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5.9 Analysis of the rise and fall trend of gold and crude oil today and the operation suggestions and guidance on Friday's closing operation
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: Analysis of the up and down trend of 5.9 Gold and crude oil today and the operation suggestions and guidance on Friday's closing operation." Hope it will be helpful to you! The original content is as follows:
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The latest gold market trend analysis:
Gold news analysis: On Thursday (May 8), spot gold continued its pullback trend, and price fluctuations were mainly driven by the news that the United States and the United Kingdom were about to announce a trade agreement, and the market risk aversion sentiment cooled down significantly. The intraday market focus is on the latest progress in the U.S.-U.K. trade agreement. According to multiple sources, the two sides are about to announce a new trade arrangement, which is expected to directly affect the short-term trend of gold. Although the specific content of the agreement has not been announced yet, market reactions indicate that investors are adjusting their positions and reducing the allocation of safe-haven assets. The Fed's overnight interest rate resolution also puts pressure on gold. Policymakers kept interest rates unchanged in line with market expectations, but the emphasis on economic resilience in the statement weakened expectations for a short-term rate cut. This position has made the attractiveness of interest-free gold relatively less popular, but the Fed's cautious statement on the impact of tariffs has also limited the decline in gold prices.
Gold technical analysis: Although gold soared in the early trading, it continued to fall in the afternoonIt fell to the 3320 line at the lowest point. Gold has rebounded moderately but is still under pressure after a sharp drop. The adjusted golden division line position, the 0.5 position of this wave of decline is the 3320-3318 area. The price will bounce for the first time. If you go down, you need to pay attention to the 0.618 position 3288 area, close to the four-hour lower track 3284 area. The two become the support area. The excess is the hourly chart double-line lower track 3270. Tonight, it will still be short. Pay attention to the resistance of the 3370-74 line above. Just draw the short order directly to enter the market, and play the second decline in the US market! Gold has reached the time for the mid-line layout and band layout, and opportunities are not waiting for anyone. If you want to keep up with the band trend, you can find He Bosheng on the middle number homepage to keep up with the real market guidance!
Look at the golden hourly line, it closed at 10 o'clock in the morning and effectively broke through the resistance level of the box at yesterday's 3360-3397. Then, you must try it if you fall back and confirm that you will continue to be bullish. Try it, and the continuous diving in the afternoon and hit the intraday low, it can only mean that the market has washed out the market, throwing out all the long and short positions, and then brewing again; the European session is weakly consolidated below 3350, so there may still be some downward space tonight, but the continuity may not be large, and it is easy to stabilize and bottom out and rise; the current support is 3320, 3315, and 3305, and it is bullish to hit the stabilization signal around 22 points. I personally think that the space below 3300 is limited. Resistance 3360, 3365, 3370.20 points will first touch the pressure signal and look at the decline first; if it returns to above 3370, the trend will gradually become stronger, and it will temporarily look at wide range of fluctuations. Overall, in 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 should be on the 3340-3350 line of resistance, and the short-term focus should be on the 3298-3288 line of support.
The latest market trend analysis of crude oil:
Crude oil news analysis: As the Sino-US trade war is expected to peak, oil prices are expected to continue their rebound momentum, breaking through $60 per barrel. The United States and China will hold trade talks this week. OPEC+ has announced that it will increase oil production at a faster rate. Overnight, Brent and WTI crude oil fell 1.66% and 1.73% respectively, mainly due to the lack of confidence in the results of the trade talks, and the positive signals released by the Iran nuclear agreement negotiations alleviated concerns about supply shortages. The current trend of international crude oil prices is entering a sensitive period of multiple factors. The uncertainty of trade negotiations poses dual pressures to Iran's supply potential, and short-term oil price fluctuations will be more dominated by geopolitics and inventory dynamics. Against the backdrop of Fed's policy staying on the sidelines, weak signals on the demand side may also put pressure on the crude oil market.
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. crudeThe short-term (1H) trend rebounded continuously and touched around 60.30, blocked and fell back. Oil prices fall through the moving average system, and the short-term objective trend direction enters the conversion rhythm. The K-line closed continuously, and the low point gradually went downward. The fast and slow line of the MACD indicator is in the bear area, and the bear momentum is full. It is expected that after the intraday crude oil trend rebounds slightly, the probability of continuing to decline is high. 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 61.5-62.0 line resistance at the top, and the short-term focus should be on the 59.0-58.5 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 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 Forex Official Website]: Analysis of the Rising and Trends of 5.9 Gold and Crude Oil Today's Market Trends and Suggestions and Guidances for Final Operations on Friday". It was carefully xmmarkets.cnpiled and edited by the XM Forex editor. 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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