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8.13 Analysis of the latest market trends of gold and crude oil and today's exclusive operation suggestions guidance layout
Wonderful introduction:
Without the depth of the blue sky, there can be the elegance of white clouds; without the magnificence of the sea, there can be the elegance of the stream; without the fragrance of the wilderness, there can be the emerald green of the grass. There is no seat for bystanders in life, we can always find our own position, our own light source, and our own voice.
Hello everyone, today XM Foreign Exchange will bring you "【XM Group】: Analysis of the latest market trends of 8.13 gold and crude oil and guidance on today's exclusive operation suggestions". Hope it will be helpful to you! The original content is as follows:
Same market, different guidance, different life. The characteristic of novices is that they do not understand technology and enter the market blindly. They only consider one issue each time they trade: they think that as long as they predict the market's rise and fall, they can make this transaction. This approach of focusing on direction and ignoring position has caused traders to fail. In fact, there is a big difference between the "momentum" and the "direction" that follow the trend, because the direction of the market's movement is in a volatile pattern, and the market trend is often global. What I can do here is to help you control your position reasonably, place orders using support and resistance levels, so that every order has reasonableness and traces to follow. The buying and selling points should not enter the market at will, please be responsible for your own funds. If you really can't grasp the market, you can www.xmh100.come to find me. There will be no loss for you if you have an extra analyst. Always remember one thing: professionals do professional things, and all practical things are only for profits, and cooperation is only for win-win results.
Analysis of the latest gold market trend:
Analysis of gold news: On Tuesday (August 12), spot gold fluctuated and fell in a narrow range, and it is currently trading around $3,341.25 per ounce. Spot gold prices fell 1.6% on Monday, hitting a low of $3,341.25 per ounce on the session, hitting a new low in more than a week. U.S. gold futures for December delivery closed down 2.5% lower, with a settlement price of $3,404.70 per ounce. This decline not only erased the all-time high of $3534.1 per ounce set last Friday, but also left investors in confusion. At its root cause, multiple negative factors are intertwined, including Trump's statement of exemption to gold tariffs and China-US tradeThe renewed extension of the tariff truce, the potential progress of the Russian-Ukrainian peace talks, and the market's anxiety about the upcoming U.S. inflation data. Together, these events weakened the risk-haven charm of gold and pushed prices to accelerate their decline. However, in the context of uncertain Fed interest rate outlook, inflation reports may be the turning point in gold's fate.
Gold technical analysis: Under the idea of peaking and bearishness on Monday, gold successfully fell after opening, and continued to midnight in the US market. The lowest gold was around 3341. On Monday, a wave of small unilateral strength was directly exposed, with more than 60 US dollars above and below. This strength cannot be said to be the performance of the market on Monday. In fact, it is more important to say that the short sellers increased in volume after the high fluctuation on Thursday and Friday, www.xmh100.completing He Bosheng's prediction of adjustment after the big rise last week. Gold won two consecutive wins yesterday with backhanded shorts, and gold is still better than the shorts. Gold continues to be short in the early trading. Today, it focuses on the US CPI. Before the data, it is still the main thing to watch for the rebound under pressure and fall. It is a single-day decline of US$64 on Monday! A very powerful market trend, gold ended weakly at the end of the trading session, and finally closed at the $3342 line. The daily line closed with a large negative line with a slightly longer upper shadow line. After this pattern ended, gold undoubtedly continued to bearish and short today, and gold still had room and demand for continued decline. Today, gold pays attention to the upper resistance at the $3365 line, and continues to short based on the resistance here. Let's look at the $3330 and $3315 line below!
The gold 1-hour moving average has entered a dead cross short pattern, so there is still momentum for the decline. After falling below the key position of the 3365 line yesterday, it rebounded several times under pressure at 3365 line and suppressed the decline. Today, the pressure at 3365 is still mainly at high altitude. The 1-hour decline slope means that the gold shorts will not end for the short term. If there is no news stimulation, it will be deep V directly, so it will still be short. Special reminder that the market will release the US July CPI data in the evening, which will just affect the current volatile environment. It is expected that the CPI data will go out of the direction of gold this week. Therefore, the key market on Tuesday is in the US market. A brief analysis is initially. Under the current trend, if the CPI data is more favorable and gold strengthens, this wave will rise to a high of 3390, the CPI data is negative, and gold continues to weaken, and this wave will fall to a low of 3310. Overall, in terms of today's short-term gold operation ideas, 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 3358-3368 line of resistance above, and the short-term focus on the 3320-3310 line of support below.
The latest market trend analysis of crude oil:
Crude oil news analysis: International crude oil prices rose slightly on Tuesday, as the United States and Asian powers agreed to extend tariffs for 90 days, and the market's concerns about trade were significantly relieved. Brent crude oil futures flat at $66.65 per barrel; US West Texas Intermediate crude oil (WTI) futures fluctuated slightly to $63.89 per barrel. The U.S. said the extension of tariff suspension is intended to avoid impact on the holiday consumption season at the end of the year, and also to promote both sides.One-step negotiation provides time. The market generally believes that this move is expected to lead to an agreement to avoid pressure on economic growth of both countries and thus support global crude oil demand. Judging from the current situation, the suspension of tariffs and the expectation of Russia-Ukraine peace talks will bring short-term benefits to the oil market at the same time, but the actual effect depends on the results of the negotiations and the direction of the Federal Reserve's policy. Oil prices may be under pressure once negotiations break down or inflation data are higher than expected. Therefore, it is necessary to pay close attention to the synchronous changes in political and economic signals.
Crude oil technical analysis: From the daily chart level, the K-line closed the negative line for seven consecutive trading days, the oil price fell below the lower edge of the original oscillation range, and the medium-term subjective trend was downward. The moving average system has not yet formed a short arrangement, and the medium-term objective trend is in a conversion period. From the perspective of kinetic energy, the MACD indicator gradually penetrates the zero axis position, and the short kinetic energy gradually becomes stronger. It is expected that the medium-term trend of crude oil will turn downward. The short-term (1H) trend of crude oil fluctuates downward at a low level, and oil prices repeatedly cross the moving average system at a low level, and the short-term objective trend shows a volatile rhythm. The fluctuation range is between 62.80-64.60. In the early trading, oil prices were running near the lower edge of the range, and bears performed insufficiently. It is expected that the intraday crude oil trend will fluctuate mainly in the range. 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 66.0-67.0 line resistance at the top, and the short-term focus should be on the 62.5-61.5 line support at the bottom.
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 Group】: Analysis of the latest market trends of 8.13 gold and crude oil and today's exclusive operation suggestions and guidance layout". 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!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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