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5.23 Analysis of the latest trends of gold and crude oil today and guidance on Friday's closing operation
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Hello everyone, today XM Foreign Exchange will bring you "【XM Group】: 5.23 Gold and crude oil market latest trend analysis and Friday's closing operation advice guidance". Hope it will be helpful to you! The original content is as follows:
The recent market rises and falls, and the frequent long-short conversions are frequent. Many investment friends are caught off guard, or don’t know where to start. They fall as soon as they buy, rise when they exit, and return consecutive losses. In fact, this is a situation that many novices 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 novices. 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 trend:
Analysis of gold news: On Thursday (May 22), spot gold showed a technical pullback after hitting the last two-week high of US$3,345. Currently, the US session fluctuates around around US$3,300. Although the moderate rebound of the US dollar index has brought some downward pressure on gold prices, market expectations of the Federal Reserve's further interest rate cuts and concerns about the deteriorating US fiscal deficit have provided important support for non-yield gold assets. In the current gold market environment, the three supporting factors of the weak US dollar, geopolitical risks and economic uncertainty will be difficult to subside in the short term. In particular, the long-term trend of monetization of the US fiscal deficit and the potential deterioration of the situation in the Middle East may become catalysts for further rise in gold prices. But we also need to be wary of the fact that US economic data is unexpectedly strong or geopoliticalThere are signs of easing, which may curb the rise in gold prices in the short cycle.
Gold technical analysis: Looking at the daily gold chart, it continued to close positive yesterday, with a three-day increase rising trend. The short-term rise is extremely likely to reach the trend resistance line of 3500-3438. Continue to pay attention to the important pressure point of 3350-60. Due to the slow rise yesterday, there was another wave of continuous pull-up this morning. The accumulated top divergence finally ushered in a downward correction. This continuous divergence cannot be predicted, and sometimes it will even forcefully reverse, but what should eouu.cne in the end will always eouu.cne; this is a good thing, because only by correcting can you climb higher; of course, the bad thing is Europe A wave of decline in the market will inevitably wash away a lot of bullishness, which is inevitable, because the direction of sticking to the road is upward; but there is a high probability that it will bottom out and pull up tonight, because after the mid-track breaks through, it will become a certain support or puncture, but the closing should still be above. Therefore, there is a certain support near 3285-3280, and the space down will not be too large for the time being. The key pressure level of 3250 breaks through the previous day should not be able to be confirmed immediately. This action must wait until it reaches the pressure of 3350-60, and then the C wave falls before you have the chance to return to measure it.
From the 4-hour chart of gold, yesterday, the pressure was under 618 division resistance was 3317-20, and the retracement was not fully confirmed. The 50 division position was 3279-80, with the lowest being 3290. Then, the morning of today, the wave continued to rise to 3245, and then the European session rose and fell back and washed back. It was just the lowest at 3283, and the segment position will still be confirmed in the end; therefore, as long as the closing of this cycle stabilizes at 3280, it is highly likely to bottom out and pull up; gold is small Looking at the timeline chart: Asian market continues to rise slowly from 3314 support to 3345. In the afternoon, whether it is a 618 split position 3228, or a top-bottom position or a middle-track 3220, they are directly fallen down and crossed. The market is clear that it must sweep out this part of bullish bulls. Only after sweeping can it stabilize; then at present, the 66-day moving average 3283 has temporary support, but since the European market breaks and falls, it is difficult to follow the rebound before the US market. If bullish, there will generally be a secondary suppression, so if you have to wait for a low bullish tonight, you will have to stop at the time node, around 22 o'clock; from 18 o'clock to 21 o'clock, it is generally tempting to attract long positions, and the second downward trend will be 21 o'clock, and a stable signal will appear after 22 o'clock, which is basically true. Now the stabilization and pull-up may be an illusion, and it needs to be observed temporarily; from the above figure, pay attention to 3275-77, or around 3280, and wait around 22 o'clock, and the price still cannot decline and suppress. It is just a moment when you look at a wave of bottoming out and rising at night. You will still test the middle track of the 3320 line. If you stand on it again, you will strengthen and surge in the short term. Therefore, you will still choose to be bullish when it is low above 3380 tonight, and a wave of decline will also repair the divergence, or wait for a stable bullish around 22 points, and the target is 3320 line. If you stand on it again, you will continue to look at 3350, 3360, etc.; Overall, in terms of the short-term operation ideas of today's gold, He Bosheng recommends that you should mainly pull back and rebound.Short as the auxiliary, the short-term focus on the 3315-3330 line resistance above, and the short-term focus on the 3280-3270 line support below.
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 Group】: Analysis of the latest market trends of 5.23 Gold and crude oil today and the recommendations for closing operations on Friday". It was carefully eouu.cnpiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
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