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The moon line is long-footed cross star, gold and silver are extended in June
Wonderful Introduction:
The moon has phases, people have joys and sorrows, whether life has changes, the year has four seasons, after the long night, you can see dawn, suffer pain, you can have happiness, endure the cold winter, you don’t need to lie down, and after all the cold plums, you can look forward to the New Year.
Hello everyone, today XM Foreign Exchange will bring you "[XM Official Website]: The moon line has a long foot cross star, and the gold and silver sixth extension range". Hope it will be helpful to you! The original content is as follows:
Last week, the gold market xmserving.completed the final structure of May. At the beginning of the month, the market first fell back, and then the market rose strongly. The monthly line reached the highest position of 3436 and then the market fell back again. The monthly line was at the lowest position of 3119.8 and then the market rose twice. The monthly line finally closed at the position of 3290.9. Then the market closed with a long-leg cross star with an extremely long upper and lower shadow line. After this pattern ended, the June market continued the trend of range oscillation.
Last week, the gold market opened slightly lower at the beginning of the week at 3353.2, and then the market rose slightly. After giving the position of 3357, the market fluctuated strongly and fell. The weekly line was at the lowest point of 3245 and then the market received support and fluctuated and rose. The weekly line finally closed at 3290.9, and the market closed with a very long lower shadow line. After this pattern ended, there was a long demand for bullishness after opening higher this week. At the point, today, 3303 long stop loss 3297, and the target was 3317 and 3323 and 3327-3330 to leave the market and prepare to short
The silver market opened slightly lower last week at 33.417 and then rose first to fill the gap. It gave 33.5After the weekly high point of 62, the market fluctuated strongly and fell back. After the weekly line was at the lowest point of 32.68, the market fluctuated in a large range. The weekly line finally closed at the position of 32.971, and the market closed with a middle-yin line with a lower shadow line slightly longer than the upper shadow line. After this pattern ended, the short stop loss of 33.45 this week, and the target below is 33 and 32.8.
The European and American markets opened at 1.13628 last week and the market first rose to 1.14195, and then the market fluctuated strongly. The weekly line was at the lowest level of 1.12068 and then the market rose at the end of the trading session. The weekly line finally closed at 1.13457, and the market closed with a very long lower shadow line. After this pattern ended, it first pulled up to 1.14100 short stop loss 1.14300. The target below is 1.13400 and 1.13200 and 1.13000.
The U.S. crude oil market opened at 61.93 last week and then the market first rose, giving a position of 62.46, and then the market fluctuated and fell, giving a position of 60.8, and then the market rose strongly. The weekly line reached the highest position of 63.36, and then the market fell strongly. The weekly line was at the lowest position of 60.03, and then the market rose at the end of the trading session. The weekly line finally closed at 61.01, and the market closed with a spindle mentality with an upper shadow line longer than the lower shadow line. After this pattern ended, it first pulled up this week to give a short stop loss of 62.9 63.5. The target below is 62.4 and 61.9 and 61.2
The Nasdaq market opened at 20916.77 last week and the market fell slightly. After giving the position of 20901.85, the market rose strongly. The weekly line reached the highest position of 21808 and then the market fluctuated and fell. The weekly line finally closed at 21318.73. Then the market closed with a medium-positive line with a very long upper shadow line. After this pattern ended, the stop loss of more than 21070 this week was 20970, with the target of 21350 and 21450 and 21550.
The fundamentals, last week's fundamentals were the annual rate of the US core PCE price index in April on Friday, which was consistent with expectations, hitting a new low since March 2021; traders are still betting on the Fed's interest rate cut in September. The Federal Reserve's Medal: The "Excellent" inflation report hides two major concerns, and last year's low base effect needs to be vigilant; US xmserving.commodity imports fell by 19.8% month-on-month, setting a record-breaking largest decline. The final value of the University of Michigan Consumer Confidence Index in May was 52.2, with an expected 51. The expected end value of the U.S. May one-year inflation rate is 6.6%, expected to be 7.1%. In terms of crude oil, OPEC+, the world's largest oil producer, decided to increase production by 411,000 barrels per day in July last Saturday to regain market share and punish overproduced members. The move was expected, indicating a significant shift in Saudi Arabia's oil policy, the de facto leader. This week's fundamentals are gradually getting more focused, focusing on the final value of the US S&P Global Manufacturing PMI in May at 21:45 today. Then look at the US May ISM Manufacturing PMI and US April construction expenditure monthly rate at 22:00. Federal Reserve Chairman Powell, who was following 1:00 on Tuesday, delivered an opening speech at an event. At night, we will see the initial annual CPI annual rate of the euro zone at 17:00. Look at the 22:00 US April JOLTs job openings and US April factory order monthly rates. On Wednesday, the number of ADP employment in the United States in May was expected to be 115,000, xmserving.compared with the previous value of 62,000. Look at the final value of the US S&P Global Services PMI in May at 21:45 a little later, and then look at the US ISM non-manufacturing PMI in May at 22:00. Then look at the 22:30 U.S. to May 30 EIA crude oil inventories and U.S. to May 30 EIA Cushing crude oil inventories in Oklahoma and U.S. to May 30 EIA strategic oil reserve inventories in the week of May 30. On Thursday, the Federal Reserve announced the Beige Book of Economic Conditions at 2:00 a.m. The European Central Bank announced its interest rate decision at 20:15 in the evening. Then look at the number of initial unemployment claims for the United States to May 31 from 20:30 and the US April trade account. European Central Bank President Lagarde, who saw 20:45 a little later, held a press conference on monetary policy. Look at the US Global Supply Chain Pressure Index at 22:00 a little later. On Friday, we focused on the first-quarter GDP correction value of the euro zone at 17:00, and later we looked at the U.S. May unemployment rate at 20:30 and the U.S. May seasonally adjusted non-farm employment population. This round is expected to be 4.2% and 177,000 people ahead of 130,000 people.
In terms of operation, gold: 3303 long stop loss 3297 today, target 3317 and 3323 and 3327-3330 leave the market and prepare to short
Silver: 33.3 short stop loss 33.45 this week, target 33 and 32.8 below.
Europe and the United States: Today, pull up first gives 1.14100 short stop loss 1.14300, target below 1.13400, target below 1.13200 and 1.13000.
US crude oil: 62.9 short stop loss 63.5 this week, target below 62.4 and 61.9 and 61.2 below.
Nasdaq Index: More than 21070 stop loss this week is 20970, and the target is 21350 and 21450 and 21550.
The above content is all about "[XM official website]: The monthly line has long feet cross star, gold and silver extends the range of June", which was carefully xmserving.compiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
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