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Moonline shooting star, gold and silver shorter and higher altitude
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Hello everyone, today XM Foreign Exchange will bring you "【XM official website】: Moon shooting star, gold and silver short, high altitude after long". Hope it will be helpful to you! The original content is as follows:
Yesterday, the gold market www.xmh100.completed the final structure of June. Today, we will first review the monthly line market. The market opened at 3298.2 in early June and then rose directly. The market fell. The position of 3404.8 was given. The market rose strongly due to the risk aversion news in the Middle East. The monthly line reached the highest point of 3451.5 and then fell strongly. The monthly line was given the lowest point of 3245.8 and then the market rose at the end of the trading session. After the monthly line finally closed at 3303.2, the monthly line closed in a shooting star with an extremely long upper shadow line. After this pattern ended, the monthly line constructed a high-level rubbing and consolidation range. The July market technically had the pressure of range falling under the background of such monthly line pressure.
Yesterday, the gold market opened at 3280.8 in the morning and then fell directly. The daily line was at the lowest point of 3245.8 and then the market was supported and rose strongly. The weekly line reached the highest point of 3309.8 and then the market consolidated. After the daily line finally closed at 3303.2, the daily line closed in a hammer head pattern with an extremely long lower shadow line. After this pattern ended, today's market had a certain rebound demand. At the point, today's 3292 stop loss 3286, and the target was 3310 and 3316 and 3321 and 3326-3332 pressure.
The silver market opened at 36.016 yesterday and then fell back in the early trading. The daily line was at the lowest point of 35.399 and then the market rose strongly at the end of the trading session. The daily line finally closed at 36.222 and then the market closed in a hammer head with an extremely long lower shadow line. After this pattern ended, the stop loss of 35.6 at 35.8 today, the target was 36.1 and 36.25, and the break was 36.4 and 36.6.
The European and American markets opened at the beginning of the month at 1.13497 and then the market slightly fell back to the position of 1.13414. After the market fluctuated and rose all the way. Yesterday, the monthly line reached the highest point of the month at 1.17885 and then the market closed. The monthly line closed with a basically saturated positive line. After this pattern ended, the market in July continued to rise to the technical demand. At the point, the stop loss of more than 1.17500 today is 1.17300, and the target is 1.17850 and 1.18000-1.18200.
The US crude oil market continued to fall pressure yesterday. After the opening at 65.8 in the morning, the market fell first. The daily line was at the lowest point of 65.26 and then the market rose strongly. The daily line reached the highest point of 66.66 and then the market fell. After the daily line finally closed at 65.74, the daily line closed in a shooting star with a long lower shadow line. After this pattern ended, today's market still had the pressure of falling back. At the point, today's market was shorted 66.9 today. The target below is 65.8 and 65.3 and 65.
The Nasdaq market opened at 21272.88 in early June and the market fell first. The monthly line was at the lowest point of 21102.56 and then the market fluctuated strongly and rose. The monthly line reached the highest point of 22711. After the 08 position, the market consolidation was www.xmh100.completed. The monthly line finally closed at the 22648 position. After the market closed with a large positive line with a lower shadow line slightly longer than the upper shadow line. After this pattern ended, the monthly line effectively broke the previous historical high. The market in July continued to be bullish. At the point, the stop loss of more than 22500 today was 22400, and the target was 22650 and 22750 and 22800.
Fundamentals, yesterday's fundamentals, the United States' June business activity index fell slightly from 40.5 in May to 40.4, lower than the expectation of 43.0, the lowest level since January, which means that economic activity has shrunk for 19 consecutive months, and the Dallas Fed's business activity index contracted for the fifth consecutive month. Federal Reserve Bostic: I still expect a rate cut this year. It is expected that there will be three rate cuts next year.There is no need to deal with inflation by hikes; Goldman Sachs advanced the Fed's forecast to cut interest rates until September. Therefore, after the data, the US index fell strongly, and the gold, silver and non-US markets rose. Today's fundamentals mainly focus on the initial value of the euro zone's June CPI annual rate at 17:00. Then look at the final value of the US S&P Global Manufacturing PMI in June at 21:45. Look at the 22:00 US June ISM Manufacturing PMI and US May JOLTs job openings and US May construction expenditure monthly rates.
In terms of operation, gold: 3292 long stop loss 3286 today, targeting pressures of 3310 and 3316 and 3321 and 3326-3332.
Silver: 35.8 today's long stop loss 35.6, target 36.1 and 36.25, breaking the position 36.4 and 36.6.
Europe and the United States: 1.17500 today's long stop loss 1.17300, target 1.17850 and 1.18000-1.18200.
US crude oil: 66.5 today's short stop loss 66.9, below The target is 65.8 and 65.3 and 65.
Nasdaq Index: Today's 22500 stop loss is 22400, and the target is 22650 and 22750 and 22800.
The above content is all about "[XM official website]: Monthly shooting star, gold and silver short long and high altitude" and is 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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