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How to solve the 10.22 gold plunge and the long-term quilt cover? The latest exclusive operation suggestions for crude oil today
Wonderful introduction:
Optimism is the line of egrets that go straight up to the sky, optimism is the thousands of white sails on the side of the sunken boat, optimism is the luxuriant grass blowing in the wind at the head of Parrot Island, optimism is the little bits of falling red that turn into spring mud to protect the flowers.
Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Official Website]: How to solve the multi-order quilt trap when gold plummeted on 10.22, and the latest exclusive operation suggestions for today's crude oil market." Hope this helps you! The original content is as follows:
Same market situation, 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 every time they trade: they think that as long as they predict the rise and fall of the market, they can make this transaction. This approach of focusing on direction and ignoring position makes traders xmaccount.completely defeated. In fact, there is a big difference between the "trend" and the "direction" of following the trend, because the direction of market movement appears to be oscillating, and the market trend is often global. What I can do here is help you control your positions reasonably, use support and resistance levels to place orders, and make every order logical and traceable. You should not enter the market at will when buying and selling points. Please be responsible for your own funds. If you are really unsure about the market, you can xmaccount.come and find me. One more analyst will bring you no loss. Always remember one sentence, professional people do professional things. All actual operations are only for profit, and cooperation is only for a win-win situation.
Gold latest market trend analysis:
Gold news analysis: On Tuesday (October 21), spot gold fell slightly from the historical high (4381.29 US dollars per ounce) set on the previous trading day, a decrease of about 0.8%. However, against the background of positive fundamentals, any substantial room for decline is still limited. The U.S. dollar is trying to extend the gains of the previous two days, which has become a key resistance restricting the upward movement of xmaccount.commodities. Meanwhile, widespread optimism in global stock markets also curbed gains in the safe-haven precious metal. However, the dollar's upside is expected to be limited due to market concerns that a prolonged U.S. government shutdown may affect economic performance and rising expectations for dovish policies from the Federal Reserve. The market is now fully priced in expectations that the Federal Reserve will cut interest rates twice more this year, which may continue to suppressDollar trend. In addition, ongoing trade uncertainty and geopolitical tensions are expected to continue to provide support for non-interest-bearing gold.
Gold technical analysis: Yesterday's trend of gold showed the characteristics of shock accumulation and emotional outburst: the Asian and European trading period fluctuated as expected to digest last Friday's negative line, but bulls suddenly pulled up for no reason at night, breaking through to a high of 4381 in late morning trading. Finally, the daily line closed out of the positive, xmaccount.completing the counter-package of last Friday's negative line. This trend once again broke through the conventional technical framework, highlighting the core characteristics of the current market dominated by extreme emotions. Dismantling it from the daily dimension, the current market hides the contradiction between emotional continuation and momentum decay: on the one hand, the super negative situation has been reversed, which means that the bullish speculation has not cooled down yet, and there is still continuity in the short term; on the other hand, the new high is only 1 US dollar higher than last Friday, and in the violent fluctuations of nearly 160 US dollars yesterday, although the positive line entity exceeded 100 US dollars, it did not increase in volume after the surge, which has revealed the signal that bullish sentiment has weakened xmaccount.compared to last week. Judging from this, it is difficult for short-term bulls to repeat the previous crazy rise, and they are more likely to enter a high-level shock correction stage where time changes space. The risk of a sharp dive similar to last Friday is significantly reduced, but violent fluctuations within the range will continue. On the whole, today's short-term gold operation thinking, He Bosheng recommends mainly shorting on rebounds, supplemented by lows and longs. The top short-term focus will be on the 4170-4190 first-line resistance, and the bottom short-term focus will be on the 4100-4080 first-line support.
Analysis of the latest crude oil market trend:
Crude oil news analysis: U.S. crude oil prices continue to be under pressure this week, with WTI latest trading at US$56.72/barrel, and Brent crude oil remaining at around US$60.87/barrel. With prices approaching year-to-date lows, the market's dominant sentiment has shifted from the tight supply of previous months to more realistic "surplus concerns." Traders believe that although some oil-producing countries have verbally mentioned cutting production, the actual supply has not decreased, but has further increased due to the rebound in exports in some regions. The main theme of the oil market is transitioning from "tight balance" to "loose supply." Current prices do not reflect panic, but rather a rational correction. Bulls need to wait for demand signals to improve or production cuts to materialize before considering entering the market, while bears are taking the initiative in the current situation, but should be wary of rebound risks caused by geopolitical or policy emergencies.
Crude oil technical analysis: From the daily chart level of crude oil, oil prices have fallen below the lower edge of the range, and the objective trend is downward in the medium term. Oil prices fell sharply in a single day, and the subjective and objective trend directions have been downward. The MACD indicator fast and slow line opens downward below the zero axis, indicating that short kinetic energy has the upper hand. The medium-term trend of crude oil is expected to be volatile and downward. The short-term (1H) trend of crude oil continued to fall and hit a new low of 56 lines. Oil prices cross the moving average system up and down, and the short-term objective trend direction enters a oscillating rhythm. The K line touched a new low and closed with a long lower shadow, indicating that there is some buying below. The MACD indicator forms a bottom divergence below the zero axis, signaling a weakening of downward momentum. Oil prices fluctuated within a narrow range in early trading, and it is expected that crude oil prices will continue to fluctuate and decline during the day. Taken togetherIn terms of crude oil operation today, He Bosheng suggested to focus on rebounding from high altitudes, supplemented by falling back to lows. The top short-term focus is on the 58.0-59.0 first-line resistance, and the bottom short-term focus is on the 55.5-54.5 first-line support.
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 xmaccount.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 xmaccount.comes first, secondly consider operational risks, and finally how to make profits.
The above content is all about "[XM Foreign Exchange Official Website]: How to solve the multi-order quilt cover of the 10.22 gold plunge, the latest exclusive operation suggestions for today's crude oil market". It is carefully xmaccount.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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