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6.11 Gold surged and fell to a resistance and crude oil rose strongly today's market trend and latest operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: 6.11 gold surged and fell back to decline. Crude oil rose strongly. Today's market trend analysis and latest 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 xm-forex.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 (June 10), spot gold rose and fell in the middle of the session, with the highest gold hitting US$3348.24/ounce, with an intraday increase of 0.34%. Gold prices fell in early trading on Tuesday as both sides hinted at a willingness to make concessions during Sino-US trade negotiations. Easing tensions between Washington and Beijing may undermine the attractiveness of gold. Senior U.S. and Chinese officials launched a second round of trade talks in London, the first since the meeting in Geneva in early May. On the afternoon of June 9th local time, the first meeting of the Sino-US economic and trade consultation mechanism was held in London, England. On June 10, local time, the first meeting of the China-US economic and trade consultation mechanism will continue. The U.S. delegation is by the Treasury DepartmentLeading by President Besent, xm-forex.commerce Secretary Lutnik and U.S. Trade Representative Greer also attended the talks. Becente told reporters in London that they had a "good talk" and Lutnik called the discussion "reproductive". Senior Chinese and American officials have launched a new round of trade negotiations in London, and the core issues that the market is concerned about include semiconductor export controls, rare earth policies and intellectual property protection. Although a full agreement is still challenging, the "constructive" signals sent by both sides have enhanced the market's moderate expectations of the negotiation results. This puts a certain suppression on gold. Traditionally, geopolitical frictions are an important support factor for gold, and easing tensions weaken its risk-averse attraction. This statement prompted gold to quickly give up some of its gains during the session.
Gold technical analysis: The recent gold daily line has also been volatile, and it rebounded sharply. Yesterday's rebound rebounded by 40 points, which is still in line with our expectations that it will rebound first and fall. Gold rushed to 3338 in the middle of the night and plunged again. Yesterday we analyzed the strong pressure at this position. The shorts that did not stand on the daily line will continue. There was too much decline in the standing up yesterday. Today's idea is that we should continue to be short. We dived directly in the morning. 3300 has support, and the white market will rebound slightly. It may be difficult to rebound a big rebound. The daily line closed slightly positive yesterday. It is estimated that there is still room for swaying in the white market. In addition, the 30-day line of the daily moving average stuck near 3300. If this position is broken, it will accelerate the decline. 3293 is not the low point of this wave of decline.
The gold rebounded again after falling to 3301, and a new oscillation began. However, although it was a volatile, the overall center of gravity moved downward. Then this oscillation is the oscillation in the decline relay, and gold rebounded still continued to be short. A new oscillation began in one hour, but the box above still suppressed the gold rebound. Yesterday, the rebound of 3338 began to fall and began to fluctuate in a large range. So today, you can continue to be at high altitudes below 3345, or fluctuate in a large range. The market conditions at each stage have their personalities. After gold rises in the afternoon, it will obviously begin to bear pressure above 3330. Then the gold short sellers may xm-forex.come again. We will wait and see whether gold can fall below 3300 again. Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that rebound short sellers should be the main focus, and pullbacks should be the auxiliary focus. The short-term focus is on the 3345-3355 line of resistance above, and the short-term focus is on the 3310-3300 line of support below.
Analysis of the latest trends in crude oil:
Analysis of crude oil news: As market participants expect positive results in negotiations between Asian powers and the United States, crude oil prices have risen slightly. During the Asian session on Tuesday, Brent crude oil futures rose $0.12 to $67.16 a barrel, while U.S. WTI crude oil rose $0.13 to $65.42, setting a new high since April 4 intraday. Brent rose to $67.19 in the previous trading day, setting a high point since April 28, mainly benefiting from market expectations that the U.S. and China may reach an agreement.Oil prices are currently at the intersection of multiple factors. In the short term, the global trade situation determines the main line of market sentiment. If a eased plan can be reached, it will be beneficial to demand expectations. However, Iran's recovery in exports and OPEC's production increase strategy may bring potential oversupply in the second half of the year, becoming the main risk of suppressing oil prices.
Crude oil technical analysis: From the daily chart level, crude oil hovers around the moving average system, and the medium-term objective trend is mainly fluctuating. Oil prices gradually rise near the upper edge of the range. From the perspective of kinetic energy, the MACD index is fast and slow and the bulls are moving upwards on the zero axis, and the bulls are starting to warm up. The K-line continues to close to the small positive line. If oil prices break through range resistance in the later period, the medium-term trend is expected to further upward to test the 70 line. The short-term (1H) trend of crude oil continued to the upward rhythm, oil prices hit around 65.40 and were subject to strong short positions. The K-line closed a large physical negative line, almost recovering all the gains of the day. The K-line crosses the moving average system, and the upward direction of the short-term objective trend changes. The second-large large solid negative line forms the main rhythm, and it is expected that the crude oil trend will further fall to around 63.50 before looking for support again. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that rebound high altitudes should be the main focus, and the retracement should be the low long as the auxiliary. The short-term focus should be on the 67.5-68.0 line resistance at the top, and the short-term focus should be on the 65.0-64.5 line support at the bottom.
The above content is all about "[XM Foreign Exchange Decision Analysis]: Gold surged and fell when it encountered resistance and fell. Crude oil rose strongly. Today's market trend analysis and latest operation suggestions" 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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