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6.18 How to get rid of short positions in crude oil soaring? Gold continues to fluctuate and today's long and short operations suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: How to unblock short positions with the skyrocketing crude oil surge in 6.18, and gold continues to fluctuate today's long and short operations suggestions." 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.
The latest gold market trend analysis:
Gold news analysis: On Tuesday (June 17), spot gold fell back to around $3,365 during the US trading session, and its current quotation is about $3,389. Recently, the market's expectations that the Federal Reserve will continue to cut interest rates in 2025 have gradually heated up, and the US dollar has failed to attract strong buying, thus providing support for interest-free asset gold. Meanwhile, geopolitical tensions have further boosted the risk-haven demand for gold. Israel recently launched an attack on Iran's state television station, and Iran responded strongly, claiming that it would carry out "the largest attack in history." In addition, the fires of three oil tankers near the Strait of Hormuz have also exacerbated the tension in the situation, and the market's risk appetite has cooled down significantly, providing strong momentum for gold's safe-haven buying.
On Wednesday, the Federal Reserve will announce monetary policy, with the market generally expecting interest rates to remain unchanged, but it is concerned whether Powell hints at a future rate cut. The market generally expects the Fed to keep interest rates unchanged at its current meeting, despite pressure from Trump to continue to cut interest rates. Considering the current economic uncertainty remains high, including tariff policies and geopolitical tensions, the Federal Reserve may choose to hold back and further postpone the rate cut. In addition, the current market's judgment on inflation and growth is not clear, which makes investors still wait-and-see about the Fed's future policy path.
Gold technical analysis: At the beginning of the week, gold prices experienced a surge and decline, and finally fell below the $3,400 mark and recorded a large negative column, with a drop of about $70. eouu.cnbining the intraday trend and the gradual downward pattern of the high points in the weekly chart, it can be seen that the bears' control efforts in the market are gradually strengthening. Although gold prices failed to continue the bullish trend at the beginning of the week, it does not mean that the bears have a eouu.cnplete advantage, especially before the Fed's interest rate resolution was announced on Thursday, the market still had strong uncertainty about the future trend. From a technical perspective, yesterday's decline drove the gold price to run below the upper track of the Bollinger Band again, and the short-term 5-day moving average also fell. Although there is still a possibility of rebound in the short term, the overall pattern is relatively short. Bollinger has signs of closing, which means there may be fluctuation adjustments in the future, especially the rebound strength after falling support is worth paying attention to.
From the 4-hour chart of gold, gold has continuously shown a negative line pattern, the price continues to run below the short-term moving average, and the short-term moving average forms downward resistance. The bonding between the 5-day moving average and the 20-day moving average has formed strong pressure, and the MACD indicator also shows a dead cross pattern, suggesting that the bears may continue the downward trend. However, the Bollinger band lower rail provides some support, so at the 4-hour level, shorts are dominant and gold may continue to extend downward. The three tracks of the Bollinger band in the 4-hour chart begin to close, forming a trend of interval eouu.cnpression. The current pressure level above is between US$3404-3409, mainly eouu.cnposed of the bonding points between the middle rail and the short-term moving average MA10. The support level below is at the $3380-3363 line, affected by the support of MA30 and MA10. Judging from the 4-hour chart, if the price falls, the rebound will not exceed US$3420-3422. The 1-hour chart shows that the MACD indicator has a dead cross and shrinks its volume, and the flexible indicator STO is in the oversold area, indicating that the current gold trend is weak. The pressure above is around $3412 and is eouu.cnposed of the bonding of moving averages MA60 and MA30. Therefore, there is a high possibility that gold will continue to fluctuate and consolidate in the short term, so we need to pay attention to the breakthrough situation in this pressure area. Overall, in terms of today's short-term gold operation ideas, 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 3415-3425 line of resistance above, and the short-term focus on the 3375-3365 line of support below.
The latest trend of crude oil market:
Crude oil news analysis: In the early trading on Tuesday, Brent crude oil futures rose by $0.73, an increase of 1%, at eachUS WTI crude oil rose 0.55, or 0.78%, to US$70.38 per barrel. Both rose by more than 2% earlier, mainly due to the sudden deterioration of the geopolitical situation. The two benchmark oil prices fell more than 1% on Monday as media reports that Iran may seek to ease the situation. But it turns out that the market's short-term optimism has not lasted. The current oil price trend is mainly driven by geopolitics rather than fundamentals. The market's sensitivity to the situation in the Middle East has increased to an extremely high level, and a slight turbulence will be triggered. The possibility of supply disruption in the short term is still high, and we should pay close attention to Iran's oil export trends and actual execution after the OPEC+ meeting. At the same time, beware of the risk of violent consolidation under the mix of geopolitical and negotiation news.
Crude oil technical analysis: From the daily chart level, crude oil prices break through the upper resistance of the range in the medium term, testing a new high of 75.50. The moving average system is arranged in a bullish manner, and the medium-term objective trend is on the rise. The current trend is in the upward rhythm of the main trend. The fast and slow line of the MACD indicator coincides with the bull pillar above the zero axis, indicating that the bull momentum is full at the moment, and it is expected that the medium-term trend is expected to usher in a rising rhythm. The short-term (1H) trend of crude oil surged and fell in the morning to test the intraday high. Oil prices cross the moving average system up and down, and the short-term objective trend direction shows a volatile rhythm. In terms of kinetic energy, the MACD indicator is fast and slow, and the golden cross is opened upward, and the kinetic energy of the long and short is stuck together; from the perspective of the pattern, there is a flag-shaped relay pattern, and there is a puncture on the upper edge of the flag, and the overall trend is the secondary rhythm. It is expected that the crude oil trend will fluctuate and consolidate within the pattern. 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 high-altitude as the supplement. The short-term focus should be on the 77.0-78.0 line resistance at the top, and the short-term focus should be on the 74.0-73.0 line support at the bottom.
He Bosheng's message: Now is the era of the rise of the investment industry, and I believe investors are also confused. For example, among the questions of what kind of investment, what platform to choose, how much money to put, whether the funds are safe, whether they can make profits, etc., He Bosheng has seen too many customers' experiences in recent years, and has doubled in one year, lost half of them in one month, etc. I won’t choose to change anything, nor can I change anything. This is the market. What I can do is to make myself work harder, insist on doing my own transactions, and deserve the trust of my customers and me. I guarantee you too much, and what I get is a thousand miles apart. The trust between people is gradually lost. What I want to do is not a one-time transaction, but I hope for a good relationship that will last forever. He Bosheng helps you establish your own investment ideas so that you can go on for the long term, create brilliance together and win-win cooperation.
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 Review]: How to unwind the short orders of crude oil soaring in 6.18, and gold continues to fluctuate today's long and short operation suggestions". It is 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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