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5.26 Analysis of the price fluctuation trend of gold and crude oil today and exclusive long and short operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "【XM official website】: Analysis of the price fluctuation and trend of gold and crude oil today and exclusive long and short operation suggestions". Hope it will be helpful to you! The original content is as follows:
Those who save yourself can save others. The hard thing is not that you make a profit every day, but how to solve it when you are in adversity. People's will will be shaken with the passage of time and the influence of objective things. You must seek internally in good times. Only those who know themselves can be wise and go to a higher point. When you are in adversity, you must seek internally. Only when you are strong can you defeat the enemy and win! All external roots eouu.cne from our inner self! We cannot change the uncertainty of objective things, but only by following the laws of objective things from the beginning to the end can we go further! And the so-called law is actually a fait accompli in historical data! Human nature is difficult, so history will happen again! Just like spring, summer, autumn and winter, the four seasons are reincarnated, birth, old age, sickness and death, joy, anger, sorrow and happiness! The same is true for the market! Because the essence of the market is a game of human nature!
Analysis of the latest gold market trends:
Analysis of gold news: Last Friday (May 23), spot gold continued its strong performance this week. After experiencing a technical pullback from a two-week high on the previous trading day, it re-attracted the price of buying on dips, and the trading price remained above $3,350. Fundamental factors continue to provide upward momentum for precious metals, with gold rising 3% this week and expected to record its best single-week performance since early April. Previously, Moody's ratings downgraded the U.S. credit rating from the highest rating "Aaa" last week, coupled with the weak results of Wednesday's 20-year Treasury bond auctions showing a weakening market demand for U.S. assets. These factors eouu.cnbined with uncertainty in the U.S. economic outlook, continue to *dollar performance, providing support for gold denominated in US dollars. The economic data on this trading day is relatively small. Pay attention to the total annualized total number of new home sales in the United States after the seasonal adjustment in April. Continue to pay attention to the speeches of Federal Reserve officials and pay attention to the local area.Related news about the situation and international trade situation.
Gold technical analysis: In recent market, 3350 has returned three times, and the 3365 high-point refresh and the 3350 high-end closing proves the strength of the bulls. Faced with such a strong bull market, should we follow the trend or think in the future? I think first of all, we must pay attention to the theme of gold trends, and the word "repeat". Although the probability of gold rising is high at present, with the repeated experience of 3350, 3365 should not rule out the possibility of replication; secondly, the decline of the US dollar gives bulls the momentum to rise, and does not meet the requirements of full control of the market. This point must be judged at least after the 3400 mark effectively stabilized. Furthermore, the risk aversion incident is warm but not hot, and it is difficult to give gold the momentum to break through the 3400 mark and the pressure is strong.
From the technical perspective, there is no need to say that the bulls have the advantage in the weekly line. On the daily line, the positive rebound rose, with an increase of about $78, which is enough to reflect the strength of the bulls. In addition, yesterday's bottoming out and rebounding, the current price is running between the Bollinger band upper track and the 5-day moving average. The short-term moving average extends strongly upward, forming support at 3287 and 3315 respectively. In addition, it is arranged in a bullish manner in eouu.cnbination with other cycle indicators. The daily line should be inclined to continue the upward trend. In terms of 4 hours, after Friday's consecutive positive pull-up, the gold price once again effectively crossed the short-term moving average and drove the short-term moving average to run upward. The bulls of other cycle indicators are arranged, and the Bollinger bands are generally upward. In addition, the macd indicator is in a golden cross pattern and intends to continue to rise. The red column has sufficient upward potential energy, so the overall bulls can be expected to be continued at the 4-hour level.
Pay attention to the support area at the beginning of this week, and look at the stabilization of 3340 first. If it can break through 3370, it will mean that the bulls have the momentum to hit 3380 and above. Otherwise, they may fall into a volatile trend, as Monday is the US Memorial Day closed for one day without a US market. So I expect that above 3380, you can still participate in short orders at the right time. As for resistance, pay attention to the near 3370, and secondly, focus on the strong pressure in the 3386 area. Judging from the current performance of gold, the former is expected to break through during the European session, while the latter is limited because there is no US market amplitude space at the beginning of the week, so a stable short-short layout can be made. Overall, in terms of the short-term operation of today's gold, He Bosheng recommends that rebound short sellers should be the main focus, and pullbacks should be the auxiliary focus. The short-term focus on the 3365-3475 line of resistance above, and the short-term focus on the 3322-3312 line of support below.
The latest market trend analysis of crude oil:
Crude oil news analysis: Oil prices continue to be under pressure this week, and there has been a significant decline due to multiple factors. As of early Asian trading on Friday, Brent crude oil futures fell 37 cents to $64.07 a barrel; U.S. WTI crude oil futures fell 39 cents to $60.81 a barrel. Brent crude oil fell 2% throughout the week, while WTI fell 2.7%. The primary factor that leads to pressure on oil prices is the strengthening of the US dollar. According to market research, the U.S. House of RepresentativesThe passing of the tax cuts and fiscal spending bill proposed by President Donald Trump has boosted the exchange rate of the dollar against a basket of currencies. Since oil is denominated in US dollars, a stronger dollar usually suppresses the purchasing power of non-US dollars buyers, thereby lowering oil prices. The downward trend of oil prices this week reveals that the market is extremely sensitive to the supply and demand structure. The eouu.cnbination of the strengthening of the US dollar and the expectation of OPEC+ production increase has intensified bearish sentiment in the oil market. Although demand is gradually recovering, current supply is facing significant growth pressure, and oil prices may maintain a volatile downward pattern in the short term. Pay close attention to the OPEC+ meeting dynamics and further changes in U.S. inventory and drilling activities to judge the subsequent trend of the oil market.
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 downward and hit a new low. The moving average system suppresses the downward arrangement of oil prices, and the short-term objective trend direction is downward. From the perspective of momentum energy, the MACD index is on the golden cross below the zero axis, and the short-selling momentum has weakened, but the shorts still have the advantage. Oil prices fluctuated in the early trading, and it is expected that the crude oil trend will continue to decline during the day, testing the 60 support level. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that rebound high altitudes be supplemented, and the retracement of low longs be supplemented. The short-term focus on the 63.0-64.0 line resistance above, and the short-term focus on the 60.5-59.5 line support below.
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 official website】: Analysis of the price fluctuation trend of gold and crude oil today and exclusive long and short operation suggestions", was carefully eouu.cnpiled and edited by the XM Forex editor. I hope it will be helpful to your transactions! Thanks for the support!
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