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8.22 Analysis of the rise and fall trend of gold and crude oil today and the latest long and short operation suggestions and guidance
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: Analysis of the up and down trend of 8.22 Gold and crude oil today and the latest long and short operation suggestions and guidance". 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 trends:
Analysis of gold news: During the US session on Thursday (August 23), gold prices fell slightly, while silver prices strengthened slightly. The market focus is currently on an important central bank meeting in the western United States, which has been opened today (Thursday). The price of gold futures for delivery in December (currently about $50 different from spot gold prices) fell by $3.50 to $3385.00/oz intraday; the price of silver futures for delivery in September rose by $0.302 to $38.075/oz. As of now this week, the stock market and financial markets have performed relatively calm overall, because the annual Jackson Hall Federal Reserve Symposium hosted by the Federal Reserve Bank of Kansas City has been fully launched today. Fed Chairman Jerome Powell) will speak on Friday morning, and the market expects him to update the Federal Reserve's monetary policy framework. Powell's speech will become the focus of the market's attention this week, and its content may provide a new perspective on "the Federal Open Market xmmarkets.cnmittee's support for whether to lower U.S. interest rates in September."
Gold technical analysis: Yesterday, gold showed a continuous upward trend. After opening at 3348, it opened high to the daily high point. After falling back to the 3325 line, it fluctuated upward. The US market rose strongly and consolidated. Finally, the daily line closed at 3338, showing a long lower shadow line inverted spindle negative column. The 1-hour line shows a bottoming out and rebounding. Although there is a strong rebound, the reversal has not been confirmed yet and it is still fluctuating in a large range. Because 3350 has not broken through and stood firmly, the rebound is still empty. The market has fluctuated frequently recently, so we need to be vigilant today. The daily support is around 3325. If you want to rise, you should start around 3330 first, and if you fall below it, it will be likely to fluctuate. The strong support below is 3320, and you can go long when you touch it; the extreme market may hit yesterday's low of 3311 again.
At present, gold fell first and then rose back to the consolidation range. The hourly line decline was retracted by two positive lines in the evening, and it did not break the level. The pressure above was 3360 watershed. In the current continuous rebound, those who have not intervened in long positions should not chase after the move. They need to wait for high-altitude opportunities. It is not advisable to chase the rise and sell the fall; the support below is first viewed at 3325, and then decide whether to intervene in long positions. Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that the pullback be long, and the rebound is supplemented by high altitude. The short-term focus on the upper short-term focus on the 3353-3363 line of resistance, and the short-term focus on the 3325-3315 line of support.
The latest trend analysis of crude oil:
Crude oil news analysis: International oil prices rose slightly on Thursday, and the latest inventory data released by the United States far exceeded market expectations, injecting confidence into the market. Brent crude oil futures rose 0.19% to $66.97 a barrel; U.S. WTI crude oil futures rose 0.64% to $63.12 a barrel. The previous two contracts had risen 1.6% and 1.4% respectively on Wednesday. U.S. crude oil inventories fell by 6 million barrels last week to 420.7 million barrels, xmmarkets.cnpared with the market's previous forecast of only 1.8 million barrels. Meanwhile, gasoline inventories fell by 2.7 million barrels, far exceeding the expected 915,000 barrels, indicating strong demand for summer travel. The market's concerns about the geopolitical situation are still unresolved, and tariffs and sanctions may bring new uncertainty. The medium-term trend of oil prices will still find a balance between recovery in demand and supply risks.
Crude oil technical analysis: From the daily chart level, the K-line closed the negative line for seven consecutive trading days, the oil price fell below the lower edge of the original oscillation range, and the medium-term subjective trend was downward. The moving average system has not yet formed a short arrangement, and the medium-term objective trend is in a conversion period. From the perspective of kinetic energy, the MACD indicator gradually penetrates the zero axis position, and the short kinetic energy gradually becomes stronger. It is expected that the medium-term trend of crude oil will turn downward. The short-term (1H) trend of crude oil fluctuated from the bottom of the range and rose, and in the early Asian trading, the price around the upper edge of the range was around 63. Moving average systemThe whole system is arranged in a bullish arrangement, with an objective short-term trend rising, but it is an increase in the range, and the overall range has not yet been broken. The MACD indicator is above the zero axis, and the bulls have the advantage. It is expected that the crude oil trend will further open up the upside of the range within 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 65.0-66.0 line resistance at the top, and the short-term focus should be on the 62.0-61.0 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]: Analysis of today's market trends of gold and crude oil and the latest long and short operation suggestions and guidance", which 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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