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6.20 How to get rid of long positions in crude oil plummeted, how to operate today's market
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: How to get rid of long positions when crude oil plummeted in 6.20, and how to operate today's market for gold fluctuations in a narrow range." 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.
The latest gold market trend analysis:
Gold news analysis: On Thursday (June 19), spot gold fluctuated and fell during the trading session, and it is currently trading around $3,369.10 per ounce. The dollar rebounded strongly under the driving force of safe-haven demand, and tensions in the Middle East and Fed Chairman Powell's inflation risk warnings have become the focus of the market. The globe of geopolitical clouds shrouded the world, investors were cautious, and the US dollar regained its kingly position as safe-haven assets in this turbulent moment. Geopolitical tensions in the Middle East have escalated sharply recently, becoming an important driving force for pushing up the US dollar. The Israeli-Iran conflict has continued until the seventh day, with further escalating conflict raising concerns about the wider regional instability. Especially closeInvestors around the world are upset by speculation that the United States may intervene in Israel's military operations on Iran's nuclear facilities. According to reports, U.S. officials are preparing for a possible crackdown on Iran in the xmserving.coming days, a news that directly led to pressure on risk-sensitive currencies, while the dollar has rapidly strengthened due to risk-averse demand.
Gold technical analysis: As of now this week, gold has been difficult to achieve continuity between long and short. Yesterday Thursday, under the temporary short-term US dollar trend performance of gold, we are optimistic that gold will fluctuate in range, with the maximum range being 3350/3400, but there may often be a break on Thursday. Therefore, today we should pay attention to trading within the range, and pay attention to the strength after the break. Today, gold's open shorting idea has been verified by the market again. Gold is currently still bearish. The resistance of $3385 in the morning has been realized. If there is another rebound, the upper level will remain unchanged by relying on the resistance of $3375 above and the upper level will remain high. The lower level support will focus on the support line of $3345 and $3325, and just focus on the demand for support rebound here! In the past few days, gold has fallen continuously and the center of gravity continues to move down. In the short term, the 3380 line has formed a suppression, and gold has not broken through and stood firmly at 3380. The decline does not mean the bottom, and continues to carry the gold short position to the end. Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that rebound short sellers should be the main focus, and the retracement should be the low-shorts should be the auxiliary. The short-term focus should be on the 3387-3397 line resistance, and the short-term focus should be on the 3347-3337 line support.
The latest trend analysis of crude oil market:
Crude oil news analysis: Oil prices fell under the dual pressure of news and inventory data, and Brent crude oil futures fluctuated slightly to US$76.38 per barrel; the WTI July contract fell slightly to US$73.35 per barrel. With the intensification of geopolitical uncertainty, the market is in a strong wait-and-see mood. The unexpected increase in EIA crude oil inventories suppressed market optimism. According to market research, the latest data from the U.S. Energy Information Administration (EIA) showed that as of the week ended June 14, U.S. crude oil inventories increased by 2.6 million barrels, far higher than the market expectations of a decrease of 1.1 million barrels, indicating weak demand and the rebound in inventory pressure on oil prices. Although the unexpected rise in crude oil inventories and the uncertainty of US policy have put pressure on oil prices in the short term, from the technical and geopolitical structure, the market is still in the high risk premium for the escalation of potential conflicts. Oil prices may fluctuate repeatedly around key support ranges in the short term. We should continue to pay attention to the geopolitical situation, inventory data and technical support breaks as the three core signals for judging the future market direction.
Crude oil technical analysis: From the daily chart level, crude oil prices break through the upper resistance of the range in the medium term, testing a new high of 75.50. The moving average system is arranged in a bullish manner, and the medium-term objective trend is on the rise. The current trend is in the upward rhythm of the main trend. The fast and slow line of the MACD indicator coincides with the bull pillar above the zero axis, indicating that the bull momentum is full at the moment, and it is expected that the medium-term trend is expected to usher in a rising rhythm. The short-term (1H) trend of crude oil shows a high-level range oscillation rhythm. Oil prices repeatedly cross the moving average system, and the short-term objective trend direction fluctuatesRhythm. In terms of kinetic energy, the MACD indicators are intertwined near the zero axis, and the bulls are unable to perform. It is expected that the crude oil trend will remain mainly volatile during the day, with the range amplitude between 77.00 and 72.00. 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 76.0-77.0 line resistance at the top, and the short-term focus should be on the 72.0-71.0 line support at the bottom.
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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]: How to get rid of long positions when crude oil plummeted in 6.20, how to operate today's market when gold fluctuates in a narrow range". 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!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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