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11.24 Gold and crude oil today’s price rise and fall trend analysis and the latest exclusive long and short operation suggestions and guidance
Wonderful introduction:
One person’s happiness may be fake, but the happiness of a group of people can no longer distinguish between true and false. They squandered their youth to their heart's content, wishing they could burn it all away. Their posture was like a carnival before the end of the world.
Hello everyone, today XM Forex will bring you "[XM Forex official website]: 11.24 gold and crude oil today's price rise and fall trend analysis and the latest exclusive long and short operation suggestions and guidance." Hope this helps you! The original content is as follows:
Only those who help themselves can help others. What is difficult is not making profits every day, but how to deal with adversity. People's will will be shaken with the passage of time and the influence of objective things. In good times, you must seek within yourself. Only those who know themselves can be wise and move to a higher point. In times of adversity, we need to look inward and strengthen ourselves to defeat the enemy! All external roots originate from our insides! We cannot change the uncertainty of objective things, but we can only follow the rules of objective things from beginning to end. Only by following rules can you go further! And the so-called rules are actually fait accompli in historical data! Human nature is difficult, so history will repeat itself! Just like spring, summer, autumn and winter, the cycle of four seasons, life, old age, sickness and death, joy, anger, sorrow and joy! The same is true for the market! Because of the nature of the market Quality is the game of human nature!
Analysis of the latest gold market trends:
Analysis of gold news: Last Friday (November 21) spot gold fluctuated downwards, falling about 0.60% to around US$4,050 per ounce. Spot gold fluctuated violently on the previous trading day, finally closing steadily at $4,077.17 per ounce. On Thursday, it reached a high of $4,110.03 and a low of $4,038.82. All gains brought about by the release of U.S. non-farm payrolls data in September, which was delayed for several months, have been lost. The current gold price is still about 7.00% lower than the historical high reached in October ($4381.29), and has risen by an astonishing 55% in 2025. Although the September non-farm employment report released on Thursday reflects past conditions, the unexpected increase of 69,000 people still caused concern. The September data, which was delayed for nearly two months due to the U.S. government shutdown, exceeded expectations by a clear margin, but the report also showed that the unemployment rate rose to 4.4%, hitting 20A new high since 21 years, and the data for July and August were revised downwards. Although it appears to be a mixed bag on the surface, the market gained some assurance from it: the strength of the labor market before the U.S. government shutdown was indeed stronger than expected. It is worth mentioning that the Bureau of Labor Statistics has recently confirmed that the October non-agricultural report will not be released, and the November report has been postponed to December 16 - which means that the September non-agricultural data will become the last non-agricultural report available for reference before the Federal Reserve's interest rate decision in early December.
Gold technical analysis: The recent market trend of gold is actually quite easy to do, but sometimes the direction is right, but the entry point is not accurate, and it is easy to be swept away. Gold's negative non-agricultural data last night was in line with expectations. The overall market trend of gold is still a wide range of fluctuations. The daily line closes in the form of a long-legged cross star with the lower shadow line slightly longer than the upper shadow line. After such a form, gold fluctuates and has an obvious bearish trend. Today gold rebounds and continues to short, and there is room and demand for continued decline. Today, gold focuses on the upper resistance at the $4,098 line. The rebound relies on the resistance here to continue shorting. Just look at the $4,000 line below. From an overall technical perspective, gold is still oscillating at a high level, and the oscillations are narrowing. Gold will face a choice in the near future. From a position perspective, the gold price in the U.S. overnight retreated to a high of 4110 and then fluctuated downwards again after xmmarkets.cning under pressure. This area is still an important resistance area. This is also the main resistance position that short-list investors need to pay attention to! Gold continued to fluctuate weakly for an hour. It surged upward after the release of the US market data. However, it ultimately failed to break through the 4110 line and continued to rise and fall. It is still weak in the short term. The short-term suppression of gold's 4110 line is still obvious. The high points of gold's rebound have successively decreased, which means that gold is more weak. Gold's early rebound continues to rise high. On the whole, today's short-term operation of gold, He Bosheng recommends to focus on rebounding from high altitudes, supplemented by falling back to lows. The top short-term focus will be on the first-line resistance of 4088-4100, and the bottom short-term will focus on the first-line support of 4040-4020.
Analysis of the latest crude oil market trend:
Crude oil news analysis: During the Asian session last Friday, U.S. crude oil continued to fall, falling for three consecutive days and falling back to near the previous low, currently trading around $58.40 per barrel. Overall volatility increased significantly as Ukraine's president signaled his willingness to move forward with a preliminary peace plan proposed by the United States and Russia. From the supply side, if peace progress in the future leads to the gradual relaxation of energy sanctions on Russia, crude oil from the world's third largest oil producer may flow into the market again. The crude oil market is already facing pressure from a potential annual supply glut, and the increase in production from OPEC+ and other oil-producing countries has gradually amplified this sentiment. Judging from the current situation, although the news of peace progress has brought about short-term emotional fluctuations, the core contradiction in the market is still the possibility of an unexpected increase in future supply and the uncertainty of the enforcement of sanctions. Oil prices are likely to continue to remain weak during the year. In the next few months, global inventory trends will be consistent withSustainability of oil-producing countries’ policies. If the peace plan achieves a substantial breakthrough in the future, the oil market may face a new round of supply and demand rebalancing pressure.
Crude oil technical analysis: From the daily chart level and from the local level, the current oscillation rhythm of crude oil is a minor one. The K-line closed a large negative line on the last trading day, swallowing up the gains of the previous three trading days. But the secondary oscillation rhythm has not changed yet. The MACD indicator is below the zero axis, and bulls still need to further accumulate momentum. It is expected that after the mid-term trend of crude oil is supported by the backtest low, it is expected to form a rebound upward. The short-term trend of crude oil (1H) first rose and then fell, with oil prices falling back below 59. The moving average system is arranged in a short position, and the short-term objective trend direction remains downward. The MACD indicator opens downward below the zero axis, and the short momentum is abundant. The trend of crude oil is expected to remain downward during the day. On the whole, today's crude oil operation thinking is based on He Bosheng's suggestion to rebound from high altitudes, supplemented by rebounding lows. The top short-term focus is on the first-line resistance of 59.0-60.0, and the bottom short-term focus is on the first-line support of 56.5-55.5.
Things you must know when facing losses:
1: I like to buy bottoms/tops. Whenever the market is at a historically low/high price, I feel happy. As soon as it reaches a low/high price, I start to make plans. But I didn’t expect that since a price has hit a new historical low/high, it will be very difficult. There may be another new low/high and a loss;
Two: If you don’t want to stop the loss, you often have a fluke mentality, because sometimes you find that the price will xmmarkets.cne back soon after the stop loss, so you will hold on to this hope next time, but often the consequences of not stopping the loss are more serious losses or explosions. This is absolutely not feasible in long-term investment. "Cut off losses and let profits run" is indeed a wise saying;
Three: Don't dare to follow the trend: Many friends have a fear of lows/highs and think that gold and crude oil have already fallen. What should I do if I chase short and get caught? In fact, the rise and fall are related to the price. There is no inevitable connection between the highs and lows. He Bosheng believes that the key lies in "momentum". Intervening after the upward trend is formed. This operation method is very safe and can make huge profits in the short term. This fear of lows or highs will not only cause missed profits, but also cause the first point of buying the bottom or the top, leading to losses.
He Bosheng’s message: Investment is a long-term process, and it will always be accompanied by losses and gains. If you are discouraged because of a temporary loss, I think it is a pity. After all, temporary losses do not mean the failure of the investment. It can only mean that you have not managed the funds well during this period or have not really learned the ability to control the funds. I hope to help you find a way to successfully invest. The sense of achievement and the joy of victory! I think you should correct your mentality now, summarize the reasons for past failures, how to find a better teacher, and learn more about market trends. Leaving quietly will only cast a shadow on your psychology, and your psychology will leave permanent regrets! Instead of doing this, it is better to be bold, stay bravely, believe in yourself, and follow the teacher.
This article is written by Huang JinExclusively planned by crude oil analyst He Bosheng. Due to the delay in online push, the above content is personal advice. Due to the timeliness of online posting, the suggestions in this article are for learning reference only. You should operate at your own risk. Regardless of whether the views and strategies of the article agree with others, you can xmmarkets.cne to me to discuss and learn together! Nothing is difficult in the world, as long as there are people who are willing. Investment itself carries risks. I remind everyone to look for authoritative platforms and powerful teachers. Fund safety xmmarkets.cnes first, secondly consider operational risks, and finally how to make profits.
The above content is all about "[XM Foreign Exchange Official Website]: 11.24 Gold and Crude Oil Today's Market Rise and Fall Trend Analysis and the Latest Exclusive Long and Short Operation Suggestions and Guidance". It is 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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