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Analysis of the latest market trend of gold’s strong rise on 11.11, exclusive operation suggestions for crude oil today
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: The latest market trend analysis of the strong rise of gold on 11.11, and exclusive operation suggestions for crude oil today". Hope this helps you! The original content is as follows:
Written to you who are investing, firstly, you must know how to analyze market trends; secondly, you must know how to control risks. As an investor, you must maintain a good attitude. Doing foreign exchange relies on seven points of mentality and three points of technology. Positive people see an opportunity in every worry, while passive people see some kind of worry in every opportunity; in the face of violently fluctuating market conditions, we must seize every opportunity, and it is important to do foreign exchange investment. It’s not how much you can earn at one time, but when you find that multiple profits are not enough to make up for one loss, maybe you will understand the importance of stability. If you want to gain a long-term foothold in the international foreign exchange market, you don’t rely on luck. You and I will work together on the investment journey!
Gold’s latest market trend analysis:
Gold news analysis: On Monday (November 10), spot gold opened at the lowest point. Since then, it has risen unilaterally throughout the day, and the global financial market has structural differentiation. Fixed income markets are under pressure as market risk sentiment improves as the U.S. Senate advances a solution to the government shutdown crisis. Spot gold, as a safe-haven asset, has shown resilience amid bond market fluctuations. The U.S. dollar index fell slightly by 0.02% to 99.5283. The 10-year U.S. bond yield rose by 0.85% to 4.132. Spot gold rose by 2.60% to $4115.75 per ounce. This pattern reflects the initial easing of political uncertainty in the United States, as well as the subtle impact of geopolitical risks in the Middle East (such as the Gaza hostage exchange proposal). The overall market sentiment has shifted from caution to mild optimism, but changes in the bond market have begun to affect the short-term trends of exchange rates and precious metals. Resurgent risk appetite weighs on U.S. Treasuries and moves through yieldsThe channel affects the US dollar and gold.
Gold technical analysis: Gold continued to rise at the opening on Monday. At present, the price on the daily trend has begun to move out of the previous low and volatile range, reaching as high as around 4105. The US market has retreated slightly, and the short-term moving average has gradually begun to diverge upwards. The hourly gold price was blocked at 4105 and fell back. The K-line began to slowly break through the short-term moving average. There may be a certain degree of adjustment and repair in the short-term trend. This is normal. After all, there was an increase of more than 100 points on Monday. A short-term technical correction is also reasonable. It should be noted that the intensity of this wave of adjustment has yet to be considered, because after all, it is an adjustment in a strong rise. It can be xmxyly.completed in a variety of ways, and it does not necessarily mean how much the price has dropped. If the price quickly xmxyly.completes the repair of the technical form near the short-term support band, then the market outlook is likely to recover from high levels and even to rise for a second time. For the lower support position, we focus on the intraday retracement low of 4070 and the top-to-bottom transition position of 4050 on Monday. If these two positions are not broken, the rebound will not end for the time being. In terms of operation, we will go long once after falling back to these two positions. On the whole, today's short-term operation of gold, He Bosheng suggests to focus on the low and long rebound, supplemented by rebounding high. The top short-term focus will be on the first-line resistance of 4160-4180, and the bottom short-term will focus on the 4090-4070 first-line support.
Analysis of the latest crude oil market trend:
Crude oil news analysis: During the U.S. trading session on Monday, U.S. crude oil rebounded to $60.17 per barrel. According to the latest forecast from energy consulting agency Rystad Energy, global liquid fuel demand will reach approximately 107 million barrels per day in the 2030s and remain high in the 2040s. In response to the decline in production from existing oil wells, future supply growth will mainly xmxyly.come from non-OPEC+ countries, of which South American deepwater oil fields and Argentina's Vaca Muerta shale basin will contribute more than 560,000 barrels per day of incremental production. From the perspective of supply and demand structure, the current oil market has entered a typical stage of loose supply, weakening demand, and rising macro uncertainty. The xmxyly.combination of factors such as surge in inventories, plans to increase production, and the strengthening of the U.S. dollar make it difficult for oil prices to rebound in a short-term trend. Only when inventories fall or demand clearly improves will oil prices break free from a volatile downward trend.
Crude oil technical analysis: Looking at the daily chart of crude oil, the oil price touched the K line near 56 and closed three positive lines in a row, reducing the early downward decline. Oil prices cross the moving average system up and down, and the mid-term objective trend enters a volatile pattern. The MACD indicator opens upward below the zero axis, indicating that short momentum has weakened. It is expected that the trend of crude oil will pick up in the medium term, and the overall trend will mainly maintain a range-bound oscillation rhythm. Crude oil's short-term (1H) trend fluctuates within the range. Oil prices repeatedly crossed the moving average system, and the short-term objective trend direction fluctuated sideways. The MACD indicator is at the zero axis, and the long and short kinetic energy are stuck with each other. Oil prices were in the middle of the range in early trading, and the trend of crude oil is expected to remain within the range during the day.time operation ideas. On the whole, today's crude oil operation thinking is based on He Bosheng's suggestion to mainly rebound from high altitudes, supplemented by falling back to lows. The top short-term focus is on the 61.5-62.5 first-line resistance, and the bottom short-term focus is on the 59.0-58.0 first-line support.
He Boxheng’s message: Tea can intoxicate people, and Buddha can help people. Investment has only one purpose, which is to make more money, in order to make the people around you live a better life. No one’s money is blown by the wind or picked up for free on the road. This market does not lack teachers. What it lacks is a conscientious teacher, a teacher who is responsible and considers problems from the perspective of the customer. I will share weal and woe with you, advance and retreat together, and a responsible teacher can walk into your heart and know what you need. My principles of life: tell the truth and do your conscience! I am a principle in placing orders. We will watch before the point is reached, and we will do it when the point is reached! Customize different investment plans for different customers.
This article is exclusively planned by He Bosheng, a gold and crude oil analyst. Due to the delay of network push, the above content is personal advice. Due to the timeliness of online publishing, the suggestions in this article are for learning reference only. You should operate at your own risk. Regardless of whether the views and strategies of the article agree with others, you can xmxyly.come to me to discuss and learn together! Nothing is difficult in the world, as long as there are people who are willing. Investment itself carries risks. I remind everyone to look for authoritative platforms and powerful teachers. Fund safety xmxyly.comes first, secondly consider operational risks, and finally how to make profits. Return to Sohu to see more
The above content is all about "[XM Foreign Exchange Market Analysis]: Analysis of the latest market trend of gold's strong rise on 11.11, exclusive operation suggestions for crude oil today". It is carefully xmxyly.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
Due to the author's limited ability and time constraints, some contents in the article still need 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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