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7.15 Gold and crude oil sharply decline latest market trend analysis and exclusive operation suggestions today
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Hello everyone, today XM Foreign Exchange will bring you "【XM Group】: Analysis of the latest market trend of 7.15 gold and crude oil sharply declined and exclusive operation suggestions today." 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 www.xmhouses.come 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 trend of gold:
Gold news analysis: Spot gold trading around $3344.46/ounce on Tuesday (July 15 Beijing time), gold prices fell after hitting a three-week high on Monday. The focus of market attention was on trade negotiations and U.S. economic data, while silver climbed to its highest level since September 2011; Trump announced last weekend that it had imposed a 30% tariff on goods imported from the EU and Mexico starting from August 1, after a www.xmhouses.comprehensive agreement was not reached with these two major trading partners in recent weeks. This move has heated up market concerns about international trade, and investors seek safe-haven assets. Last week, the price of gold rose 1% to close at 3357.39. The uncertainty premium returned to the market again. The escalation of the trade war also caused dissatisfaction among allies and uneasiness among investors..
Gold technical analysis: Weekly level: The long-term monthly line maintains a strong bull trend, the 5 moving average has not fallen effectively, and the long upper shadow has been confusing many times in the first three months; the medium-term weekly line also maintains a bullish trend, and gradually rises along the lower track of the previous upward channel in recent weeks. If the closing of a certain week returns to the channel, it is expected to strengthen and rise in the medium term, and stabilize the middle track below, and the overall trend will not be too weak. Daily level: Last Friday, the closing was positive, and the closing was slightly on the middle track. It is necessary to close today to confirm that the breakthrough is valid. If it is confirmed to be valid, it is likely to point to the 3500-3452 trend resistance line. Pay attention to 3420-3430 for important short-term resistance. MACD forms a golden cross near the zero axis, and the upward momentum remains, and it continues to be bullish in the short term. 4-hour level: Since the 3282 low stabilized, the price has been along the short-term 5-day line, and the extreme 10-day line continues to rise and break through highs, and is in the stage of short-pressure rise or unilateral pull-up. Pay attention to the stabilization of the short-term moving average today and continue to be bullish.
Yesterday, gold opened wide and opened high, with bulls strong, hitting a high of 3374 in the morning and then trading sideways at a high of horizontal. After the gap opened high in the morning, there was a short-term demand for filling the gap, and it rose rapidly in the morning. The European session did not break through 3375, and the US session rose and fell. The current upward curve is smooth and the bulls are sufficient momentum. Around 3330 is the key point for going long today. Overall, in today's short-term gold operation, He Bosheng recommends that the pullback be the main focus, and the rebound be the short as the supplement. The short-term focus on the 3365-3375 line resistance above, and the short-term focus on the 3330-3320 line support below. (The strategy is timely, and more real-time layout strategies are announced within DingTalk students)
Analysis of the latest market trend of crude oil:
Analysis of crude oil news: International oil prices continued to rise on Monday, but the increase was limited. Brent crude futures rose 8 cents to $70.44 a barrel, continuing the 2.51% gain on Friday. U.S. WTI crude oil rose 5 cents to $68.50, up 2.82% in the previous trading day. The main driving force for this round of rise www.xmhouses.comes from the market's expectations of the United States' further sanctions on Russia. U.S. President Trump said on Sunday that he would provide Ukraine with the Patriot air defense missile system and would issue a "major statement" on the Russian issue on Monday. "Trump is dissatisfied with the Russian president's failure to advance the peace process, especially the recent continued bombing of Ukrainian cities has exacerbated this position." On the U.S. Congress, a bipartisan bill aimed at forcing Russia to return to the negotiating table through economic means made progress last week. If it is ultimately supported by Trump, it may have a substantial impact on Russian crude oil exports.
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 is highly repetitive, and oil prices are supported to rise again at the lower edge of the wide range. Short-term customersThe trend direction is to be upward within the range. The bulls have sufficient momentum. Since the probability of repeated fluctuations in oil prices in recent days is high, the probability of the intraday crude oil trend being blocked and falling back is high. 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 supplemented by the high altitude. The short-term focus should be on the 69.0-70.0 line resistance at the top, and the short-term focus should be on the 65.5-64.5 line support at the bottom. (The strategy is timely, and more real-time layout strategies are announced within DingTalk students)
This article was exclusively planned by Gold Crude Oil analyst He Bosheng. Due to the delay in online push, the above content is personal suggestions. Because the online posting is timely, 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 Group】: Analysis of the latest market trends of gold and crude oil sharply declined and today's exclusive operation suggestions". It was carefully www.xmhouses.compiled 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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