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The weekly negative trend is profitable, gold and silver continue to consolidate
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Hello everyone, today XM Forex will bring you "[XM official website]: Weekly negative profit results, gold and silver continue to consolidate". Hope this helps you! The original content is as follows:

Last week, the gold market took profits after hitting a record high. It opened high at 4354.9 at the beginning of the week, and then the market first rose to reach a record high of 4382.3, and then fell back strongly. The weekly low reached a position of 4002.4, and then the market rose late in the session. After the weekly line finally closed at 4112.7, the weekly line closed with a big negative line with the same length as the upper and lower shadow lines. After this form ends, there is technical demand for continued adjustment on the weekly line. In terms of points, the longs of 3325 and 3322 below and the longs of 3368-3370 last week and the longs of 3377 and 3385 After reducing the long position of 3563, the stop loss follow-up is held at 3750. Today, it first falls back to 4030 and the stop loss is 4024. The target is 4050, 4060 and 4075.

The silver market opened low last week at 50.992, and then the market first rose to a position of 52.772, and then fell back strongly. The weekly minimum reached a position of 47.477, and then the market was affected by this round of upward Fibonacci. The 38.2 support of the contract was consolidated, and the weekly line finally closed at 48.59. After that, the weekly line closed with a large negative line with the upper shadow line longer than the lower shadow line. After this form ended, the longs of 37.8 and 38.8 below followed up and were held at 42. Today is 47.65, stop loss is 47.45, targets 48.1, 48.35 and 48.6-49

European and American markets opened at 1.16635 last week, then the market rose slightly to reach 1.16750, and then fell back strongly. The weekly minimum was at 1.15752, and then the market rose in late trading, and the weekly line finally closed at 1.16 After the position of 270, the weekly line closed with a hammer head pattern. After the end of this pattern, today it will fall back to 1.16000 and stop loss 1.15800. The target is 1.16300, 1.16500 and 1.16700 pressure.

The U.S. crude oil market first fell back after opening at 57.62 last week. The weekly low reached 56.34 and then the market rose strongly. The weekly high touched 62.95 and then the market consolidated. The weekly line finally closed at After reaching the position of 61.81, the weekly line closed with a big positive line with the same length as the upper and lower shadow lines. After this form ended, after opening high today, it first pulled up and gave 62.8 short stop loss and 63.2 lower target. Look at 62, 61.5 and 61-60.5 to leave the market and backhand long.

The Nasdaq opened higher last week at 24922.96. After the market closed the gap and reached the position of 24784.58, the market rose. After reaching the position of 25206.47, the market fell back for a second time. The weekly lowest reached the position of 24632.71, and then the market rose strongly. The weekly highest touched the position of 25415.72, then consolidated, and the weekly line finally closed at 24632.71. After reaching the position of 25361.72, the weekly line ended with a big positive line with a long lower shadow. After such a form ended, after today's high opening, it stepped back to more than 25400 and stopped the loss of 25340. The target is 25500, 25600 and 25700-25750.
Fundamentals, last week's fundamentals, the report released by the U.S. Bureau of Labor Statistics on Friday showed that overall and core pass prices in September Inflation indicators were lower than expected across the board. Although the U.S. government shutdown has stalled the release of some economic data, the CPI report was still released to assist the Social Security Administration in calculating cost-of-living adjustments for welfare recipients. The agency said data collection was www.xmhouses.completed before government funding was cut off. The White House said it may not release inflation data next month. Specifically, the non-seasonally adjusted CPI annual rate in September was 3%, a slight increase from the previous month, but lower than market expectations of 3.1%; the seasonally adjusted CPI monthly rate was 0.3%, lower than expectations and the previous value of 0.4%. In terms of core CPI, the annual rate before seasonally adjustment was 3%, lower than the expected and previous value of 3.1%; the monthly rate after seasonally adjusted was 0.2%, lower than the expected and previous value of 0.3%. After the CPI data was released, the market reacted strongly. Traders are ramping up their bets on the Fed’s return this yearBets on two rate cuts, futures contracts tied to the Fed's policy rate, show market expectations for further rate cuts at next January's meeting are also rising. This week’s fundamentals will focus on the U.S. Dallas Fed Business Activity Index for October at 22:30 on Monday, and the monthly rate of U.S. durable goods orders in September. On Tuesday, focus on the monthly rate of the FHFA house price index in the United States at 21:00 and the annual rate of the S&P/CS unseasonably adjusted house price index in 20 major cities in the United States in August. Then look at the U.S. Conference Board Consumer Confidence Index for October and the U.S. Richmond Fed Manufacturing Index for October at 22:00. On Wednesday, focus on the U.S. September existing home contracted sales index monthly rate at 22:00 and the EIA crude oil inventory in the U.S. for the week to October 24 at 22:30, the EIA Oklahoma Cushing crude oil inventory for the week until October 24, and the EIA strategic petroleum reserve inventory for the U.S. week until October 24. On the same day, the U.S. President visited South Korea and attended the Asia-Pacific Economic Cooperation (APEC) Leaders Summit in South Korea. Pay attention to the Federal Reserve's FOMC announcement on interest rates at 2:00 a.m. on Thursday. Then watch Federal Reserve Chairman Powell hold a monetary policy press conference at 2:30. In the evening, look at the initial value of the annual GDP rate of the third quarter of the Eurozone at 18:00, and in the evening, look at the European Central Bank's interest rate decision at 21:15. Later, at 21:45, European Central Bank President Christine Lagarde held a monetary policy press conference. On the same day, China went to Gyeongju, South Korea from October 30 to November 1 to attend the 32nd APEC Economic Leaders’ Meeting and pay a state visit to South Korea. On Friday, focus on the quarterly rate of the U.S. third-quarter labor cost index at 20:30, and then look at the U.S. October Chicago PMI at 21:45. The annual rate of the U.S. core PCE price index in September will be released that day.
In terms of operation, gold: The longs of 3325 and 3322 below, the longs of 3368-3370 last week, the longs of 3377 and 3385, and the longs of 3563 will be followed up with stop loss at 3750 after reducing positions. Hold it, today it will first fall back to 4030 and stop loss 4024, and the target will be 4050, 4060 and 4075.
Silver: The longs of 37.8 and 38.8 below will follow up and hold at 42. Today, the stop loss is 47.45, and the target is 48.1, 48.35, and 48.6-49
Europe and the United States: Today, it will first fall back to 1.16000, and the stop loss is 1.15800, and the target is 1.16300, 1.16500, and 1.16700 pressure.
U.S. crude oil: After opening higher today, it first pulled up and gave 62.8 short stop loss and 63.2 lower target. Look at 62 and 61.5 and 61-60.5 to leave the market and backhand long.
The Nasdaq: After opening high today, it retreated back to 25,400 with a stop loss of 25,340. The target is 25,500, 25,600, and 25,700-25,750.
The above content is all about "[XM official website]: Weekly Yin profit results, gold and silver continue to consolidate". It was carefully www.xmhouses.compiled and edited by the XM foreign exchange editor. I hope it will be useful for your transactions.Helps! 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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