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10.30 Gold and crude oil fluctuate and fall, latest market trend analysis and today’s exclusive long and short operation suggestions
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Decision Analysis]: 10.30 gold and crude oil shock and fall latest market trend analysis and today's exclusive long and short operation suggestions." Hope this helps you! The original content is as follows:
For the recent ups and downs of the market, repeated long and short conversions, many investment friends are caught off guard, or do not know where to start. They fall as soon as they buy, rise when they exit, and continue to lose orders back and forth. In fact, this is what happens to many novice friends. I would like to tell you that when doing transactions, first of all, do not operate frequently, and secondly, you need to have a good understanding of the market. Accurate control and sticking to your own trading system, of course, are all empty talk for some novice friends. After all, they have just entered the market and do not have a strict trading plan. Most of them are chasing the rise and killing the fall, resulting in serious losses. If you are in the same situation when you read the article at this moment, you can consult me for www.xm-forex.communication. I can help you point out all the problems in the order, so that you can avoid detours in the transaction process.
Analysis of the latest gold market trends:
Analysis of gold news: On Wednesday (October 29), spot gold staged a thrilling roller coaster market. During the Asian and European trading sessions, driven by both risk aversion and expectations of an interest rate cut by the Federal Reserve, gold prices soared by nearly 2% and successfully reached the integer mark of US$4,000, hitting an intraday high of US$4,029.90 per ounce. However, the good times did not last long. The Federal Reserve cut interest rates by 25 basis points as scheduled. However, Fed Chairman Powell's "hawkish" statement at the press conference was like a bucket of cold water that dampened the enthusiasm of bulls. The price of gold quickly gave up all the gains and turned downward, reaching a minimum of $3,916.56 per ounce and closing at around $3,930, a one-day decline of about 0.57%.
In addition, senior Chinese and American officials have finalized the framework of a potential trade agreement, and Trump and Chinese leaders are expected to meet in South Korea on Thursday, which makes the market full of expectations for the easing of trade tensions. Wall Street's three major stock indexes subsequently hit record highs again. The Dow Jones Industrial Index rose 0.34% to 47706.37 points, the S&P 500 Index rose slightly by 0.23% to 6890.89 points, and the Nasdaq Index rose 0.8% to 23827.49 points. The shares of technology giants such as Nvidia soared 5%, with the market value approaching the US$5 trillion mark. Microsoft also rose 2% intraday due to its restructuring agreement with OpenAI. In such an optimistic atmosphere, the safe-haven demand for gold has dropped significantly.
Gold technical analysis: From a technical point of view, the daily line closed with a long upper shadow line, the price fell below the lower edge of the recent shock range, and the 5-day moving average and the 10-day moving average formed a dead cross to suppress it. On the 1-hour chart, the moving average system diverges downward. Although the MACD indicator shows signs of a weak golden cross, the red column has insufficient momentum and has not yet formed an effective rebound signal. The Bollinger Bands are opening and expanding, and the price is running near the lower track, indicating that short forces are still dominant. The short-term resistance above the key point is focused on $3,950 (the center of yesterday's shock), and the strong resistance is at the integer mark of $4,000; the support below is first at $3,910 (near the intraday low), and the strong support is at the psychological mark of $3,900. Don’t rush to buy the bottom yet, you need to wait for the bottom signal to be clear before placing long orders. On the whole, today's short-term gold operation thinking is He Bosheng's suggestion to mainly rebound from high altitudes, supplemented by falling back to lows. The top short-term focus will be on the first-line resistance of 3980-4010, and the bottom short-term focus will be on the 3910-3880 first-line support.
Analysis of the latest crude oil market trend:
Crude oil news analysis: International oil prices fell for the third consecutive day, and investors are reassessing the potential impact of US sanctions on the Russian oil supply chain. During the Asian session on Wednesday, Brent crude oil prices fell below $65 per barrel, down more than 2% from the previous few days, while U.S. WTI crude oil remained near $60 per barrel. In the United States, the latest industry data showed that national crude oil inventories fell by about 4 million barrels, while gasoline and distillate inventories also fell. However, inventories at the Cushing, Oklahoma, oil storage hub have risen, showing regional supply and demand divergence. The overall market sentiment remains pessimistic. Oil prices have fallen for three consecutive months as investors worry about a possible global supply glut. OPEC+ is about to hold a meeting this weekend, and the market is generally expected to approve a plan to further increase production.
Crude oil technical analysis: Looking at the daily chart of crude oil, the oil price touched the K line near 56 and closed three positive lines in a row, reducing the early downward decline. Oil prices cross the moving average system up and down, and the mid-term objective trend enters a volatile pattern. The MACD indicator opens upward below the zero axis, indicating that short momentum has weakened. It is expected that the trend of crude oil will pick up in the medium term, and the overall trend will mainly maintain a range-bound oscillation rhythm. After the short-term (1H) crude oil trend fluctuated and adjusted, it failed to continue the upward trend and turned downward. The moving average system diverges downward, and the short-term objective trend direction is downward. The MACD indicator is below the zero axis, and the short momentum has become stronger. Oil prices were below the moving average in early tradingIt is expected that the price of crude oil will fluctuate next time, and it is expected that there will still be some room for downside in the trend of crude oil during the day. On the whole, today's crude oil operation thinking is based on He Bosheng's suggestion to rebound low and long, supplemented by rebounding high. The top short-term focus is on the 62.5-63.5 first-line resistance, and the bottom short-term focus is on the 59.0-58.0 first-line support.
He Boxheng’s message: I have no fancy language here, only real transactions and clear operations. The market has only one direction, neither long nor short, but the right direction. Reasonable risk control + good investment returns allow every retail investor to find the real joy of investing, instead of having to deal with daily hardships in exchange for increasing losses. I have always believed that choice is more important than hard work. In addition to bringing profits to customers, a good instructor and a good technical team should also be responsible to customers. Individual investors, facing the market on their own, can easily become obsessed with the authorities and be caught off guard when encountering sharp rises and falls. However, if there is someone outside the circle who can see the situation clearly and give direction, they can do better.
This article is exclusively planned by He Bosheng, a gold and crude oil analyst. Due to the delay of network push, the above content is personal advice. Due to the timeliness of online publishing, the suggestions in this article are for learning reference only. You should operate at your own risk. Regardless of whether the views and strategies of the article agree with others, you can www.xm-forex.come to me to discuss and learn together! Nothing is difficult in the world, as long as there are people who are willing. Investment itself carries risks. I remind everyone to look for authoritative platforms and powerful teachers. Fund safety www.xm-forex.comes first, secondly consider operational risks, and finally how to make profits.
The above content is all about "[XM Foreign Exchange Decision Analysis]: 10.30 Gold and Crude Oil Shock and Fall Latest Market Trend Analysis and Today's Exclusive Long and Short Operation Suggestions". It is 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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