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11.10 Analysis of the rise and fall trends of today’s gold and crude oil prices and suggestions and guidance for Monday’s long and short operations
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Platform]: 11.10 Gold and Crude Oil Today's Market Up and Down Trend Analysis and Monday Long and Short Operation Suggestions and Guidance". Hope this helps you! The original content is as follows:
The investment market always has four levels: preserving principal, controlling risks, earning income, and long-term stable and sustained profits. Don't decide the outcome based on one day's winning or losing. Whether making money is accidental or inevitable, whether it is based on hard work or luck. Those who survive in the market must be the investors who can ultimately make sustained profits in the long term. Trading is a good habit and strictly implement your trading plan. A rigorous transaction = good mentality control + correct position control + excellent technical skills. Cooperation never involves forced buying or selling. Opportunities are reserved for those who are prepared. A correct choice is greater than a hundred times of effort. You believe the teacher, I will give you a satisfactory income, you just need it, I am just professional!
Gold latest market trend analysis:
Gold news analysis: Last Friday (November 7) spot gold strengthened slightly and remained within the familiar range of 3900-4050 US dollars. The prolonged U.S. government shutdown and cautious sentiment in global markets supported safe-haven buying to remain stable. Global stock market indexes fell slightly under the influence of weakness in U.S. technology stocks and artificial intelligence-related stocks, while cooling risk appetite provided modest support for gold. Investors are wary of lofty valuations and the possibility of further market corrections, prompting some funds to shift into defensive assets. Worrying signals about the U.S. economy, the ongoing government shutdown raising concerns about the potential economic impact, and signs of cooling in the labor market have all contributed to safe-haven buying of gold. However, traders are reassessing the outlook for the Federal Reserve's monetary policy, resulting in a lack of strong follow-on buying in gold. Recent data and cautious xm-links.comments from policymakers have plunged the market into uncertainty, and gold has generally remained range-bound heading into the weekend.
YellowGold technical analysis: Gold fluctuated and rose during the day last Friday. It rebounded in late trading and fell back after being blocked by the 4027 line, and finally closed the long shadow and Yang line. Last week, the 100-point range fluctuated, and the weekly line closed with a positive cross star. This week is still inclined to continue to fluctuate, with resistance near 4030. If this position does not break, the market will return to near the recent low. The market stabilizes at 4030. Continue to look at 4075 or even above 4100. The support below is this week's low of 3928. If it falls below the previous low of 3887, if there is no news impact on the weekend, it will still tend to rebound short on Monday. The 4-hour trend of gold shows a more positive short-term signal, and the trend is slowly forming a small ascending triangle pattern. However, the price is temporarily under pressure in the 4030 area, but the K line also gradually stands on the short-term moving average. This phenomenon tends to indicate that in the short-term trend, gold will maintain a strong operating trend. Therefore, this week we need to focus on the suppressive effect of the 4030 position. This position will become a key reference for judging the direction of the short-term trend. Once the position is broken, it will open a new upward channel, otherwise it will continue to run within the range. From the 1-hour line, gold's early shock upward trend has been broken, and it is now directly converted into the key suppression of gold's rise. However, the overall support level of gold below is at the position of 3965, so the subsequent rising space of gold will continue to expand, but you need to pay attention to the key support points and enter the market with normal positions. In terms of trading volume, the overall trading volume last Friday was relatively balanced, so we need to pay attention to whether there will be increased trading volume in the future, which means that the gold market will usher in a turning point. On the whole, today's short-term operation of gold, He Bosheng suggests to focus on the low and long rebound, supplemented by the rebound high. The upper short-term focus will be on the 4030-4050 first-line resistance, and the lower short-term will focus on the 3980-3960 first-line support.
Analysis of the latest crude oil market trend:
Crude oil news analysis: On Friday (November 7), U.S. West Texas Intermediate crude oil (WTI) rebounded slightly to around US$59.78/barrel, after falling for four consecutive trading days. Driven by geopolitical risks, oil prices recovered some of their losses. However, potential upside for oil prices may be limited amid growing concerns about oversupply. U.S. crude oil continued to rise by about 0.6% to $59.78/barrel; Brent crude oil continued to rise by about 0.4% to around $63.70/barrel. The latest report released by the U.S. Energy Information Administration (EIA) showed an unexpected surge in U.S. crude oil inventories. Crude oil inventories increased by 5.2 million barrels in the week ended October 31, much higher than the expected increase of 1.8 million barrels. The data intensified the market's concerns that crude oil supply remains sufficient, while global demand continues to show signs of weakness.
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 remain range-bound.Play the main part. The short-term (1H) trend of crude oil continued to decline, with oil prices hitting a low near 58.80. The moving average system effectively suppresses the rebound momentum of oil prices, and the short-term objective trend direction remains downward. The MACD indicator fast and slow line is running low below the zero axis, and short kinetic energy has the advantage. It is expected that the trend of crude oil during the day will remain mainly volatile and downward. On the whole, today's crude oil operation thinking is based on He Bosheng's suggestion to rebound from high altitudes, supplemented by rebounding lows. The top short-term focus is on the 61.5-62.5 first-line resistance, and the bottom short-term focus is on the 58.5-57.5 first-line support.
He Bosheng’s message: Investment is a long-term process, and it will always be accompanied by losses and gains. If you are discouraged because of a temporary loss, I think it is a pity. After all, temporary losses do not mean the failure of the investment. It can only mean that you have not managed the funds well during this period or have not really learned the ability to control the funds. I hope to help you find a way to successfully invest. The sense of achievement and the joy of victory! I think you should correct your mentality now, summarize the reasons for past failures, how to find a better teacher, and learn more about market trends. Leaving quietly will only cast a shadow on your psychology, and your psychology will leave permanent regrets! Instead of doing this, it is better to be bold, stay bravely, believe in yourself, and follow the teacher.
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 xm-links.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 xm-links.comes first, secondly consider operational risks, and finally how to make profits.
The above content is all about "[XM Foreign Exchange Platform]: 11.10 Gold and Crude Oil Today's Market Rise and Fall Trend Analysis and Monday Long and Short Operation Suggestions and Guidance". It is carefully xm-links.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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