis of the latest crude oil market trend:
Crude oil news analysis: During the Asian trading session on Thursday, international crude oil prices continued yesterday's strong rebound, trading around US$56.70/barrel. At present, the technical level is still within the oversold rebound range, and there has been no clear trend change. Although prices have stabilized and rebounded, due to the North American holidays and year-end factors, the overall market trading is still light, and the willingness to enter the market is limited. The main driver of this round of rebound www.xmtraders.comes from the tough stance of the United States on the geopolitical level. This rebound in oil prices is more of an emotional response to geopolitical risks than a substantial improvement in supply and demand fundamentals. Until global inventories remain high and expectations of oversupply are not broken, it will be difficult for a single country or region to upgrade its policies to support oil prices in the long term. If there is no clear follow-up action to reduce production or signals of demand recovery, oil prices may still fluctuate repeatedly in the low range, with limited room for rebound.
Crude oil technical analysis: From the daily chart level and from the local level, the current oscillation rhythm of crude oil is minor, and the K-line has closed negative for 4 consecutive trading days. It fell below the strong mid-term support position of 56. The moving average system is arranged in a short position, and the objective trend direction in the medium term is downward. At present, the objective trend direction of crude oil has been downward, and if the strong support is broken, it will enter a downward rhythm in the medium term. The short-term (1H) trend of crude oil rebounded strongly, and oil prices crossed the moving average.The system forms a repetitive nature, and the short-term objective trend tends to fluctuate and consolidate. Looking at the main trend direction, the subjective trend of crude oil is upward. The MACD indicator crosses the zero axis, and bulls have strong momentum. It is expected that the trend of crude oil will continue to rebound during the day, with limited space. On the whole, today's crude oil operation thinking is based on He Bosheng's suggestion to rebound from high altitudes, supplemented by falling back to lows. The top short-term focus is on the first-line resistance of 58.0-59.0, and the bottom short-term focus is on the first-line support of 55.0-54.0.
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 Market Analysis]: 12.19 Gold's latest market trend analysis of sharp rise and fall, and today's exclusive operation suggestions for crude oil". 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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