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9.4 Analysis of gold and crude oil market trends and exclusive operation suggestions today
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Hello everyone, today XM Foreign Exchange will bring you "【XM Group】: Analysis of the 9.4 Gold and Crude Oil Market Trend and Exclusive Operation Suggestions Today". Hope it will be helpful to you! The original content is as follows:
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The latest gold market trend analysis:
Gold news analysis: On Wednesday (September 3), spot gold continued to rise during the US market, and it is currently trading at $3,562.79/ounce. At a time when the global economy is changing, gold, as a traditional safe-haven asset, once again demonstrates its unrivalled charm. On Tuesday (September 2), the spot gold price soared more than 1%, breaking through the all-time high of $3,500 per ounce in one fell swoop, reaching a high of $3,539.88 per ounce, and finally closed at $3,533.40 per ounce. This is not just a simple price fluctuation, but a profound response to weak U.S. economy, uncertain trade policy and global geopolitical risks. Since the beginning of this year, the cumulative increase of gold has reached 34.5%, far exceeding the performance of other assets. Manufacturing in the United StatesAgainst the backdrop of six consecutive months of shrinking, escalating tariff disputes and strong expectations of the Federal Reserve's interest rate cut, the strong rise in gold is not accidental, but a risk-averse option for investors' instinct for uncertainty. This trading day will be released on the monthly rate of factory orders in the United States in July and the opening of JOLTs positions in the United States in July. Several Federal Reserve officials want to make speeches, and investors also need to pay attention.
Gold technical analysis: Looking at the current market, we continue to be bullish. This is what we repeatedly emphasized at the end of the triangle. Wherever we break through, there will be a wave of unilateralism; and according to our video explanation on the weekend, the bulls have not yet reached our expected target area of 3650. On the other hand, at the time point, non-farm data and Fed interest rate resolution are two key nodes, and there is a possibility of a change in the market; before that, keep the bulls as the main one. According to the last wave of theory, even if the market wants to peak, it must fall below the starting point of the last wave of rise or the nearest key top-bottom conversion position. Another one is the operating rules we emphasize. The Asian market has changed from a downward wave to an Asian market rise or rise and fall, while the European market continues to play soy sauce; while the US market continues to maintain the pattern of rebounding or rising sharply at around 9 pm in the past two weeks; then before this rule is broken, the bull trend remains unchanged. At present, the last wave of gold's starting point has risen to the 3475-3470 area, with the key top-bottom conversion position, the daily level is 3450 area, and the intraday small level is 3500-3508 area.
www.xmniubi.comprehensive the above, intraday operations are recommended to focus on low longs and high altitudes as supplement. For support, pay attention to the early low of 3526. The above will help the bulls to test and break through 3546. If the bears are taken down, focus on the 3505-3500 area. This is the dense support area of the current technical form, so when the gold price is close or touches, you need to decisively place long positions. As for resistance, focus on the 4-hour Bollinger band upper rail 3555-3560 area. If gold prices rise above 3526 during the day, short positions can only participate at the opportunity when they hit resistance for the first time, and they must be prepared for long breakthroughs at any time. If gold prices fall below 3526 first, the possibility of breaking through the historical high of 3546 during the day will be ruled out. At that time, short positions will need to actively deploy at 3538 or above. 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 3575-3585 line of resistance, and the short-term focus should be on the 3545-3535 line of support.
The latest trend analysis of crude oil market:
Crude oil news analysis: During the Asian session on Wednesday, international oil prices remained stable overall. Brent crude oil fell slightly by 0.01% to $69.13 per barrel; US West Texas Intermediate crude oil rose by 0.06% to $65.63. On the previous trading day, the United States announced new sanctions on a shipping network involving the Middle East and the Caribbean for suspected export of Iranian crude oil through disguised methods. Driven by this news, international oil prices rose by more than 1%. Overall, oil prices are short-termThe performance was strong under the double support of internal sanctions and decline in stocks, but weak economic data has cast a shadow on the demand outlook. The key variables in the future lie in OPEC+'s policy stance and the pace of global economic recovery. If the downward trend in inventory continues, oil prices may gradually rise; but if the economic slowdown intensifies, insufficient demand will become an important resistance to limit the upward trend.
Crude oil technical analysis: From the daily chart level, after the K-line continues to close and stop, it forms a bottom of a narrow range, and the oil price gradually crosses 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 has formed a certain repetition, and oil prices hit a new high of 66. Yesterday, the North American market experienced rapid rise and fall alternation. Under the support of the moving average system in the morning, the short-term objective trend direction was upward. The momentum of bears is strong, but it is still locked by the bulls. It is expected that the crude oil trend will continue to rise during the day. 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 high-altitude as the auxiliary. 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 62.5-61.5 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 Group】: Analysis of the 9.4 Gold and Crude Oil Market Trend and Today's Exclusive Operation Suggestions". It was carefully www.xmniubi.compiled and edited by the XM Forex editor. I hope it will be helpful to your trading! Thanks for the support!
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