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4.2 Gold and crude oil today’s market prices, price rise and fall trend analysis and the latest exclusive long and short operation recommendations
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: 4.2 Gold and crude oil today's market price rise and fall trend analysis and the latest exclusive long and short operation recommendations." Hope this helps you! The original content is as follows:
The investment market always has four levels: preserving principal, controlling risks, earning income, and long-term stable and sustained profits. Don't decide the outcome based on one day's winning or losing. Whether making money is accidental or inevitable, whether it is based on hard work or luck. Those who survive in the market must be the investors who can ultimately make sustained profits in the long term. Trading is a good habit and strictly implement your trading plan. A rigorous transaction = good mentality control + correct position control + excellent technical skills. Cooperation never involves forced buying or selling. Opportunities are reserved for those who are prepared. A correct choice is worth a hundred times of effort. If you believe in the teacher, I will give you a satisfactory profit. You just need it and I am just professional!
Analysis of the latest gold market trend:
Analysis of gold news: In early trading in the Asian market on Thursday (April 2), spot gold continued its rise. As of 07:31, it once refreshed the highest since March 19 to 4800.33 US dollars per ounce, an increase of about 0.89%. Boosted by the weakening of the U.S. dollar and expectations of easing tensions in the Middle East, gold prices rose for the fourth consecutive trading day on Wednesday (April 1). Spot gold once hit a high of $4,792, and finally closed up 1.9% at $4,758 per ounce. U.S. gold futures rose 2.9% to $4,813.10. Investors are currently focused on Trump's upcoming national address. This week the focus will turn to Friday's March non-farm payrolls report, with economists predicting 60,000 new jobs. If the labor market deteriorates sharply, it will reignite expectations that the Federal Reserve will cut interest rates this year. Previously, the market had basically ruled out the possibility of an interest rate cut due to the Iran war that had pushed up oil prices and concerns about inflation.
Gold technical analysis: From a technical point of view, the shock is biasedThe strong pattern is clear but the signs of resistance are highlighted. On the daily level, the price of gold fluctuated upward based on the short-term moving average. It stabilized after repeatedly stepping back on the key support of $4,680, showing a step-by-step upward trend, but encountered strong resistance near $4,800. The MACD indicator maintains the red column. Although the bullish momentum has not xmmarkets.cnpletely decayed, the red column amplitude has gradually narrowed. The RSI indicator is close to the overbought range, and the upward momentum is insufficient. At the 4-hour level, the Bollinger Bands opened upward, and the gold price fluctuated upward along the middle track, but was suppressed significantly near the upper track of $4,800. Many attempts to rise were met with resistance and fell back, failing to form an effective breakthrough. The shock range gradually narrowed, and the long-short game further intensified. The gold 1-hour level trend is weak, forming a short-term differentiation with the overall strong shock pattern. The price of gold fell below the short-term moving average support and showed a slight downward trend. The red column of the MACD indicator continued to shrink, gradually approaching the zero axis, and the short momentum was gradually released. The RSI indicator fell back to the neutral to weak range, with insufficient upward momentum. The Bollinger Bands trended downward. The gold price moved along the lower track. Short-term correction pressure appeared, and we need to be vigilant about further testing the support level. On the whole, today's short-term operation of gold, He Bosheng recommends to focus on the low and long positions, supplemented by rebounding from high altitudes. The top short-term focus will be on the 4850-4900 first-line resistance, and the bottom short-term focus will be on the 4750-4700 first-line support.
Analysis of the latest crude oil market trend:
Analysis of crude oil news: In early trading in Asia on Thursday (April 2, Beijing time), oil prices fell by more than 1%, trading around US$98.25 per barrel. US President Trump said that the United States will soon end the war with Iran. Oil prices ended lower on Wednesday as President Trump said the United States would soon end the war with Iran. Brent crude oil futures fell 2.7% to $101.16 a barrel, hitting a low of $98.35 during the session. U.S. crude oil futures fell about 1.2% to $100.12 a barrel, hitting a low of $96.50 during the session. At the same time, OPEC crude oil production fell by 7.5 million barrels per day in March due to the closure of the strait, U.S. crude oil inventories increased more than expected last week, and Saudi Arabia may increase its official selling price for Asian crude oil in May to a record level.
Crude oil technical analysis: From a technical point of view, daily oil prices are still in a high consolidation range. The price has encountered resistance around US$108 many times, indicating heavy selling pressure above, while US$100 below constitutes a key support area, reflecting the bulls' willingness to defend. Momentum indicators show that the upward momentum has weakened, but there is no trend reversal signal yet. At the 4-hour level, the short-term trend shows a volatile and weak structure, and the price repeatedly tests support and resistance within the range. If it effectively falls below $100, it may trigger a technical stop-loss order and accelerate the downward trend; conversely, if geopolitical risks escalate again and push the price to exceed $108, it is expected to open up new upward space. On the whole, today's crude oil operation thinking is based on He Bosheng's suggestion to focus on the low and long positions, supplemented by rebounding from high altitudes. The upper part will focus on the first-line resistance of 103.0-108.0 in the short term, and the lower part will focus on the 93.0-88.0 first-line support in the short term.
He Bosheng’s message: Investment is a long-term solution, not a one-time investment, so don’t act too hastily. Even if you are losing money now, there is nothing to be afraid of. As long as you make the right choice, everything you lose will xmmarkets.cne back. For investment friends who are often trapped, He Bosheng tells you to remember the following 5 taboos: 1. Heavy position operations. ②. No stop loss. ③. Operate against the trend. ④. Frequent operations. ⑤. The mentality is not easy to operate. Fate never refuses when it xmmarkets.cnes, never stays when it goes. Meeting each other and becoming friends in the vast sea of people is also a kind of fate. Investment friends who have never met before trust me just because they read my articles, so I will provide the greatest help to every investment friend who finds me and make this trust more valuable. I hope He Bosheng’s article can bring you something to gain, and you will have smooth sailing in your next investment.
This article is exclusively planned by He Bosheng, a gold and crude oil analyst. Due to the delay of network push, the above content is personal advice. Due to the timeliness of online publishing, 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.
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