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6.16 Gold crude oil high-sided consolidation latest market trend analysis and today's exclusive operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: 6.16 Gold and crude oil high-sided consolidation latest market trend analysis and today's exclusive operation suggestions". Hope it will be helpful to you! The original content is as follows:
Doing investment is like fighting a battle. You must set a strategy before the battle begins. Not only do you need to expand your advantage when you have an advantage on the battlefield and pursue your victory, but you also need to formulate what to do if you lose, how to preserve your strength and then decide on your plan and fight again after you retreat. Whether it is war or investment, not every fight against the enemy can win. There are only a few battles in history. It is like the original trend in the investment market that has already shown the opposite signal and still seeking to follow your own wishes. Once you have such a mentality, you must pay attention that if you don’t change this problem, you will be overwhelmed by the investment market. Predict in advance, take the lead, seize the initiative, follow the trend with light positions, strictly control the risk, grasp it easily, and invest happily.
Analysis of the latest gold market trend:
Analysis of gold news: At the end of last week, the further intensification of geopolitical situation in the Middle East has driven the warming of risk aversion sentiment. Spot gold once broke through US$3446.75, close to the previous high of US$3499.7, setting a new high in two months. The uptrend was driven by multiple factors, including weak U.S. inflation data last week, which further strengthened market expectations for the Fed's rate cut, thus increasing the attractiveness of gold. On Monday, gold prices may continue to benefit from risk aversion and are expected to challenge the $3,500/ounce mark in the short term. In addition, this week's market will be affected by the Fed's resolution and Powell's speeches, and investors should pay attention to the potential impact of Fed policy trends on gold prices. It is worth noting that US President Trump will visit Canada from June 15 to 17 to attend the G7 Leaders' SummitSpeeches during the summit may also cause fluctuations in gold prices, so you need to keep an eye on them.
Gold technical analysis: From a technical perspective, gold prices continue to rise, and the graphics of each time cycle have formed obvious and strong support. In the daily chart, gold retraces the trend line after the triangle convergence breaks through and rises again. The rise momentum of gold is still strong in the short term. Based on the last round of reincarnation low of $3,120 as the starting point of the wave structure, the push of the third wave may cause gold prices to rise to $3,600-3,640. Based on the current fundamentals, news and geopolitical situation, the medium- and long-term upward trend of gold is far from over. Therefore, investors should be patient and going long on lows is the current main strategy. On the 1-hour chart, gold prices have undergone sideways consolidation after a risk aversion rise in the short term, but the overall situation is still in the process of rising. Short-term volatile adjustment is a normal manifestation in the upward process. Unless negative factors cause gold to fall below $3,400, gold is expected to continue to break through the upward trend. If the gold price falls back to around $3,400 again, you can still go long at a low price. It should be noted that if the gold price falls below $3,400, you should re-examine the market situation and adjust the operating strategy. Overall, in terms of gold's short-term operation ideas today, He Bosheng recommends that the pullback be long and the rebound be short as the supplement. The short-term focus on the upper short-term focus on the 3470-3480 line resistance, and the short-term focus on the 3425-3415 line support.
The latest trend of crude oil market:
Crude oil news analysis: The situation in the Middle East suddenly escalated last Friday (June 13), Beijing time. Israel announced a preemptive strike against Iran, with the target directly targeting the facilities and goals of Iran's nuclear program. It was reported that Iran's capital Tehran, Iranian state media confirmed that its senior leaders of the Revolutionary Guard Corps were killed in the attack, and nuclear scientists and facilities were also severely damaged. At the same time, although the United States has not directly participated in the action, it has entered a state of high alert, and the global crude oil and gold markets fluctuate violently due to tensions. This sudden conflict not only caused widespread concerns among the international xmserving.community about regional security and global economic impacts. Looking ahead, the oil market is at the critical point of a fierce game between bulls and bears. In the short term, geopolitical risks will continue to dominate market sentiment, and oil prices may fluctuate at high levels or even further rise. But in the medium and long term, OPEC+'s production increase plan, uncertainty in global economic recovery and acceleration of energy transformation may re-shrink oil prices. In any case, the subsequent evolution of the Middle East powder keg will profoundly affect the operating logic of the global energy market in the second half of the year. Investors need to pay close attention to the progress of the situation and respond flexibly to this variable oil market storm.
Crude oil technical analysis: From the daily chart level, crude oil hovers around the moving average system, and the medium-term objective trend is mainly fluctuating. Oil prices gradually rise near the upper edge of the range. From the perspective of kinetic energy, the MACD index is fast and slow and the bulls are moving upwards on the zero axis, and the bulls are starting to warm up. The K-line continues to close to the small positive line. If oil prices break through range resistance in the later period, thenThe future trend is expected to further upward test the 70-line. The short-term (1H) trend of crude oil fluctuated and rose to a new high and hit a high of 70. The moving average system is arranged long, and the short-term objective trend direction remains unchanged. The K-line closed in the early trading with a large positive line, showing a main trend upward. The MACD indicator opens its mouth above the zero axis, with bulls taking advantage of the momentum, and it is expected that the crude oil trend will continue to break through the upward trend during 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 high-altitude as the auxiliary. The short-term focus should be on the 76.5-77.5 line resistance at the top, and the short-term focus should be on the 72.5-71.5 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 Foreign Exchange Market Review]: Analysis of the latest market trends and today's exclusive operation suggestions for gold and crude oil at a high level. 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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