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4.1 Analysis of the latest market trends of gold and crude oil and today’s exclusive operating suggestions and guidance
Wonderful introduction:
The moon waxes and wanes, people have joys and sorrows, life changes, and the year has four seasons. If you survive the long night, you can see the dawn, if you endure the pain, you can have happiness, if you endure the cold winter, you no longer need to hibernate, and after the cold plums have fallen, you can look forward to the new year.
Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market xmaccount.commentary]: 4.1 Analysis of the latest market trends of gold and crude oil and today's exclusive operating advice and guidance." Hope this helps you! The original content is as follows:
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Analysis of the latest gold market trend:
Analysis of gold news: In the US market on Tuesday (March 31), spot gold fluctuated and rose within a narrow range, and is currently trading around US$4,608 per ounce. On Monday (March 30), spot gold rose slightly for the second consecutive trading day, up about 0.36%, closing at around US$4,510 per ounce, and once touched US$4,580 during the session; US gold futures closed up 0.7%, settling at US$4,557.50. However, despite the recovery in short-term risk aversion, gold has fallen more than 14% so far in March and is on track to record its worst monthly performance since the 2008 financial crisis. Behind this abnormal trend is a xmaccount.complex game of escalating conflicts in the Middle East and macroeconomic pressures. The war has pushed up oil prices and heightened inflation concerns, while the Federal Reserve has maintained a cautious stance, causing market expectations for the path of interest rates to undergo drastic adjustments. Investors are generally concerned about whether gold's short-term rebound can be sustained and whether it will resume its upward trend in the long term. On this trading day, the United States will be releasedInvestors need to pay attention to the JOLTs job vacancy data in February.
Gold technical analysis: Gold's trend yesterday showed a volatile and see-saw trend. It first retreated to the 4420 line in early trading and stabilized, and then continued to fluctuate and rebound. The high point once touched near the 10-day moving average of 4580. However, the momentum of the bulls weakened in late trading, and the market retreated to around 4500 again to consolidate. Finally, the daily line closed with a positive star line with upper and lower shadow lines, which not only reflects the intensity of the long-short game, but also reflects the market's temporary hesitation. Judging from the daily structure, it closed positive yesterday and ran above the 5-day moving average, but was under pressure below the 10-day moving average. This pattern means that although the short-term market retains expectations for technical adjustments, the rebound momentum has not xmaccount.completely subsided. What deserves special attention is that the recent operating rhythm of gold has a strong correlation with the U.S. dollar index. The two show a typical negative correlation. When the U.S. dollar strengthens, gold will xmaccount.come under pressure, and when the U.S. dollar weakens, gold will rebound. This logic has been fully verified by recent market practice. This morning, the U.S. dollar index retreated (currently trading around 100.49, down from yesterday's closing price). Gold followed the trend and ushered in a wave of gains, successfully breaking through the 10-day moving average. The market is currently above the 4,600 mark. Judging from the daily structure, gold has broken short-term technical suppression. At this pace, the upper rebound space is expected to further expand, and there is even the possibility of testing above the 20-day moving average of 4800. However, it must be clear that the current rise is xmaccount.completely dependent on the adjustment of the US dollar index. Whether it can continue to rise in the future still needs to closely track the trend of the US dollar index, and the trend of gold still depends on the face of the US dollar index. 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 4650-4700 first-line resistance, and the lower short-term will focus on the 4550-4500 first-line support.
Analysis of the latest crude oil market trend:
Analysis of crude oil news: In the US market on Tuesday (March 31, Beijing time), US crude oil traded around US$102.38 per barrel. Oil prices rose nearly 4% on Monday. The Houthi armed forces in Yemen launched an attack on Israel for the first time, 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. Judging from the focus of investors, the market is currently paying close attention to the resumption of navigation in the Strait of Hormuz, the progress of negotiations between the United States and Iran, and the safety of energy facilities. If the conflict escalates further, oil prices will still have room to rise; but if the situation shows signs of easing, it may trigger a high correction.
Crude oil technical analysis: From a technical point of view, crude oil is still in an upward trend on the daily level, but the price momentum has weakened after approaching US$106, and the short-term trend is thatThe current high level shock pattern is present. The key resistance level above focuses on the regional pressure of $108 (previous structural level) and the selling pressure near the psychological mark, while the important support level below is at the integer mark of $100. Once it falls below, it may open room for further adjustments. At the 4-hour level, the price has shown obvious signs of overbought, the momentum indicators have gradually fallen back, and there is a need for technical corrections in the short term. If it cannot effectively break through the high point area, oil prices may enter a wide range of fluctuations, and volatility will increase significantly. On the whole, today's crude oil operation thinking is based on He Bosheng's suggestion to focus on the lows and longs, supplemented by rebounding from highs. The top will focus on the 110.0-115.0 first-line resistance in the short term, and the bottom will focus on the 97.0-92.0 first-line support in the short term.
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 Review]: 4.1 Gold Crude Oil Latest Market Trend Analysis and Today's Exclusive Operation Suggestions and Guidance". 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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