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Strong US index pressure on commodities, gold and silver rebound to short
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Hello everyone, today XM Foreign Exchange will bring you "【XM Group】: Strong U.S. index pressures eouu.cnmodities, gold and silver rebound to short-shorts." Hope it will be helpful to you! The original content is as follows:
Yesterday, the gold market opened at 3383.8 in the morning and then the market first rose. The daily line was high at 3392.5, and then the market fluctuated strongly. During the US session, the daily line was at the lowest level of 3332.8, and the market rose at the end of the trading session. The daily line finally closed at 3353.2, and the market closed with a very long lower shadow line. After this pattern ended, the long position of 3303 in the previous day was reduced and the stop loss followed at 3320. If you pull up first, you will give 3375 short stop loss 3381. The target below is 3360 and 3350, and if you fall below, you will see 3345 and 3335-3332 support. If you fall below, see 3327 ready to leave.
The silver market opened at 34.719 yesterday and the market rose slightly. The daily line was high at 34.754 and then fell strongly. The daily line was at the lowest point of 33.939. The market rose strongly at the end of the trading session. The daily line finally closed at 34.513. Then the market closed with a hammer head with a very long lower shadow line. After this pattern ended, today, the 34.1 long stop loss was 33.9, and the target was 34.55 and 34.75 and 35.
European and American markets opened at 1.1 yesterdayAfter the position of 4392, the market first rose and gave the position of 1.14545, and then the market fell strongly. The daily line was at the lowest point of 1.13631, and the market consolidated. The daily line finally closed at the position of 1.13700, and then the market closed with a mid-yin line with a slightly longer upper shadow line than the lower shadow line. After this pattern ended, 1.14300 short short stop loss of 1.14500 today, and the target below is 1.13600, 1.13350 and 1.13200 to leave the market.
The US crude oil market opened at 63.15 yesterday and the market rose slightly. The market fell rapidly. The daily line was at the lowest point of 62.58 and then the market rose strongly at the end of the trading session. The daily line reached the highest point of 64.07 and then the market fell back by the pressure of the Bollinger mid-rail in this round. The daily line finally closed at 63.53. After the market closed with a spindle pattern with an upper and lower shadow line. After this pattern ended, 63.8 was shorted and 64.3 today. The target below looked at the support of 63.1 and 62.7-62.5.
Nasdaq market opened at 21511.25 yesterday and the market fell directly. The daily line was at the lowest point of 21354.92, and the market rose strongly. The daily line reached the highest point of 21719.7. After the market consolidated. The daily line finally closed at 21647.32, and the market closed with a medium-positive line with a long lower shadow line. After this pattern ended, today's market still had a long demand for bullishness. At the point, the stop loss of more than 21500 today was 21400, and the target was 21650 and 21750 and 21800.
The fundamentals, yesterday's fundamentals, the vacant positions in the United States unexpectedly increased significantly, and the monthly rate of factory orders in April recorded the largest decline since January 2024. In terms of tariffs, the current U.S. government has raised steel and aluminum tariffs to 50%, and will take effect on the 4th. Sources said that the U.S. has proposed a "long and harsh" list of requirements to Vietnam during tariff negotiations. The EU has not received a letter from the United States asking for a "best trade quote". The Brazilian president said that if he fails to reach an agreement with the United States on tariffs, he will resort to the WTO or take reciprocal measures. Therefore, the US dollar index rose rapidly and the gold and silver market fell. Today's fundamentals mainly focus on the 20:15 US ADP employment in May is expected to be 115,000 in this round, eouu.cnpared with the previous value of 62,000. Look at the final value of the US S&P Global Services PMI in May at 21:45 a little later, and then look at the US ISM non-manufacturing PMI in May at 22:00. Then look at the 22:30 U.S. to May 30 EIA crude oil inventories and U.S. to May 30 EIA Cushing crude oil inventories and U.S. to May 30 EIAIA Strategic Oil Reserve Inventory. Tomorrow, the Federal Reserve will announce the Beige Book of Economic Conditions at 2:00 am.
In terms of operation, gold: The long position of 3303 on the previous day was reduced and the stop loss followed by 3320. If you first pull up today, give 3375 short stop loss 3381. The target below is 3360 and 3350, and the support below is 3345 and 3335-3332. If you fall below, see 3327 and prepare to leave for a long time.
Silver: 33.9, 34.1 long stop loss today, 34.55 and 34.75 and 35.
Europe and the United States: 1.14300 short stop loss today, 1.14500, 1.13600, 1.13350 and 1.13200, 1.13200, are ready to leave.
U.S. crude oil: 64.3 short stop loss today at 63.8, and the target below is 63.1 and 62.7-62.5 support.
Nasdaq Index: Today's stop loss of 21,500 is 21,400, with a target of 21,650, 21,750 and 21,800.
The above content is all about "[XM Group]: Strong U.S. index pressures eouu.cnmodities, gold and silver rebounds to short-shorts". 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!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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