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9.3 When will gold rise strongly and break through a new high fall? The latest operation suggestions for today's crude oil market
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: When will the 9.3 gold rises strongly and breaks through the new high? The latest operation suggestions for crude oil market today." Hope it will be helpful to you! The original content is as follows:
Written for you who are investing, first, you must know how to analyze a market trend in the market; second, you must know how to control risks. As an investor, you must maintain a good mentality. You must rely on seven-point mentality and three-point technology to do foreign exchange. Positive people see an opportunity in every distress, while negative people see a certain kind of anxiety in every opportunity. In the face of violent fluctuations in the market, we must seize every opportunity. What is important in foreign exchange investment is not how much you can make at one time, and when you find that the profits of multiple times are not enough to make up for a loss, perhaps you will understand the importance of stability. If you want to gain a long-term foothold in the international market of foreign exchange, it is not luck. We will work hard together on the road to investment!
Analysis of the latest gold market trend:
Analysis of gold news: During the US session on Tuesday, gold prices continued to rise strongly, and XAU/USD once broke through the psychological mark of US$3,500, setting a record high. Market expectations for the Fed's 25 basis points cut rate in September have increased, and according to the CMEFedWatch tool, the probability of interest rate cuts has risen to 89%, an important factor driving gold inflows. In addition, Trump's dismissal of Federal Reserve Director Lisa Cook has caused market concerns about the independence of the Federal Reserve and has increased the efforts to buy safely. At the same time, the uncertainty of US tariff policies, the Russian-Ukrainian conflict and the escalation of the Middle East also provide additional support for gold. The moderate rebound of the dollar has failed to effectively weaken gold's upward action. Gold currently benefits from the dual support of the Federal Reserve's expectation of interest rate cuts and safe-haven funds. There may be pressure to consolidate in the short term, but the overall trend is still relatively large. Pay attention to this week's US ISM Manufacturing PKey data such as MI and non-agricultural products are used to determine the direction of gold prices in the next stage. If the data is weak, it will further support gold; if the data is strong, gold prices may pull back to the US$3475-3440 area to find support.
Gold technical analysis: Gold broke through a historical high yesterday, but the market may usher in adjustment in the next step. However, the overall trend is still dominated by bulls and is expected to rise again after adjustment. If gold prices break through the key area of $3,510, the next target will be to $3,550 to $3,580. Gold prices are still in a strong stage. Continuing Monday's view, we continue to be bullish in the bullish trend, but we need to wait for the adjustment to confirm before entering the market to go long. From the perspective of the daily line cycle, there is only one relatively high above 3550. If there is an adjustment and fall, focus on the gains and losses of the 3465 support level. As long as the point in this area is not broken, the gold price will remain strong and there is still room above it; but if it falls below 3465, it may enter a short-term adjustment. Therefore, in this strong market, even if it is bullish, you need to be patiently waiting for the adjusted long opportunities.
From the 4-hour gold chart, yesterday's gold price was under pressure at 3490, and then continued to fluctuate and consolidate. The price rose above 3500 this morning. At present, the two lines of the MACD indicator are still in a golden cross running state, and the moving average cluster shows a bullish arrangement, indicating that the bulls temporarily take over the trend. It should be noted that gold prices have a sharp retracement after they stand above 3500. If the lower bottom falls below the 3470 line, the trend will turn to a weak point. Gold accelerated its rise after breaking through the previous resistance of US$3,440, and closed up for six consecutive days to highlight the strong momentum of bulls. The daily RSI indicator is close to slightly overbought, indicating that there may be consolidation or a slight pullback in the short term. If the gold price cannot stabilize above US$3,500, it may fall back to the range of US$3,475-3,440 to seek support. As long as the gold price remains above $3,440, the medium-term upward trend will remain effective, otherwise it will end this rebound. 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 on the 3550-3560 line resistance, and the short-term focus on the 3510-3500 line support.
The latest trend analysis of crude oil:
Crude oil news analysis: During the US trading session on Tuesday, international crude oil prices rebounded. Brent crude rose to $68.35, while WTI rose to $64.82. WTI futures failed to settle on Monday due to the Labor Day holiday in the United States. According to market estimates, the recent Ukrainian attacks have caused Russia's refining capacity to be shut down by about 1.1 million barrels per day, equivalent to 17% of the country's total refining capacity. Ukrainian President Zelensky said he would continue to launch a deeper crackdown on Russian energy facilities to weaken its economic base. Meanwhile, Russia has stepped up air strikes on Ukrainian energy and transportation facilities. At present, the oil price trend is showing a pattern of "support concerns and pressure on trade frictions". The impact of the Russian-Ukrainian conflict on energy facilities has significantly increased supply risks, while US tariffs on India may weaken demand. In the short term,The market will rely highly on the signals released by OPEC+ conferences to determine the direction of prices.
Crude oil news analysis: From the daily chart level, crude oil has been continuously closed and stopped, forming a narrow range bottom, and oil prices gradually cross the small-level moving average, and the overall situation is still suppressed, and the medium-term subjective trend is downward. From the perspective of kinetic energy, the MACD indicator forms a golden cross below the zero axis, indicating that the action energy gradually weakens signal appears, and it is expected that the medium-term trend of crude oil will remain downward. The short-term (1H) trend of crude oil broke through the upper resistance of the range and hit a new high price. Judging from the strength of the breakthrough, there is no upward trend of a certain strength. In the early trading, oil prices fluctuated and consolidated in a narrow range, and were supported by the moving average system, and the short-term objective trend was on the rise. The MACD indicator is above the zero axis, and the bulls have the advantage of momentum. It is expected that the intraday crude oil trend will continue to rise. 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 67.0-68.0 line resistance at the top, and the short-term focus should be on the 64.0-63.0 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 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 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]: When will gold rise strongly and break through a new high? The latest operation suggestions for crude oil market today" is carefully www.xmniubi.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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