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4.7 Gold and crude oil today’s market prices, price rise and fall trend analysis and latest long and short operation suggestions
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Review]: 4.7 gold and crude oil today's market price rise and fall trend analysis and the latest long and short operation recommendations." Hope this helps you! The original content is as follows:
Analysis of the latest gold market trend:
April 6, gold news analysis: On Monday, international gold opened lower first, affected by the better-than-expected improvement in the unemployment rate and non-agricultural data released last Friday, and Trump's renewed threat: If the Strait of Hormuz is not reopened, it will hit Iran's energy facilities. Pushing oil prices higher at the opening. Suppressing gold prices (4680.77, -3.93, -0.08%) first went lower. However, as the gold market has weakened in response to the strengthening of oil prices and rising inflation, coupled with the overall decrease in the annual and monthly average hourly wage rates in March, gold prices did not fall as sharply as expected in early trading.
This week will focus on a series of data such as the annual and monthly CPI rates in the United States in March. The market is currently expected to rise significantly, which will further strengthen the market prospect of a resurgence of inflation and suppress the probability of the Federal Reserve cutting interest rates during the year. It will significantly drop, and even trigger discussions on raising interest rates, which will significantly suppress the price of gold to 4460 or 4300. On the other hand, if the performance is not as good as expected, it will cause fluctuations. If it is in line with the previous value or lower than the previous value, it will cause a sharp rebound. It is expected to hit the $4,840 or $5,000 mark.
Gold technical analysis: From a technical point of view, the last time gold rebounded from 4100 to 4800, it stopped. The daily positive trend was interrupted by the big negative line. Now the daily negative trend closes below the Bollinger Band. It is obvious that gold has entered a weak position again. If this weakness continues, it will definitely hit the low point below. So since this week is definitely a weak point, just follow the weakness and look to the downside. The H4 cycle is a shock range. Bollinger closed the range and the moving averages stuck together. There is no unilateral market trend for the time being. The upper level is 4800.Still, 4500 is supported below. Before it breaks this range, gold will fluctuate with the market. When it breaks the key upper and lower points, we will then xmaccount.combine the news to see whether the unilateral market can continue. So in my opinion, this week gold will first fluctuate in the 4800-4500 range. As long as it does not break this range, it can boldly operate back and forth, and then follow the market after breaking the position. As mentioned last week, we can see 5000 above 4800, and 4350 below 4500. On the whole, today's short-term operation thinking for gold is to focus on the lows and longs, supplemented by rebounding from highs. The top short-term focus is on the 4720-4770 first-line resistance, and the bottom short-term focus is on the 4600-4550 first-line support.
Crude oil (113.76, 1.35, 1.20%)
Analysis of crude oil news: In early trading in Asia on Monday (April 6, Beijing time), U.S. crude oil rose nearly 3% and is currently trading around $110.42 per barrel. U.S. President Trump once again threatened to destroy Iranian power plants, while Tehran showed little sign of accepting the U.S. demand to end the war. Oil prices rose sharply last Thursday, with U.S. crude oil futures closing up 11.41% at $111.54 per barrel, the largest single-day absolute increase since 2020; Brent crude oil futures closing at $109.03 per barrel, up 7.78%. It was driven by U.S. President Donald Trump's vow to continue attacking Iran, the lack of a clear timetable for an end to hostilities and the unclear prospects for reopening the Strait of Hormuz.
Crude oil technical analysis: From a technical perspective, since the crude oil market started at the low point in December 2025, the mid- to long-term upward channel has remained intact. Although this week's violent shock once broke through the middle track of the Bollinger Bands, the buying orders below intervened very quickly, showing that the market has a strong defensive willingness near the $100 integer mark. Currently, the Bollinger Band upper limit of crude oil is located at 108.93 US dollars per barrel. The current price has achieved an effective breakthrough, and the short-term overbought characteristics are obvious. In terms of MACD indicators, the red column of U.S. oil has re-expanded, and DIFF and DEA have once again hooked upward at high levels, showing that the bullish momentum is being released for the second time. In contrast, the MACD of Brent crude oil has a dead cross pattern with DIFF crossing below DEA, which reflects that the international benchmark oil price is more difficult to face macro headwinds, and the long-short differences are extremely differentiated among varieties. The RSI indicator shows that U.S. oil has once again approached the overbought threshold of 70, suggesting that the risks of short-term gaming are accumulating, and investors need to be wary of sudden declines due to profit-taking at high levels. On the whole, today's crude oil operation ideas suggest that the main focus is to push back low and long, supplemented by rebounding from high altitude. The top short-term focus is on the first-line resistance of 119.0-124.0, and the bottom short-term focus is on the first-line support of 105.0-100.0.
The above content is all about "[XM Foreign Exchange Market xmaccount.commentary]: 4.7 Gold and Crude Oil Today's Market Price Rise and Fall Trend Analysis and Latest Long and Short Operation Suggestions". It is carefully xmaccount.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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