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8.11 Analysis of the rise and fall trend of gold and crude oil today and the latest guidance on long and short operations on Monday
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Hello everyone, today XM Foreign Exchange will bring you "【XM Foreign Exchange Official Website】: Analysis of the up and down trend of 8.11 gold crude oil today and the latest long and short operation suggestions and guidance on Monday." 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.
The latest gold market trend forecast:
Gold news analysis: The US dollar strengthened last Friday, but due to weak economic data, traders priced more interest rate cuts this year. At the same time, investors are also evaluating US President Trump's nomination for the Federal Reserve, and the US dollar is expected to fall weekly. In the week from August 4 to August 8, Beijing time, gold prices experienced a roller coaster-like week, especially in the past two trading days, reports on gold bar tariffs caused market panic. Despite the White House finally clarified the report, gold prices remained at the peak of uncertainty, close to the $3,400 mark. Gold prices tested the 3400 mark several times last week. Despite the increase in expectations of a Fed rate cut and Trump nominated dovish Fed officials, it has not allowed gold to break through that level until last FridayAfter the news of the tariff on gold bars, the gold price stood at the 3400 mark in one fell swoop, reaching 3409, the highest since July 24. Analysts and retail investors remain bullish on gold prices this week despite the U.S. clarification of gold bar tariff reports. Gold prices this week focus on the meeting between Trump and Putin, while also pay attention to the speeches made by several Fed officials on the economic outlook, as well as the unseasoned CPI annual rate in July and the unseasoned CPI annual rate in July.
Gold technical analysis: Looking at the current market, after the decline and closing negative last Friday, will the gold price continue to decline or rebound to rise this week? I think the former is difficult to achieve, and the possibility of refreshing the low point exists but is low. The support of 3380 has not broken after several tests. First of all, from the recent trend, the gold price continues to rise, and the high and low points move upward, indicating that the 3268 support is effective, and the rebound hits 3409 and begins to fall back. It closes near 3397 at the end of the trading session, which reflects the strength of the 3380 support and the bulls. From this, it can be preliminarily judged that the gold price is temporarily in a high range. However, given that the support is not affected by the decline and the closing price closes above the support, the possibility of the gold price breaking below 3380 this week is ruled out. At present, the price of metal failed to break below 3380 as scheduled last week, and the overall trend of rising and falling back and closing low shows that bulls still have the advantage. However, using this to determine that bulls will still control the market this week, I don’t think it is advisable. Although the bulls repeatedly tried 3410 to fail, the decline was not strong. In other words, if the bulls were really strong, there would be no decline the next day, and the opening this week should continue to rise. But now the gold price has not only slowed down, but also showed signs of a decline, which means that the bears are still sticking to the pressure level of 3410.
To eouu.cnprehend the above, it is recommended to focus on low-tenth thinking at the beginning of this week, with high altitude as the supplement. Pay attention to 3380 for the support below. After repeated declines yesterday, this place will become an important defensive point for bulls at the beginning of next week. The above can be suppressed by the test or break. If the unexpected breaks down, it will interrupt the short-term favorable situation of bulls. At that time, it is likely to see 3368 or continue to decline to 3350. However, He Bosheng is more inclined to rise above 3380. For the above suppression, pay attention to the near 3410. Although the 3268 and 3500 dividing line 0.382 is the position of the 3268 and 3500 dividing line, and it is also the resistance to the high point last Friday, the probability of breaking through is increasing after adjustment and favorable bulls. Therefore, it is recommended to focus on the near 3343. As the strong suppression of the previous high point, it is also the position of the dividing line 0.236. If you approach or touch the first time, you can try to lay out the short line in the midline. Overall, in terms of gold's short-term operation ideas today, 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 3408-3418 line resistance, and the short-term focus on the 3380-3370 line support.
The latest trend of crude oil:
Crude oil news analysis: During the early trading session of Asia last Friday, international oil prices did not fluctuate much, but the overall decline last week was significant.The market expressed concerns about the impact of the newly implemented U.S. tariffs on the global economy. During the Asian session last Friday, Brent crude oil futures fell 3 cents to $66.40 per barrel, and the cumulative decline was expected to exceed 4% last week; US WTI crude oil futures prices fell 6 cents to $63.82 per barrel, and the weekly decline was expected to exceed 5%. This performance may be the longest continuous decline cycle since December 2023. The current downward trend in oil prices is mainly affected by the dual influence of trade concerns and the shift in OPEC+ policy. Although the US and Russia may contact bring some geopolitical relief expectations, the shadow of slowing global economic growth is profoundly changing the market's judgment on energy demand. Against this background, it is difficult for oil prices to rebound significantly in the short term, and we need to be wary of further impacts caused by macroeconomic data and policy.
Crude oil technical analysis: From the daily chart level, the K-line closed negative lines for six consecutive trading days, the oil price fell below the lower edge of the original oscillation range, and the medium-term subjective trend was downward. The moving average system has not yet formed a short arrangement, and the medium-term objective trend is in a conversion period. From the perspective of kinetic energy, the MACD indicator gradually penetrates the zero axis position, and the short kinetic energy gradually becomes stronger. It is expected that the medium-term trend of crude oil will turn downward. The short-term (1H) trend of crude oil fluctuates at low levels, and the overall is a secondary rhythm. The moving average system suppresses oil prices, and the short-term objective trend direction goes downward. The MACD indicator runs below the zero axis, with bear momentum dominant, and it is expected that the crude oil trend will continue to be the main behavior in 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.
The above content is all about "[XM Forex Official Website]: Analysis of the up and down trend of gold and crude oil today and the latest long and short operation suggestions and guidance on Monday". 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!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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