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Black clouds press over tariff war, gold and silver pressure on short bands
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Hello everyone, today XM Foreign Exchange will bring you "[XM Official Website]: Black clouds press the tariff war, gold and silver pressure short bands". Hope it will be helpful to you! The original content is as follows:
Last week, the gold market opened at 3087.8 at the beginning of the week, and the market continued the upward trend of the previous week. The weekly high gave a record high of 3168.2. The market was downward due to the lack of liquidity caused by the US reciprocal tariffs on Thursday, which led to the profit-taking process. By the end of Friday, the weekly line was at the lowest level of 3015.6 and then rose at the end of the day. After the weekly line finally closed at 3038.3, the weekly line closed in a very long upper shadow line, and after the end of this pattern, although the market opened low this week, the market still had the pressure of falling back after the rebound. At the point, the direct decline in the morning gave more than 2980 stop loss 2975. The target was to leave the market near 3000 and 3012 and 3018-3020 to prepare for short orders.
The silver market opened at 34.117 last week and sailed first to pull up to 34.479. Then the market fell strongly. After falling below multiple technical support, the weekly line was at the lowest point of pulling 29.137 and then the market consolidated. After the weekly line finally closed at 29.542, the weekly line closed with a super large negative line with an upper and lower shadow line equal to the length of the upper and lower shadow line. After this pattern ended, the silver weekly line effectively broke through the upward trend line of this round and the rise of this round Fibonacci23.6 support, after the market opened low in the morning and reached 38.2 support, there will be a certain consolidation process here. At the point, the low in the morning and gave a short stop loss of 28.3, and the target is 29 and 29.6-29.8 pressures to leave the market and backhanded.
The European and American markets opened at 1.08204 last week and the market fell first. The weekly line was at the lowest point of 1.07752 and then the market rose strongly. The weekly line reached the highest point of 1.11470 and then the market fell on Friday. After the weekly line finally closed at 1.09613, the weekly line closed with a large positive line with a very long upper shadow line. After this pattern ended, the 1.10600 short stop loss was given 1.10800 short stop loss below 1.09600 and 1.09300 and 1.09000.
The U.S. crude oil market opened at 69.64 last week and then the market rose first. The weekly line reached a high of 72.41. After the market made a double inverted hammer fall signal at the daily level. After coordinating with the impact of the US tariff war global recession expectations, the market fell strongly. The weekly line was at the lowest level and the market consolidated at the end of the trading session. The weekly line finally closed at 62.4. After the market closed with a large negative line with an upper shadow line longer than the lower shadow line. After such a pattern, the market still had the pressure of falling back this week. At the point, the short position of 71.9 and short positions of 70.3 last week were reduced and the stop loss followed at 68. After opening low today, the market rebounded to 63.6 and short stop loss of 64.2. The target below is 59.5 and 59 and 58.5-58.
That week, the Nasdaq market opened at the beginning of the week at 19150.98, and the market fell back to the position of 18767.8, and then the market rose rapidly. The weekly line reached the highest position of 19879.8, and the market was affected by the US opening of reciprocal tariffs on Thursday and China's counter-target tariffs on Friday. The market plummeted, and the weekly line was at the lowest position of 17212.48, and the market consolidated. The weekly line finally closed at 17332.69, and the weekly line closed with a super large negative line with a very long upper shadow line. After this pattern ended, the weekly line fell below multiple support. After opening low in the morning, the market was at the lowest, that is, the market was still under the pressure of falling back. At the point, the short position of 19000 last week was reduced and the stop loss was followed by 18000, and today's morning trading was low by more than 16400.16300, the target is 16700 and 16800, and the target is 17000 and 17400, and the target is 17000 and 17400 and the target is directly empty.
Brands, the fundamentals of last week all went through a severe week under the influence of the US president's policies. Market sentiment deteriorated sharply after the US president announced its tariff proposal, which exacerbated concerns about global growth expectations and caused a plunge in U.S. stock markets. On Thursday, hedge funds sold stocks at a record high since 2010. Meanwhile, retail investors bought $4.7 billion worth of stocks, the most in more than a decade. On Friday, the market value of the S&P 500 evaporated by $1.5 trillion again, with cumulative losses of $3.5 trillion in two trading days. Large tech stocks fell, and the Nasdaq closed down more than 20% from its record high in December last year, entering a technical bear market. The U.S. president signed an executive order on "reciprocal tariffs" at the White House, announcing that the U.S. would set up a 10% "minimum benchmark tariff" on trading partners and impose higher tariffs on certain countries. For example, the EU's reciprocal tariffs are 20%, Japan's 24%, Vietnam's 46%, and South Korea's 25%. According to the US-Mexico-Canada Agreement, goods that meet the regulations will continue to enjoy tariff exemptions, while goods that do not meet the requirements will maintain a tariff of 25%. China counter-introduction on Friday, including: 34% tariffs on all imported goods originating from the United States based on the current applicable tariff rate; suspend the qualifications for sorghum imports to China by one American xmserving.company, three American xmserving.companies for poultry and bone meal imports to China, and suspend the import of poultry and meat products from two American xmserving.companies; include 11 American entities including Scalio on the list of unreliable entities; include 16 American entities including Gaodian Aviation Technology xmserving.company in the export control https://xmserving.comControl control list; launch anti-dumping investigation on imported medical CT tubes originating from the United States and India; implement export control measures on seven types of medium and heavy rare earth-related items such as samarium, gadolinium, terbium, dysprosium, tertium, scandium, and yttrium; prosecutions in the WTO dispute settlement mechanism; conduct anti-monopoly investigations on American chemical giant DuPont China Group Co., Ltd.; etc. The trade nuclear war has begun. The market sells gold to gain liquidity against the backdrop of a plummeting stock market, which triggers profit-taking in the gold market. However, with the expectation of an economic recession, the escalating trade war and the depreciation of global currency, gold will have ideal medium-term buying opportunities after this round of adjustment. The fundamentals of this week are mainly focused on the eurozone February retail sales monthly rate at 17:00 on Monday. On Tuesday, we focused on the US March NFIB Small Business Confidence Index at 18:00. On Wednesday, we focused on the monthly rate of wholesale sales in the United States in February at 22:00, and then looked at the EIA crude oil inventories from the 22:30 US to April 4 week and the EIA crude oil inventories from the 22:30 US to April 4 week and the EIA Cushing crude oil inventories from the 4 week and the EIA strategic oil reserve inventory inventories from the 4 week. Close on ThursdayNote at 2:00 a.m., the Federal Reserve released the minutes of the March monetary policy meeting. In the morning, China's March CPI annual rate was 9:30, with an expected 0.1% in this round. In the evening, the US's March unseasonally adjusted CPI annual rate and the US's March seasonally adjusted CPI monthly rate, as well as the number of initial unemployment benefits in the United States to April 5, with an expected 2.6% in this round. European Central Bank President Lagarde, who was concerned about 17:45 on Friday, delivered a speech at the Euro Group press conference, then looked at the US March PPI annual rate at 20:30 and the US March PPI monthly rate, followed by the initial value of the US April one-year inflation rate expected at 22:00 and the US University of Michigan Consumer Confidence Index in April.
In terms of operation, gold: the direct fall in the morning session gives a stop loss of more than 2980 and 2975, and the target is to leave the market near 3000 and 3012 and 3018-3020 to prepare for short orders.
Silver: Open low in the morning and give a short stop loss of 28.3, and the target is 29 and 29.6-29.8 and leave the market with a backhand short.
Europe and the United States: After opening low and rising in the morning today, the short stop loss was given 1.10600 and 1.10800. The lower target was 1.09600 and 1.09300 and 1.09000.
U.S. crude oil: Last week's short position of 71.9 and 70.3's short position were reduced and the stop loss was followed at 68. After opening low today, the market rebounded 63.6 and the short stop loss was 64.2. The lower target was 59.5 and 59 and 58.5-58.
Nasdaq: Last week's short position of 19000 and the stop loss was followed at 18000. This morning's low position was opened by more than 16400 and the stop loss was 16300. The target was 16700 and 16800. The break level was seen at 17000 and 17400 and the backhand left and left.
The above content is all about "[XM official website]: Black clouds press the tariff war, gold and silver pressure are short", which is carefully xmserving.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your transactions! Thanks for the support!
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