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9.1 Analysis of the trend of gold and crude oil market today and the latest operation suggestions today
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Analysis of the market trends of 9.1 Gold and crude oil today and the exclusive latest operation suggestions today". 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!
The latest gold market trend analysis:
Gold news analysis: Last Friday (August 29), the US Department of www.xmniubi.commerce released the July personal consumption expenditure (PCE) price index data, and the market responded quickly and www.xmniubi.complexly. Data shows that the PCE price index rose by 0.2% month-on-month in July, in line with expectations, with year-on-year growth remaining at 2.6%, the same as June; the core PCE price index (excluding food and energy) rose by 0.3% month-on-month, with year-on-year growth rising from 2.8% in June to 2.9%, slightly higher than market expectations. This data reflects that US consumer spending is still stable, but inflationary pressure has risen, especially the acceleration of core inflation, which has triggered heated discussions on the Federal Reserve's monetary policy path. Spot gold continued to expand its gains after a short-term rise, reaching a maximum of 3453. In the www.xmniubi.coming weeks, investors need to pay close attention to non-farm data, financial report quarterly performance and the latest statements of the Federal Reserve to determine whether the market can maintain resilience in the rate cut cycle. In any case, the current market is in a delicate balance, with existingThe support of economic fundamentals also has potential risks brought by inflation and policy adjustments, and traders need to remain highly vigilant.
The market focus this week will be on the US non-farm employment data for August on September 5, with 75,000 new jobs expected, and the unemployment rate may rise to 4.3%. Weak data may further push up interest rate cut expectations, which is good for gold prices; if the data is unexpectedly strong, it may trigger a short-term pullback. In addition, ISM Manufacturing and Services PMI, JOLTS job opening data, and OPEC+ meetings (which may affect oil prices and inflation expectations) will also provide guidance to the market. Further developments in Trump's tariff policies, especially the impact on India and Russia's oil trade, may continue to push up demand for safe-haven.
Gold technical analysis: Looking back at this round of rising market, the market last week mainly lies in "slow pace but solid foundation", and there is no momentum overdraft caused by too fast volume increase. After establishing 3120 as the correction low in May, the gold low continued to move upward. Even if the drawdowns such as 3245 and 3280 during the period, it was only a relay adjustment in the upward process. This repeated wash-up is not a signal of the end of the market, but rather a new support platform through rectification and construction, accumulating energy to launch a new round of upward attacks. It is a typical "elephant-like rise", which is stable and continuity.
For the next trend, we keep our bullish thinking unchanged. The 1-hour moving average continues to diverge with the golden cross, and the volume of gold bulls rising is still there. Gold's recent high of 3423 has been converted from pressure to support. Gold continues to go long at a low of 3423 this week. Gold bulls are now unstoppable and full of strength. There is no big negative in the short term, so it may be difficult for gold to make major adjustments, so it is better to go up with the trend. The market is changing rapidly, and the important thing is to follow the trend, and trends are king; plan your transactions, trade your plans, and how far a person can go, the key is to see who he is with. How much a person can achieve in the market depends on who he has to give him guidance. Overall, in terms of gold's short-term operation ideas today, 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 3470-3480 line resistance, and the short-term focus should be on the 3430-3420 line support.
The latest trend analysis of crude oil:
Crude oil news analysis: Last week (August 25 to August 29), the international crude oil market fluctuations intensified, and the price trends of Brent crude oil and U.S. crude oil (WTI) differentiated, closing at US$67.63/barrel and US$64.32/barrel respectively. Market sentiment is affected by multiple factors, including expectations of weak demand after the end of the US summer driving season, pressure from OPEC+ to increase production in the fall, and risk aversion caused by Trump's tariff policies and the situation in Russia and Ukraine. Although news about the Russian-Ukrainian conflict once pushed up oil prices, reports on ceasefire negotiations and expectations of increased supply put pressure on oil prices. This week's OPEC+ meeting and U.S. non-farm employment data will become the market focus, which may further affect oil price trends. Additionally, OPEC+ plans to increase supply in the fall, and the end of the U.S. summer driving seasonThe weaker demand expectations later puts ongoing pressure on oil prices. Traders made month-end adjustments to their portfolios last week, and low liquidity also amplified market volatility.
The market will focus on the OPEC+ meeting this week (following discussion after August 3), and is expected to confirm the plan to increase production by 547,000 barrels per day in September. US non-farm employment data (September 5), ISM manufacturing and services PMI, JOLTS job opening data and Canadian employment data will also provide clues to the demand outlook. Further developments in Trump's tariff policies, especially the impact on the trade in oil in India and Russia, may continue to trigger market volatility. Traders need to pay attention to the key support level of Brent at $60/barrel. If it falls below, it may further fall to the $50/barrel range; if geopolitical risks intensify, oil prices may rebound briefly above $70/barrel. Traders should be cautious and closely monitor data and policy dynamics.
Crude oil technical analysis: From a technical perspective, it will still be below the dense pressure range in the short term, with an important support for the day of US$63.50, if it falls below or further falls to US$62.80. The upper resistance is $64.80, and if it breaks through, it is expected to be measured at $66.00. RSI is neutral and weak, indicating that short-term short positions still have the advantage, but inventory data may limit downward space. Crude oil fluctuated upward on Thursday, with a low of 63.3 on the day and a high of 64.6 on the day. The daily line closed at 64.2 on the daily line and a pressure of 65 on the upper side. Focus on whether this position can break. The four-hour line shows range oscillation, hourly line, oscillation, and a short-term correction. Pay attention to 64 and 63 below. Overview of this week's operation ideas are mainly oscillation, and look at the 63-65 range first. 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 www.xmniubi.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 is risky, remind everyone to identify the authoritative platform, strong teachers, financial 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 Today's Market Trend of 9.1 Gold and Crude Oil and Today's Exclusive Latest Operation Suggestions". It was carefully www.xmniubi.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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