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12.10 Gold and crude oil fell sharply, the latest market trend analysis and today’s exclusive operation suggestions and guidance
Wonderful introduction:
Optimism is the line of egrets that go straight up to the sky, optimism is the thousands of white sails on the side of the sunken boat, optimism is the luxuriant grass blowing in the wind at the head of Parrot Island, optimism is the little bits of falling red that turn into spring mud to protect the flowers.
Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Official Website]: The latest market trend analysis of gold and crude oil falling sharply on 12.10 and today's exclusive operational advice and guidance." Hope this helps you! The original content is as follows:
In terms of operation, we must strategically despise the market, and in terms of tactics, we must pay attention to the market. We must remain clear-headed about the current market situation. The market is neither permanently long nor permanently short. We should do fluctuations in the short term, swings in the mid-term, and trends in the long term. We are constantly looking for recurring transactions that can make repeated profits. For trading, it is necessary to clarify the long and short signals and enter the market decisively. The transaction should tend to the first trend and guard against the second trend. If you make a mistake, you must pay attention to the third trend. You can ride the waves of the golden sea and win with the rhythm! The gold and crude oil market is a game for the wise and a paradise for the brave. Follow the rhythm, operate in the band, put safety first, control risks, make money stably, and continue to make profits.
Analysis of gold’s latest market trends:
Gold news analysis: As investors remain cautious before the Federal Reserve’s monetary policy meeting, the market expects the Federal Reserve to cut interest rates or be hawkish, waiting for clear signals about the future path of interest rates; gold performed relatively calmly at the beginning of the week yesterday, and traders were reluctant to open new positions before the Federal Reserve announced its interest rate decision on Wednesday. The U.S. dollar index (DXY) was trading around 99.07 during the session, rebounding slightly after falling as low as 98.79 during the morning Asian trading session. At the same time, the yields on U.S. Treasury bonds are on an overall upward trend, with the benchmark 10-year Treasury bond yield currently close to 4.180%, which is the highest level since September 26. The trend of international gold prices was calm last week. While consolidating recent gains, investors are waiting for clear directions from major central bank interest rate meetings in the xm-forex.coming weeks. Although gold is still in an upward trend, as bearish reasons mount, including rising bond yields, the outlook for gold is becoming more uncertain.Gradually increase.
Gold technical analysis: From a technical point of view, although gold is still in an upward trend, its momentum is undoubtedly fading, which has also cast a shadow over the outlook for gold. Once the key support level falls, gold prices will easily fall into short-term fluctuations. At present, we need to focus on the 4175-4200 range, which is the location of the physical part and low point of gold prices in the past few trading days. If gold prices effectively fall below this range, the short-term trend line and the $4,100 integer mark will once again become the focus of the market - this price is not only an important psychological mark, but also the starting point of this latest rally. On the upward direction, the resistance level is located in the 4220-4270 range. This range was the starting point for gold prices' previous declines, and the market's many attempts to regain this area ended in failure. If the bulls can break through this resistance range strongly, gold prices are expected to once again attack historical highs. During the day, we will continue to focus on going long after stepping back. On the whole, today's short-term operation of gold, He Bosheng recommends to focus on the low and long prices, supplemented by the rebound from high altitudes. The top short-term focus is on the first-line resistance of 4220-4240, and the bottom short-term focus is on the first-line support of 4170-4150.
Analysis of the latest crude oil market trend:
Crude oil news analysis: The market has paid increasing attention to India's continued absorption of crude oil from Russia, especially in the context of energy crunch. This factor has effectively supported short-term prices. Supply tightening factors have strengthened again. Ukraine's recent actions against Russian energy facilities have once again exacerbated supply fluctuations, with CPC terminal loading in the Black Sea region being blocked, further supporting physical crude oil prices. From the overall structure point of view, the oil market is currently in a state of "tight in the short term and loose in the long term." Short-term prices are driven more by geopolitical events and supply disruptions, while mid- to long-term trends are dominated by global production growth. If the agency's monthly report confirms a pattern of oversupply in the future, oil prices may face correction pressure after rebounding. The key to the xm-forex.coming weeks, therefore, will be whether geopolitical risks continue to intensify supply disruptions and whether major oil producers adjust their production strategies to stabilize prices.
Crude oil technical analysis: From the daily chart level and from the local level, the current oscillation rhythm of crude oil is a minor one, with the K-line yin and yang alternating repeatedly, testing towards the early low near 56. The MACD indicators are intertwined near the zero axis, the short performance is weak, and the 56 strong support level is broken, then the crude oil trend will enter a downward rhythm in the mid-term. The short-term (1H) trend of crude oil fluctuated upward, and the overall trend remained within a wide upward channel. The subjective trend is upward. Judging from the objective trend, the short-term trend direction has not yet shaken off the shock pattern. The MACD indicator opens downward above the zero axis, and the upward kinetic energy of the bulls shows a weakening signal. It is expected that after the crude oil trend experiences fluctuations during the day, the probability of eventually going down is high. On the whole, today's crude oil operation thinking is based on He Bosheng's suggestion to mainly rebound from high altitudes, supplemented by falling back to lows. The top short-term focus is on the first-line resistance of 60.0-61.0, and the bottom short-term focus is on the first-line support of 57.5-56.5.
Message from He Boxheng: Tea can intoxicate people, Buddha can help people. Investment has only one purpose, which is to make more money, in order to make the people around you live a better life. No one’s money is blown by the wind or picked up for free on the road. This market does not lack teachers. What it lacks is a conscientious teacher, a teacher who is responsible and considers problems from the perspective of the customer. I will share weal and woe with you, advance and retreat together, and a responsible teacher can walk into your heart and know what you need. My principles of life: tell the truth and do your conscience! I am a principle in placing orders. We will watch before the point is reached, and we will do it when the point is reached! Customize different investment plans for different customers.
This article is exclusively planned by He Bosheng, a gold and crude oil analyst. Due to the delay of network push, the above content is personal advice. Due to the timeliness of online publishing, the suggestions in this article are for learning reference only. You should operate at your own risk. Regardless of whether the views and strategies of the article agree with others, you can xm-forex.come to me to discuss and learn together! Nothing is difficult in the world, as long as there are people who are willing. Investment itself carries risks. I remind everyone to look for authoritative platforms and powerful teachers. Fund safety xm-forex.comes first, secondly consider operational risks, and finally how to make profits.
The above content is all about "[XM Foreign Exchange Official Website]: 12.10 Gold and Crude Oil Dropped Sharply, Latest Market Trend Analysis and Today's 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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