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Analysis of the trend of gold and crude oil market today and the operation suggestions for closing on Friday
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Hello everyone, today XM Foreign Exchange will bring you "【XM official website】: Analysis of the rise and fall trend of gold and crude oil today and the closing operation suggestions on Friday". Hope it will be helpful to you! The original content is as follows:
The investment market always has four levels: keeping the principal, controlling risks, earning profits, and making long-term and stable profits. Don’t determine the result because of the winning or losing of a day. Is it accidental or inevitable to make money, whether it is based on real effort or luck. Those who can survive in the market will definitely be investors who can eventually make long-term profits. Trading is a good habit, strictly implement your trading plan. A rigorous transaction = good mentality control + correct position control + strong technical skills, never force buying and selling for cooperation. Opportunities are reserved for those who are prepared. The right choice is greater than a hundred times hard work. If you trust the teacher, I will give you a satisfactory return. You just need it, and I happen to be professional!
Analysis of the latest gold market trend:
Analysis of gold news: In the early trading of the Asian market on Friday (September 19), spot gold fluctuated narrowly, and currently trading around $3,640.90 per ounce. On Thursday (September 18), gold prices continued to pull back, hitting a low of $3,627.88/ounce intraday, closing at $3,644.27/ounce. Federal Reserve Chairman Powell was dovishly inferior to expectations. The data on initial unemployment claims for the United States was better than expected. The US dollar index and US Treasury yield rebounded sharply, prompting gold bulls to take profits and drag down gold price performance. Market participants are closely weighing whether the Fed's "risk-managed interest rate cut" will open the door to easing, or whether the stubborn inflation will drag down the short-term momentum of gold. Despite this, analysts generally believe that the pullback is only a technical correction, and the long-term bullish trend of gold is still stable, with a cumulative increase of nearly 39% this year, with a target directly reaching the $4,000 mark.
Technical analysis of gold: From a technical perspective, goldThe long-term upward trend has not changed, and overall it remains bullish. However, there is a certain adjustment risk in the short term, so it is recommended to wait for a low level after the callback. Judging from this week's trend, although gold hit this level twice when trying to break through the high of 3707, it failed to break through effectively and showed a significant pullback. Especially after the Fed's interest rate resolution was announced, changes in market sentiment caused the gold price to fall rapidly to $3,645. It can be seen that gold will find it difficult to break through new highs in the short term, and it is expected to maintain a volatile consolidation pattern.
Technically, the daily chart shows that although gold closed at a high level, it has not yet broken the unilateral moving average support, so it does not mean that the trend will be xm-forex.completely weaker in the short term. Gold is currently showing signs of high fluctuations, with the key support at US$3,620. If it falls below this level, it may trigger a deeper correction and trigger downside risks. If it remains above 3620, there is still a possibility of continued rise. From the H4 level, the Bollinger Band is in a closing state, and the moving average system is bonded, further confirming the current fluctuation in the gold market. The support level of the Bollinger band lower rail and the 60-day moving average is around 3635. If this position is not broken, it will be difficult to open the Bollinger band lower rail and gold may not experience a one-sided decline. Gold's surge at midnight fell back to 3645, further confirming the support range below. 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 3655-3665 line of resistance above, and the short-term focus on the 3620-3610 line of support below.
Friends who are interested in spot gold, silver TD, London gold, Shanghai gold, Shanghai silver, paper gold, and US crude oil investment, and have just entered the gold market, have severely shrunk funds and have poor returns, can find me. You can add Mr. He Bosheng, and I will provide you with reasonable operation plans based on your entry point and fund size. Since I don’t know where the point where your position is trapped is, I cannot give a corresponding strategy. It is recommended to bring your single position to find He Bosheng (WeChat: hbs6286 DingTalk: hbs6282). I will do my best to solve the problem for you.
The latest trend analysis of crude oil:
Crude oil news analysis: On Friday (September 19, Beijing time) in the early Asian market, U.S. crude oil trading was around $63.22 per barrel, oil prices fell on Thursday, and the number of initial unemployment claims in the United States fell last week, but as both labor supply and demand decreased, the employment market has become softer, and traders are still worried about the outlook for the US economy. Although the Fed's interest rate cuts have boosted demand expectations, market sentiment has remained cautious due to inventory data. The Fed cut its benchmark interest rate by 25 basis points on Wednesday and suggests continued easing may continue to occur throughout the year in response to signs of a slowdown in the job market. Generally speaking, a decrease in borrowing costs helps stimulate economic activity and energy consumption. Overall, the Fed's interest rate cut policy has provided certain support for oil prices, but the unexpected increase in U.S. refined oil inventories show fluctuations in downstream demand.. Although global demand has maintained moderate growth, there are obvious differences between regions. In the future, oil prices will continue to balance "policy easing boosts expectations" and "inventory and supply pressure".
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, and there has not yet been a continuous and powerful downward trend. It is expected that the medium-term trend of crude oil will remain weak and volatile consolidation pattern. The short-term (1H) trend of crude oil fluctuates and falls at a high level, oil prices repeatedly cross the moving average system, and the short-term objective trend is mainly fluctuating. Judging from the strength of the decline, it is in a weak secondary rhythm xm-forex.compared with the previous rise. According to the law of alternating primary and secondary, the subjective trend is bullish. The MACD indicator passes through the zero axis as fast and slow down, and the short momentum gradually becomes stronger. It is expected that there will still be a certain amount of room for correction in the day's crude oil trend, and we will find support to resume the upward trend. 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 65.0-66.0 line resistance at the top, and the short-term focus should be on the 62.5-61.5 line support at the bottom.
Friends who are interested in spot gold, silver TD, London gold, Shanghai gold, Shanghai silver, paper gold, and US crude oil investment, and have just entered the gold market, have severely shrunk funds and have poor returns, can find me. You can add Mr. He Bosheng, and I will provide you with reasonable operation plans based on your entry point and fund size. Since I don’t know where the point where your position is trapped is, I cannot give a corresponding strategy. It is recommended to bring your single position to find He Bosheng (WeChat: hbs6286 DingTalk: hbs6282). I will do my best to solve the problem for you.
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 and good investment returns allow every retail investor to find the real pleasure of investing, rather than 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 (WeChat: hbs6286 DingTalk: hbs6282). Due to the delay in network push, the above content is personal suggestions. 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 brings risks, reminding everyone to identify the authoritative platform, the strong teacher, and the safety of fundsFirst, consider operational risks second, and finally how to make a profit.
The above content is all about "[XM official website]: Analysis of today's market trends of gold and crude oil and suggestions for closing operations on Friday". It was carefully xm-forex.compiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
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