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market analysis
Strong fluctuations clear the market, low gold and silver range
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: Strong fluctuations and clear the market, low-end gold and silver range". Hope it will be helpful to you! The original content is as follows:
Yesterday, the gold market opened at the early trading position at 3380.7 and then the market first rose. The daily high point of 3385.6 was given, and the market fluctuated and fell. The daily line was at the lowest point of 3358 and then rose strongly. The US market reached the highest point of 3380 and then consolidated. After the daily line finally closed at 3368.6, the daily line closed with a small negative line with a very long lower shadow line. After this pattern ended, it fell back to 3353 and stopped loss 3348 today. The target was 3365 and 3375 and 3383-3386
The silver market opened at 37.795 yesterday and the market rose slightly. The market fell rapidly. The daily line was at the lowest point of 37.593, and the market rose rapidly during the US session. The daily line reached the highest point of 37.942 and then consolidated. After the daily line finally closed at 37.817, the daily line closed in the Kaiming Star pattern with a lower shadow line longer than the upper shadow line. After this pattern ended, 37.6 was more stop loss at 37.45 today, and the target was 37.8 and 38 and 38.2-38.4
The European and American markets opened at 1.15710 yesterday and the market fell first, with the lowest daily line.After the position of 1.15623, the market fluctuated strongly and rose. The daily line reached the highest point of 1.16680 and then the market consolidated. After the daily line finally closed at 1.16593, the daily line closed with a large positive line with an upper and lower shadow line equal to the length of the upper and lower shadow line. After this pattern ended, today's stop loss of 1.16150 is 1.15950, and the target is 1.16550 and 1.16700 breaking the position and see 1.16900 and 1.17100.
The U.S. crude oil market opened at 65.56 yesterday and the market rose strongly. The daily line reached the highest position at 67.14 and then the market rose and fell. The daily line was at the lowest position at 64.03 and then the market consolidated. The daily line finally closed at 64.69 and then closed in an inverted hammer-like pattern with an extremely long upper shadow line. After this pattern ended, today's market continued to bearish demand. At the point, today's short stop loss of 66.3 is 64.5 and 64. If it falls below, it looks at 63.5 and 63.
The Nasdaq market opened at 22995.53 yesterday and the market fell first. The daily line was at the lowest point of 22930.21 and then the market fluctuated strongly. The daily line reached the highest point of 23332.84 and then the market consolidated. The daily line finally closed at 23298.17, and the market closed with a large positive line with a longer lower shadow line. After this pattern ended, the stop loss of 23150 was more than 23090 today, and the target was 23300 and 23350 and 23400-23450 pressure.
Brands, yesterday's fundamentals Fed official Kashkali said that interest rate cuts may be suitable in the short term, and the two interest rate cuts this year are reasonable. The US President said that the US-Russia talks are fruitful and there is a high possibility of a summit with Zelensky and Putin. The news said that the leaders of the tripartite are expected to hold a face-to-face meeting as early as next week. The US president said this morning that he would impose 100% tariffs on imported goods containing semiconductors, but exempt eouu.cnpanies that will produce in the United States. "We will impose very high tariffs on chips and semiconductors, but there is good news for eouu.cnpanies like Apple: If you are building a factory in the United States, or have already promised to build a factory in the United States without a doubt, you don't have to pay any fees. In other words, we will impose about 100% tariffs on chips and semiconductors. But if you are building a factory in the United States, you don't have to pay fees. Even if you are not really starting mass production yet, but building is under construction, you don't have to pay fees. After the risk has increased, the US index fell and gold and silver rose. Today's fundamentals are mainly focused on the Bank of England's announcement of interest rate resolutions, meeting minutes and monetary policy reports at 19:00. Look at the number of initial unemployment claims in the United States from 20:30 to August 2 in the week from 20:30., then look at the monthly wholesale sales rate in June at 22:00 and the New York Fed's 1-year inflation expectation in July at 23:00.
In terms of operation, gold: today, it will fall back to 3353 and 3348, the target will be 3365 and 3375 and 3383-3386
Silver: today, it will be 37.6 and 37.45, the target will be 37.8 and 38 and 38.2-38.4
Europe and the United States: today, it will be 1.16150 and 1.15950, the target will be 1.16 550 and 1.16700 break the level and look at 1.16900 and 1.17100.
U.S. crude oil: 65.8 short stop loss today 66.3, below the target is 64.5 and 64, if it falls below, 63.5 and 63.
Nasdaq: 23150 stop loss today 23090, target is 23300 and 23350 and 23400-23450 pressure.
The above content is all about "[XM Forex Official Website]: Strong fluctuations and clearing the market, low gold and silver ranges" and is 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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