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4.28 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 Market Analysis]: 4.28 Gold and crude oil market trend analysis and the latest exclusive long and short operation suggestions". Hope it will be helpful to you! The original content is as follows:
The latest gold market trend analysis:
Gold news analysis: Spot gold fell nearly 1% last Friday and closed at 3316.26. Last week, gold rose to a record high at 3500 mark. After Trump's unilateral statement on tariffs eased, investors chose to close the market to the 3500 mark, with gold prices the lowest in the week. The degree has fallen to around 3260. At a time when the tariffs are in a deadlock, any xm-forex.comments about tariffs have not reduced the market risks, but have increased market uncertainty. This week, the gold market will usher in the first quarter "Gold Demand Trend" report released by the World Gold Association. In addition, Trump's 100-day rally on Tuesday may become an important window for gold prices to choose to test again the 3500 mark or continue to fall from 3300.
Last week, international gold showed a surge and decline overall, with the opening price at US$3332.96, the highest price at US$3499.92, the lowest price at US$3260.2, the closing price at US$3316.2, and a shooting star on the weekly line. After this pattern appears, it indicates that the gold cycle will face the risk of decline. If it is in line with the negative news, it is possible that the future market will fall to 3100 or fall below 3000. Therefore, we should remain vigilant this week and pay close attention to news such as the geopolitical situation and tariffs over the weekend to make buying or selling decisions this week. In particular, domestic investors such as financing and deposit funds need to pay attention to protecting profits.
Gold technical analysis: From the daily level, gold rose by 3500 mark this week and saw long profit settlement, and the price retreated to 3260 at the lowest level, becauseThe uncertainty of the market on tariffs has increased, and there has been a wide consolidation in the second half of the market. Technically speaking, the bulls will strengthen again after breaking through the 3385 market, and breaking down by 3260 will further expand the adjustment space. From the MACD of the sub-chart indicator, the red column continues to shrink, and the fast and slow line is about to cross the high, which implies that the short-term volatility of gold will continue and there is downside risk. Mainly keep the idea of keeping high altitude at the daily level.
From the 4-hour level, after a sharp drop of 3500-3260, the current market is under pressure and fluctuates below the middle track, with a range of 3370-3260. At present, the Bollinger Band continues to close, and the short-term market continues to maintain the range consolidation until the Bollinger Band reopens to choose a new direction. Should the market be consolidated in the future end the A-level wave that breaks down or breaks upward and restarts a new wave of upward trend? Before the range is broken, the short-term operation in the day adopts high-altitude and low-ten operations, and try to focus on high-altitude as the main one. Break the level and choose to follow the trend. The upper resistance: 3338-3353-3370; the lower support: 3303-3287-3260; overall, in terms of gold's short-term operation ideas today, He Bosheng recommends that rebound short sellers should be the main focus, and the retracement should be the low-small support. The upper short-term focus should focus on the 3338-3353 line resistance, and the lower short-term focus should focus on the 3287-3260 line support.
The latest trend analysis of crude oil:
Crude oil news analysis: In the early trading last Friday, Brent crude oil rose 5 cents to $66.60 per barrel, but the weekly decline was still 2%. WTI crude oil rose 6 cents to $62.85 per barrel, down 2.9% this week. According to market research, several representatives of OPEC+ member states proposed this week that the alliance will accelerate the recovery of crude oil production in June, the second consecutive month that the issue has been raised. The news has led the market to reassess the balance between crude oil supply and demand. At the same time, the Russian-Ukrainian conflict may usher in a turning point. Russian Foreign Minister Lavrov said in an interview with the US media that Russia and the United States "go in the right direction" to end the Ukrainian conflict, but there are still key issues that need to be resolved. Once the conflict stops and sanctions on Russia are lifted, more Russian crude oil will be released to return to the international market.
Crude oil technical analysis: From the daily chart level, the medium-term trend moving average system is arranged downward, and the medium-term objective trend direction is downward. After the oil price hits a low of 55.20, the frequent alternation of bulls and bears formed will accumulate momentum for shorts in the medium term and are expected to further decline to the 50 position in the later period. The short-term (1H) trend of crude oil is running at a secondary oscillating rhythm, oil prices repeatedly cross the moving average system, and the objective short-term trend direction is the oscillating rhythm. MACD stops the fast and slow line and leaves the bears gradually test the zero axis position, and the bulls' kinetic energy becomes warmer. It is expected that the rhythm of crude oil fluctuation will be longer, and there is a high probability of running that will rise first and then fall. 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 64.5-65.0 line of resistance above, and the short-term focus should be on the 62.0-61 below.5 first-line support.
This article is provided by He Bosheng. Due to the delay in online push, the above content is personal advice. Because the online posting is timely and is for reference only, you can bear the risk at your own risk. Please indicate the source when reprinting.
The above content is all about "[XM Foreign Exchange Market Analysis]: 4.28 Gold and Crude Oil Today's Market Trend Analysis and the Latest Exclusive Long and Short Operation Suggestions". It was carefully xm-forex.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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