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7.28 Analysis of the trend of gold and crude oil market today and the latest exclusive operation suggestions and guidance
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: Analysis of the up and down trends of 7.28 Gold and crude oil today and the latest exclusive operating suggestions and guidance". 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 trends in gold:
Gold news analysis: Gold prices fell last Friday, affected by the strengthening of the US dollar, the US dollar index rebounded from its lowest level in more than two weeks, and signs of progress in US-EU trade negotiations hitting risk aversion demand. Spot gold fell 0.9% to $3336.01 per ounce. US gold futures fell 1.1% to settle at $3335.6. U.S. President Trump said he would meet with the EU on Sunday, "We will see if an agreement is reached with the EU on Sunday." Trump said that the probability of reaching an agreement with the EU is 50%, and the agreement may face 20 "locks". He said that if an agreement is reached, the agreement with the EU will be the largest agreement. This week's gold price focuses on trade talks between the United States, Europe and the United StatesThe judgment is that if the negotiations are optimistic, the gold price may continue to fall to the $3,300/ounce mark; in addition, focusing on the Federal Reserve's resolution, whether the Federal Reserve maintains independence after Trump visits the Federal Reserve's headquarters will be highlighted in this resolution, and non-farm data will also be released on Friday, which needs attention.
Gold technical analysis: In terms of the gold weekly level, gold is still at a high level of 3500-3120 wide fluctuation. It has been fluctuating for ten weeks. The Bollinger band is gradually shrinking, and ma5 and ma10 run horizontally, indicating that gold fluctuations will continue. This time, gold stabilized and rose from 3247 to 3438 and fell back again. At present, the short-term range is 3247-3438. This week, we pay attention to the narrowing of the range oscillation and choose a new direction. The daily level is currently in a 4-wave adjustment, and there is a wave of 5-wave rise after the adjustment is over, and then a large-level ABC adjustment is started. At present, there are two changes in the structure of wave 4. One is triangular contraction and consolidation, and the other is ABC structure. No matter how it runs, the future market will wait for a low-level long view to see the rise of 5 waves. In the short term, gold will still be mainly volatile and bearish.
The gold daily line level has broken through the middle track for three consecutive negative lines, ma5 and ma10 turn downward, and the 66-day moving average below shows signs of puncture again. Last Friday, the K-line closed the physical large negative line, and the lower shadow line is not long, indicating that the bulls are unable to rebound and the short-term bears are still dominant in the short term. This week, gold is expected to further test the 3310-3280 support level, and gold in the 4-hour level peaked at 3438 and then fell back. At present, a one-sided trend has been formed. The K-line is under pressure and the 5 moving average continues to hit a low down, and breaks the short-term upward trend line, and the Bollinger Band opens to diverge downward. , the macd water dead cross diverges downward to underwater, indicating that the current gold trend is in absolute weakness. Next, gold will continue to test the support near 3310 at the previous low, and 3310 will not break. The bulls in gold still have continued offensive momentum. If 3310 breaks, the short-term rise will end, and the subsequent rebound will basically be just corrected. However, the current 4-hour green column has signs of shrinking volume, and it is not easy to chase short at low levels in operation. Try to make short after the rebound corrected shorts. Pay attention to the 3355-3365 regional resistance level above the short term, and pay attention to the 3320-3310 regional support level below. Overall, in terms of gold's short-term operation ideas today, He Bosheng recommends that rebound short sellers should be the main focus, and pullbacks should be the auxiliary focus. The short-term focus on the 3355-3365 line of resistance above, and the short-term focus on the 3320-3310 line of support below.
The latest trend of crude oil market:
Crude oil news analysis: Last Friday (July 25), international oil prices fluctuated and fell weakly. U.S. crude oil is currently trading around US$65.04 per barrel, a drop of about 0.3%. Last Thursday (July 24), international oil prices continued to stay away from the 100-day moving average driven by multiple factors, ushering in a wave of rising prices. The settlement price of Brent crude oil futures rose by $0.67 to close at $69.18 per barrel, an increase of 0.98%; US crude oil futures rose by $0.78 to close at $66.03 per barrel, an increase of 0.98%.It reaches 1.20%. The rally is not only due to the unexpected decline in U.S. crude oil inventories and potential restrictions on Russian gasoline exports, but also the xm-forex.complex impact of the possible U.S. sanctions on Venezuela and tensions over the geopolitical situation in Gaza.
Crude oil technical analysis: From the daily chart level, the medium-term trend fluctuates upward test around 78. The K-line closes to a large physical negative line, and has not yet destroyed the moving average system, and is still supported. The medium-term objective trend is unchanged. However, from the perspective of momentum, the MACD indicator crosses downward above the zero axis, indicating that the bulls' momentum is weakened, and it is expected that the medium-term trend of crude oil will fall into a high-level oscillation pattern. The short-term (1H) trend of crude oil fluctuates upward, and there is a significant repetition during this period. The moving average system relies on the upward trend of oil prices, and the short-term objective trend is on the upward trend. The MACD indicators repeatedly cross above the zero axis, and the long and short sides frequently convert the strength. It is expected that the crude oil trend will continue to be mainly downward in the day. 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 67.0-68.0 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 exclusively planned by gold crude oil analyst He Bosheng. Due to the delay in online push, the above content is personal advice. Because the online publication 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 Review]: Analysis of the up and down trends of gold and crude oil today and the latest exclusive operation suggestions and guidance". 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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