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9.15 Gold and crude oil opening trend analysis and latest exclusive operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Analysis of the opening trend of 9.15 gold crude oil on Monday morning and the latest exclusive operation suggestions". Hope it will be helpful to you! The original content is as follows:
Same market, different guidance, different life. The characteristic of novices is that they do not understand technology and enter the market blindly. They only consider one issue each time they trade: they think that as long as they predict the market's rise and fall, they can make this transaction. This approach of focusing on direction and ignoring position has caused traders to fail. In fact, there is a big difference between the "momentum" and the "direction" that follow the trend, because the direction of the market's movement is in a volatile pattern, and the market trend is often global. What I can do here is to help you control your position reasonably, place orders using support and resistance levels, so that every order has reasonableness and traces to follow. The buying and selling points should not enter the market at will, please be responsible for your own funds. If you really can't grasp the market, you can www.xm-forex.come to find me. There will be no loss for you if you have an extra analyst. Always remember one thing: professionals do professional things, and all practical things are only for profits, and cooperation is only for win-win results.
The latest gold market trend analysis:
Gold news analysis: Gold prices rose last Friday, approaching the record high set earlier last week, and signs of weak U.S. labor market strengthened expectations that the Federal Reserve will cut interest rates for the first time this year. Spot gold rose 0.4%, close to the record high of $3673.95 set last Tuesday, with the fourth consecutive weekly gains, up 1.56% last week. US gold futures for December delivery closed 0.3% higher, with a settlement price of US$3,686.40. So far this year, gold prices have risen by 39%. Recent data show that the number of initial unemployment claims in the United States has increased significantly, while non-farm employment data is weak, with employment in the 12 months to March911,000 jobs have been revised down, which all imply that the economic momentum is cooling down.
Gold technical analysis: Judging from the daily gold chart, since the probability of the Federal Reserve's interest rate cut is rising, it has had a strong positive effect on gold prices in the short term, so there has been a continuous increase this week and has successfully broken through the 3,600 mark. At this stage, the moving average group has a perfect long arrangement and has also kept up with the price position. The market will provide obvious support and protection in the future, so it is not ruled out that it will continue to fluctuate upward before the interest rate resolution is announced. Judging from the 4-hour gold chart, after hitting a historic high of around 3673, the market finally showed a high profit-taking mentality, which led to a decline in gold prices, but the range is still limited. At present, the focus will shift to next week's Federal Reserve resolution. At this stage, the short-term moving average group is basically in place, and the important support for the future market will be around MA20. In addition, you must also beware of the top divergence of the MACD indicator, so it is recommended to rebound and short sellers to prevent a high-level deep pullback and decline. Pay attention to the resistance of 3655-3660 above. Overall, in terms of short-term operation ideas of gold on Monday, He Bosheng suggested that rebounds are mainly high-altitude and rebounds are supplemented by low-long support. The short-term focus on the upper short-term focus on the 3655-3660 line of resistance, and the short-term focus on the 3630-3625 line of support.
The latest trend analysis of crude oil:
Crude oil news analysis: Last Friday, Brent crude oil futures fell 0.45% to $66.07 per barrel, while the US West Texas Intermediate crude oil (WTI) fell 0.5% to $62.00. In the previous trading day, Brent and WTI have fallen by 1.7% and 2% respectively, indicating that market sentiment is still under pressure. The International Energy Agency (IEA) pointed out in its monthly report that driven by OPEC+ production increase plan, global supply growth rate will be faster than expected in 2025. Meanwhile, OPEC maintained its monthly report on high global demand growth forecasts for 2025 and 2026, emphasizing that the global economy maintains a steady growth trend. OPEC+ decided to further increase production quota from October at its latest meeting, while Saudi Arabia clearly hoped to regain market share by increasing production. The oil market is currently in a dual game of "increasing supply and doubts about demand". OPEC+'s production increase and Saudi Arabia's efforts to seize market share have deepened expectations of oversupply. The rising US inventory and weak consumption data also make the demand side lack support. Although the Fed may cut interest rates to be positive for oil prices in the medium and long term, in the short term, oil prices are still facing downward pressure, especially market confidence is gradually turning to cautious.
Crude oil technical analysis: From the daily chart level, crude oil has been continuously closed and stopped, forming a narrow range bottom, oil prices repeatedly cross the moving average system, and the medium-term objective trend fluctuates pattern. Oil prices fell below the lower edge of the range on Monday, and there has not yet been a continuous and powerful downward trend. It is expected that the medium-term trend of crude oil will remain weak and volatile consolidation pattern. The short-term (1H) trend of crude oil ended, and oil prices turned around and fell and returned below 62. Moving average systemIt is a short-term objective trend direction, and the direction of short-term trend is downward. The MACD indicator opens its mouth downward below the zero axis, and the short-selling momentum is full. The early trading trend is still in the downward rhythm of the main trend, and oil prices continue to hit lows. It is expected that the crude oil trend will continue to decline during the day, with limited space. Overall, in terms of crude oil's operational ideas on Monday, He Bosheng suggested that rebounding at 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 64.0-64.5 line resistance at the top, and the short-term focus should be on the 61.5-61.0 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.xm-forex.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 Platform]: Analysis of the opening trend of 9.15 gold and crude oil on Monday morning and the latest exclusive operation suggestions". It was carefully www.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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