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7.24 Will gold continue to rise today's market? The latest long and short operation suggestions for crude oil
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: Will the market continue to rise today when the 7.24 gold fell at a high level? The latest long and short operation suggestions for crude oil." Hope it will be helpful to you! The original content is as follows:
Plan your trading, trade your plan, don’t be lucky in the face of trends, otherwise you will be in pain and upset after being trapped. The more you are confused, the more panicked you become, the more at a loss, and then you will continue to increase your positions against the trend, and the result will be extremely painful. The market is full of opportunities, and opportunities are reserved for those who are prepared. If you miss the opportunity every time you miss it, you will be slapped and then slapped your thighs again. Don’t be too eouu.cnplacent when making money in the market, and don’t be depressed when losing money. Try to maintain a balance and have a professional view of your trading. Don’t expect that this or that will happen in the trading. What you are looking for is careful consideration of the facts, rather than catching up on the wind and shadow.
Analysis of the latest gold market trends:
Analysis of gold news: During the late trading of the US market on Wednesday (July 23), spot gold fell sharply at a high level, and it is currently trading around $3,390.53 per ounce. Spot gold prices broke through the $3,400 mark on Tuesday, hitting a high of $3,433.37/ounce, setting a new high since June 16, and closing up 1% to $3,431.59/ounce. The weak performance of the US dollar further supports gold prices. The U.S. dollar index fell 0.3% to 97.545, hitting a two-week low. This wave of strong rise in gold prices is fueled by global trade uncertainty and the help of falling yields of the US dollar and US Treasury bonds. As a result of trade uncertainty and falling U.S. Treasury yields, investors continue to pay attention to President Trump’s August 1 tariff negotiation deadline. Furthermore, tariff negotiations are currently in a deadlock, the rebound momentum of the US dollar has slowed down, and gold prices have gained a rebound momentum to strengthen. Although trade negotiationsUncertainty and the outcome of the Fed's meeting at the end of this month will be key variables in gold prices. If the negotiations make a breakthrough, market risk appetite may rebound and gold prices may face pressure to pull back. But it just continues to maintain fluctuation adjustments.
Gold technical analysis: Gold has shown a strong upward trend recently, closing slightly positive on Friday. It has closed positive for two consecutive days so far this week, forming a three-consecutive positive trend, with strong short-term momentum. Although there was a fluctuation and recovery in the white session of gold yesterday, it only retreated to around 3383. In the evening, gold rose sharply and strengthened, breaking through the 3400 resistance, and rising through the pressure of the trend line 3420, and the high point pressure was measured to around 3438. The daily line finally closed with another big positive. At present, the daily line structure of gold has seriously exceeded previous expectations. The daily line and the 4-hour chart are both seriously overbought and there is a top divergence signal. Although there is a need for a revision and adjustment, in the current market, the short-term technical demand will be suppressed, and the fundamentals and technical aspects are contradictory and restrained. Therefore, gold should not be forced to find out the reason for the day. It will give time to digest the market within the day, and also give the market a calm process. After the market sentiment is stable and the fundamentals can be further guided, then make corresponding adjustments and analysis.
From the technical point of view, the daily line cycle Bollinger has just opened, and the k-line is above the Bollinger upper track, and it is absolutely strong now. As long as the daily line does not close negative, it is difficult to confirm that it will reach its peak. Therefore, closing on Wednesday is more important. If it continues to close positive, look at 3450 above. If it closes negative, adjustment signals may appear on the daily line. The performance in the 4-hour mid-term is now likely to reach its peak. In the morning, gold opened to a high of around 3438, and opened up to a high and fall back. The strength is still relatively strong now. So, today we should pay attention to whether there is a possibility of a mid-term peak. The support below is 3405, 3400. If the level breaks below 3405, there may be a continuous adjustment to 3385 today. Then, the probability of the daily line closing negative is high. On Thursday and Friday, it may go to 3375, 3350. If 3400 does not break, there is also a possibility of high fluctuations on Thursday and Friday. Therefore, today's market is quite eouu.cnplicated. Although gold is currently bullish, it cannot be overly bullish. Shorting at high levels requires risk, but you can try it. Going long depends on the gains and losses. 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 3410-3420 line of resistance above, and the short-term focus on the 3370-3360 line of support below.
The latest market trend analysis of crude oil:
Crude oil news analysis: Boosted by the progress of trade negotiations, Brent crude oil futures prices rebounded to around $69 per barrel after three consecutive days of declines, while WTI crude oil hovered around $66. The U.S. announced a 19% tariff agreement with the Philippines and a 15% tariff arrangement with Japan, which has stimulated a rebound in risk assets in Asia to boost market risk appetite. According to market research, an energy trader pointed out: "The market shows optimism about the new tariff agreement in the short term, butCrude oil demand expectations are still being curbed by a global economic slowdown. "The US plans to extend the negotiation period, and the scope of the topic will be extended to energy trade issues. The current rebound in the crude oil market reflects more the improvement of sentiment at the short-term trading level, rather than the substantial recovery on the demand side. If the tariff arrangements between the United States and Asian countries can form a medium- and long-term framework, it may provide more stable support for oil prices. But for now, oil prices are still facing multiple pressures such as global consumption, uncertain inventory changes and geopolitical risks, and the overall trend is biased towards volatile consolidation.
Crude oil technical analysis: crude oil from At the daily chart level, the medium-term trend fluctuates upward test around 78, the K-line closes to a large physical negative line, and has not yet destroyed the moving average system, and is still supported. The medium-term objective trend is still upward. However, from the perspective of momentum, the MACD indicator is dead crossing down above the zero axis, indicating that the bulls' momentum is weakened, and it is expected that the medium-term trend of crude oil will fall into a high-level oscillation pattern. The short-term (1H) trend of crude oil fluctuates and falls and hits 64.80 to obtain support and rebound, and the rebound strength is limited. Oil prices repeatedly cross the moving average system, and the short-term objective trend direction oscillates. MACD refers to The golden cross below the zero axis opens its mouth upward, indicating that the lower action can weaken. It is expected that the crude oil trend rebounds to around 66 in the day and will be blocked again. Overall, in terms of crude oil's operation ideas today, He Bosheng recommends that the rebound is mainly high altitude, and the retracement is supplemented by low-stop. The short-term focus on the resistance of 67.5-68.5 in the upper short-term focus on the resistance of 63.5-62.5 in the lower short-term focus on the support of 63.5-62.5 in the lower short-term focus on the support of 63.5-62.5 in the lower short-term focus on this article.
This article is exclusively planned by He Bosheng, a gold crude oil analyst. Due to the delay in network push, the above content is personal suggestions. , Because online posting is timely, the article is recommended for learning reference only, and the operation risks are borne by yourself. Regardless of whether the views and strategies of the article are consistent with everyone's opinions, everyone can eouu.cne to me to discuss and learn! There is nothing difficult in the world, I am afraid of those who are interested. Investment itself brings risks, and it is recommended that you identify the authoritative platform, the teacher of strength, the safety of funds is the first, and the operation risks are considered, and finally how to make a profit.
The above content is about "[XM Foreign Exchange]: Will gold fall at a high level of 7.24, will the market continue to rise today? The latest long and short operation suggestions for crude oil" is carefully eouu.cnpiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thank you for your support!
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