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6.9 Analysis of the price fluctuation trend of gold and crude oil today and suggestions for long and short operations on Monday
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: 6.9 Gold and crude oil market price fluctuation trend analysis and Monday's long and short operation suggestions". Hope it will be helpful to you! The original content is as follows:
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Analysis of the latest gold market trends:
Analysis of gold news: On Monday (June 9), spot gold fluctuated slightly higher in the early trading of the Asian market, and the current trading is around US$3,316. London gold prices surged and fell last Thursday, breaking through the $3,400 mark during the session, setting a new high of $3,403 per ounce in the past four weeks. Meanwhile, silver prices broke through $35, hitting a 13-year high, driving the rise in gold prices. However, gold prices fell as Chinese and U.S. leaders spoke to ease trade tensions. The number of people who requested unemployment benefits in the United States increased for the second consecutive week, and the market focus turned to the released non-farm employment report. Trump once again called on the Fed to cut interest rates, and the easing of the trade situation directly affected the performance of safe-haven assets. The decline in gold prices reflected the market's optimistic expectations for Sino-US trade negotiations, thus weakening the safe-haven appeal of gold. The market will closely monitor non-farm employment data and the United NationsThe meeting resolution of the deposit on June 17-18 is to judge the short-term trend of gold prices. Despite possible fluctuations in the short term, gold still has long-term investment value in the context of uncertainty between the global economy and geopolitical.
Gold technical analysis; at the daily level, gold prices have maintained a volatile pattern in recent years. The opening of the Bollinger band narrows, indicating that the long and short forces are in a stalemate. The MACD fast and slow line is above the zero axis, the spacing is narrowing and there is a golden cross trend, the red kinetic energy column is emerging, the bulls are slowly gathering, the RSI indicator is around 55, and the bulls and bears are fierce. From the hourly line, the Bollinger Band opens downward, and the bears temporarily dominate. MACD runs dead fork, the green kinetic energy column continues to increase in volume, the 5-day moving average crosses the 10-day moving average, and the short-term downward trend is obvious. However, the support around 3300 is strong, and they rebounded after many declines. We need to pay attention to the breakthrough of key positions in the future to grasp the trading opportunity. Overall, He Bosheng suggested that today's short-term gold operation focus on long-term pullbacks and short-term rebounds as supplements. The short-term focus on the upper short-term focus on the 3335-3345 line resistance, and the short-term focus on the 3300-3290 line support.
Analysis of the latest trend of crude oil:
Analysis of crude oil news: Boosted by the call between leaders of the two major economies in the world, oil prices maintained a rise last Friday. Brent crude oil prices remained stable at around $65 per barrel, the first weekly rebound since mid-May; WTI crude oil also stayed near $63. "Under the background of gradual easing of macro uncertainty, the risk of panic selling in the market has been significantly reduced." Analysts said, "With the arrival of the peak demand season in the summer and the geopolitical tensions in the Middle East and Russia, the downward space of oil prices has been significantly suppressed." The recent steady recovery in oil prices shows that the market has gradually digested the macro uncertainty factors, but the supporting factors behind them are still relatively fragile. Although trade concerns have temporarily eased, whether OPEC+ continues to release production capacity as expected by the market will be the key to whether oil prices can rebound continuously in the future. At the same time, the options market reflects expectations of oversupply at the end of the year, which will test the coordination capabilities of oil-producing countries.
Crude oil technical analysis: From the daily chart level, the medium-term trend moving average system suppresses the rebound of oil prices, and the medium-term objective trend direction is downward. After the oil price hits the low point of 55.20, the frequent alternation of bulls and bears formed. From the perspective of the pattern, the prototype of the falling flag-shaped relay appears. Pay attention to the strength of the oil price testing the upper edge of the flag. It is expected that after the medium-term trend fluctuates, it will still fall to the 50 position. The short-term (1H) trend of crude oil has maintained a fluctuation and upward trend, and oil prices have quickly recovered after hitting a new high. This rhythm has been going through two trading days. Judging from the K-line closing in a large physical negative line, the downward trend last Friday turned significantly stronger. The overall objective trend direction is oscillating. It is expected that crude oil will fall below the lower edge of the high range within the day, and test it downwards around 66. 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 66.0-67.0 line resistance at the top, and the short-term focus should be on the 63.0-62.0 line support at the bottom.
This article is fromGold crude oil analyst He Bosheng exclusively planned that due to the delay in online push, the above content is personal advice. Because the online posting 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 xm-forex.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 Analysis]: Analysis of the price fluctuations and trends of gold and crude oil today and the long and short operations suggestions on Monday". It was carefully xm-forex.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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