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6.30 Gold and crude oil fluctuate at low levels latest market trend analysis and today's long and short operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "【XM official website】: Analysis of the latest market trends of 6.30 gold crude oil low-level fluctuations and today's long and short operation suggestions". Hope it will be helpful to you! The original content is as follows:
The recent market rises and falls, and the frequent long-short conversions are frequent. Many investment friends are caught off guard, or don’t know where to start. They fall as soon as they buy, rise when they exit, and return consecutive losses. In fact, this is a situation that many novices will encounter. Let me tell you here that first of all, don’t operate frequently when doing trading, and secondly, you need to have a precise control of the market and stick to your own trading system. Of course, these are empty talk for some novices. After all, there is no strict trading plan to enter the market. Most of them are chasing up and selling down, which leads to serious losses. If you see the article at this moment, you can consult yourself to www.xmh100.communicate and help you point out all the problems in making orders, so that you can avoid detours in the process of trading.
Analysis of the latest trend of gold:
Analysis of gold news: Gold prices fell nearly 2% last Friday, hitting the lowest level in the past month. Optimistic trade-related agreements boosted risk appetite and weakened the attractiveness of gold as a safe-haven asset. This week, the market will usher in group talks between the major central bank governors of the world (Feder Chairman Powell, European Central Bank Governor Lagarde, Bank of England Governor Bailey, Bank of Japan Governor Kazuo Ueda, and Bank of Korea Governor Lee Changyong) and the market will also welcome non-agricultural data. In addition, Powell's remarks on resigning may ignite the market this week, and gold prices may intensify around $3,270/ounce lower track of the Bollinger Band this week.
Gold technical analysis: From the weekly chart, gold closed a large negative entity last week, and the entity was larger than last week's K-line. The pattern closed in a continuous negative engulfing pattern. The closing price was below the short-term 5-week moving average and 10-week moving average, indicating that the decline momentum is strong, and short-term short positions willDominant, with the MACD green column increasing, gold is expected to continue to decline this week to test support around the middle track of 3180-3175. The 10-week moving average above is 3304 and the 5-week moving average are 3315. It will become the key resistance level for the decline again.
From the daily level, gold has been adjusted from 3500 to 3120 to 3120 to form a second surge. After a month of rise, it finally failed to break through 3500. Gold's second surge stopped at 3452 and fell again. The probability of 3452 as a second high is high. The future market runs downward at 3452 is more likely to have a third downward wave. The decline can be referred to as 3500-3120. At present, the Bollinger band has signs of opening, and the 66-day moving average below has been broken, and the market is expected to further fall to the 100-day moving average. However, on Friday, the K-line has lower shadow line, and the Bollinger band has not diverged. It is not easy to directly chase short in operation, but wait for the rebound to confirm the key resistance of 3295 and ma5.
From the 4-hour level, after gold fell to the 3255 line last Friday, the K-line continued to close the lower shadow line, implying that the downward momentum has slowed down. It is necessary to pay attention to the possibility of double bottom support in 3245. At the same time, it is also the support level of the 0.618 for the gold segment of the 3120-3452 band. In www.xmh100.combination with MACD, there are signs of bottom divergence. Short-term operations bearishness and do not chase short. In terms of operations, the main high altitude and auxiliary low long. Pay attention to the short area of 3295-3308 above the short term, and pay attention to the breaking situation of the 3255-3245 area below. The market changes in real time, and operations need to be adapted at any time. As for the medium and long lines, the medium and long lines evolve from the short-term. Once the short-term is successful, it can form a medium and long line by moving upwards and keeping the stop loss, rather than not waiting for the medium and long lines without stop loss after buying. Overall, in terms of gold's short-term operation ideas today, He Bosheng recommends that rebound short sellers should be the main focus, and pullbacks should be the auxiliary focus. The short-term focus on the 3290-3300 line of resistance above, and the short-term focus on the 3250-3240 line of support below.
The latest market trend analysis of crude oil:
Crude oil news analysis: The crude oil market experienced sharp fluctuations last week. Against the backdrop of Iran and Israel reaching a ceasefire agreement, the market's concerns about supply disruptions in the Middle East have significantly cooled down. As of early trading on Friday, Brent crude oil futures rose 34 cents to $68.07 a barrel, or 0.5%; the U.S. West Texas Intermediate crude oil (WTI) rose 33 cents to $65.57 a barrel, or 0.51%. Despite a slight rebound in prices last Friday, the two benchmark oil prices fell by about 12% this week, a rare and significant pullback in recent times. This round of oil price decline reflects the market's high sensitivity to geopolitical factors. Although the ceasefire agreement suppresses oil prices in the short term, the dual impact of tight internal inventory in the United States and peak summer travel is gradually changing the supply and demand pattern. If inventories continue to decline in the future, or the US dollar remains weak, oil prices are expected to rebound on the current basis. But investors still need to be wary of the potential risk of the situation in the Middle East deteriorating again.
Crude oil technical analysis: Crude oil is viewed from the daily chart level,The future trend fluctuates upward test around 78. The K-line closes to a large physical negative line, and has not yet destroyed the moving average system and is still supported. The medium-term objective trend is upward. However, from the perspective of momentum, the MACD indicator crosses downward above the zero axis, indicating that the bulls' momentum is weakened, and it is expected that the medium-term trend of crude oil will fall into a high-level oscillation pattern. The short-term (1H) trend of crude oil continues to fluctuate and consolidate in a narrow range, with a very small amplitude. Oil prices repeatedly travel around the moving average system, and the short-term objective trend fluctuates. The momentum is long and short, and it is expected that the crude oil trend will remain volatile and consolidation pattern during the day. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that rebound high altitudes should be the main focus, and the retracement should be the low long as the auxiliary. The short-term focus should be on the 67.0-68.0 line resistance at the top, and the short-term focus should be on the 63.0-62.0 line support at the bottom.
He Bosheng's message: I don't have gorgeous language here, only real trading and Mingming Lang Lang's operations. The market has only one direction, neither bulls nor shorts, but right direction. Reasonable risk control + good investment returns allow every retail investor to find the real pleasure of investing, and no longer the hard trading of their own every day but the continuous increase in losses. I have always believed that choice is more important than hard work. A good instructor and a good technical team should be more responsible to customers in addition to bringing profits to customers. Individual investors, if they face the market alone, they are easily confused by the authorities and are caught off guard when encountering sharp rises and falls. If someone can see the situation clearly outside the circle and give the direction, they can do better.
This article is exclusively planned by gold crude oil analyst He Bosheng. Due to the delay in online push, the above content is personal advice. Because the online publication is timely and the suggestions in the article are for learning reference only, and the risks of operating based on this are at your own risk. No matter whether the views and strategies of the article are consistent with everyone's opinions, you can www.xmh100.come to me to discuss and learn together! There is nothing difficult in the world, I am afraid of those who are interested. Investment itself carries risks, reminding everyone to identify the authoritative platform and the strong teacher. Fund safety is the first priority, secondly, consider operational risks, and finally how to make a profit.
The above content is all about "[XM official website]: Analysis of the latest market trends of gold and crude oil low-level fluctuations and today's long and short operation suggestions". It was carefully www.xmh100.compiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
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