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6.3 How to resolve the short positions that are trapped in gold soaring? Suggestions and guidance on long and short operations of crude oil today
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: How to resolve the short orders that are trapped in 6.3, and suggestions and guidance on long and short operations of crude oil today." Hope it will be helpful to you! The original content is as follows:
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Analysis of the latest gold market trends:
Analysis of gold news: During the US trading session on Monday (June 2), gold prices rose strongly by more than 1.5%, setting a new high in the past four trading days. After the opening of the US market today, spot gold prices have been rising sharply. As of 23:00, the intraday high reached US$3378.17 per ounce, an increase of up to 1.96%. This strong performance not only regained some of the lost ground last week, but also hit its highest level in the past four trading days. Market analysts generally believe that this wave of upward trend is mainly driven by two major risk factors: the sharp escalation of the Russian-Ukrainian conflict, and concerns about the trade war caused by the possible imposition of steel and aluminum tariffs in the United States. The financial market is ushering in a thrilling week! The first week of June is not only a traditional data "super week", but it will also stage a monetary policy game between central banks in many countries, a major test for the US job market,and many other good shows such as Trump’s tariff policy raid.
Gold technical analysis: Gold is very simple for this week's market. It is temporarily fluctuating under the bullish trend in the big cycle. We will look at the volatile rise. The range is 3365/3270. It is expected to run within this range at the beginning of the week. This week is the non-agricultural data week. We should pay attention to the impact of the starting news on Wednesday. From a technical perspective, whether it is the weekly period, daily mid-term, H4 mid-term are bullish patterns, and the daily mid-term will most likely go to the upper 3400 high point. The k-line formation of continuous positive is a prerequisite. Be patiently waiting for the bulls to increase volume. The H4 period has broken through the pressure position of 3330 under the influence of the news surface. The Bollinger band has opened, and the next resistance position is around 3365. If you continue to break up, you will reach the 3400 line. The hourly Asian trading will rebound and rise directly after retracing around 3301, which means that the 3300 position has formed a certain support role under the bull trend. In terms of specific operations, you need to pay attention to this position. It is enough to support near 3300 in the day to be bullish, waiting for the bulls to continue to increase in volume. Overall, in terms of gold's short-term operation ideas today, 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 3390-3400 line resistance, and the short-term focus on the 3350-3340 line support.
Analysis of the latest trend of crude oil:
Analysis of crude oil news: During the US market on Monday (June 2), international oil prices rebounded strongly, and the main contract of US crude oil once soared 2.5% to US$62.31/barrel, and Brent crude oil futures in August also climbed more than 2% to US$64.12/barrel. There are two key drivers behind this wave of rise: OPEC+ weekend meeting maintains a "moderate production increase" strategy, and Ukraine's raid on Russian military airports. The current crude oil market is in a dual game of "policy and geopoliticality": OPEC+ is trying to balance the market with "moderate production increase", while Ukraine's raid reminds the world that the black swan has never been far away. In the short term, U.S. oil prices may remain in the range of US$60-64; but if the conflict between Russia and Ukraine worsens or the internal cracks of OPEC+ deepens, it is not ruled out that a new round of surges and plummets cannot be ruled out. For traders, June may be a month of "dance on the tip of the knife".
Crude oil technical analysis: From the daily chart level, the medium-term trend moving average system suppresses the rebound of oil prices, and the medium-term objective trend direction is downward. After the oil price hits the low point of 55.20, the frequent alternation of bulls and bears formed. From the perspective of the pattern, the prototype of the falling flag-shaped relay appears. Pay attention to the strength of the oil price testing the upper edge of the flag. It is expected that after the medium-term trend fluctuates, it will still fall to the 50 position. The short-term (1H) trend of crude oil continued to rise slightly, and it was blocked again near 63. Oil prices fall into the moving average system, in a turning point downward arrangement, and the short-term objective trend direction turns from rising to falling. In the early trading, oil prices fluctuated and consolidated in a narrow range around 61, and the overall performance was secondary. The MACD indicator opens its mouth downward below the zero axis, and the bear momentum is strong. It is expected that the crude oil trend will continue to decline in the day. xmserving.comprehensiveLooking at the operational ideas of crude oil today, He Bosheng recommends that rebound high altitudes should be the main focus, and the retracement should be the low long as the auxiliary. The short-term focus should be on the 64.0-64.5 line resistance at the top, and the short-term focus should be on the 61.5-61.0 line support at the bottom.
He Bosheng's message: For me, no matter whether you are my actual customer, what you have taken orders or what you have lost money, this will make me feel regret and sympathetic. I am sorry why you always find me when you are trapped or lose money, and sympathize with you why you are persistent in taking the blame even though you know that you can’t lose money in a place. He Bosheng doesn't want to emphasize this kind of loss, and hopes that investors can have their own ability to analyze and distinguish. Now there is an opportunity in front of you, and you can choose to continue to wait and see, but your investment career will not change at all. A thought is extraordinary or a thought in the world, and the choice is in you. Choose the right guidance, He Bosheng will help you build your own investment ideas, so that you can continue to move forward in the long run, and add He Bosheng to create brilliance together.
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 xmserving.come 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 Review]: How to solve the problem of the short orders that are trapped in 6.3, and suggestions for long and short operations in today's crude oil market". It is carefully xmserving.compiled 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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