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11.4 Analysis of the rise and fall trends of today’s gold and crude oil prices and the latest exclusive long and short operation recommendations
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Platform]: 11.4 gold and crude oil today's market rise and fall trend analysis and the latest exclusive long and short operation recommendations." 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.
Analysis of the latest gold market trend:
Analysis of gold news: On Monday (November 3), the spot gold price fluctuated within a narrow range around US$4,000 per ounce, with the lowest hitting the highest US$3,963 and the highest reaching the 4,030 mark, closing at US$4,001.16 per ounce. Although gold prices have soared by 53% this year, they have fallen by more than 8% since the historical high on October 20, and the market has entered a typical "high breathing" stage. The three major uncertainties, the unclear outlook for the Federal Reserve's policy, the data vacuum caused by the U.S. government shutdown, and the end of China's gold tax-free policy, are working together to encircle the gold price. Gold prices still face the risk of further corrections in the short term, but Ole Hansen, head of xmaccount.commodity strategy at Saxo Bank, emphasized: "The pause in gold's rise is just a breather, not a collapse." ZhouIn the early trading of the Asian market on November 4, spot gold fluctuated and fell slightly. It is currently trading around US$3,990 per ounce, a decrease of about 0.25%. The US dollar held steady at its highest level in nearly three months, suppressing the price of gold.
Gold technical analysis: Gold opened lower yesterday and fell to around 3963. Then the market continued to fluctuate and rebound. During the European session, it once reached around the 4028 line, and then the market retreated to around 4000 again. Judging from the running rhythm of gold during the day, the slight opening and closing in early trading shows that the situation of market entities is not very optimistic. Although the subsequent continuous rebound has a certain momentum, it still has not gone out of the expected shock range. The continued fluctuations in the market have caused the hourly chart to show a trend of sideways range oscillations, which also brings difficulty and risks to the judgment of short-term trends. In the evening, gold continues to see range oscillations, which may be digested by exchanging time for space for the time being. Therefore, the upper pressure level will not be too high. We still pay attention to the suppression of the small front high of 4040-45. After the shock of today's market, the upper edge of the range has also narrowed. We can first focus on the suppression of 4030-35. In the evening, the bottom will first focus on the xmaccount.competition around 3980, but if xmaccount.combined with the daily structural trend, we still tend to look at the expectation that the market will continue to retreat and adjust in the later period, so the bottom can still look forward to expectations around 3920-00. On the whole, today's short-term operation of gold, He Bosheng suggests to focus on rebounding from high altitudes, supplemented by falling back to lows. In the short term at the top, focus on the first-line resistance of 4030-4050, and in the short term at the bottom, focus on the first-line support of 3960-3940.
Analysis of the latest crude oil market trend:
Analysis of crude oil news: On Monday (November 3), the continuous contract of U.S. crude oil fluctuated below $61 during the European session. After the policy adjustment at the weekend OPEC+ meeting, the long and short sides of the market fell into a short-term stalemate. Prices are back above $60 after hitting a low of $59.64 last week, but upward momentum is still lacking. The current global crude oil surplus remains at around 1.9 million barrels per day. Although supply is still higher than demand, the growth rate of the surplus may slow down in the future, thus providing certain support for oil prices. The oil market is currently at the intersection of "fear and fundamentals." Although U.S. sanctions may push up oil prices in the short term, if OPEC+ continues to increase production and demand recovers and slows down, price support will face challenges. The market's next direction may depend on whether confidence can be re-established.
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. The short-term trend of crude oil (1H) is in a range, and the upper edge of the range is broken and shows an upward trend. The moving average system is arranged in a long position, and the short-term objective trend is upward. MACD indicator fast and slow line coincides with the bull pillarTogether, it indicates that the upward momentum is sufficient. It is expected that the trend of crude oil will continue to rise 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 59.5-58.5 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 Platform]: 11.4 Gold and Crude Oil Today's Market Rise and Fall Trend Analysis and the Latest Exclusive Long and Short Operation Suggestions". 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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