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7.10 Analysis of the latest trends of gold and crude oil and today's exclusive operating suggestions and guidance
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Analysis of the latest market trends of 7.10 gold crude oil and exclusive operating suggestions and guidance today". Hope it will be helpful to you! The original content is as follows:
The recent market rises and falls, and the frequent long-short conversions are frequent. Many investment friends are caught off guard, or don’t know where to start. They fall as soon as they buy, rise when they exit, and return consecutive losses. In fact, this is a situation that many novices will encounter. Let me tell you here that first of all, don’t operate frequently when doing trading, and secondly, you need to have a precise control of the market and stick to your own trading system. Of course, these are empty talk for some novices. After all, there is no strict trading plan to enter the market. Most of them are chasing up and selling down, which leads to serious losses. If you see the article at this moment, you can consult yourself to www.xmhouses.communicate and help you point out all the problems in making orders, so that you can avoid detours in the process of trading.
Analysis of the latest gold market trends:
Analysis of gold news: On Wednesday (July 9), spot gold fluctuated and rose in a narrow range, and it is currently trading around $3,310 per ounce. Spot gold fell more than 1% on Tuesday, falling below the $3,300/ounce mark during the session, hitting a more than one-week low of $3,287.06/ounce, and closing at $3,301.53/ounce. The short-term strengthening of the US dollar is another key factor in the decline in gold prices. On Tuesday, the U.S. dollar index rose 0.3% to 97.83, and its strength still puts pressure on gold despite a slight decline in the late trading. As gold is denominated in US dollars, the appreciation of the dollar will make gold more expensive for investors holding other currencies, thus curbing demand. The rise in the US dollar is closely related to market expectations for the U.S. economy and monetary policy. Trump's tariff policy could push up inflation, prompting investors to reassess the Fed's path to cut rates, which is strong in the near futureThe June employment report also reduced market bets on immediate interest rate cuts. Against the backdrop of the strong US dollar, the attractiveness of gold has further declined, becoming one of the important reasons why gold prices hit a new weekly low. The decline in gold prices this time is not caused by a single factor, but is a www.xmhouses.combination of optimism in trade negotiations, a strengthening US dollar, rising Treasury yields and a www.xmhouses.complex impact from Trump's tariff policy. The minutes of the Federal Reserve meeting will also be released this trading day, and investors need to pay attention to it.
Gold technical analysis: Gold has risen safely yesterday, and we still have doubts about the sustainability of gold, and we continue to insist on shorting at high levels. Gold eventually fell as scheduled. The current market has fallen below the low point of the previous day, and has emerged from a continuous decline pattern. Yesterday, everyone has been bearish. Our thinking is fine. So today is the same. Gold is still maintaining a weak situation. After the price fell yesterday, it started a continuous rebound in the second half of the night, but the rebound amplitude and strength are not large. It is obvious that the pressure above is still strong. We will continue to bearish after waiting for the rebound in the day!
The daily gold line remains at a high level and passively oscillates. The short-term chart is as expected as before. Relying on the 3345 zone, it has emerged from the volatility and decline, and has lost 3300 and recovered. The way of tug-of-warming slow oscillation is not a one-sided weakness. At the same time, the K-line entity is not continuation, and the yin and yang are swapping. The 4-hour chart keeps the steps fluctuating and falling, with the second high point at the 3345 line, and the resistance at the downward trend line and the middle track are at the 3333 and 3320 line. Today, relying on the middle track to defend, continue to look short and short. The rhythm is a step-by-step look back, but the overall goal is downward, and the next goal is approaching the 3255 area. The decline continued in one hour, constantly setting new lows in the past two days, and the 1-hour moving average continued to diverge downward and bears, with full strength and falling momentum downward. The moving average resistance has now moved downward to around 3325. Moreover, gold fell 3323 yesterday and rebounded slightly and then fell below 3313. Then 3323 has become the key position of gold in the short term. Gold is under pressure in the early trading 3325 and continues to be short when it is high. Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that rebound short sellers should be the main focus, and pullbacks should be the auxiliary focus. The short-term focus above focuses on the resistance of 3325-3335 on the first line, and the short-term focus below focuses on the support of 3290-3280 on the first line.
Analysis of the latest trend of crude oil:
Analysis of crude oil news: During the US session on Wednesday, international oil prices fell slightly from the two-week highs hit the previous day. Brent crude oil futures fell 0.3% to $69.95 a barrel; WTI crude oil fell 0.4% to $68.12. Although the market is cautious about the trade outlook, a sharp drop in crude oil inventories offset some negative sentiment. Data from the American Petroleum Association (API) showed that as of the week ended July 5, U.S. crude oil inventories fell by about 4.3 million barrels, far exceeding the market's expectations of 1.2 million barrels. This data reinforces the judgment that demand remains strong during peak summer oil use and helps stabilize market confidence. The current WTI oil price is supported by both supply and demand fundamentals and technical aspects, APIThe significant decline in inventory, expected decline in U.S. production and geopolitical tensions jointly strengthened the bottom of oil prices. But trade policy uncertainty remains one of the market-dominated variables. The oil price fluctuation range may remain between $66.80 and $71.40 in the short term, and pay close attention to the official EIA inventory report and the US tariff implementation trends before August 1.
Crude oil technical analysis: From the daily chart level, the medium-term trend fluctuates upward test around 78. The K-line closes to a large physical negative line, and has not yet destroyed the moving average system, and is still supported. The medium-term objective trend is unchanged. However, from the perspective of momentum, the MACD indicator crosses downward above the zero axis, indicating that the bulls' momentum is weakened, and it is expected that the medium-term trend of crude oil will fall into a high-level oscillation pattern. The short-term (1H) trend of crude oil rose slightly within the range, and the upper edge of the test range failed to form a breakthrough. Oil prices fluctuated weakly at high levels in the early trading, and the short-term objective trend direction rose within the range. The MACD indicator crosses downward above the zero axis, indicating that the bulls' momentum is weakened and there is no strength. It is expected that the intraday crude oil trend will still fluctuate mainly within the range. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that the main focus should be on the low-sinking back, and the rebound should be high-altitude as the auxiliary. The short-term focus should be on the 70.0-71.0 line resistance at the top, and the short-term focus should be on the 66.5-65.5 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 www.xmhouses.come 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 Foreign Exchange Platform]: Analysis of the latest market trends of gold and crude oil and today's exclusive operation suggestions and guidance". It is carefully www.xmhouses.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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