Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
market news
4.16 How to get out of short positions with strong gold rise? Suggestions for long and short operations in today's crude oil market
Wonderful introduction:
Let your sorrows be full of worries, and you can't sleep, and you can't sleep. The full moon hangs high, scattered all over the ground. I think that the bright moon will be ruthless, and the wind and frost will fade away for thousands of years, and the passion will fade away easily. If there is love, it should have grown old with the wind. Knowing that the moon is ruthless, why do you repeatedly express your love to the bright moon?
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: How to unblock short positions with strong rise in gold in 4.16, and suggestions for long and short operations in crude oil market today." Hope it will be helpful to you! The original content is as follows:
The latest gold market trend analysis:
Gold news analysis: On Wednesday (April 16), spot gold rose slightly, and is currently trading around $3,238.50 per ounce. Additional tariffs could exacerbate the ongoing trade war and slow global economic growth as investors turn to safe-haven assets amid the uncertainty brought on by U.S. President Donald Trump’s tariff plan. As global stock markets bottomed out and gold pressure eventually weakened, the precious metal rose sharply, hitting record highs. The rise is very fierce as everyone flocks to the gold market, hoping to use it as a safe haven for dealing with stagflation caused by the trade war. The problem is that according to a survey by Bank of America fund manager, "Long gold" is currently the most crowded deal. From a more macro perspective, gold is still on the upward trend because real yields may continue to decline, as the threshold for interest rate hikes remains very high. Potential risks include another big sell-off in stocks or the Federal Reserve's hawkish stance. In the short term, given that gold's long positions are too concentrated, if the trade war eases, gold prices are likely to experience a deeper correction, so we need to pay close attention to the development in this area. The current environment still supports gold's rise, but the road to rising gold prices will not be smooth, and a temporary pullback may occur in the middle.
Gold technical analysis: yesterday's daily line of gold closed a small negative line. After three consecutive positive lines, the closing of yin cannot be defined as the beginning of correction. Today's closing line pattern is needed to confirm; if the closing line continues to close, the correction may start, and the correction strength is judged based on the strength of the negative line: for example, if the closing of yin is below 5 days, the correction strength will be greater, and the MA will be 10 days in the future, or evenThe middle track may be tested; for example, if the closing negative is above the 5th day of MA, the correction is not strong, or the correction is replaced by a high sideways; no matter which kind of correction is, the future market will continue to hit a record high in the future, so if there is a correction, it is a time for low bullishness; in addition, if today's closing positive and reverse yesterday's negative, then this round of strong one-sidedness still needs to be continued; the closing report surges and falls back and long upward shadows are small positive, then it is also a temporary consolidation at the high level to be treated.
From the 4-hour level, gold is currently lingering between the 5th and 10th days in the short term. Pay attention to whether it can stand up again on the 10th. If it goes out of the big sun, the short-term moving average will cross and then rush upwards; on the contrary, if it goes out of the negative and closes below 3220 on the 5th, then downwards may test 3200-3196 close to the middle track and wait for stabilization; Tonight, overall, it is still inclined to be around between 3200-3250. Even if the up and down breaks through, it is probably punctured and has little continuity. If it is more conservative and relatively good, you can enter the market, just wait for both sides to get closer and choose the opportunity to grasp it; if there is a sudden pull, then it will rise and fall, and return to the starting point, then this may be a sign of the beginning of the correction. Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that the pullback be long, and the rebound is supplemented by high altitude. The short-term focus on the upper short-term focus on the 3250-3260 line resistance, and the short-term focus on the 3225-3215 line support.
The latest trend analysis of crude oil market:
Crude oil news analysis: The Organization of Petroleum Exporting Countries (OPEC) stated in its monthly report in April that global oil demand is expected to increase by 1.3 million barrels in 2025 and 1.28 million barrels in 2026. Both forecasts are lowered by 150,000 barrels per day from the previous month. This is the first time since December 2024 that OPEC has adjusted its demand growth outlook. This round of lowering is mainly due to two factors: the new round of trade tariffs imposed by the United States on major Asian countries, and the global economic data in the first quarter of 2025 did not meet expectations. These factors exacerbate uncertainty in the global economic outlook. OPEC lowered its demand forecast this time, sending multiple signals: on the one hand, trade concerns caused by US tariff policies have put pressure on global energy demand; on the other hand, although the supply and demand game in the crude oil market continues, OPEC is still optimistic about long-term demand. The continued overproduction behavior of Kazakhstan and other member states has also added variables to the overall coordination of OPEC+. If subsequent economic data continue to be weak, it may push OPEC to re-examine its production strategy in the next round of meetings.
Crude oil technical analysis: From the daily chart level, the medium-term trend moving average system is arranged downward, and the medium-term objective trend direction is downward. After the oil price hits a low of 55.20, the frequent alternation of bulls and bears formed will accumulate momentum for shorts in the medium term and are expected to further decline to the 50 position in the later period. The short-term (1H) trend of crude oil remains at the right shoulder position of the head and shoulder bottom reversal pattern. The oil price has not yet broken through the neckline position, so the reversal pattern has not yet been established. The objective short-term trend direction is the oscillation rhythmIt is expected that the intraday crude oil trend is expected to break through the neckline and form a small upward rhythm. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that the main focus should be on the low-sinking back, and the rebound should be supplemented by the high altitude. The short-term focus should be on the 62.8-63.8 line resistance at the top, and the short-term focus should be on the 60.5-59.5 line support at the bottom.
This article is provided by He Bosheng. Due to the delay in online push, the above content is personal advice. Because the online posting is timely and is for reference only, you can bear the risk at your own risk. Please indicate the source when reprinting.
The above content is all about "[XM Foreign Exchange Market Analysis]: How to unwind short positions when gold rises strongly, today's crude oil market long and short operation suggestions" 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!
After doing something, there will always be experience and lessons. In order to facilitate future work, we must analyze, study, summarize and concentrate the experience and lessons of previous work, and raise it to the theoretical level to understand it.
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here
CATEGORIES
News
- 【XM Forex】--GBP/USD Weekly Forecast: Advance Higher as Central Bank Intrigue Ant
- 【XM Market Review】--FTSE 100 Forecast: Struggles Near 8,300
- 【XM Decision Analysis】--USD/CHF Forex Signal: Greenback Tests Major Resistance A
- 【XM Market Review】--USD/MXN Analysis: Nervous Sentiment Causing a Volatile Forex
- 【XM Forex】--BTC/USD Forex Signal: Short-Term Pullback Before Soaring to 100k