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6.4 Gold fluctuates and falls, crude oil rises strongly, today's market trend analysis and latest exclusive operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: 6.4 Gold fluctuates and falls and crude oil rises strongly today's market trend analysis and the latest exclusive operation suggestions". Hope it will be helpful to you! The original content is as follows:
The investment market always has four levels: keeping the principal, controlling risks, earning profits, and making long-term and stable profits. Don’t determine the result because of the winning or losing of a day. Is it accidental or inevitable to make money, whether it is based on real effort or luck. Those who can survive in the market will definitely be investors who can eventually make long-term profits. Trading is a good habit, strictly implement your trading plan. A rigorous transaction = good mentality control + correct position control + strong technical skills, never force buying and selling for cooperation. Opportunities are reserved for those who are prepared. The right choice is greater than a hundred times hard work. If you trust the teacher, I will give you a satisfactory return. You just need it, and I happen to be professional!
Analysis of the latest gold market trends:
Analysis of gold news: Gold prices fell slightly during the Asian trading session on Tuesday, mainly affected by the moderate rebound of the US dollar from its six-week low and the rebound in risk sentiment. Affected by the rise in overnight risky assets, the demand for hedging has weakened and some gold bulls have chosen to take profits. However, the market remains vigilant about the global situation. The continued expansion of the US fiscal deficit, the rise in trade tensions between Asian powers and the United States, and the failure of the second round of peace talks between Ukraine and Russia has made the market risk aversion still support gold. The current market is tug-of-war between the short-term recovery of the US dollar and medium- and long-term risk aversion demand, but multiple fundamental factors are still inclined to be bullish on gold, especially the rising geopolitical risks and trade concerns, the Fed's dovish expectations, and the background of US fiscal instability. Gold prices are expected to restart their upward trend after falling back to support around $3,350. Pay attention to the guiding role of non-farm data to be released on Friday on the US dollar and gold.
Technical analysis of gold: first transaction in JuneThe gold broke out on the day, and the opening rose unilaterally. After the gold fell at the first line of US$3301 in the early trading, the European market started an upward trend, breaking through the first line of US$3318, the resistance further rose. The European and American market continued to rise, and the US market rose sharply to the first line of US$3382.7. It ended strongly in the late trading and finally closed at the first line of US$3381.5. The very powerful market trend directly rose strongly and reversed the previous decline pattern. Such a trend was obviously caused by the influence of fundamentals and the market risk aversion sentiment warmed up again! The daily line of gold closed with a large positive line that was basically saturated. After this pattern ended, gold rose again at the opening of the market this morning to hit a new high of 3392 US dollars. After such a trend, it is obvious that we cannot chase the long operation today. After a wave of volume rise, it will be more likely to go downward. Gold successfully crossed the downward trend suppression point of 3500-3435 the next day, and closed with a full positive end. The bulls have a lot of momentum and are xmserving.completely in control of the situation. In the 4-hour period of eight consecutive positive growth, the Bollinger Band opens upward space, and the moving average diffuses upward in a bullish arrangement. Since the direction is clear, then follow the trend in operation. Today's focus is 3345 as the watershed of defense. If it falls below, the pullback will increase; on the contrary, if you successfully stick to it, then gold will challenge the 3400 mark.
The gold 1-hour moving average finally forms a golden cross long arrangement, so the bulls accumulate upward momentum. Gold rises strongly and hits the 3400 line. The decline in the morning is a chance to give more. The key position of long and short positions is at the 3350 line of the platform that xmserving.competed under gold yesterday. After gold fell back to 3350 for the last time, it started to rise without looking back. Then the short-term support of 3350 is particularly important for bulls; if gold falls below 3350, the strength of gold bulls may weaken. Gold rose strongly yesterday and broke through, and gold eventually broke through the suppression of the 3365 line. The bulls were eventually better. The strength of gold bulls was still there, so the early decline in the low-to-long bullish market. The market is changing rapidly. Since gold bulls are now stronger, we will continue to follow up and go long with the trend. The way is simple and the trend is king. Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that the pullback should be long and the rebound should be short. The short-term focus on the upper short-term focus should be on the 3370-3380 line resistance, and the short-term focus should be on the 3330-3320 line support.
The latest trend analysis of crude oil:
Crude oil news analysis: International oil prices rose in the early Asian session on Tuesday, mainly due to the rising risk of supply disruption. Iran is expected to reject a U.S. nuclear deal proposal that would have paved the way for ease of sanctions on Iran's oil exports. In addition, wildfires in Alberta, Canada have also caused some oil and gas production to be suspended, exacerbating market concerns about supply. Brent crude oil rose 0.85% to $65.18 a barrel; U.S. West Texas Intermediate oil rose 0.75% to $62.97. This continued the nearly 3% increase in the previous trading day. The current rise in oil prices is the result of the superposition of multiple factors, with existing geopolitical uncertainty, also has sudden natural disasters. It is worth noting that the market's response to OPEC+ production increase strategy shows that it is highly sensitive to supply-side control. The incidents in Iran and Canada have strengthened the fragility of the global oil market in the short term. If the US-Iran negotiations xmserving.completely break down or wildfires continue to spread in the future, oil prices may continue to rise.
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 fluctuates and repeatedly rises, and the position around 64 will be tested. The bullish arrangement of moving average system relies on the upward trend of oil prices, and the short-term objective trend direction is upward. The K-line has many long lower shadow lines and small positive lines, indicating that the bulls in the buying orders below have strong support. It is expected that there will still be a wave of upward space for crude oil in 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 63.0-62.0 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 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 Forex Official Website]: 6.4 Gold fluctuates and falls and crude oil rises strongly today's market trend analysis and the latest exclusive operation suggestions". It is 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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