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5.7 Analysis of the latest market trend of gold rising and falling when encountering obstacles, and the exclusive long and short operation suggestions for crude oil today
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Hello everyone, today XM Foreign Exchange will bring you "[XM Official Website]: 5.7 Gold's upsurge and declined latest market trend analysis, and the exclusive long and short operation suggestions for crude oil today." 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 xmmarkets.cne 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 (May 6), spot gold prices rose near the $3,400 mark, setting a recent high. Market analysis shows that gold bulls seem to have regained control of the price trend. Global geopolitical tensions continue to drive market demand for safe-haven assets, and this week's Federal Reserve interest rate decision has also become the focus of market attention. US President Donald Trump once again released tariff threats, including imposing 100% tariffs on overseas films and upcoming drug tariffs, triggering a rebound in market risk aversion. In addition, after the end of China's National Day holiday, buying from Asia, especially the Chinese market, also pushed gold prices to strengthen. The price of gold is 3,500 last month.The all-time high of $20 was just one step away, when gold prices were supported by concerns about large-scale gold purchases and trade wars around the world.
Gold technical analysis: Gold has taken off again, May is destined to be another extraordinary month. Gold has risen for two consecutive days and is now at the 3430 line! If you have carefully studied gold, you will find that it actually has three attributes at the same time, namely xmmarkets.cnmodity attributes, currency attributes and asset attributes. The reason why gold prices have risen so "crazy" this year is precisely because these three attributes are playing the role of price increase. Today, gold has been rising all the way, and there is basically no major adjustment. Then this market is not suitable for chasing too much. You may be at a loss when you adjust at any time and you will not chase too much at night. Let’s first look at a wave of decline adjustments. If you go long, you must wait for the decline to stabilize and then go long.
Following gold hourly line chart, the Asian session is in line with a wave of continuous rise and attack, adjusting to the 10 moving average 3350 in the afternoon to stabilize, and the European session is slow to rise again and approaching the Asian session high. This pattern is still very strong, and there is a high probability of a second pull-up tonight; using the 10 moving average above 3370 as the primary support to continue bullish. With each closing line, the moving average support will slowly move upward, and you need to refer to it yourself; as long as it does not break effectively, it will maintain a short squeeze and pull-up, and 3400 breaks through It will also happen at any time. If you break through, it is easy to continue to attack above 3420. If you rise and fall in the second half of the night and lose the 10 moving average, then you will still have good support for the first time when adjusting to the middle track, and you can continue to be bullish. Overall, in terms of today's short-term operation ideas, He Bosheng recommends that you should go long as the main point of pullback, rebound short as the supplement. The short-term focus on the upper side is on the 3430-3440 line resistance, and the short-term focus on the 3370-3360 line support.
The latest trend analysis of crude oil market:
Crude oil news analysis: International oil prices rebounded slightly on Tuesday, but were still at a four-year low. Previously, OPEC+ announced that it would further increase production by 411,000 barrels per day in June, which is the second consecutive month to expand production capacity, which has caused market concerns about oversupply. Brent crude oil futures rose $0.77 to $61.05 a barrel, while the U.S. West Texas Intermediate crude oil (WTI) rose to $57.93, both rebounding slightly, but still close to its lowest level since February 2021. The increase in production involves eight OPEC+ member states. According to market surveys, OPEC+ has decided to increase production by a total of 960,000 barrels per day between April and June, equivalent to 44% of the 2.2 million barrels per day production cut since 2022. If member states cannot effectively implement quotas, OPEC+ may xmmarkets.cnpletely cancel voluntary production cuts by the end of October.
Crude oil technical analysis: From the daily chart level, the medium-term trend moving average system is arranged downward, and the medium-term objective trend direction is downward. After the oil price hits a low of 55.20, the frequent alternation of bulls and bears formed will accumulate momentum for shorts in the medium term and are expected to further decline to the 50 position in the later period. The short-term (1H) trend of crude oil shows a weak rebound rhythm, and the overall rhythm is the secondary rhythm.. Oil prices repeatedly cross the moving average system, and the short-term objective trend direction enters a volatile rhythm. The fast and slow line of the MACD indicator is lowered on the zero axis, and bear momentum is dominant. It is expected that the crude oil trend will fall before the day will be at risk. 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 resistance of 60.8-61.3 in the upper short-term focus should be on the support of 58.0-57.5 in the lower short-term focus should be on the support of 58.0-57.5 in the lower short-term focus.
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 xmmarkets.cne 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 trend of gold rising and falling when encountering obstacles, and the exclusive long and short operation suggestions for crude oil today". It is carefully xmmarkets.cnpiled 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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