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5.30 Gold surges and crude oil plummet latest market trend analysis and today's exclusive operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: Analysis of the latest market trends of gold soaring, crude oil plummeting and exclusive operation suggestions today." 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 trend:
Analysis of gold news: On Thursday (May 29), the spot gold maintained a fluctuation during the day. It opened at $3285.91/ounce today, reaching a high of $3294.46/ounce and a low of $3245.29/ounce. As of press time, the gold price was $3316.01/ounce, a drop of 0.34%. The rulings that prevented tariffs from being implemented stimulated a rebound in market risk appetite sentiment, resulting in a decline in safe-haven demand. Gold fell for the fourth consecutive day, falling to a new week-and-a-half low of about $3,245 per ounce. At the same time, the Federal Reserve's minutes were eclipsed, the U.S. Treasury yields rose, and the US dollar index returned to the 100 mark jointly suppressed the gold price.The recent continuous decline of gold is mainly due to the double impact of the rebound of the US dollar and the decline in safe-haven demand, but medium- and long-term support forces are still accumulating. Especially in the context of the Federal Reserve's delay in cutting interest rates and intensifying geopolitical conflicts in the Middle East. Pay close attention to the announcement of the US PCE price index this Friday as a key turning point in judging the Fed's policy path and gold price trend.
Gold technical analysis: The gold price rose to 3325 yesterday and then fell rapidly. On Thursday, the Asian session fell to the 3245 line, but it should be noted that the current market is not a unilateral trend. Despite the plunge, the price rebound is significant, and the overall performance is still fluctuating and adjustment. Judging from the monthly line cycle, gold prices showed a sharp fluctuation throughout May, with a long upper and lower shadows, reflecting the fierce game between bulls and bears. Since the daily 3121 low started to rise, the market lacks momentum for continuous large upward trend, and the short-term trend is easily driven by news. Therefore, whether it is the current or the upcoming June, the market is likely to continue the huge shock mode. Do not blindly chase the rise and sell the fall.
After gold experienced a decline in the morning, the entire European session showed a continuous pullback, and the price hit the 3318 line during the US session, but overall, the current market still belongs to a wide range of fluctuations and wash-up mode. It is difficult for both bulls and bears to form a continuous dominance in this pattern, the rise and fall lack coherence and the fluctuation range is large, and short-term operations are very susceptible to repeated trends, and the difficulty of grasping is significantly increased. For the current rebound, it should not be defined as a strong one-sided rise. The typical feature of a volatile market is the repetition of the trend. In the 4-hour cycle, the 3326 position of the decline can be regarded as a watershed for long and short. Evening operations should focus on the pressure situation at this position: If the price runs below 3326, you should be wary of the risk of rising and falling. You can rely on the 3320-3325 range to try to lay out short positions to eouu.cnpete for high selling opportunities in the volatile market. It should be noted that if the price quickly breaks through the upward trend to the 3340-3350 area in the short term, it is necessary to prevent the risk of pullback after overselling. Once it falls, its strength is often the same as the increase. Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that the pullback be long, and the rebound is supplemented by high altitude. The short-term focus on the upper short-term focus on the 3325-3335 line resistance, and the short-term focus on the 3290-3280 line support.
The latest market trend analysis of crude oil:
Crude oil news analysis: International crude oil prices rose on Thursday. Brent crude oil futures rose 81 cents, or 1.25%, to $65.71 a barrel; U.S. WTI crude oil rose 83 cents, or 1.34%, to $62.62 a barrel. The U.S. Trade Court ruled Wednesday that President Trump's eouu.cnprehensive tariffs on countries with trade surplus exceeded his authority. The ruling boosted risk appetite in global markets and eased investors' concerns about trade. The US court ruled that the positive effects of reversal of tariff measures may be difficult to support market sentiment in the long run, and supply uncertainty in Russia and Venezuela will continue to support oil prices. OPEC+'s decision this week will become the key point in the next stage of the oil market, closely monitor the production adjustment signals.
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 fluctuates upward, and oil prices break through the 62 resistance level. The moving average system is divergently arranged upward, and the short-term objective trend direction is upward. In terms of kinetic energy, the MACD indicator opens the golden fork above the zero axis and the bulls perform sufficient momentum. It is expected that the probability of crude oil trend continuing to rise during the day is relatively high. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that the main focus should be on the low-sinking back, and the rebound should be supplemented by the high altitude. The short-term focus should be on the 62.0-63.0 line resistance at the top, and the short-term focus should be on the 59.5-58.5 line support at the bottom.
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.
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