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4.9 Analysis of the latest market trends of gold and crude oil and the layout of exclusive operation suggestions today
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Hello everyone, today XM Foreign Exchange will bring you "【XM Official Website】: Analysis of the latest market trends of 4.9 gold and crude oil and the exclusive operation suggestions layout today". Hope it will be helpful to you! The original content is as follows:
Those who save yourself can save others. The hard thing is not that you make profits every day, but how to solve it when you are in adversity. Human will will be shaken with the passage of time and the influence of objective things. In good times, you must seek internally. Only those who know themselves can be wise and go to a higher point. In adversity, you must seek internally. Only when you are strong can you overcome the enemy and win! All external roots xm-links.come from our inner self! We cannot change the uncertainty of objective things, but we can only follow objective things from the beginning to the end. Only by going further! The so-called law is actually the fait accompli in historical data! Human nature is difficult and easy, so history will repeat itself! Just like spring, summer, autumn and winter, four seasons of reincarnation, birth, old age, sickness and death, joy, anger, sorrow and happiness! The same is true for the market! Because the essence of the market is the game of human nature!
The latest gold market trend analysis:
Gold news analysis: On Tuesday (April 8), spot gold fell slightly, and is currently trading around $3,005.67/ounce. Gold prices fell nearly 2% on Monday, down for three consecutive trading days, with an intraday low of $2,956.67 per ounce, closing at $2,981.86 per ounce. Investors turned to the dollar as a safe haven after the US full imposition of tariffs triggered concerns about a global recession. However, given the severe economic situation, analysts are still bullish on gold and there are still some buying on dips to support the gold price. It should be noted that although Fed Powell did not say the Fed is eager to resume rate cuts, federal funds rate futures traders have increased their bets on the number of rate cuts this year. Traders are currently expecting a 95 basis point cut by the end of the year, with the first rate cut most likely in June, down from the 122 basis point cut price a few hours ago. The market believes that the United States isThe likelihood of a rate cut in May is about 57%. Rate cuts will increase the attractiveness of non-interested gold. The focus of the U.S. economy this week will be the March consumer and producer price reports released Thursday and Friday respectively.
Gold technical analysis: Looking at the current market, there are two issues that international gold needs to discuss recently. One is whether the trend of gold is bulls or bears, and the other is whether the trend of gold is bottoming out. It is easier to make the subsequent transactions around these two issues. First of all, after the recent surge and plummeting gold, the gold cycle has maintained a bullish trend for the time being. This has not changed for the time being. The gold fell from 3168 to 2956 now. Although there is a lot of room, you need to know how much room there is in the gold rise cycle. This decline is only considered adjustment for the large cycle, and the upward trend has not been destroyed. Therefore, the gold market will continue to rise in the trend in the future. Second, gold has not yet bottomed out during the adjustment cycle. 2956 is the current low point. If the decline continues before Wednesday, you may see around 2920/2910 below. This point may be the low point for the adjustment of this gold decline. However, if gold rebounds firmly on the double suppression of 3055 before Wednesday, 2955 may also be the low point, so it remains to be determined whether the market bottoms out for the time being. Since the direction of the big cycle maintains a bullish trend, but has not yet bottomed out, it is a weak state. Therefore, you must be extremely careful when trading gold for the time being.
From a technical perspective, during the daily line structure, during this fall adjustment, the daily line closed three large negative lines. According to historical laws and technical analysis theory, after a continuous sharp drop, the market often rebounds to a certain extent. This trading day is the fourth trading day since the fall. Whether it is suitable for rebounding and closing positive? If the daily line closes positive on Tuesday, then you must consider stopping the decline this week. You can place long positions on Wednesday and Thursday to see the change space of the trading market. If the negative continues to close on Tuesday, go to the 2920 and 2910 areas below. The 4-hour chart also needs to look at the continuity. Currently, the rebound is 2955 and has been continuously positive. There may be three consecutive positives in the Asian and European sessions. Pay attention to the short-term suppression of 3015 above. If you stand firm above 3015, you will not be that weak. Moreover, the possibility of this breakdown is very high, so gold may bottom and rise on Tuesday. Of course, https://xm-links.comTo have the previous unilateral big increase, gold needs to stand firm above 3055. Based on the above, pay attention to the 2980 area for the lower support, and continue to look at the 3015 and 3025 area above, and focus on the 2963 area; as for the upper resistance, focus on the 3015 pressure bearing degree, and focus on the 3035 and 3055. Both can be short-selled. Overall, today's short-term gold operation ideas, He Bosheng recommends that rebound short sellers should be mainly used, and pullbacks should be used as supplementary. The short-term focus above focuses on the 3025-3035 line resistance, and the bottomThe short-term focus will be on the support of the 2990-2980 line.
Analysis of the latest trend of crude oil:
Crude oil news analysis: Against the backdrop of intensifying global trade concerns, international oil prices fell 2% on Monday, hitting a nearly four-year low, showing the energy market's strong concerns about the global economic slowdown. Brent crude oil futures closed at $64.21 per barrel, down 2.1%; U.S. WTI crude oil futures closed at $60.70 per barrel, down 2.1%. Both hit their lowest levels since April 2021, with oil prices falling by more than 11% over the past week. Although there was a rebound in the Asian session on Tuesday, the bulls had limited momentum, so beware of a second decline. Trump announced last week that it would impose new tariffs on imported goods from Asian countries and threatened to impose an additional 50% tariff if the other party does not withdraw its retaliation measures. This statement broke the market's hope for ease of negotiations and further ignited concerns about the global economy falling into a recession.
Crude oil technical analysis: From the daily chart level, crude oil has fallen below the lower edge of the range, and oil prices have reached around 60. The moving average system turns diverges downward, and the medium-term objective trend direction goes downward. Due to the downward trend caused by tariffs, pay attention to its continuity and further determine that the medium-term downward trend will fall to 55 or even 50. The short-term (1H) trend of crude oil has been falling sharply, and the momentum that has plummeted has reached a position around 60. The short position is arranged in the moving average system, and the short-term objective trend direction is downward. The current medium- and short-term directions are consistently downward. In the morning, oil prices are in the downward rhythm of the main trend. It is expected that crude oil will continue to decline after a weak rebound in the day. 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 62.0-63.0 line resistance at the top, and the short-term focus should be on the 60.0-59.0 line support at the bottom.
He Bosheng's message: I don't have gorgeous language here, only real trading and Mingming Lang Lang's operations. The market has only one direction, neither bulls nor shorts, but right direction. Reasonable risk control + good investment returns allow every retail investor to find the real pleasure of investing, and no longer the hard trading of their own every day but the continuous increase in losses. I have always believed that choice is more important than hard work. A good instructor and a good technical team should be more responsible to customers in addition to bringing profits to customers. Individual investors, if they face the market alone, they are easily confused by the authorities and are caught off guard when encountering sharp rises and falls. If someone can see the situation clearly outside the circle and give the direction, they can do better.
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 xm-links.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 brings risks, reminding everyone to identify the authoritative platform, the strong teacher, and the safety of funds is the first priority.Consider the operational risks first, and finally how to make a profit.
The above content is all about "[XM official website]: Analysis of the latest market trends of gold and crude oil and the layout of today's exclusive operation suggestions". It was carefully xm-links.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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