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market analysis
Double consolidation of the weekly line, gold and silver are short and low after being short.
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Hello everyone, today XM Foreign Exchange will bring you "[XM Official Website]: Weekly double consolidation, gold and silver short and low after short". Hope it will be helpful to you! The original content is as follows:
Yesterday, the gold market opened slightly higher at the beginning of the week at 3364.1, and then the market rose slightly. The market rose and fell. The market rose strongly. The weekly line reached the highest position of 3377.7 and then fell twice. The weekly line was at the lowest position of 3309.2 and then rose at the end of the market. The weekly line finally closed at the position of 3350.7, and the weekly line closed in a hammer head with a very long lower shadow line. After this pattern ended, if you fall back to 3332 first stop loss 3326 today, the target is 3345 and 3351, and the break is 3356 and 3361 and 3369.
The silver market opened at 38.473 last week and then the market rose first. The weekly line reached the highest position of 39.122 and then the market began to fall. The weekly line was at the lowest position of 37.482 and then the market consolidated. The weekly line finally closed at 38.188 and then the drought situation closed with a long-foot spindle pattern with a lower shadow line slightly longer than the upper shadow line. After this pattern ended, it first pulled up this week to give a short stop loss of 38.5. The target below is 38.1, 37.8 and 37.6 and leave the market for a long time
The European and American markets opened at the position last week and the market fell first.After the position of 1.15606, the market rose strongly in the short term. The weekly line reached the highest point of 1.17221 and then the market went down strongly. The weekly line was at the lowest point of 1.15538 and then consolidated at the end of the market. After the weekly line finally closed at the position of 1.16219, the weekly line closed with a lower shadow line longer than the upper shadow line. After this pattern ended, today's market first rose by 1.16550 short stop loss by 1.16700. The target below is 1.16150 and 1.16000 and 1.18900 and 1.15800.
The U.S. crude oil market opened at 69.03 last week and the market rose slightly. After giving a position of 69.78, the market fell strongly. The weekly line was at the lowest position of 65.57 and then rose at the end of the trading session. The weekly line finally closed at 67.18 and then closed with a large negative line with a very long lower shadow line. After this pattern ended, today's 68 short stop loss 68.5 is 67.2 and 66.5 and 66.
The Nasdaq market opened lower last week at 22655.54, and then the market fell first. The market rose strongly. The weekly line reached the highest point of 23150.7 and then consolidated. The weekly line finally closed at 23055.48, and then the market closed with a large positive line with a longer upper shadow line. After this pattern ended, if it first pulled up this week, if it gave a short short stop loss of 23150 23200, the target below 23000 and 22900-22850, it was prepared to leave.
Finance, last week's fundamentals The US dollar index rose at the beginning of the week and entered a huge shock. It closed at 98.45 this week, up 0.63%, the second consecutive week of closing positive lines. On Tuesday, the US dollar rose significantly as US CPI inflation rebounded slightly in June, and the market expected the Fed's interest rate cut to lower, and the US dollar rose significantly. On Wednesday, the repeated statements of the US president's firing of Powell led to a rebound in the US dollar's plunge. At the same time, U.S. Treasury yields rose, with the 30-year U.S. Treasury yields once exceeded 5%, further supporting the strengthening of the US dollar. The gold market continued to consolidate and lift, and this week's fundamentals focused on the monthly rate of the leading indicator of the United States June Chamber of eouu.cnmerce at 22:00 on Monday. On Tuesday, Bank of England Governor Bailey, 17:15, Crozner, and Wilkins, who were concerned about 17:15, spoke at the U.K. House of Finance eouu.cnmittee on the Lower House of Parliament on the Bank of England’s semi-annual financial stability report. At 20:30 US session, please follow Federal Reserve Chairman Powell delivered a welcome speech at a regulatory meeting. and the US July Richmond Fed Manufacturing Index at 22:00. On Wednesday, we focused on the initial value of the euro zone's July consumer confidence index at 22:00 and the annualized total number of existing home sales in the United States in June. Then see the beauty at 22:30EIA crude oil inventories in the week of July 18 and EIA crude oil inventories in the week of July 18 and EIA strategic oil reserves inventories in the week of July 18. On Thursday, the European Central Bank announced its interest rate decision at 20:15. Then look at the number of people who requested unemployment benefits in the United States from 20:30 to July 19, and look at the 20:45 a little later, the European Central Bank President Lagarde held a monetary policy press conference. Then look at the initial S&P Global Manufacturing PMI in July at 21:45 and the initial S&P Global Services PMI in July at the United States. Look at the annualized total number of new home sales in the United States in June at 22:00 later. Focus on the monthly rate of June durable goods orders in the United States at 20:30 on Friday.
In terms of operation, gold: If you fall back 3332 first, stop loss 3326, the target is 3345 and 3351, and the break is 3356 and 3361 and 3369.
Silver: Let's rise first this week and give 38.5 short stop loss 38.7, and the target below is 38.1 and 37.8 and 37.6 long.
Europe and the United States: Today's market first rose 1.16550 short stop loss 1.16700, and the target below is 1.16150 and 1.16000 and 1.18900 and 1.15800 to leave the market.
U.S. crude oil: Today, the target of 68 short stop loss is 68.5, and the target of 67.2 and 66.5 and 66.
Nasdaq: If you pull up this week, you will give 23150 short stop loss 23200, and the target of 23000 and 22900-22850, and the target of leaving the market is 23000 and 22900-22850.
The above content is all about "[XM official website]: weekly double consolidation, gold and silver short and short, low and long". 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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