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4.8 Analysis of the latest market trends of gold and crude oil gap and guidance on today's operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: 4.8 Gold crude oil gap and low opening latest market trend analysis and today's operating suggestions and guidance". Hope it will be helpful to you! The original content is as follows:
The latest gold market trend analysis:
Gold news analysis: Last Friday (April 4), the spot gold price collapsed by more than $75, which caused the gold price to close last week to fall sharply. Gold prices fell sharply after hitting an all-time high of nearly $3,170 per ounce. In the short term, gold volatility may remain high. The technical outlook shows that the market will see a bearish trend after the recent decline in https://xmaccount.com. Affected by the preliminary reaction of the U.S. tariffs announced last Wednesday, gold prices once hit a record high of $3,167 per ounce, and then made in-depth adjustments before the weekend. Looking ahead to this week, investors will continue to follow tariff-related headlines and keep an eye on U.S. inflation data. China announced a response to new U.S. tariffs last Friday, with financial markets generally collapsing, forcing investors to sell their gold positions to make up for losses in other asset markets. Gold prices fell sharply on Friday as Fed Chairman Powell turned hawkish on tariffs and inflation, hitting hopes of the Fed's recent rate cut.
Gold technical analysis: After gold fluctuated significantly at high levels in the past two days, gold finally continued to break through and fall below last Friday night. In the past two days, the market was too active and the overall fluctuation was very large. In fact, it was still difficult to operate. Although it was bearish overall, the rebound was not small. Now sometimes it rebounded more than 20 US dollars in a few minutes, and then it may be a loss and continued to fall. Now the golden daily line is at a high level, dark clouds are covering the top, so this week it should beHow to operate?
Gold started a dramatic crazy mode again last Friday, with bulls and bears washing back and forth, fluctuating sharply, and finally the bears were slightly better. After the last impact around 2136 before the US market, it fell sharply. As of the close, it reached around 3015 at the lowest point, with a drop of US$121, which also set a few historical declines. The daily line closed at the long negative line pattern of the upper and lower leads, which opened the market's eyes. With the rise of the gold price base, it is also accustomed to large fluctuations, the previous second and next second The sharp rise and fall made the market uneasy. Faced with the sharp fall last Friday, gold may continue to maintain a decline pattern in the later stage, and the short-term bottom position below will remain at the 3000 integer level. This position is also the bottom and starting point of the previous period. There is a very likely wave of pullbacks, while the pressure above will remain near the top and bottom conversion of 3054-57, which is also the top position of the last big negative line last Friday. This position will be an ideal short selling point on Monday. Once the pressure is effective, it may still fall again in the later stage.
The gold 1-hour moving average has formed a dead cross downward, so gold bears still have momentum. Gold can only rebound in the short term. After the gold rebounds, it will continue to be short, and then gold will enter a fluctuation. After the gold drops at a high level, the bears will have more advantage in the short term. Unless there is a large advantage in the favorable situation, it will be difficult for gold to rise directly. The last physical K-line box of gold in the last hour will form a suppression. The gold rebound resistance is at 3054. If it is under pressure, then gold rebound will continue to rise at a high level. Overall, gold today's short-term operation ideas recommends that rebound short sellers should be the main focus, and pullbacks should be the auxiliary focus. The short-term focus on the 3035-3040 line of resistance above, and the short-term focus on the 3000-2995 line of support below.
The latest trend analysis of crude oil:
Crude oil news analysis: Last Friday (April 4), international oil prices continued to fall during the session, and US crude oil is currently trading around US$62.31 per barrel. International oil prices suffered a "Black Thursday" on Thursday, marking the worst single-day drop in three years. Brent crude oil plummeted 6.42% to $70.14 per barrel, and WTI crude oil fell 6.64% to $66.95 per barrel, both of which set the record for the largest decline since 2022. The plunge was detonated by three "deep water bombs": OPEC+ suddenly reversed its production cut strategy, US tariff policies impacted global trade expectations, institutions collectively lowered their demand outlook, and market panic was vented like a dam. The plunge marks the oil market entering a high volatility cycle. OPEC+'s strategy shifts to suggest price war risks, while uncertainties in tariffs and demand will continue to ferment. Energy analysts warned: "This is not only a short-term adjustment, but also the beginning of the reconstruction of the global energy power structure. The market needs to reprice the geopolitical risk premium."
Crude oil technical analysis: From the daily chart level, crude oil continues to fluctuate around the lower side of the range after falling below the lower edge of the range. Oil priceShort-term continuous rises broke through the suppression of the moving average system, and the objective medium-term trend entered a conversion period. However, from the perspective of momentum, long and short momentum has not yet had the momentum to overwhelm the side. It is expected that the medium-term trend will still maintain a period of oscillation, waiting to establish a clear trend direction. The short-term (1H) trend of crude oil fell sharply, all gains since mid-March were recovered, and oil prices hit a low of around 60.30. The moving average system diverges downward, and the short-term objective trend direction is downward. The K-line closed 7 physical negative lines in a row, and the bears were full of momentum. It is expected that the short-term trend of crude oil in the day should be adjusted at a low level and continue to move downward. Overall, the operational thinking of crude oil today recommends to focus on rebounding at high altitudes, and to pull back at low longs as supplements. The short-term focus on the 62.0-63.0 line resistance above, and the short-term focus on the 59.5-58.0 line support below.
The above content is all about "[XM Foreign Exchange Market Review]: 4.8 Gold and crude oil gap-low opening latest market trend analysis and today's operation suggestions and guidance". It was carefully xmaccount.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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