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5.8 Analysis of the latest market trends of gold and crude oil fluctuating and falling back and today's exclusive operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: 5.8 Gold and crude oil fluctuate and fallen latest market trend analysis and today's exclusive operation suggestions." Hope it will be helpful to you! The original content is as follows:
Plan your trading, trade your plan, don’t be lucky in the face of trends, otherwise you will be in pain and upset after being trapped. The more you are confused, the more panicked you become, the more at a loss, and then you will continue to increase your positions against the trend, and the result will be extremely painful. The market is full of opportunities, and opportunities are reserved for those who are prepared. If you miss the opportunity every time you miss it, you will be slapped and then slapped your thighs again. Don’t be too xmmarkets.cnplacent when making money in the market, and don’t be depressed when losing money. Try to maintain a balance and have a professional view of your trading. Don’t expect that this or that will happen in the trading. What you are looking for is careful consideration of the facts, rather than catching up on the wind and shadow.
Analysis of the latest trend of gold:
Analysis of gold news: During the US session on Wednesday (May 7), spot gold prices fell by more than 1%, falling from recent highs. Optimism around Sino-US trade negotiations and expectations for the Fed's policy statement reduced the demand for safe-haven. Spot gold hit its highest level since April 22 before facing resistance. Market participants are now awaiting the Fed’s decision, which could determine the next direction of gold. The market expects the Fed to keep interest rates unchanged; traders are waiting for Powell's speech to get clues to future interest rate cuts that could push up gold prices. The Fed may keep interest rates unchanged; the dovish signal from Powell may boost gold prices, and the hawkish tone may put pressure on gold prices later in the trading period.
Although gold prices pullbacks in the short term reflect trade optimismThe resulting risk-haven demand has weakened, but from a broader perspective, gold price forecasts remain neutral to bullish outlook. Supportive technology levels remain, and potential interest rate cuts or geopolitical instability may revive buying interest. Traders should keep an eye on the tone of the Fed and watch out for progress at the U.S.-China meeting this weekend to find the next driver.
Gold technical analysis: From the perspective of cycle performance, there is a very likely wave of adjustment space under the daily line's three consecutive positives, and the intensity of this adjustment will not be small. It is possible that the big Yin swallows the Yang, directly below 3300. If you xmmarkets.cne out like this, then it can be said that gold will be difficult to rise this week. On Thursday and Friday, it may be a volatile decline or a high fluctuation. From the H4 cycle, a big negative has closed down, covering the previous continuous positive and breaking the support of the 5 and 10-day moving average. This wave may continue to fall to around 3300, but if it fluctuates at a high level and the Bollinger's middle track does not break, it may also rise to the 3430 high again. Therefore, gold in this cycle has risen and fallen, and is now rising and falling. In the small cycle, first pay attention to the support effect of 3355 under the weak early trading. If it is not broken, you can continue to be bullish. The target above is 3400. If the strength is high, look at 3430.
From the short-term 4-hour perspective, gold has a double bottom support after a fall of more than 70 US dollars, and it also hits the previous top-bottom conversion position. Therefore, if 3360 does not break, you can try to continue to hit above 3400 when it is low. Currently, it is consolidating sideways around the 3400-3360 range. Generally, the fluctuations that occur after a strong unilateral pull-up are mostly to repair the divergence of the indicators or consume the downward momentum of the MacD. Once the task is xmmarkets.cnpleted, it will brew up momentum, which is what is often called time and space exchange. Therefore, we should continue to pay attention to the breaking situation of 3360 today, and if the breaking position occurs, the short-term trend will weaken again. Overall, in terms of today's short-term gold operation ideas, 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 on the 3397-3407 line resistance, and the short-term focus on the 3360-3350 line support.
Analysis of the latest trend of crude oil:
Crude oil news analysis: The global energy market showed strong confidence in the easing of trade concerns. Brent crude oil oversold rebounded to $63 per barrel, and West Texas Intermediate Oil (WTI) approached $60 per barrel, up more than 3% from the previous trading day. The rebound in oil prices is not only due to optimistic expectations of global economic recovery, but also closely related to the potential depreciation of the US dollar and U.S. inventory data. The rise in oil prices is the resonance of the easing of global trade sentiment and the decline in U.S. inventory, and the technical side also shows that short-term bulls dominate. However, OPEC+ production increase, US dollar depreciation and negotiation uncertainty may trigger market volatility. We should pay close attention to official inventory data, negotiation progress and technical resistance levels breakthroughs. In the long run, the stability of the global energy market will depend on supply and demand balance and coordinated economic recovery, rather than being driven by a single event. TechniqueTechnical analysis shows that if oil prices exceed US$62, a new round of growth may begin, but we need to be wary of the risk of pullbacks.
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 continues to rebound upward, and oil prices are tested again to 60. The moving average system is arranged long, and relying on oil prices, the short-term objective trend direction is upward. The overall rebound upward trend is in accordance with the law of primary and secondary alternation, and the continuity is better. From the perspective of kinetic energy, the fast and slow line of the MACD index is above the zero axis, and the bulls have the advantage, but the kinetic energy intensity is poor. It is expected that the crude oil trend is expected to continue to fluctuate and upward intraday. 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 59.7-60.2 line resistance at the top, and the short-term focus should be on the 56.5-56.0 line support at the bottom.
He Bosheng's message: I don't have gorgeous language here, only real trading and Mingming Lang Lang's operations. The market has only one direction, neither bulls nor shorts, but right direction. Reasonable risk control + good investment returns allow every retail investor to find the real pleasure of investing, and no longer the hard trading of their own every day but the continuous increase in losses. I have always believed that choice is more important than hard work. A good instructor and a good technical team should be more responsible to customers in addition to bringing profits to customers. Individual investors, if they face the market alone, they are easily confused by the authorities and are caught off guard when encountering sharp rises and falls. If someone can see the situation clearly outside the circle and give the direction, they can do better.
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 Foreign Exchange Platform]: Analysis of the latest market trends of gold and crude oil fluctuating and declined 5.8 and exclusive operation suggestions today". It was carefully xmmarkets.cnpiled 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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