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8.8 Gold rises strongly and crude oil falls weakly and latest market trend analysis and today's operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: 8.8 Gold has risen strongly and crude oil has fallen weakly and the latest market trend analysis and today's operation suggestions". Hope it will be helpful to you! The original content is as follows:
The investment market always has four levels: keeping the principal, controlling risks, earning profits, and making long-term and stable profits. Don’t determine the result because of the winning or losing of a day. Is it accidental or inevitable to make money, whether it is based on real effort or luck. Those who can survive in the market will definitely be investors who can eventually make long-term profits. Trading is a good habit, strictly implement your trading plan. A rigorous transaction = good mentality control + correct position control + strong technical skills, never force buying and selling for cooperation. Opportunities are reserved for those who are prepared. The right choice is greater than a hundred times hard work. If you trust the teacher, I will give you a satisfactory return. You just need it, and I happen to be professional!
Analysis of the latest gold market trends:
Analysis of gold news: On Thursday (August 7), spot gold fluctuated and rose in a narrow range, and trading is currently around 3404. Spot gold prices fell 0.34% on Wednesday to close at $3369.19 per ounce, after hitting the nearly two-week high of 3390. This decline is mainly caused by investors' profit-taking behavior after recent rises. Gold rose for three consecutive days after weak U.S. employment data last Friday, and the market risk aversion sentiment rose for a while. However, as the release of economic data entered a relatively calm period, the demand for safe-haven has weakened, and some investors chose to lock in profits, resulting in a short-term pullback in gold prices. Such technical adjustments are not uncommon in the gold market, especially when there is a lack of catalysis of major economic events, prices are often under pressure due to the emergence of profitable orders. Spot gold prices fell slightly due to profit settlement, market expectations for the Fed's interest rate cut in September have risen significantly, and the Trump administration's tariff measures on India and Switzerland have triggeredGeoeconomic tensions, while attention to the Fed's personnel adjustments has further aggravated market uncertainty. In addition, this trading day also needs to pay attention to changes in the number of initial unemployment claims in the United States, the Bank of England's interest rate resolution and speeches by Federal Reserve officials.
Gold technical analysis: Gold rose near 3380 yesterday and hit the 3385 line and fluctuated and fell. The European session reached the 3358 line at the lowest point, and the US session reached the 3380 line at the highest point. The daily line finally closed at the 3368 line and then closed with a small negative line with a very long lower shadow line. From a technical perspective, if the support of 3360 is stable, it may rebound to near the resistance of 3385 is later. If you can break through, you might be able to continue to rush up. In the short term, today is a bit volatile, and it is recommended that you not easily chase the rise and sell the fall. You can buy a light position near the support level. From the hourly line, if you stand firmly at the 3385 line, you will still go to 3390 or even 3400, and the strong resistance above is still around 3416. Currently supports 3360 and does not break the fluctuation. It fell below yesterday's low of 3358 or even 3350, and the strong support below is around 3330.
Gold looks at the 4-hour level: at this time, the middle track moves upwards near 3371, and the daily 5 moving average position is basically resonant. If this support is stabilized, it will still tend to develop upward tonight; and the previous K-line closed at a longer antenna, and there is indeed pressure at 3397 or close to the 3400 mark. It is still necessary to digest the action energy under the macd through repeated oscillations. Next, for tonight, we should pay attention to the retracement of the yellow trend line and the confirmation support point of the upper rail of the green channel in the early stage, which is about 3373-70. We will continue to try to be bullish, and use the 3365 line in the morning as a feng shui hurdle. If it is lost, it needs to be re-planned. Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that the pullback be long, and the rebound is supplemented by high altitude. The short-term focus on the upper short-term focus on the 3420-3430 line resistance, and the short-term focus on the 3390-3380 line support.
The latest trend analysis of crude oil:
Crude oil news analysis: Oil prices rebounded slightly on Thursday after experiencing a decline of five consecutive trading days. During the Asian session, Brent crude oil futures rose 0.7% to $67.47 per barrel; U.S. WTI crude oil futures rose 0.9% to $64.97. Earlier, the two major oil price benchmarks fell to eight-week lows on Wednesday amid concerns that the U.S. could increase energy sanctions on Russia. The news that the United States and Russia may hold high-level talks will inject some eouu.cnfort into the market. According to White House officials, U.S. President Trump may meet with Russian President Putin next week, although the United States is still preparing to impose "second-level sanctions" on Russia, which may cover Asian countries to force Moscow to make concessions on the Ukraine issue. The current rebound in oil prices is based on the game between decline in inventory and market expectations for negotiations, but the variables that really influence medium- and long-term oil prices are still the pace of OPEC+'s production increase and the evolution of global geopolitical risks. With the United StatesBy linking energy issues with trade policies in one step, Asian countries' crude oil import strategies may encounter a more eouu.cnplex decision-making environment, thereby reshaping the regional energy market structure.
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 briefly rose to around 67, and fell sharply due to resistance. The K-line continuously closes large physical negative lines, with a strong downward force, forming a downward rhythm of the main trend. The moving average system gradually diverges downward, and the short-term objective trend direction is also downward. The subjective and objective trend direction is consistent. Oil prices fluctuated weakly in the early trading. According to the law of alternating primary and secondary, it is expected that the crude oil trend will continue to decline and hit a new low during the day. 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 65.0-66.0 line resistance at the top, and the short-term focus should be on the 62.0-61.0 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.
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