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5.21 Analysis of the latest market trends of gold and crude oil surges and today's exclusive operation suggestions
Wonderful Introduction:
The moon has phases, people have joys and sorrows, whether life has changes, the year has four seasons, after the long night, you can see dawn, suffer pain, you can have happiness, endure the cold winter, you don’t need to lie down, and after all the cold plums, you can look forward to the New Year.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: Analysis of the latest market trends of both gold and crude oil soared on 5.21 and exclusive operation suggestions today." Hope it will be helpful to you! The original content is as follows:
The recent market rises and falls, and the long-short changes frequently. Many investment friends are caught off guard, or don’t know where to start, and falls as soon as they buy, rises when they exit, and continue to lose orders back and forth. In fact, this is a situation that many novice friends will encounter. Let me tell you here that first of all, don’t operate frequently when doing trading, and secondly, you need to have a precise control of the market and stick to your own trading system. Of course, these are empty talk for some novice friends. After all, there is no strict trading plan to enter the market. Most of them are chasing up and selling down, which leads to serious losses. If you see the article at this moment, you can consult yourself to eouu.cnmunicate and help you point out all the problems in making orders, so that you can avoid detours in the process of trading.
Analysis of the latest gold market trends:
Analysis of gold news: International gold prices rose sharply during the US market on Tuesday (May 20), supported by the weakening of the US dollar. Although the market is cautiously paying attention to the latest progress in the Russian-Ukrainian peace negotiations and the US tariff policies, although risk aversion sentiment has cooled down, the atmosphere of uncertainty is still strong. As of press time, spot gold rose 1.48% to $3,293.99 an ounce. The decline in the U.S. dollar index makes gold denominated in USD more attractive to holders of other currencies. The main focus of the gold market today is on optimistic expectations of U.S.-China trade relations and the hope of a ceasefire negotiations between Russia and Ukraine. Investors seem to mostly ignore Moody's downgrade of the U.S. credit rating. Although rising risk appetite suppresses gold prices, the persistent uncertainty still supports gold prices.
Gold technical analysis: Gold broke through the U.S. session yesterday, and the price rose rapidly and broke through the 3252/3265 position. At present, the daily cycle has touched the pressure of the middle track, and the high and low points of the market have reached US$80. Be careful not to chase long. After breaking the level, wait for the opportunity to retrace and go long. After the US market broke through the box and fluctuated strongly, Gold 3260 went long directly, rising as scheduled, and reaping, while the US market fell backwards.
The gold 1-hour moving average of gold is upward, and eventually it still diverges upward. The volume of the bulls can open. The previous resistance of gold 3252 has now converted into support. According to the expansion of the previous increase, the rise can be seen at 3300/3330. In the short term, focus on the retracement of 3352/3360 and go long in batches. Note that if the high level is strongly fluctuating and closing, it will be long today on Wednesday. Since gold has broken through, then the decline is a chance to go long. We never act as a dead bull or a dead bear. Now the decline is to go long. 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 3330-3350 line resistance, and the short-term focus should be on the 3270-3250 line support.
The latest trend analysis of crude oil market:
Crude oil news analysis: The oil market started with a volatile upward trend this week, with Brent crude oil futures rising $0.13 to close at $65.54 per barrel, and U.S. crude oil futures rose $0.20 to $62.69. The previous week, both major contracts recorded an increase of more than 1%. Geopolitical factors have once again become the core driving force for rising oil prices. According to Iranian state media, Iranian Deputy Foreign Minister Majid Takht-Ravanchi clearly pointed out that if the United States continues to ask Iran to give up uranium enrichment activities, the negotiations on the nuclear agreement between the two sides will "end in no time." This statement significantly weakened market expectations for an agreement. Overall, the current upward trend in oil prices is supported by geopolitical risks, but the oil market is in a fragile mood amid the interweaving of rating downgrades, global economic slowdowns and uncertainties in trade policies. If the US-Iran negotiations eouu.cnpletely break down, oil price fluctuations may intensify and the range fluctuations will be maintained in the short term. We will continue to pay attention to the upcoming crude oil inventory data and OPEC monthly report.
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 first adjusted its weak position, and oil prices gained support at 61 to rebound upward. The moving average system relies on oil prices, and the short-term objective trend direction is upward. The MACD indicator hovers around the zero axis, and the bulls' momentum is ineffective in upward. It is expected that the crude oil trend will remain fluctuating and rising repeatedly during the day. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that the rebound is mainly low-stop, rebound is supplemented by high altitude, and the short-term focus on the resistance of 64.5-65.5 lines.In the short term, we will pay attention to the first-line support of 62.0-61.0.
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 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 Market Analysis]: Analysis of the latest market trends of both gold and crude oil surges and today's exclusive operation suggestions". It was 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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