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5.12 Gold opens low and crude oil opens high on Monday market trend analysis and today's exclusive operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: 5.12 Gold Opens Low and Crude Oil Opens High Monday Market Trend Analysis and Today's Exclusive Operation Suggestions". Hope it will be helpful to you! The original content is as follows:
The recent market rises and falls, and the frequent long-short conversions are frequent. Many investment friends are caught off guard, or don’t know where to start. They fall as soon as they buy, rise when they exit, and return consecutive losses. In fact, this is a situation that many novices will encounter. Let me tell you here that first of all, don’t operate frequently when doing trading, and secondly, you need to have a precise control of the market and stick to your own trading system. Of course, these are empty talk for some novices. After all, there is no strict trading plan to enter the market. Most of them are chasing up and selling down, which leads to serious losses. If you see the article at this moment, you can consult yourself to xmmarkets.cnmunicate and help you point out all the problems in making orders, so that you can avoid detours in the process of trading.
Analysis of the latest gold market trend:
Analysis of gold news: Last week, the gold market continued its upward trend driven by trade tensions and geopolitical conflicts. The spot gold price once exceeded US$3,438 per ounce, but then due to the exhaustion of bullish momentum and high profits, the weekly increase narrowed to about 3.1%. Trump's tariff remarks, uncertainty in trade negotiations, the Russian-Ukrainian conflict and the military standoff between India and Pakistan have jointly stimulated market risk aversion demand and pushed gold prices to rise. Meanwhile, the dollar index fell 0.3% and concerns about inflation and economic growth by Fed officials further support gold. However, He Bosheng personally believes that gold prices may show a volatile pattern due to the strengthening of the US dollar and the cooling of expectations of the Federal Reserve's interest rate cut in the short term. However, in the medium and long term, the depth of the global economic governance system isThe adjustment highlights the strategic value of gold, and international gold prices still have the potential to set new historical highs.
Gold technical analysis: Last week, the gold market showed a trend of "strike first and then suppression". At the beginning of the week, affected by Trump's statement, the market's risk aversion sentiment quickly heated up. The spot gold price rose rapidly from around $3,314/ounce, reaching a maximum of $3,438/ounce. The daily Bollinger band upper rail resistance was accurately tested. However, gold prices failed to stand high in the middle of the week, and under pressure from profit-taking sell-offs and technical pullbacks, the price quickly fell to around $3,314.64 in the middle of the Bollinger Band. At the close of Friday, spot gold was $3325.40 per ounce. From a technical perspective, the daily Bollinger band opened and expanded at the beginning of this week due to the rise in gold prices, but then slightly narrowed due to the pullback, indicating that the market momentum has weakened. The MACD indicator shows that although DIFF and DEA are still in the positive area, the columnar line turns negative, and the upward momentum is significantly attenuated. The RSI indicator fell back to 55.86, in a neutral area, reflecting that market sentiment tends to be cautious. The current price hovers around the 10-day moving average of 3320. If it cannot effectively stabilize, it may fall below the 50-day moving average of 3130 US dollars; if it stabilizes, it is expected to retest the resistance around the upper track of 3435.
The weak signal of short-term gold technical indicators reminds investors to be wary of the risk of pullbacks. The gold 1-hour moving average dead cross is arranged downward short positions. Unless there is a sudden positive news on the weekend and gold directly breaks through US$3,370, then gold may have another wave of rise. At present, good news of a ceasefire between India, Pakistan and Russia and Ukraine came to the weekend, so short-term gold is under pressure of 3350-55. Overall, in terms of gold's short-term operation ideas today, He Bosheng recommends that rebound short selling be the main focus, and return to the low long as the auxiliary focus. The short-term focus on the 3320-3340 line of resistance above, and the short-term focus on the 3260-3240 line of support below.
The latest trend analysis of crude oil:
Crude oil news analysis: International oil prices rebounded strongly last week, with Brent crude rising 2.8% to $62.84 per barrel; US WTI crude oil rose 3.2% to $59.91. However, during the Asian session on Friday, oil prices failed to continue the momentum of a strong rise on Thursday, and fell slightly. The main driving force of this round of rebound is the market's optimism about the upcoming trade negotiations between US Treasury Secretary Becent and senior economic officials of Asian countries. Ole Hvalbye, an analyst at Swedish Nordic Bank, said optimism around these negotiations provided support for the market. The current rise in oil prices is driven more by short-term optimism than by fundamental improvements. Citi predicts that once Iran returns to the global crude oil market, it will trigger a risk of a surge in supply. In addition, although easing global trade sentiment brings hope, it may not necessarily resolve the deep-seated trade structural contradictions. Therefore, oil prices may fluctuate violently in the short term, and we should pay close attention to geopolitical trends and policy adjustments of oil-producing countries.
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. Oil price touchAfter the low point of 55.20, the frequent alternation of long and short positions formed will accumulate momentum of short positions in the medium term and will be expected to further decline to 50 positions in the later period. The short-term (1H) trend of crude oil stopped falling and rebounded again, oil prices repeatedly crossed the moving average system, and the short-term objective trend fluctuated sideways. The overall rhythm runs into a wide fluctuation range, with the range amplitude between 58.50-62.30. In the early trading, oil prices fluctuated above the range, and bulls showed signs of insufficient momentum. It is expected that the crude oil trend will remain mainly fluctuated within the range during the day. 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 63.0-63.5 line resistance at the top, and the short-term focus should be on the 60.0-59.5 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 Foreign Exchange Market Analysis]: 5.12 Gold Opens Low and Crude Oil Opens High Monday Market Trend Analysis and Today's Exclusive Operation Suggestions". It is carefully xmmarkets.cnpiled and edited by the XM Foreign Exchange 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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