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Weekly bottom is the morning star, gold and silver are safe havens, go low and long
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Hello everyone, today XM Forex will bring you "[XM Official Website]: Weekly bottom-out morning star, gold and silver as a safe haven, do low and long". Hope this helps you! The original content is as follows:

The gold market opened at 4587.3 last week, and then the market first rose to reach 4538.3, and then fell sharply. The weekly minimum reached 4095.4, and then the market was affected by this trend. The upward Fibonacci 38.2 and oversold factor shadow lines rose strongly. The weekly high hit the position of 4604.2, and then the market fell back. After the weekly line finally closed at 4494.7, the weekly line ended with a lower shadow. The extremely long morning star pattern closed. After the end of this pattern, last week's long stop loss of 4120 followed up at 4200, 4310's long stop loss followed up at 4395, and last Friday's long stop loss at 4410 followed up. At 4420. Today’s market is 4430 and the stop loss is 4420. The target is 4495 and 4510 and 4530 and 4550 and 4560. If the position is broken, look at 4580 and 4600.

The silver market opened lower last week at 66.692, and then the market fell back first. The weekly low reached 60.78, and then the market rose strongly. The weekly high hit 74.624, and then the market fell back under pressure. The weekly highest After finally closing at 69.796, the weekly line closed with a Zhongyang line with long upper and lower shadow lines. After finishing in this form, today's market price is more than 67 and the stop loss is 66.75. The target is 67.5, 68, 69, and 70.

European and American markets first fell back after opening at 1.15350 last week. The weekly low reached 1.14831 and then the market rose strongly. The weekly high hit 1.16404 and then the market surged higher and fell back. The weekly line finally closed at 1.15115. After the position, the weekly line closed in the form of an inverted hammer with a very long upper shadow line. After this form ended, the short stop loss was 1.15450 at 1.15250 this week, and the target was 1.14900, 1.14700 and 1.14500-1.14400.

The U.S. crude oil market opened higher last week at 100.313, then the market first rose to reach a weekly high of 102.175, and then fell back strongly. The weekly low reached a position of 84.794, and then the market fluctuated and rose strongly. The weekly line finally closed at After the position of 101.14, the weekly line closed in the form of a morning star with a very long lower shadow. After this form ended, this week opened higher and then stepped back to 100.15 with a stop loss of 99.6. The target is 101, 102, 103, and 104.

The Nasdaq opened low last week at 23758.55, then the market first rose to a position of 24553.6, and then fell back strongly under pressure. The weekly minimum was at 23032.41 and then consolidated. After the weekly line finally closed at 23074.81, the weekly line closed with a big negative line with a very long upper shadow line. After such a form ended, this week 23350 short stop loss 23410, the target is 23200, 23100 and 23000, if it falls below 22900 and 22800.
Fundamentals, the confrontation between the United States and Iran last week showed a "military and diplomatic parallel" situation, rather than a single-line development. On the one hand, the United States continues to exert military pressure on Iran, and on the other hand, it delivers it through Pakistan and other channels. While maintaining its counterattack and controlling the Strait of Hormuz, Iran refused to accept conditions that it considered "one-sided and unfair." As of Friday, the military operations of the two sides had not stopped, and the xmaccount.communication channels were still there, but the differences in the ceasefire were still obvious, and the Strait of Hormuz had not returned to normal traffic. From a military perspective, the United States did not cool down as a whole, but adjusted the focus of its strikes early on Friday. It said that the attack on energy facilities would be postponed for another 10 days at the request of Iran, until April 6. However, this arrangement is limited to specific targets and does not mean that the military operation will be stopped as a whole. The United States continues to put pressure on key military capabilities such as Iran's navy and missile system, and clearly sends a signal: energy facilities can be suspended, but military strikes will not automatically terminate. Trump also warned that if the agreement cannot be reached, the United States will continue to take measures.Take action. At the same time, the United States continues to strengthen its deployment in the Middle East and prepare upgrade options. Reports on March 24 pointed out that the United States planned to send about 3,000 to 4,000 additional soldiers of the 82nd Airborne Division; by March 27, there was news that it was evaluating the dispatch of up to 10,000 additional ground troops. Federal Reserve officials have been vocal this week, and the policy tone has clearly turned hawkish. Market pricing has also quickly shifted from "waiting for an interest rate cut" to recalculating the risk of interest rate increases. The core variable is that the situation in the Middle East has pushed up energy prices and created new disturbances in the path of inflation. This week's fundamentals will focus on the summary of the opinions of the review xmaccount.committee members of the March monetary policy meeting released by the Bank of Japan at 7:50 on Monday. In the evening, watch the Dallas Fed Business Activity Index for March at 22:30. On Tuesday, focus on the initial annual CPI value for the Eurozone in March at 17:00. In the evening, look at the monthly rate of the FHFA house price index in the United States at 21:00 in January and the annual rate of the S&P/CS non-seasonally adjusted house price index in 20 major cities in the United States in January. Later, look at the US March Chicago PMI at 21:45, the US February JOLTs job vacancies at 22:00 and the US March Conference Board Consumer Confidence Index. On Wednesday, focus on the U.S. March ADP employment number at 20:15, which is expected to be 4.5, xmaccount.compared with the previous value of 6.3. Then look at the U.S. February retail sales monthly rate at 20:30. Then look at the final S&P Global Manufacturing PMI for March at 21:45, and later look at the ISM Manufacturing PMI for March at 22:00 and the monthly rate of U.S. xmaccount.commercial inventories in January. Later, look at the EIA crude oil inventories in the United States for the week to March 27 at 22:30, the EIA Cushing, Oklahoma crude oil inventories in the United States for the week until March 27, and the EIA Strategic Petroleum Reserve inventories in the United States for the week until March 27. On Thursday, focus on the number of initial jobless claims in the United States for the week to March 28 at 20:30 and the US trade balance in February. On Friday, focus on the US March unemployment rate and the US March seasonally adjusted non-farm payrolls at 20:30. This round is expected to be 4.4% and 54,000 people. Later, we will look at the final S&P Global Services PMI value for March at 21:45 in the United States.
In terms of operation, gold: last week’s long stop loss of 4120 was followed at 4200, 4310’s long stop loss after reduction was at 4395, last Friday’s long stop loss of 4410 was followed at 4420. Today’s market is 4430, long stop loss 4420, the target is 4495, 4510, 4530, 4550 and 4560. Look at 4580 and 4600.
Silver: Today's market is 67, long stop loss 66.75. The target is 67.5 and 68, 69 and 70.
Europe and the United States: 1.15250 short stop loss 1.15450 this week, the target is 1.14900 and 1.14700 and 1.14500-1.14400 to leave.
U.S. crude oil: After opening higher this week, it goes back to 100.15 and the stop loss is 99.6. The target is 101 and 102 and 103 and 104.
The Nasdaq: 23350 and the short stop loss is 23410 this week. The target is 23200 and 23100 and 2300.0, if it falls below 22900 and 22800.
Last Friday, 4474 was short and 4435 left the market, and 4410 was backhand and long

The above content is all about "[XM official website]: Weekly bottom-out morning star, gold and silver as a safe haven, go low and long". It is 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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