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5.19 Gold opens at a high price latest trend analysis, and the exclusive long and short operation suggestions for crude oil today
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: Analysis of the latest market trend of gold gap and high opening on 5.19, and exclusive long and short operation suggestions for crude oil today." Hope it will be helpful to you! The original content is as follows:
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Analysis of the latest trend of gold:
Gold news analysis: International gold prices fell last Friday (May 16) and are expected to record the biggest weekly decline in six months, as the strengthening of the US dollar and the decline in concerns about the US-China trade war have weakened the attractiveness of gold as a safe-haven asset. As of press time, spot gold fell 1.83% to $3,181.19, hitting a low of $3,154 intraday. Gold prices fell more than 2% last Friday, and fell nearly 4% last week, affected by rising risk appetite from the trade agreement, marking its worst week since November last year. The easing of the trade war has brought risk appetite to the entire market. The shift has prompted futures traders to take profits, especially in the gold market, and has triggered a week-long wave of clearance positions, which has been under pressure for weeks as the market ruled out expectations of stagflation and repriced expectations of interest rate cuts. The market currently expects the Federal Reserve to cut interest rates by about 58 basis points by the end of the year, while the forecast is 120 basis points during the peak of panic sentiment in April.But in the short term, the repricing of expected interest rate cuts may put pressure on gold, so Bosen He reminds us to pay close attention to economic data and the Fed's remarks. From a large cycle perspective, gold has not abandoned the upward trend, because real yields may continue to decline under the Fed's easing policy.
Gold technical analysis: Is the gold market last Friday very similar to Thursday? On Thursday, gold fell first and rose sharply in the evening. Last Friday, gold only started to plunge mode, with a minimum retreat of 3154 and then rebounded upward. So can we still be short this week? Or will the positive line directly swallow all the negative line like last Thursday? I will explain it to you below! Gold reversal again last Friday, weakening and falling since the morning opening and rising, and has stopped around 3152, which is also the 0.786 position of the 3120-3250 wave. From a technical perspective, the hourly line level has been rising strongly and slowly on Thursday, while on Friday, it will generally have a second bottoming; then it will pull up again, and the low level may see the buying support pouring in and boost the gold price again, so let's first look at the wide range oscillation to treat it; the positions in the mid-line layout near 3160 will continue to hold positions and wait. Those who have not entered the market can still enter the market below 3170, and the defensive position remains unchanged at 3142, and things are not three. You must be mentally prepared to buy at the bottom, and watch while walking, not blind, but don't panic!
Last week, the gold price showed a big negative retracement, and the two-day trend was obviously affected by the negotiation process of Russia and Ukraine. At present, the market entered a wide consolidation stage around Thursday's high and low points, and short-term bulls and bears started fierce eouu.cnpetition at the bottom. The market rose to 3252 in the early trading on Friday and fell by nearly 100 US dollars again. At present, the daily line is already a big negative pattern, and the market has once again entered a wide fluctuation of long and shorts; the 3210-12 line above has become a key reverse pressure point again; support 7 86 split position near 3152 and 3140 channels with lower rail support; therefore, if the rebound is at the pressure of the two resistances above, you can see a second bearish fall; if you first test the two support to show a stabilization signal, you can look forward to a bullish rebound and treat it as an oscillation; in addition, this wave of retracement may have a second test bottom, and the opportunity to show a second low point depends on whether the two support can stabilize, and whether the pull-up can be resumed after stabilization, and whether the pull-up can be resumed to 3210-12 to confirm. Since you look at the second bottom, the operation idea is to go long at the dip above 3150. In the early stage, those who go long near 3120 will continue to hold it. You can just enter the market at the dip above 3153 on the right. Overall, in terms of gold's short-term operation ideas today, He Bosheng recommends that the main focus is on retracement and low-long, rebound high-altitude as the auxiliary. The short-term focus on the 3265-3275 line resistance above, and the short-term focus on the 3220-3210 line support below.
The latest trend analysis of crude oil:
Crude oil news analysis: During the US session last Friday (May 16), international oil prices fluctuated and rose in a narrow range, and US crude oil is currently trading around US$61.98 per barrel. Oil prices fell sharply in the previous trading day in the weekFive rebounds slightly, and the weekly line surged and fell. The main reason is that global trade tensions have shown signs of easing and market concerns about the outlook for global economic and oil demand has eased. But the surplus sentiment under pressure on oil prices. Previously, oil prices plummeted more than 2% on Thursday, triggering that U.S. President Donald Trump said the United States is "close" to reach a nuclear deal with Iran and claimed that Tehran has "somehow" accepted the terms of the agreement. But according to a source familiar with the negotiations, there are still key differences between the two sides that have not been resolved. Meanwhile, oil prices rose sharply early this week due to ease of global trade concerns. Asian powers and the United States, as the world's top two oil consumers and economies, reached a 90-day "tariff moratorium." This means that the previously fierce tariff measures will be temporarily terminated, helping to alleviate expectations of a global economic slowdown and weak oil demand.
Crude oil technical analysis: From the daily chart level, the medium-term trend moving average system suppresses the rebound of oil prices, and the medium-term objective trend direction is downward. 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 continued to fluctuate and hit the 60 mark. Oil prices have obtained certain support at 60 to form a rebound rhythm. The moving average system still suppresses oil prices, and the short-term objective trend direction remains downward. From the perspective of momentum energy, the MACD indicator is on the golden cross below the zero axis, and the bulls' momentum becomes stronger. It is expected that after the intraday crude oil trend is slightly upward, the probability of being blocked and falling around 63.50 will be more likely to be blocked again. 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 63.5-64.0 line resistance at the top, and the short-term focus should be on the 60.5-60.0 line support at the bottom.
He Bosheng's message: If you have just entered the market and eouu.cne to me, the author will teach you how to learn and operate; if you are already in it, you can eouu.cne to me and I will help you, and you will not make you make mistakes again and again; if you have already struggled in this market but were covered in bruises, you might as well eouu.cne to me and I will have the confidence to help you regain your confidence. If your position is trapped, I will make a reasonable solution based on your entry point. Because everyone is trapped in different points, the solution method will be different. Some are suitable for stable people and some are suitable for radical people. But the author cannot give all the perfect answers here. He Bosheng suggests that you bring your order. As long as I find He Bosheng, I will use the most appropriate method to solve your problems and assist you in getting out.
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 brings risks, reminding everyone to identify the authoritative platform and the powerful teacher, capital 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 Market Analysis]: Analysis of the latest market trend of gold gap high on 5.19, and the exclusive long and short operation suggestions for crude oil today". It 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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