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12.23 Analysis of the latest price rise and fall of gold and crude oil prices and today’s exclusive operating advice and guidance
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Hello everyone, today XM Forex will bring you "[XM official website]: 12.23 gold and crude oil latest market price rise and fall trend analysis and today's exclusive operation advice and guidance." Hope this helps you! The original content is as follows:
The market has always been about understanding people making money from confused people. In a market economy, as long as you participate in the economy, you are an economic man. Of course, economic man aims to make profits. Especially in the capital market, there are no philanthropists, only winners and losers. No matter how successful you are in other areas, when it www.xmtraders.comes to the market, winning or losing is the only criterion. To survive in the market, you must be like a stream, not impatient, live in a narrow gap, and seek the simplest and purest state. My philosophy is that when the point is reached, we will do it; when the point is not reached, we will watch. I am He Bosheng, whether you are a newbie or an experienced player. If you are confused about investing or have suffered losses, you can consult the author. In the face of opportunities: smart people are always willing to make mistakes rather than let them go.
Analysis of gold’s latest market trends:
Analysis of gold news: International gold opened strong on Monday (December 22), boosted by increased expectations of an interest rate cut by the Federal Reserve and driven by buying at the 5-day moving average; although However, the U.S. dollar index opened lower in early trading and strengthened directly. The short-term bias is to rebound. However, the trend is below the 200-day moving average. The weekly and monthly charts have not shown a trend reversal. Therefore, the short-term strength will have limited pressure on the gold price, and the direction is good for the gold price. There is no key data to focus on during the day. The positive factors from last week will continue, as well as Tuesday’s initial value of the annualized quarterly rate of real GDP in the third quarter of the United States and the monthly rate of U.S. durable goods orders in October, which are expected to be lower, which is good for gold prices. Therefore, gold prices tend to rebound and strengthen at the beginning of the week, and operations can remain low and bullish.
Gold technical analysis: Gold continued its bullish offensive at the opening on Monday. As of now, it has stabilized above $4,380 and started to fluctuate at the 4,420 line.. From the 4-hour chart, a big positive line rises from the ground, and the technical form is overall bullish, but operations still need to be cautious - the K line continues to have a shadow line, highlighting that the pressure above still exists, and it is not appropriate to chase higher for the time being. You can choose the opportunity to intervene after the retracement is corrected. It should be noted that if the long-term high sideways market cannot be broken through, the risk of retracement will gradually accumulate; and the longer the sideways market is, the more momentum will be accumulated, and the subsequent breakthrough may be stronger.
Technically, first focus on the short-term support in the 4388-4373 range, and focus on defending the important support band 4360-4355 below. The overall trend is still running in the upward channel, so keep thinking along the trend. Gold bulls continue to push upward along the hourly upward trend line, so gold bulls will continue to follow the trend when they fall back. Gold quickly stabilized after a 4-hour correction in early trading, and the middle track of the Bollinger Bands effectively provided support. Although KDJ was in the overbought zone, it did not show a cross, and the probability of continuing to rise after consolidating is high! On the whole, today's 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 4450-4470 first-line resistance, and the bottom short-term focus will be on the 4400-4380 first-line support.
Analysis of the latest crude oil market trends:
Crude oil news analysis: At the beginning of the European trading session on Monday, international oil prices rose moderately and were trading around US$57.45/barrel. Market news shows that the United States has recently adopted stricter enforcement measures against transportation activities involving Venezuelan crude oil exports. This development has become one of the important factors supporting oil prices. According to market research, the United States intercepted an oil tanker related to Venezuelan crude oil transportation last weekend. Meanwhile, U.S. regulators are still tracking another similar tanker. If the relevant actions make progress, it will mean that in less than two weeks, multiple law enforcement incidents targeting Venezuelan crude oil exports have occurred, releasing a signal of continued tightening of policy enforcement. Judging from trading sentiment, there are currently no obvious signs of a rebound in risk appetite in the oil market. On the one hand, geopolitical factors have provided short-term support for oil prices; on the other hand, the expected slowdown in global economic growth and uncertainty about the outlook for crude oil demand still restrict upward prices.
Crude oil technical analysis: Looking at the daily chart of crude oil, the oil price will enter a shock when it hits around 54.80, with the K line alternating between yin and yang. The moving average system is arranged in a short position, suppressing oil prices, and the objective trend is downward in the medium term. The current subjective and objective trend direction of crude oil has been downward, and the medium-term trend of crude oil remains unchanged. The short-term (1H) trend of crude oil found support at the lower edge of the range and rebounded slightly upward. Oil prices broke through the suppression of the moving average system and rose to touch the 57 line. The moving average system returns to the bullish arrangement, and the short-term objective trend is upward. Pay attention to the continuity of the upward trend during the day, and it is expected that the crude oil trend will continue to rise with a high probability. On the whole, today's crude oil operation thinking is based on He Bosheng's suggestion to focus on the lows and longs, supplemented by the rebound from highs. The top will focus on the 59.0-60.0 first-line resistance in the short term, and the bottom will focus on the 56.5-55.5 first-line support in the short term.
He BoxhengMessage: There are no unsuccessful investments, only unsuccessful operations. He Bosheng has been immersed in the financial industry for many years. He has rich practical trading experience and unique trading concepts. He is good at interpreting world economic news, analyzing global investment trends, and focusing on trend analysis of crude oil, gold, silver, and foreign exchange. If you have never made an investment and want to learn more about it, or if your operations are not smooth and your investment often shrinks, and you want to learn technical analysis to read the market, then you have to www.xmtraders.communicate with me more. The financial industry is ever-changing. All I hope is to use my professional knowledge and years of experience to protect your funds.
The above content is all about "[XM Official Website]: 12.23 Gold Crude Oil Latest Market Rise and Fall Trend Analysis and Today's Exclusive Operation Suggestions and Guidance". It is 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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