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1.9 Gold and crude oil today’s market trading strategy analysis and exclusive online unwinding of gold and crude oil
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Hello everyone, today XM Forex will bring you "[XM official website]: 1.9 gold and crude oil today's market trading strategy analysis and gold and crude oil exclusive online unwinding". Hope this helps you! The original content is as follows:
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Analysis of the latest gold market trend:
Analysis of gold news: During the U.S. market on Thursday (January 8), spot gold continued its decline, falling for the second consecutive day, with an intraday decline of approximately 0.6%, and is currently trading at around US$4,423 per ounce. In the absence of major fundamental catalysts, the decline can be attributed to some investors taking profits ahead of Friday's U.S. non-farm payrolls report. This key data will provide the market with more clues on the path of the Fed's interest rate cuts, thereby affecting the demand for the dollar and providing a meaningful boost to the non-interest-bearing asset gold. At the same time, the market is increasingly accepting the expectation that the Federal Reserve will cut interest rates twice this year, which has put some pressure on the US dollar. The US dollar fluctuated in a narrow range around 98.70 during the European market on Thursday. In addition, a slight deterioration in resilient global risk sentiment, coupled with escalating geopolitical tensions, may provide some support for the safe-haven asset gold.
Gold technical analysis: From a technical perspective, the resonance support area www.xmtraders.composed of the 100-hour simple moving average (SMA, 4429.50) and the 38.2% Fibonacci retracement of the recent rising band at 4428 may provide certain support for gold prices. If this level is effectively broken down, it may trigger a technical sell-off and drag gold prices to the $4,400 mark. Meanwhile, the Moving Average Convergence Divergence indicator line is below the signal line and below the zero axis, and the histogram is expanding in a negative direction, indicating that bearish momentum is strengthening. In addition, the relative strength index (RSI), located near 40, is bearish and continues to decline, reinforcing the short-term bearish bias. On the upside, an immediate rebound attempt will first face resistance at the 23.6% Fibonacci retracement level (4455). If this resistance cannot be effectively broken, any rebound will be limited. On the contrary, if it can continue to stand above the 23.6% Fibonacci retracement level, the market tone is expected to stabilize. On the whole, today's short-term operation of gold, He Bosheng suggests to focus on rebounding from high altitudes, supplemented by falling back to lows. The top short-term focus will be on the first-line resistance of 4460-4480, and the bottom short-term focus will be on the 4420-4400 first-line support.
Analysis of the latest crude oil market trend:
Analysis of crude oil news: International oil prices rose slightly during the US trading session on Thursday, trading around US$57.03 per barrel. Investors are digesting US President Trump’s latest statement that the US has reached an agreement to import Venezuelan crude oil worth up to US$2 billion. The market generally believes that this measure will increase the crude oil supply of the world's largest oil consumer, thereby strengthening expectations of abundant global supply this year. According to market surveys, the arrangement between Washington and Caracas may initially require the rerouting of oil tankers destined for Asian countries. Since Trump imposed an export blockade in mid-December, millions of barrels of Venezuelan crude oil have been stranded in tankers and storage facilities, making it difficult to enter the international market.
Crude oil technical analysis: Looking at the daily chart of crude oil, the oil price entered a shock when it hit around 54.80. The K line closed with a large physical negative line, the moving average system suppressed the oil price, short positions were arranged, and the objective trend direction in the medium term was downward. The current subjective and objective trend direction of crude oil has been downward. According to the law of primary and secondary alternation, the medium-term trend of crude oil maintains a downward rhythm. The short-term (1H) trend of crude oil fell to a new low for the second time, and the downward trend slowed down from the previous trading day. The moving average system is arranged in a short position, and the short-term objective trend direction remains downward. The MACD indicator is intertwined below the zero axis, and the short momentum is dominant. It is expected that after crude oil prices rebound slightly during the day, there is still a risk of continued downward movement. On the whole, today's crude oil operation thinking is based on He Bosheng's suggestion to mainly rebound from high altitudes, supplemented by falling back to lows. The top short-term focus is on the 58.5-59.5 first-line resistance, and the bottom short-term focus is on the 56.0-55.0 first-line support.
He Boxheng’s message: Tea can intoxicate people, and Buddha can help people. Investment has only one purpose, and that is to make more money. In order to make the people around you live a better life, no one’s money is like a storm.It’s scraped and picked up for free on the road. There is no shortage of teachers in this market. What is lacking is a teacher with conscience, a teacher who is responsible and considers the problem from the perspective of the customer. I will share weal and woe with you, advance and retreat together. A responsible teacher can get into your heart, know what you need, and get it right at the touch of a button. My principles of life: tell the truth and do your conscience! I am a principle in placing orders. We will watch before the point is reached, and we will do it when the point is reached! Customize different investment plans for different customers.
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 official website]: 1.9 gold crude oil today's market trading strategy analysis and gold crude oil exclusive online unwinding". 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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