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9.17 Analysis of the latest market trends of gold and crude oil strong rise and today's exclusive operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Analysis of the latest market trends of the strong rise of 9.17 gold and crude oil and exclusive operation suggestions today". 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: Spot gold broke through 3700 during the US session on Tuesday, setting a new historical high again, and fluctuated at a high level around 3692 during the European session. The gold price is driven by the joint efforts of multiple factors, with the weak US dollar index and the US Treasury yield continuing to decline. Among them, the Fed's FOMC interest rate resolution announced on September 17 (Beijing time on September 18). The market generally expects the Federal Reserve to cut interest rates by 25 basis points and release the latest economic forecast. At that time, the speech of Federal Reserve Chairman Powell and the policy signals released by the meeting will affect future interest rate path expectations and then dominate the trend of the US dollar and interest-free asset gold. In addition to the Federal Reserve, the market will also pay attention to the Bank of Canada’s policy resolution on Wednesday and the Bank of England on Thursday.Interest rate decisions, and the results of the BoJ’s two-day meeting (released on Friday). These events may exacerbate the volatility of gold prices. Geopolitical tensions continue to escalate and may continue to provide support for safe-haven gold.
Gold technical analysis: Gold keeps the bullish trend unchanged on Tuesday. Don’t doubt or change this point, but it is currently a volatile upward trend, and you cannot aggressively chase long. A steady approach is to fall back and long. If you hit a new high under the trend, you can see 3710 and 3750. If the Fed expects a rate cut and cuts a rate of 25 benchmark points, then gold is likely to have a wave of medium-term decline on Wednesday and Thursday, and this wave of decline will continue for a period of time. Therefore, the market on Tuesday still depends on the slow rise under the trend, and we should pay attention to changes in market strength and weakness on Wednesday and Thursday. On Monday, gold began to rise to 3690, with 65 US dollars in total, and the main force was reflected in the US market. Maintaining the bullish principle on Tuesday is also a strategy for falling and going long. The technical support is 3665. That is to say, if you fall back to 3665 intraday support, you can go long and bullish. Look at the second rise space. Of course, the target is around 3690. If it breaks, you will look at 3710 above. In addition, if it accidentally falls below 3665 today, then respect the market trend, the Bollinger closes in the H4 cycle and may also enter a high fluctuation. Let’s look at the low support effect of 3620. Overall, in terms of gold's short-term operation ideas today, He Bosheng recommends that the main focus is on retracement and low-long, rebound high-altitude as the auxiliary. The short-term focus on the 3715-3725 line of resistance above, and the short-term focus on the 3680-3670 line of support below.
The latest trend analysis of crude oil market:
Crude oil news analysis: In the early trading on Tuesday, international oil prices remained at a high level. Brent crude futures rose 4 cents to $67.48 a barrel, while U.S. West Texas Intermediate crude oil (WTI) rose 2 cents to $63.32 a barrel. On the previous trading day, Brent rose 45 cents to close at $67.44, and WTI rose 61 cents to close at $63.30. Concerns about Russia's supply outlook are heating up. Ukraine has recently stepped up its attacks on Russian oil refineries in an attempt to weaken its energy industry and thus affect military capabilities. The market is worried that, as the core country where more than 10% of the world's crude oil supply, Russia may bring about a supply gap once production is damaged. The current oil market trend is driven by three core factors: one is the supply concerns caused by the attack on Russia's energy facilities, the second is the macro support of the Fed's interest rate cut expectations and the weakening of the US dollar, and the third is the intertwined risks and easing signals brought by Middle East relations. From a trend perspective, oil prices may remain in a high fluctuation range in the short term, but if the Federal Reserve releases a more relaxed policy signal and the geopolitical situation further deteriorates, oil prices may break through the recent range.
Crude oil technical analysis: From the daily chart level, crude oil has been continuously closed and stopped, forming a narrow range bottom, oil prices repeatedly cross the moving average system, and the medium-term objective trend fluctuates pattern. Oil prices fell below the lower edge of the range on Monday.There has not yet been a continuous and powerful downward trend, and it is expected that the medium-term trend of crude oil will remain a weak and volatile consolidation pattern. The short-term (1H) trend of crude oil fluctuates within the range and gradually rises to near the upper edge of the range. The moving average system relies on oil prices, and the objective trend is an increase within the range. The fast and slow line of the MACD index is at the zero axis position, and the kinetic energy of both long and short is weak. Pay attention to the resistance of the upper edge of the range to oil prices, and it is expected that the crude oil trend will remain mainly fluctuating within the range. 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.
He Bosheng's message: I don't have gorgeous language here, only real trading and Mingming Lang Lang's operations. The market has only one direction, neither bulls nor shorts, but right direction. Reasonable risk control + good investment returns allow every retail investor to find the real pleasure of investing, and no longer the hard trading of their own every day but the continuous increase in losses. I have always believed that choice is more important than hard work. A good instructor and a good technical team should be more responsible to customers in addition to bringing profits to customers. Individual investors, if they face the market alone, they are easily confused by the authorities and are caught off guard when encountering sharp rises and falls. If someone can see the situation clearly outside the circle and give the direction, they can do better.
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 Platform]: Analysis of the latest market trends of the strong rise of gold and crude oil and today's exclusive operation suggestions". 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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