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market analysis
Oversold hammer hits the bottom, gold and silver are short and then long
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market www.xmh100.commentary]: Oversold bottom hammer, gold and silver are short and then long". Hope this helps you! The original content is as follows:

Yesterday, the gold market opened at 4125.4 in early trading and then fell back in early trading. The daily minimum reached 4002.7 and then the market was supported by the hotline level Bollinger Middle Track. It rose strongly, and the daily line reached the highest position of 4162, and then the market surged higher and fell back. After the second position of 4008, it rose late in the session. After the daily line finally closed at the position of 4098.3, the daily line fell with one line. The hammer head pattern with extremely long shadow line closes, and after such a pattern ends, the long position of 3325 and 3322 below, the long position of 3368-3370 last week, the long position of 3377, 3385 long and the long position of 3563 will be reduced. The stop loss is followed up and held at 3750. Today, it first pulls up 4150 and tries to short loss 4156. The lower targets are 4065 and 4040, 4032 and 4020. The lower target is to prepare to go long near 4015.

The silver market opened low yesterday at 48.284 and then the market fell back first. The daily low reached 47.479 and then the market rose strongly. The daily high hit 49.292 and then the market rebounded. After the daily line finally closed at 48.381, the daily line closed in the form of a long-legged cross star with the upper shadow line slightly longer than the lower shadow line. After this form ended, the longs of 37.8 and 38.8 below followed up and were held at 42. Today 49.1 short loss 49.35 below the target to see 48.2 and 47.6 and 47.2-47.

European and American markets opened at 1.15988 yesterday, and then the market first rose to reach 1.16159 and then fell back strongly. The daily minimum reached 1.15757 and then rose in late trading. The daily maximum touched 1.16223 and then consolidated. The daily line finally closed. After the line reached the position of 1.16090, the daily line closed in a spindle shape with the lower shadow line longer than the upper shadow line. After the end of this form, the stop loss was 1.15600 after 1.15800 today, and the target was 1.16100, 1.16300 and 1.16600.

The U.S. crude oil market first fell back after opening at 57.92 yesterday. The daily low reached 57.69, and then the market rose strongly. The daily high hit 60.72, and then the market was consolidated by the pressure of Fibonacci 38.2 in this cycle. The daily line finally closed at 59. After the position of 56, the market closed with a big positive line with a long upper shadow line. After such a form ended, the long position of 56.7 the day before yesterday was followed up by the stop loss at 58. Today's market is 59 and the stop loss is 58.5. The target is 60.2 and 60.8, and the break position is 61.5 and 62-62.4.

The Nasdaq opened at 25113.47 yesterday, then the market retreated slightly to a position of 25050.83, and then the market rose, with the daily highest hitting 25177.67 The market fell back strongly after the position, and the daily line reached the lowest position of 24638.93. After that, the market was supported by the 23.6 Fibonacci of this round of upward movement. The daily line finally closed at the position of 24877. Such a big negative line with a very long lower shadow closes. After the end of this form, yesterday's short position at 25150 was reduced and the stop loss was followed up at 25120. Today's short loss at 25050 is 25110. The target below is 2490. 0, 24800 and 24650, if it falls below 24500-24450.
Fundamentals, yesterday's fundamentals: The US "shutdown" continues, and the US Senate rejected the temporary appropriation bill for the 12th time. U.S. Energy Secretary: Oil prices are very low and now is a good time to buy (replenish war reserves). Crude oil prices continue to rise, and today's fundamentals focus on the annualized total number of existing home sales in the United States in September at 22:00. Bowman, the Federal Reserve Vice Chairman for Financial Supervision, who was also announced at the same time, testified before the U.S. Senate Banking www.xmh100.committee on the supervision of financial regulatory agencies.
In terms of operation, gold: the long sum of 3325 and 3322 belowLast week, 3368-3370 was long, 3377, 3385 was long, and 3563 was long. After reducing the position, the stop loss followed up and was held at 3750. Today, it first pulled up 4150 and tried to short loss 4156. The lower target is 4065 and 4040, 4032, and 4020. The lower part is prepared to be long near 4015.
Silver: The longs of 37.8 below and the longs of 38.8 follow up and hold at 42. Today’s short loss is 49.1 and the target below 49.35 is 48.2 and 47.6 and 47.2-47.
Europe and the United States: Today’s 1.15800 long stop loss is 1.15600, and the target is 1.16100 and 1.16 300 and 1.16600.
U.S. crude oil: After reducing the long position of 56.7 the day before, the stop loss followed up at 58. Today's market is 59 and the stop loss is 58.5. The target is 60.2 and 60.8. If the position is broken, the stop loss is 61.5 and 62-6. 2.4.
Nasdaq: After yesterday’s short position reduction at 25150, the stop loss followed up at 25120. Today, the short loss of 25050 and the target below 25110 are 24900, 24800 and 24650. If it falls below, the target is 24500. -24450.
The above content is all about "[XM Foreign Exchange Market www.xmh100.commentary]: Oversold bottom hammer, gold and silver are short and then long". It is carefully www.xmh100.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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