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market analysis
The long-legged cross is about to break, and the gold and silver range is much lower
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Hello everyone, today XM Forex will bring you "[XM Forex Platform]: Long-legged cross waiting to break, gold and silver range is low and long". Hope this helps you! The original content is as follows:

Yesterday, the gold market consolidated its range. After opening at 4492.7 in early trading, the market first fell back. The daily low reached 4418.8, and then the market fluctuated strongly and rose. The daily high was After touching the position of 4581.2, the market fell back under pressure. After the daily line finally closed at the position of 4510.7, the daily line closed in the form of a cross star with the lower shadow line slightly longer than the upper shadow line. After such a form ended, , today's market will still be higher after the market retreats. In terms of points, last week's long stop loss of 4120 was followed at 4200, and the stop loss of 4310 long reduction was followed at 4395. If today's market falls first, the stop loss is more than 4470. 4464, the target is 4510 and 4535, 4560 and 4582. If the position is broken, look at the 4600-4603 pressure range. If the position is broken, the upper space will be opened to see the pressure of 4660 and 4700.

The silver market first fell back after opening at 69.235 yesterday. The daily minimum reached 67.615 and then the market rose strongly. The daily maximum touched 71.775 and then the market consolidated under pressure. The daily maximum After finally closing at 70.1, the market closed in the shape of a spindle with upper and lower shadow lines of equal length. After finishing in this form, today's market is 67.7 with a stop loss of 67.5, and the target is 68.5, 69, and 70-71.

European and American markets fell to a low of 1.14997 yesterday, then the market fell back to a position of 1.14866 and then rose strongly. The highest daily line touched a position of 1.15210 and then fell back under pressure. The lowest daily line reached a position of 1.14424 and then consolidated. The daily line finally closed at a position of 1.14618. The line is a large negative line with the same length as the upper and lower shadow lines. After this form ends, today's market price is 1.15000. Short stop loss is 1.15200. The target is 1.14600 and 1.14400. If it falls below, look at 1.14200 and 1.14000. If it breaks, look at 1.13800 and 1.13600.

The U.S. crude oil market opened higher yesterday at 102.59 and then the market fell back first. The daily line reached the lowest position of 99.73 and then the market rose strongly. The daily line reached the highest position of 105.67 and then consolidated. The daily line finally closed at 105.26 and the daily line ended with a very long lower shadow. The big Yang line closes, and this form closes, and after this form ends, today's market will still be high. In terms of points, after yesterday's long reduction of 100.15, the stop loss was followed up at 101, and today's market is 103.5, and the stop loss is 103. The target is 105, 106, and 107-108.

Yesterday, the Nasdaq opened low at 22986.8 in early trading and then the market first rose. The daily high hit the 23391.8 position and then the market fell back under pressure. The daily low reached the 22833.3 position and then consolidated. After the daily line finally closed at 22915.53, the daily line closed at 22915.53. The inverted hammer pattern with a very long upper shadow line closed. After the end of this form, today's market continues to be bearish. In terms of points, yesterday's short position at 23350 was followed by a stop loss of 23300. Today's market price is 23200 and a short stop loss is 23260. The target is 22900 and 22800. If it falls below, 22700, 22600 and 2 2500.
Fundamentals, yesterday's fundamentals speech: The Fed Chairman stated that the central bank is inclined to keep interest rates unchanged and adopt a "penetrating observation" attitude towards the energy shock caused by the Iran war, but at the same time warned that if rising prices begin to change the public's long-term expectations for inflation, the Fed may not be able to continue its policy. The dilemma facing the Fed is that energy shocks often have a dual effect: on the one hand, they push up prices, and on the other hand, they drag down economic growth by xmaccount.compressing household budgets and raising business costs. This makes policymakers have to weigh whether to prioritize curbing inflation or supporting the economy, and at the same time, they are clearly aware of the need to solve one of these problems.of standard tools, often exacerbating another problem. Powell appeared extremely cautious about how the Fed would answer this difficult question. He said: "We may eventually face the question of how to respond, but we haven't really reached that point yet, because we don't yet know how these economic impacts will manifest." The still hawkish remarks have supported the U.S. index and put pressure on non-U.S. stocks. The U.S.'s continued trend of adding troops to Iran means that the U.S.-Israeli war is developing on a larger scale. Crude oil prices have been pushed up. Today's fundamentals focus on the initial annual CPI rate of 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.
In terms of operation, gold: Last week’s long stop loss of 4120 was followed up at 4200, and after the long reduction of 4310, the stop loss was followed up at 4395. If today’s market falls back to 4470 first, the stop loss is 44 64. The targets are 4510 and 4535, 4560 and 4582. If the position is broken, the pressure range is 4600-4603. If the position is broken, the upper space is opened to see the pressure of 4660 and 4700.
Silver: Today’s market price is 67.7, long stop loss is 67.5, target is 68.5, 69 and 70-71.
Europe and America: Today’s market price is 1.15000, short stop loss is 1.15200 target 1.14600 and 1.14400. If it falls below, look at 1.14200 and 1.14000. If it breaks, look at 1.13800 and 1.13600.
U.S. crude oil: Reduce long positions at 100.15 yesterday The stop loss is followed up at 101. Today's market is 103.5 and the stop loss is 103. The target is 105, 106 and 107-108.
Nasdaq: After yesterday's short position reduction of 23350, the stop loss is followed up at 23300. Today's market price is 23200, short stop loss is 23260, target is 22900 and 22800, if it falls below, 22700, 22600 and 22500 will be seen.
4560 was short last night

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