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8.7 Analysis of the latest market trends of gold crude oil surge and plummeting and exclusive operation suggestions today
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Hello everyone, today XM Foreign Exchange will bring you "【XM Group】: 8.7 Gold and crude oil surge and plummet latest market trend analysis and today's exclusive operation 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.
Analysis of the latest gold market trends:
Analysis of gold news: On Wednesday (August 6), spot gold fluctuated and rose in a narrow range, and it is currently trading around $3,376.02 per ounce. Gold prices continued to rise on Tuesday, hitting a two-week high of $3390.32 per ounce, closing at $3380.65, rising for four consecutive trading days, showing strong momentum for upward momentum. This wave of gains was not only driven by the rising expectations of a U.S. rate cut, but also affected by Trump's administration's tariff policies and Fed personnel changes. From the sharp narrowing of trade deficits to the stagnation of service industry activities to the pending Fed’s key appointments, gold’s attractiveness as a safe-haven asset is significantly increasing. The dollar index rebounded to 99 on Tuesday.07, but eventually fell back to 98.76, showing weak rebound. The weakness of the US dollar provides solid support for gold prices, attracting buying on dips and pushing gold prices to withstand the pressure of pullback. Weak employment data and the Trump administration’s decision to replace the bureau’s director of the Bureau of Labor Statistics reinforce market perceptions of the weakening of the dollar’s store of value. Gold's status as a traditional safe-haven asset has been consolidated, and investors' demand continues to heat up.
Gold technical analysis: From a technical perspective, gold rose again last night and approached the high resistance mark of 3400. In fact, gold is already a risk area at the 3390-3400 mark, so it is no longer appropriate to chase the long mark at the moment! In terms of trend, the gold level still maintains a short-term rise, and the short-term trend is still relatively strong, and short can only be short, and the long behind is still the main theme! This week's market breaks and accelerates, and the bottom of gold is a big positive rise. So this time, the upward strength of this full upward trend will become the key watershed for short-term 3400! If there is no continuous rise today, there is no problem with a technical pullback, so the closer we are to the high point, the greater the risk of a pullback, which is also our short-short thinking!
The gold price is suppressed after approaching the acceleration line in the 4-hour period, showing signs of downward trend. It has entered the long risk area in the short term. Be cautious when chasing long at a high level. On the hourly chart, the price flattened horizontally and closed below the moving average, and the indicator turned downward, implying that today's market will likely adjust first and then rise. Gold rose to 3390 in 30 minutes yesterday. The US market surged to 3390 and fell under pressure. The second rebound did not break through 3390, indicating that gold bulls' short-term rise to 3390 is not enough and still need to be adjusted. Today, the 3370 area is still the focus of attention. The 3370 area is the dense area of recent trading. If gold falls below 3370 area again, the probability of gold falling again will increase. However, the sooner it will fall, the greater the chance of gold shorts. If it does not fall below 3370 for a long time, then gold bulls may continue to exchange time for space to accumulate momentum to break through the resistance of the 3390 area above. Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that rebound short sellers should be mainly focused on rebounds and long sellers should be supplemented. The short-term focus on the upper short-term focus on the 3390-3400 line resistance, and the short-term focus on the 3360-3350 line support.
The latest trend analysis of crude oil:
Crude oil news analysis: After experiencing four consecutive trading days of decline, international crude oil prices rebounded strongly on Wednesday, getting rid of the five-week low set on the previous day. The market has once again focused on the risk of potential supply disruption because the US president threatened to impose tariffs on the issue of Asian countries importing crude oil from Russia. During the Asian session on Wednesday, Brent crude oil futures rose 0.4% to $67.93 per barrel; WTI crude oil rose 0.4% to $65.44 per barrel. The day before, both major crude oil benchmark contracts fell by more than $1, hitting a five-week low, mainly because OPEC+ announced that it would increase production in September. Although oil prices are in the short termRebounded by falling inventory and tariff threats, but still faced the dual pressures of supply growth and trade concerns intertwined in the medium and long term. In particular, OPEC+ accelerates production growth, the US's high-frequency diplomatic pressure strategy and the unspecified position of energy policy in Asian countries may keep the oil market in a state of volatile adjustment. In the short term, we need to be wary of the market's high sensitivity to the news side.
Crude oil technical analysis: From the daily chart level, the medium-term trend has increased for three consecutive days in the past week, and has been closed by all three consecutive days of declines. The medium-term objective trend returns to the volatile rhythm. From the perspective of momentum, the MACD indicator is stalemate near the zero axis, and the bulls' momentum performance is insufficient. It is expected that the medium-term trend of crude oil will fall into a new oscillation range. The short-term (1H) trend of crude oil continues to decline and hit a new low. The moving average system suppresses oil prices, and the objective short-term trend direction remains unchanged. Judging from the downward slope, the downward momentum has gradually slowed down. The signal of weakening of short positions can also be seen from the multiple bottom divergences of the MACD indicator. It is expected that crude oil will rebound within the day and will be blocked again. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that rebound high altitudes should be the main focus, and the retracement should be the low long as the auxiliary. The short-term focus should be on the 68.0-69.0 line resistance at the top, and the short-term focus should be on the 64.0-63.0 line support at the bottom.
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 Group】: Analysis of the latest market trends of 8.7 gold and crude oil surge and plunge and today's exclusive operation suggestions". 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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