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9.5 Analysis of the latest trends of gold and crude oil market and today's exclusive operation suggestions and guidance
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Hello everyone, today XM Foreign Exchange will bring you "【XM official website】: Analysis of the latest market trends of 9.5 gold crude oil and exclusive operating suggestions and guidance 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!
Analysis of the latest trend of gold:
Analysis of gold news: On Thursday (September 4), spot gold fell back by more than 1% at a high level during the Asian and European period, ending seven consecutive positive momentums. The rapid pullback of gold prices was attributed to the recent continuous historical highs of gold and profit-taking demand. Coincidentally, global bond markets have been selling out one after another recently, interest rates have soared, and the rise in gold and the sell-off of bonds are releasing potential danger signs. Even if the systemic risks are not triggered at the moment, it has sounded the alarm for the capital market that has made great profits in recent years. Although the current global bond market has stabilized slightly after a sharp drop, long-term yields still hit new highs, and the hidden financial concerns of various countries are still covered with dark clouds and have not dissipated.
Affected by the geopolitical situation and the Federal Reserve's expectation of interest rate cuts, gold continued to soar. International spot gold rose for seven consecutive trading days, approaching $3,580/ounce in the early morning, and fell back at the end of the trading day. The big positive line above the daily line closed at $3,559.13/ounce. New York gold continued to set a new record high, stabilizing at $3,600/ounce.above. International spot silver broke through $41/ounce, with a maximum of $41.462/ounce, setting a new high since 2011 again. The daily line above the positive line was $41.22/ounce. The U.S. APD employment data and initial unemployment claims data will be released tonight. The US non-farm employment data will be released tomorrow. The market is paying close attention to non-farm employment data because non-farm data will have a significant impact on the Federal Reserve's interest rate resolution in the middle of the month, and it is related to a series of issues such as the extent of interest rate cuts and the path to interest rate cuts.
Gold technical analysis: Gold rose slightly near 3533 yesterday and hit the 3547 line and fluctuated and fell, consolidating at the lowest level of the 3525 line. During the US session, the market broke through the pressure of 3550 and reached the highest level of 3578 line and fell back. The daily line finally closed with a large positive line with a long upper shadow line. At present, it is still running more often. According to the previous 4-hour closing line pattern, there is a demand for a pullback in the short term, because only after the negative line correction occurs can it continue to be bullish, so it is relatively simple in the morning, and the negative line retreats to a small support of 3540. The middle track of gold in this cycle is currently moving upwards by 3532, followed by 3524-3532. If you hold on to 3524-3532, you will maintain a strong bullish unilateral position. If you accidentally lose it, you will move downward to support 3508. As long as you stabilize it, you will still stabilize on lows and continue to be bullish.
There are obvious that most of the bulls have taken profits in the morning of today, causing gold to continue to fall from historical highs, and once reached around 3510, which is likely to become a signal that gold will start to retreat tonight. Although it is not possible to know what the adp data will be like tonight, judging from the trends in the first few days of this week, it is obvious that it is to expand the space and make some preparations for the subsequent retracement. Judging from the hourly line, the current suppression position above is almost at 3555-3560, so as long as you cannot return to above 3560 tonight, you will definitely short again. Overall, in terms of gold's short-term operation ideas today, He Bosheng recommends that rebound short selling be the main focus, and return to the low long as the auxiliary focus. The short-term focus on the 3560-3570 line of resistance above, and the short-term focus on the 3530-3520 line of support below.
The latest trend analysis of crude oil market:
Crude oil news analysis: On Thursday, international oil prices continued to decline, continuing the decline of more than 2% in the previous trading day. Brent crude oil futures fell 0.40% to $67.33 per barrel; US West Texas Intermediate crude oil (WTI) fell 0.44% to $63.69 per barrel. Market sentiment is cautious, and investors generally focus on the OPEC+ meeting this weekend. According to market research, eight member states within OPEC+ will discuss whether to further increase production targets in October at a meeting on Sunday. Previously, the organization had decided to gradually increase production by 2.2 million barrels per day from April to September, and to increase the quota of 300,000 barrels per day for the UAE. Judging from the current situation, the decline in oil prices is mainly affected by the dual impact of potential increase in OPEC+ and the unexpected rise in US inventory.If OPEC+ finally chooses to continue to increase production and US demand recovers less than expected, oil prices may be under pressure in the short term. However, the strong performance of oil prices in the Middle East shows that regional supply and demand still have support, and the future oil price trend may seek a new balance between the pace of OPEC+ production increase and changes in US inventory.
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 fell downward, and oil prices returned to below 64. The short position is arranged in the moving average system, and the short-term objective trend direction is downward. The MACD indicator passes through the zero axis and runs at a low level, and the short-selling momentum is sufficient. It is expected that the probability of crude oil trend fluctuating downward during the day is relatively high. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that rebound high altitudes should be the main focus, and the retracement should be the low long as the auxiliary. 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 62.0-61.0 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 official website】: Analysis of the latest market trends of 9.5 gold and crude oil and today's exclusive operation suggestions and guidance". It was carefully www.xmniubi.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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