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6.13 Gold crude oil high-sided consolidation latest market trend analysis and today's exclusive operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: 6.13 Gold and crude oil high-sided consolidation latest market trend analysis and today's exclusive 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: During the US session on Thursday (June 12), spot gold continued to rise, with the highest market hitting US$3398.55 per ounce, setting a new high of this week. On the afternoon of June 12, the Ministry of xm-forex.commerce held a regular press conference, saying that China and the United States reached a principled agreement on implementing the important consensus reached by the heads of state on June 5 and the framework for consolidating the results of the Geneva economic and trade talks, and made new progress on resolving the economic and trade concerns between the two sides. The easing of the Sino-US trade war has caused spot gold to fall continuously, with a short-term leak of $30 and a downward reaching $3338 per ounce! Judging from the market sentiment, the risk aversion style has obviously begun to cool down and risk preferences have increased. Add last night's US CPI data value, whether it is monthly or annualAll are less than expected. It shows that US inflation has not deteriorated. After the data is released, the market expects the Federal Reserve to cut interest rates to reach 50 basis points by the end of this year.
Gold technical analysis: On the technical side, the daily upper track is still flat. The current market reaches 3398 and is close to the upper track 3404. After rising on Thursday, it is expected that the upper space is no longer large. Since the market is fluctuating and rising this week, it is not suitable to chase the rise directly. The 4-hour Bollinger band opening continues to diverge upward, and the moving average bulls are arranged, indicating that the current market is in a strong position. It breaks the high on Thursday. There will be a second chance to rise on Friday. In terms of operation, keep a long way to go. Pay attention to the support near 3370 in the short term, pay attention to the resistance near 3405 in the upper, and there may also be a surge and fall under the strong pressure of 3413. If it falls below 3367 and then there will be repeated fluctuations. Specific operation ideas: First, with 3370-65 as the support, and look at 3390-3400 in the short term. Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that the pullback should be long, and the rebound should be short. The short-term focus on the upper short-term focus should be on the 3398-3403 line resistance, and the short-term focus should be on the 3365-3360 line support.
The latest trend analysis of crude oil:
Crude oil news analysis: International oil prices surged and fell on Thursday, with Brent crude oil futures falling 47 cents to $69.40 per barrel; the US West Texas Intermediate crude oil (WTI) fell 33 cents to $67.84. On the previous trading day, Brent and WTI both recorded an increase of more than 4%, both setting a record high since early April. U.S. President Donald Trump said on Wednesday that the U.S. is withdrawing some personnel from the Middle East as the region "could become dangerous" and reiterated that Iran would not allow nuclear weapons to be developed. At the same time, according to market research, the United States is preparing to partially evacuate its personnel in Iraq and allow families in Bahrain and other places to evacuate. Sources from the United States and Iraq revealed that the move was mainly due to the increasing security risks in the region. The current upward action of the oil market is mainly due to the dual impact of geopolitical tensions in the Middle East and the unexpected decline in U.S. stocks. In the short term, as long as the situation in Iran and the United States does not show signs of easing, the market will continue to pay attention to the potential risk of supply disruptions. At the same time, the easing of trade concerns and expectations of global economic recovery will also provide strong support for oil prices in the medium and long term. But we need to be wary of the risk of severe fluctuations caused by the sudden deterioration of the geopolitical situation.
Crude oil news 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 turned upward and hit a new high, and once tested the price around 68. The moving average system diverges upward, and the short-term objective trend direction is establishedsuperior. The K-line has been closed positive continuously, and the MACD indicator opens upward above the zero axis, with sufficient bullish momentum and good continuity of the rise. It is expected that the crude oil trend will continue to rise and hit new highs 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 69.5-70.0 line resistance at the top, and the short-term focus should be on the 67.5-67.0 line support at the bottom.
The above content is all about "[XM Foreign Exchange Market Review]: Analysis of the latest market trends and today's exclusive operation suggestions for gold and crude oil at a high level. It is 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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