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5.16 Gold bulls have strongly pulled back and continue to be long, crude oil market is recommended for long and short operations
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: 5.16 gold bulls will continue to fall back and continue to be long, crude oil market bulls and bears today's crude oil market bulls and bears will be recommended." Hope it will be helpful to you! The original content is as follows:
Same market, different guidance, different life. The characteristic of novices is that they do not understand technology and enter the market blindly. They only consider one issue each time they trade: they think that as long as they predict the market's rise and fall, they can make this transaction. This approach of focusing on direction and ignoring position has caused traders to fail. In fact, there is a big difference between the "momentum" and the "direction" that follow the trend, because the direction of the market's movement is in a volatile pattern, and the market trend is often global. What I can do here is to help you control your position reasonably, place orders using support and resistance levels, so that every order has reasonableness and traces to follow. The buying and selling points should not enter the market at will, please be responsible for your own funds. If you really can't grasp the market, you can eouu.cne to find me. There will be no loss for you if you have an extra analyst. Always remember one thing: professionals do professional things, and all practical things are only for profits, and cooperation is only for win-win results.
Analysis of the latest gold market trends:
Analysis of gold news: On Thursday (May 15) at 20:30 Beijing time, the United States released a series of major economic data, including retail sales, PPI, number of initial unemployment claims, and the New York Fed and Philadelphia Fed Manufacturing Index. At the same time, Federal Reserve Chairman Powell delivered a speech on the monetary policy framework. The interpretation of data by institutions and retail investors is clearly differentiated, reflecting different judgments on the Fed's expectations for interest rate cuts and economic prospects. After the data was released at 20:30, the market responded quickly and eouu.cnplexly. In the morning, gold rebounded from a one-month low of $3,120 per ounce to around $3,220. The US dollar index fell slightly by 13 points to around 100.80. US stock market futures rose slightly, indicating that the market wasThe field is cautiously optimistic about the data results.
Gold technical analysis: Gold took a perfect V-shaped reversal yesterday. The Asian session opened at 3177 and fell unilaterally. It hit the 3120 post in the afternoon and rose slowly. As of the time of publication, it eouu.cnpletely recovered the decline. It is currently trading around 3243. I have done an analysis in the European session that after the gold price breaks through the extreme drop of 3200, it needs to be repaired, but another rebound correction has been taken. The analysis also gave attention to the fact that the short sellers will continue to bearishly from 3198 to 3202. As the slow rise breaks, the bears will fail after the bears will be invalid. Now let’s make a new analysis.
From a technical point, gold is now back above 3200, and the daily line is positive, which is undoubtedly absolutely strong. The key point is at the gains and losses of 3200. If the retreat is not 3200, then gold is extremely strong. On Friday, it continues to look at the daily line closing positive rise, but if the retreat is below 3200, the daily line cycle may close again, and a continuous rebound to 3235, 3260. Therefore, the key point today is to focus on the gains and losses of 3200.
The performance of gold's 4-hour cycle is now likely to bottom out in the medium term. After the white market's decline rebound, the 4-hour mid-term Bollinger opens. Although it is temporarily strong, if the US market rebounds continuously and stands firmly at 3200, there is a continuous positive pattern at the bottom, breaking the 5 and 10-day moving averages, then there is a great possibility that 3235 will go. Therefore, gold in the late trading should not be inertially bearish because of Wednesday's decline. Even if it is bearish, you should observe the gains and losses of 3200. As for trading, you can try more if you focus on 3200 below, and see the break of 3230 and break of 3250. Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that the pullback should be long and the rebound should be short. The short-term focus on the upper short-term focus should be on the 3265-3675 line of resistance, and the short-term focus should be on the 3225-3215 line of support.
The latest trend analysis of crude oil market:
Crude oil news analysis: According to market research, data released by the U.S. Energy Information Administration (EIA) showed that as of the week ending May 9, U.S. crude oil inventories increased by 3.5 million barrels to 441.8 million barrels, while analysts had expected inventory to decrease by about 1.1 million barrels. This unexpected increase has caused investors to worry that supply may exceed demand, triggering a drop in crude oil prices. The futures price of the June contract of West Texas Intermediate (WTI) fell $1.33 in the early Asian session, or 2.11%, to $61.82 a barrel, continuing Wednesday's 0.8% decline. This is the market's rapid response to the increase in inventory and also reflects the increasing market's concerns about future supply imbalances. The unexpected rise in U.S. crude oil inventories once again reminds the market that the current return of supply chains and capacity release have not yet fully matched the pace of demand recovery. Against this backdrop, oil prices are facing downward pressure, and OPEC+'s conservative expectations for growth in non-group oil-producing countries also suggest that the market may fluctuate more violently in the future.
Crude oil technical analysis: From the daily chart level, the medium-term trend moving average system suppresses the rebound of oil prices, andThe objective trend direction is downward in the future. After the oil price hits the low point of 55.20, the frequent alternation of bulls and bears formed. From the perspective of the pattern, the prototype of the falling flag-shaped relay appears. Pay attention to the strength of the oil price testing the upper edge of the flag. It is expected that after the medium-term trend fluctuates, it will still fall to the 50 position. The short-term (1H) trend of crude oil fell at a high level and fluctuated downward. The moving average system gradually diverges downward, and the short-term objective trend direction is downward. The MACD indicator crosses the zero axis, and bears have the advantage of momentum. It is expected that the crude oil trend will continue to fluctuate and downward intraday. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that rebound high altitudes should be the main focus, and the retracement should be the low long as the auxiliary. The short-term focus should be on the 63.0-64.0 line resistance at the top, and the short-term focus should be on the 60.5-59.5 line support at the bottom.
He Bosheng's message: Currently, friends who are interested in gold, silver, foreign exchange investment, who have just entered the gold market, have severely shrunk their funds and have poor returns can find me. You can add He Bosheng, and I will give you a reasonable solution based on your entry point and fund size. Since I don’t know where your position is located and cannot give a corresponding strategy, it is recommended to bring your single position to find Teacher He Bosheng. I will do my best to solve the problem for you. Now there is an opportunity in front of you, and you can choose to continue to wait and see, but your investment career will not change at all. A thought is extraordinary or a thought in the world, and the choice is in you. Choose the right guidance, He Bosheng will help you establish your own investment ideas, so that you can continue to move forward in the long run and create brilliance together.
This article is exclusively planned by Gold Crude Oil analyst He Bosheng. Due to the delay in online push, the above content is personal advice. Because the online publication is timely and the suggestions in the article are for learning reference only, and the risks of operating based on this are at your own risk. No matter whether the views and strategies of the article are consistent with everyone's opinions, you can eouu.cne to me to discuss and learn together! There is nothing difficult in the world, I am afraid of those who are interested. Investment itself carries risks, reminding everyone to identify the authoritative platform and the strong teacher. Fund safety is the first priority, secondly, consider operational risks, and finally how to make a profit.
The above content is all about "[XM Foreign Exchange Platform]: 5.16 gold bulls continue to be long and short, and today's crude oil market trend is recommended for long and short operation" is carefully eouu.cnpiled 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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