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7.30 Analysis of the rise and fall trend of gold and crude oil today and the latest exclusive long and short operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: Analysis of the up and down trend of 7.30 gold and crude oil today and the latest exclusive long and short 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: On Tuesday (July 29), spot gold in the US market fluctuated and rose in a narrow range, and is currently trading around $3,328/ounce. Spot gold fell sharply on Monday, hitting its intraday low of $3301.29/ounce at the last three-week low, closing at $3314.44/ounce, a drop of about 0.66%, which is the fourth consecutive trading day. The fluctuating downward trend in gold prices is not only directly affected by the trade agreement reached by the United States and Europe, but also closely related to the strong rebound of the US dollar index, the recovery of global risk appetite, and the market's expectations for the Federal Reserve's interest rate policy. At the same time, the progress of Sino-US trade negotiations, Trump's bureau of Russia and the Middle EastThe tough statement of the trend and the continued tension in geopolitical areas have added more uncertainty to the future trend of the gold market.
Gold technical analysis: Yesterday, gold was under pressure at 3345 mark and continued to fluctuate downward and fell to the bottom. In the evening, the US market accelerated downward and pierced the 3302 mark and rebounded to weak fluctuation. Gold is temporarily weak, but the general direction is still bullish. Today, pay attention to the gains and losses of the 3330 high point. Only after standing firm at 3330 can you see the trend space. In the early trading today, the pressure continued to weaken, but the 3300 mark still has certain support. This wave of decline is focused on 3300.3285. If the weakness continues today, it may go to the 3285 low point. That is to say, there is still room below gold. Without a clear bottoming performance, let’s see whether the 3285 low point can reach it today.
From the 4-hour chart, the moving average MA5-MA10 dead cross continues to decline, indicating that this short trend is still continuing. The MACD green kinetic energy column is gradually shortening, indicating that the shorts' offense is weakening. KDJ's golden cross is upward around 20, which is a signal of a short-term rebound. That is to say, there is still room below gold. Without a clear bottoming out, today we will look at the 3300 support and further look at the 3285 low point support. If the rebound in the Asian and European sessions today is strong enough, the upper resistance will be around yesterday's high of 3345. 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 3345-3355 line resistance, and the short-term focus on the 3310-3300 line support.
The latest market trend analysis of crude oil:
Crude oil news analysis: Oil prices maintain an upward trend against the backdrop of rising geopolitical risks. As US President Trump recently made a tough statement, demanding that Russia end the conflict with Ukraine within 10 to 12 days, otherwise it will face "sub-sanctions". The market is worried that Russia's crude oil exports may be disturbed, pushing Brent crude oil prices to approach $70 per barrel, recording its largest single-day increase in two weeks by 2.3%. During the same period, U.S. WTI crude oil also stabilized around $67. The interweaving of uncertainty between geopolitics and trade policies has xmserving.complicated market sentiment. In addition to the situation in Russia and Ukraine, investors are also paying close attention to the U.S. trade policy deadline set by the U.S. on August 1, and the upcoming meeting of OPEC+ in early August, which will decide on a plan to increase crude oil production in September. The industry generally predicts that although crude oil inventories are tight in some parts of the world and strong consumption in the northern hemisphere during peak season, if OPEC+ continues to increase production, the pressure of oversupply will gradually emerge at the end of the year.
Crude oil technical analysis: From the daily chart level, the medium-term trend fluctuates upward test around 78, the K-line closes to a large physical negative line, oil prices repeatedly cross the moving average system, and the medium-term objective trend direction fluctuates. But the subjective direction alternates according to the primary and secondary directions, and the direction goes downward. But from the perspective of kinetic energy, the MACD indicator is parallel to the fast and slow line near the zero axis, and the long and short forces are stalemate to each other. It is expected that the medium-term trend of crude oil will remain unchanged. Short-term crude oil(1H) The trend is stimulated by fundamental news and rebounds upward, and the oil price test is 67.15. The moving average system returns to the bullish arrangement, and the short-term objective trend direction is upward. In the early trading, oil prices adjusted narrowly at a high level, and the MACD indicator was running above the zero axis, with bulls taking the lead. It is expected that the crude oil trend will fluctuate at a high level 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 supplemented by the high altitude. The short-term focus should be on the 71.0-72.0 line resistance at the top, and the short-term focus should be on the 67.5-66.5 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 Forex Official Website]: Analysis of the up and down trend of 7.30 Gold and Crude Oil Today's Market Trend and the Latest Exclusive Long and Short Operation Suggestions". It was carefully xmserving.compiled and edited by the XM Forex editor. I hope it will be helpful to your trading! Thanks for the support!
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