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market analysis
The King of Understanding arrogantly pushes up oil prices, gold and silver hit the bottom and go low and long
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Hello everyone, today XM Forex will bring you "[XM Group]: The king of understanding is arrogantly pushing oil prices, gold and silver are bottoming out and going long". Hope this helps you! The original content is as follows:

Yesterday, the gold market opened at 4759 in early trading, and the market first rose to a position of 4801.3. Then the market fell back strongly under the pressure of the US President's speech and the technical pressure of the daily Bollinger mid-track and downward trend lines. The daily minimum was at 4553.8, and then rose strongly in late trading. After the daily line finally closed at 4677.9, the daily line closed at 1 The big negative line with extremely long lower shadow line has closed. After the end of this form, today's market will still need more to rebound. In terms of points, last week's long stop loss of 4120 followed up at 4400, and the long position reduction of 4310 The stop loss is followed up at 4500. Today’s market is near 4645 and the stop loss is 4640. The targets are 4680, 4700, 4712 and 4735.

The silver market opened at 74.854 yesterday and was turbulent in the early trading. It quickly shot up to 81.094 and then fell back sharply. During the U.S. session, the daily minimum reached a low of 69.5 and then the market pulled strongly. After rising, the daily line finally closed at 72.987, and the daily line closed in a spindle shape with the upper shadow line longer than the lower shadow line. After the www.xmtraders.completion of this form, today's 71.6 long stop loss is 71.3, and the target is 72, 73, and 74-75 pressure.

EuropeThe U.S. market opened yesterday at 1.15860, and the market initially rose. The highest daily line touched 1.16053, and then the market fell back strongly. The lowest daily line reached 1.15079, and then consolidated. The daily line finally closed at 1.15377. , the daily line closes with a big negative line with a lower shadow line slightly longer than the upper shadow line. After the end of this form, today's market price is 1.15700, short stop loss is 1.15850, and the target is 1.15350, 1.15100 and 1.15000.

Yesterday, the U.S. crude oil market opened at 98.9 in early trading and then fell back to 97.66. Afterwards, the market was affected by the strong speech of the U.S. President and rose strongly. The daily line reached a high of 114.2. After finishing, the daily line finally closed at 112.1, and closed with a big positive line with the upper shadow line longer than the lower shadow line. After finishing in this form, whether the market can continue this momentum next week still depends on the intensity of the war between the United States and Iran.

After the Nasdaq opened at 23998.35 yesterday, the market first rose to a position of 24067.25 and then fell back strongly. The daily low reached a position of 23485.6 and then rose strongly in late trading. The daily high reached a position of 24085.37 and then consolidated. The daily line finally closed at 24037.05. After placing the position, the daily line closed with a morning star pattern with a very long lower shadow. After the end of this pattern, today's stop loss is 23840 over 23900, with targets at 24050 and 24150, 24200 and 24250.
Fundamentals, yesterday's fundamentals: The number of initial jobless claims in the United States fell last week, and the labor market maintained a low hiring and low layoff situation. What detonated the market yesterday was the US President's speech at 9 am. His speech stated that the US military had achieved a quick and decisive victory. He emphasized that the core strategic goal is close to being achieved, "We have to www.xmtraders.complete the task, and we have to www.xmtraders.complete it quickly. We are very close, and in the next two to three weeks, we will deal a heavy blow to them. We are on track to resolve all military concerns of the United States as soon as possible, very quickly. Regime change was not our plan, but it happened." He threatened to return Iran to the Stone Age where they belong. "If there is no agreement, Iran's power plants will be struck." The goal is clear: destroy Iran's ability to threaten the United States and destroy its defense industrial base. The United States has several options for attacking Iranian oil, including seizing key energy facilities. Trump thanked allies in the Middle East and said the United States would not let them be harmed. It is worth noting that the US president did not announce his withdrawal from NATO. It had been expected that the US president might use this opportunity to criticize NATO allies for not participating in the fight against Iran. speechAt the same time, crude oil prices rose violently, and gold and silver fell strongly due to liquidity. However, they rose strongly in late trading under the influence of expectations of violent inflation. Today's fundamentals mainly look at the U.S. unemployment rate in March at 20:30 and the U.S. non-farm payrolls after seasonal adjustment in March. This round is expected to be 4.4% and 54,000 people. Later, we will look at the final S&P Global Services PMI value for March at 21:45 in the United States. At the same time, today is also Good Friday. Exchanges in most Western countries are closed, and market prices are basically fixed.
In terms of operation, gold: Last week’s long stop loss of 4120 was followed up at 4400, and after the long reduction of 4310, the stop loss was followed up at 4500. Today’s market is near 4645, and the long stop loss is 46 40, the target is 4680 and 4700, 4712 and 4735.
Silver: 71.6 today, stop loss 71.3, the target is 72, 73 and 74-75 pressure.
Europe and the United States: Today’s market price is 1.15700, short stop loss is 1.15850, and the target is 1.15350, 1.15100 and 1.15000.
Nasdaq: Stop loss 23840 for more than 23900 today, target 24050 and 24150 and 24200 and 24250.
The above content is about "[XM Group]: The entire content of "Knowing King's arrogant push for oil prices, gold and silver bottoming out, going low and long" was 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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