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6.5 Gold has strongly moved on, crude oil has fallen sharply. Analysis of today's market trends and latest operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: 6.5 Gold has strongly moved upwards and sharply declined crude oil today's market trend analysis and latest operation suggestions". Hope it will be helpful to you! The original content is as follows:
Same market, different guidance, different life. The characteristic of novices is that they do not understand technology and enter the market blindly. They only consider one issue each time they trade: they think that as long as they predict the market's rise and fall, they can make this transaction. This approach of focusing on direction and ignoring position has caused traders to fail. In fact, there is a big difference between the "momentum" and the "direction" that follow the trend, because the direction of the market's movement is in a volatile pattern, and the market trend is often global. What I can do here is to help you control your position reasonably, place orders using support and resistance levels, so that every order has reasonableness and traces to follow. The buying and selling points should not enter the market at will, please be responsible for your own funds. If you really can't grasp the market, you can xmserving.come to find me. There will be no loss for you if you have an extra analyst. Always remember one thing: professionals do professional things, and all practical things are only for profits, and cooperation is only for win-win results.
Analysis of the latest gold market trend:
Analysis of gold news: The US May ADP employment report was released as scheduled at 20:15 Beijing time. The data was far lower than market expectations, triggering a severe market reaction. According to the ADP National Employment Report, the private sector in the U.S. added only 37,000 new jobs in May, far lower than the market expectations of 110,000, marking the lowest increase since March 2023. xmserving.compared with the 60,000 new jobs after the downward revision in April, the labor market slowdown trend has further emerged. Although the data, known as "small non-agricultural" is not directly equivalent to the Bureau of Labor Statistics' non-agricultural employment report to be released on Friday, it, as a leading indicator, ignited market heated discussions about the economic outlook and the Federal Reserve's monetary policy. After the data was released, the financial market quicklyReact. The US dollar index plunged about 20 basis points in the short term, hitting a low of 98.9783, falling below the 99 mark, and is currently at 99.0442, indicating the market's sensitivity to weak employment data. The U.S. bond market is also under pressure, with the 10-year U.S. bond yield falling by 0.58% to 4.421%, reflecting intensified investors' concerns about slowing economic growth. At the same time, spot gold rose by $26 in the short term, reaching a maximum of $3384.52/ounce, and is currently at $3352.53/ounce, highlighting the warming of risk aversion sentiment.
Gold technical analysis: Gold bottomed out successfully, with the lowest point in the day at 3344, which is not much different from the long position near 3345 that we published in the morning. The market points are basically in place. In the evening, small non-agricultural benefits helped gold prices further rise. The high point of gold is gradually moving closer to the pressure level of 3392. In the short term, gold prices are expected to break through the pressure and continue the upward trend! So at present, 3370 is no longer suitable for continuing to short. A big positive line rises to the sky in 15 minutes. How to make the future market layout? I believe everyone has a clear direction in their minds. The bulls are very strong, just follow the trend. The important thing is the point. The low point below is moving upward, which means that the gold price falls again, and the low point will not fall below 3344 again. Yesterday, the gold Asian and European sessions were a volatile adjustment trend. After the US market data was released, the gold price rose from 3350 to around 3384.6 and fell back again. In terms of short-term operations, since the high point in the morning broke, it is recommended to focus on low-bang bullish operations in the late trading. From the market perspective, Monday's high 3392 still exists. Pay attention to whether this position can break through intraday closing, which will determine our layout ideas on Thursday. 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 3385-3392 line of resistance, and the short-term focus should be on the 3350-3343 line of support.
The latest trend analysis of crude oil market:
Crude oil news analysis: During the US market on Wednesday, international oil prices fell sharply, mainly due to the loose supply and demand balance and the global economic outlook dragged down by trade concerns. Brent crude oil futures fell 0.1% to $65.58 a barrel; U.S. WTI crude oil fell 0.1% to $63.32. The decline happened after the two rose about 2% in the previous trading day, hitting two-week highs. Tuesday's rise benefited from two main factors: First, a large-scale wildfire broke out in Canada since early May, causing thousands of people to evacuate and interrupt some crude oil production; second, the market expects Asian countries to reject the draft nuclear deal proposed by the United States, thereby maintaining sanctions on the major oil-producing country and reducing crude oil supply. At present, the international oil market is in a game of multiple forces. On the one hand, geopolitical factors and natural disasters have increased short-term supply risks; on the other hand, OPEC+ production expansion and trade concerns have suppressed the sustainability of the price rebound. Before the lack of clear policy direction and inventory data confirmation, oil prices mayMaintain high fluctuations. Pay attention to the upcoming EIA inventory data.
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 continues to fluctuate upward, oil prices repeatedly cross the moving average system, and the short-term objective trend shows a volatile rhythm. From the perspective of kinetic energy, the MACD indicator appears above the zero axis, showing a top divergence, indicating a signal of weakening of the upper action energy. The overall rhythm and trend of the two trading days before the week showed an alternation of primary and secondary levels, and it is expected that the intraday crude oil trend will remain fluctuating upward. 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 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: Now is the era of the rise of the investment industry, and I believe investors are also confused. For example, among the questions of what kind of investment, what platform to choose, how much money to put, whether the funds are safe, whether they can make profits, etc., He Bosheng has seen too many customers' experiences in recent years, and one year has doubled, one has lost half of the money in one month, and so on. I won’t choose to change anything, nor can I change anything. This is the market. What I can do is to make myself work harder, insist on doing my own transactions, and deserve the trust of my customers and me. I guarantee you too much, and what I get is a thousand miles apart. The trust between people is gradually lost. What I want to do is not a one-time transaction, but I hope for a good relationship that will last forever. He Bosheng helps you establish your own investment ideas so that you can go on for the long term, create brilliance together and win-win cooperation.
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 Platform]: 6.5 Gold has strongly risen and crude oil has fallen sharply. Today's market trend analysis and latest operation suggestions". 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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