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7.4 Analysis of the price fluctuation trend of gold and crude oil today and the latest exclusive long and short operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "【XM official website】: 7.4 Analysis of the price fluctuation and trend of gold and crude oil today and the latest exclusive long and short operation suggestions". Hope it will be helpful to you! The original content is as follows:
Those who save yourself can save others. The hard thing is not that you make a profit every day, but how to solve it when you are in adversity. People's will will be shaken with the passage of time and the influence of objective things. You must seek internally in good times. Only those who know themselves can be wise and go to a higher point. When you are in adversity, you must seek internally. Only when you are strong can you defeat the enemy and win! All external roots www.xmh100.come from our inner self! We cannot change the uncertainty of objective things, but only by following the laws of objective things from the beginning to the end can we go further! And the so-called law is actually a fait accompli in historical data! Human nature is difficult, so history will happen again! Just like spring, summer, autumn and winter, the four seasons are reincarnated, birth, old age, sickness and death, joy, anger, sorrow and happiness! The same is true for the market! Because the essence of the market is a game of human nature!
Analysis of the latest gold market trend:
Analysis of gold news: On Friday (July 4) 20:30 Beijing time, the U.S. Bureau of Labor Statistics released its June non-farm employment report. The data exceeded expectations and caused severe market fluctuations. The non-farm employment population increased by 147,000 in June, far exceeding the market expectations of 110,000, and the previous value was revised up from 139,000 to 144,000. The unemployment rate unexpectedly fell to 4.1%, lower than market expectations of 4.3% and 4.2% of the previous value. Meanwhile, the average hourly wage annual rate grew by 3.7%, slightly below the expected 3.9%, indicating a ease in wage pressure. In addition, the number of initial unemployment claims for the week was 233,000, slightly lower than expected; the trade deficit narrowed to US$96.42 billion in May, but the market focus is still on non-farm data. This data shows that the US labor market remains resilient, delaying the market's interest rate cut against the Federal ReserveIn the expectation, the US dollar index and US Treasury yields rose rapidly, while safe-haven assets such as gold were under pressure to decline.
Gold technical analysis: From the fact that gold is in a typical rising triangle structure, it reflects that the market bull trend has not been broken but is facing strong resistance and pressure. On the daily chart, gold generally remained fluctuating between US$3,250 and US$3,400, and obvious horizontal support and resistance bands were formed at both ends of the range. The Bollinger bands are in a convergent state as a whole, indicating that the volatility is shrinking and indicating that the large-level direction selection is approaching. The green bar of the MACD index narrows slightly, and the short-term momentum is still bearish but there are signs of weakening. The RSI indicator runs around 49, maintaining a neutral and bearish state, and there is no obvious deviation in the short term, suggesting that there is still a possibility of oscillation and consolidation in the future.
The US non-agricultural data released, and the actual published value of non-agricultural employment was 147,000, which was significantly higher than the expected 110,000. Meanwhile, the unemployment rate fell by 0.1% beyond expectations. The overall data differs greatly from expectations, and this result has had a significant impact on the gold market. After the data was released, the gold price trend fluctuated violently, jumping directly from around 3350 to around 3330, and then fell continuously, and it has reached the lowest point around 3311. Judging from the current situation, the position of 3311 can be temporarily regarded as a temporary low point.
The non-agricultural data was unexpectedly upset, and it was a huge negative. The random index golden cross in the daily chart was the main signal; the BOLL range contracted, and the range contracted in the range of 3418-3280, which is the main range; the price pierced up and down at the central axis position, hovering, and is mainly waiting for the message data stimulation. The upper track of the Bollinger band is $3,380 in the 4-hour Bollinger band, and the integer mark of $3,400 is also near the high of last week's gold price. The 5-day moving average and the MACD indicator turn upwards, the KDJ and RSI indicators are golden fork upwards, and gold has a trend of further rebound in the short term. Overall, in terms of gold's short-term operation ideas today, He Bosheng recommends that the pullback should be long, and the rebound should be short. The short-term focus on the upper short-term focus should be on the 3350-3360 line of resistance, and the short-term focus should be on the 3310-3300 line of support.
The latest trend analysis of crude oil:
Crude oil news analysis: Oil prices fell slightly during the Asian trading session on Thursday, giving up the previous day's gains. Brent crude oil futures fell 0.89% to $68.47 a barrel; U.S. WTI crude oil futures fell 0.85% to $66.81 a barrel. The two benchmark oil prices have risen by more than 3% due to geopolitical tensions. The unexpected increase in U.S. crude oil inventories is the main factor in this round of reincarnation. According to data from the U.S. Energy Information Administration (EIA), as of last week, U.S. crude oil inventories increased by 3.8 million barrels to a total of 419 million barrels, while the market had previously generally expected a decrease of 1.8 million barrels, indicating that demand-side weakness exceeded expectations. In the short term, the crude oil market will continue to seek a balance between weak demand and geopolitical risks. Although the situation in Iran and trade stability support the market, the actual performance of U.S. crude oil inventories and gasoline consumption determines the oil.The key to the price direction. If the U.S. employment data continues to be poor, it may push the Federal Reserve to cut interest rates early, thereby supporting oil prices. But if inventory continues to rise, oil prices may find it difficult to maintain a rebound.
Crude oil technical analysis: From the daily chart level, the medium-term 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 unchanged. 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 breaks through the upper resistance of the range and is operating at an upward trend rhythm. The moving average system is arranged long, and the short-term objective trend direction is upward. The MACD indicator opens upwards above the zero axis, and the bulls perform sufficient kinetic energy. Oil prices fluctuated slightly in a narrow range in the early trading, and it is expected that crude oil will continue to rise during the day. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that the main focus should be on the low-sinking back, and the rebound should be supplemented by the high altitude. The short-term focus should be on the 69.5-70.0 line resistance at the top, and the short-term focus should be on the 65.5-65.0 line support at the bottom.
He Bosheng's message: Now is the era of the rise of the investment industry, and I believe investors are also confused. For example, among the questions of what kind of investment, what platform to choose, how much money to put, whether the funds are safe, whether they can make profits, etc., He Bosheng has seen too many customers' experiences in recent years, and has doubled in one year, lost half of them in one month, etc. I won’t choose to change anything, nor can I change anything. This is the market. What I can do is to make myself work harder, insist on doing my own transactions, and deserve the trust of my customers and me. I guarantee you too much, and what I get is a thousand miles apart. The trust between people is gradually lost. What I want to do is not a one-time transaction, but I hope for a good relationship that will last forever. He Bosheng helps you establish your own investment ideas so that you can go on for the long term, create brilliance together and win-win cooperation.
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 price fluctuation and decline trends of gold and crude oil today and the latest exclusive 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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