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3.31 Gold surged higher and fell back. Crude oil fluctuated and rose. Analysis of today’s market trend and operational suggestions.
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: 3.31 gold surged and fell back, crude oil fluctuated and rose today's market trend analysis and operation suggestions". Hope this helps you! The original content is as follows:
Only those who help themselves can help others. What is difficult is not making profits every day, but how to deal with adversity. People's will will be shaken with the passage of time and the influence of objective things. In good times, you need to look within. Only those who know themselves can be wise and move to a higher point. In times of adversity, you need to look within yourself. Only by strengthening yourself can you defeat the enemy! All external roots originate from our inner being! We cannot change the uncertainty of objective things, but only by following the laws of objective things from beginning to end can we go further! The so-called laws are actually fait accompli in historical data! Human nature is difficult, so history will repeat itself! Just like spring, summer, autumn and winter, the four seasons cycle, birth, old age, illness and death, joy, anger, sorrow and joy! So is the market! Because the essence of the market is the game of human nature!
Analysis of the latest gold market trend:
Analysis of gold news: In early trading in the Asian market on Tuesday (March 31, Beijing time), spot gold was trading around US$4,512 per ounce. Gold prices rose for the second consecutive trading day on Monday, mainly due to the risk aversion caused by the continued conflict in the Middle East. Driven by demand, although the market no longer expects the Federal Reserve to cut interest rates this year; gold prices rose for the second consecutive trading day on Monday, with spot gold closing up 0.6% to $4,518.57 an ounce, and U.S. gold futures rising 0.7% to $4,557.50, mainly driven by safe-haven demand triggered by continued conflicts in the Middle East. U.S. President Donald Trump issued a new warning to Iran, saying it would destroy its oil wells and power plants unless it opened the Strait of Hormuz, while Iran called the U.S. peace proposal unrealistic and fired missiles at Israel, exacerbating concerns about rising inflation and global interest rates.
Gold technical analysis: From the current market perspective, technicalOn the 4-hour level, the gold price is consolidating at a high level. The Bollinger Bands are closing, and the price has repeatedly xmaccount.competed around the mid-track of $4,500. The MACD indicator's golden cross maintains but the red column shrinks, and the momentum of the bulls slows down. The RSI indicator is close to the overbought threshold of 70, and there is a callback demand. The moving average system is arranged in a bullish position in the short term, but the support is weakening. The 1-hour level showed a narrow range of fluctuations after rising higher. The Bollinger Bands upper track flattened and suppressed the price. The middle track formed a dynamic support. The MACD red column continued to converge. The RSI indicator fell back to the neutral range. The K-line mainly alternated between small yang and small yin. The long and short kinetic energy tended to be balanced. Overall, the short-term technical aspect highlights the oscillation pattern, and we need to pay attention to the breakthrough of key points. Based on the above: at the beginning of the week, it is recommended to go high and low and long; for the short term above, pay attention to the 4560-4570 area, you can try to go short, defend 4580, and target the 4500 area, focusing on the gains and losses of 4600; as for the short-term support below, pay attention to the 4480 area, you can try long orders, defend 4460, and the target is the 4520 area. On the whole, today's short-term operation of gold, He Bosheng suggests to focus on the low and long rebound, supplemented by the rebound high. The upper short-term focus will be on the first-line resistance of 4570-4605, and the lower short-term will focus on the first-line support of 4470-4420.
Analysis of the latest crude oil market trends:
Analysis of crude oil news: In early Asian trading on Tuesday (March 31, Beijing time), U.S. crude oil traded around US$106.08 per barrel. Oil prices rose nearly 4% on Monday. The Houthi armed forces in Yemen launched their first attack on Israel, further expanding the conflict with Iran and exacerbating market concerns about Red Sea shipping and oil transportation routes around the Arabian Peninsula. Oil prices closed higher on Monday, with U.S. crude oil futures settling above $100 a barrel for the first time since 2022, and Brent crude oil futures set to record a record monthly gain, mainly due to the first attack by the Houthi armed forces in Yemen on Israel, further expanding the conflict in Iran and exacerbating market concerns about Red Sea shipping and oil transportation routes around the Arabian Peninsula.
Crude oil technical analysis: From a technical point of view, on the daily level, crude oil maintains a strong upward structure as a whole, and the price forms a new platform support after breaking through $100. The key support below is around $96, and the resistance above focuses on the area of $105 and the previous high of $113.28. Although the overall momentum has slowed down, the trend has not changed. In the 4-hour cycle, oil prices showed a high and volatile upward pattern, and the short-term moving average system maintained a bullish arrangement, but the momentum indicators showed signs of passivation. If it falls below $98, it may test the $96 support area; if it breaks above $105, it is expected to further open up the upward space. 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 will focus on the first-line resistance of 115.0-120.0 in the short term, and the bottom will focus on the first-line support of 100.0-95.0 in the short term.
He Boxheng’s message: Tea can intoxicate people, and Buddha can help people. Investment has only one purpose, and that is to make more money, in order to make the people around you live a better life.No one’s money is blown by the wind or picked up for free on the road. This market does not lack teachers. What it lacks is a teacher with conscience, a teacher who is responsible and considers problems from the perspective of the customer. I will share weal and woe with you, advance and retreat together, and a responsible teacher can walk into your heart and know what you need, and you can get it right with just one click. My principles of life: tell the truth and do your conscience! I am a principle in placing orders. We will watch before the point is reached, and we will do it when the point is reached! Customize different investment plans for different customers.
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 Market Analysis]: 3.31 gold surged and fell back, crude oil fluctuated and rose, today's market trend analysis and operation suggestions". 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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