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10.27 Gold and crude oil today’s price rise and fall trend analysis and the latest exclusive long and short operation suggestions and guidance
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Hello everyone, today XM Forex will bring you "[XM Group]: 10.27 gold and crude oil today's market rise and fall trend analysis and the latest exclusive long and short operation advice and guidance." Hope this helps you! The original content is as follows:
Same market situation, 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 every time they trade: they think that as long as they predict the rise and fall of the market, they can make this transaction. This approach of focusing on direction and ignoring position makes traders www.xmhouses.completely defeated. In fact, there is a big difference between the "trend" and the "direction" of following the trend, because the direction of market movement appears to be oscillating, and the market trend is often global. What I can do here is help you control your positions reasonably, use support and resistance levels to place orders, and make every order logical and traceable. You should not enter the market at will when buying and selling points. Please be responsible for your own funds. If you are really unsure about the market, you can www.xmhouses.come and find me. One more analyst will bring you no loss. Always remember one sentence, professional people do professional things. All actual operations are only for profit, and cooperation is only for a win-win situation.
Analysis of gold’s latest market trends:
Analysis of gold news: On Monday (October 27, Beijing time), spot gold was trading around US$4,075 per ounce. The price of gold hit its first weekly decline in 10 weeks last week as investors took profits and signs of easing trade tensions suppressed safe-haven demand; last Friday (1 On October 24), spot gold rebounded. After the U.S. Consumer Price Index (CPI) data was weaker than expected, the intraday decline narrowed and the closing line stabilized above 4100. However, it was in a downward trend this week, with a negative weekly closing, ending the previous nine consecutive weeks of gains. The weak inflation data strengthened the market's expectations for the Federal Reserve to cut interest rates at the October 29-30 monetary policy meeting.25 basis points expected. Sentiment improved on hopes that the trade standoff between the United States and China could ease. The White House confirmed on Thursday that U.S. President Trump will meet with President Trump on the sidelines of the Asia-Pacific Economic Cooperation summit in South Korea on October 30, a development that could help ease recent trade tensions.
Gold technical analysis: Judging from the daily shape, the small Yinxing line closed last Friday, and today's early trading opened lower and moved higher to form a "lower shadow line", echoing the previous low of $4,044, forming the prototype of short-term double bottom support. Although the MACD indicator maintains a dead cross, the green kinetic energy column shows signs of narrowing, indicating that the short momentum is running out; the middle rail of the Bollinger Bands is near $4,080, and the current price is back above the middle rail, and has not fallen below the key support of the 10-day moving average ($4,050). The structure of the daily bullish trend has not been destroyed, and the trend of opening lower and moving higher further verifies the strength of buying below.
On the hourly chart, after opening low in early trading, it quickly dropped to $4,073, forming a bullish K-line pattern of "long lower shadow". Then the price continued to rise along the 5-day moving average, breaking through the 20-day moving average and suppressing the middle track of the Bollinger Bands. The current opening of the Bollinger Bands shows signs of expansion. The MACD indicator forms a golden cross below the zero axis. The red kinetic energy column continues to amplify, and the short-term rebound momentum is sufficient. However, it should be noted that the hourly RSI indicator has approached the overbought range of 70, and the price has encountered pressure from the previous shock platform above $4,100. It may face the need for correction in the short term, which provides technical logic for the short-term short-term layout. On the whole, today's short-term operation of gold, He Bosheng suggests to focus on rebounding from high altitudes, supplemented by falling back to lows. In the short term at the top, focus on the first-line resistance of 4100-4130, and at the bottom of the short term, focus on the first-line support of 4045-4015.
Analysis of the latest crude oil market trends:
Analysis of crude oil news: On Monday (October 27, Beijing time), U.S. crude oil was trading around $62 per barrel. Due to U.S. sanctions on Russia, India’s imports of Russian crude oil have decreased, and trade tensions have eased, boosting demand. Last week (October 20-25), the international crude oil market experienced a significant rebound amid uncertainty. Although WTI and Brent crude oil both hit five-month lows at the beginning of the week due to concerns about oversupply, they quickly rose in the middle and late stages due to news of U.S. sanctions on Russian oil www.xmhouses.companies. Finally, they fell slightly on Friday, with WTI closing at $61.75/barrel and Brent at $65.88/barrel, both recording weekly gains of about 7%. The core focus of this wave of prices lies in the market's repeated weighing of the Trump administration's implementation of new sanctions and the potential easing of trade tensions. The www.xmhouses.combination of these factors has pushed oil prices to rebound from the trough, but it has also planted more variables for this week's leaders' meeting.
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 downward decline of the previous wife. Oil prices cross the moving average system, and the mid-term objective trend shifts from downward to the conversion period. The MACD indicator opens upward below the zero axis, indicating a short position.Momentum decreases. Crude oil is expected to recover in the medium term, but has not yet formed a medium-term bullish rhythm. The short-term (1H) trend of crude oil has been rising for three consecutive trading days, with oil prices breaking through 60 and hitting a price above 62. The moving average system is arranged in a long position, relying on oil prices, the short-term objective trend direction remains upward. Bullish momentum is doing well. In early trading, oil prices fluctuated within a narrow range at high levels. Pay attention to the support of the moving average system for oil prices. It is expected that the trend of crude oil will continue to rise during the day. On the whole, today's crude oil operation thinking: He Bosheng recommends to focus on the lows and longs, supplemented by the rebound from highs. The top short-term focus is on the 63.0-64.0 first-line resistance, and the bottom short-term focus is on the 60.5-59.5 first-line support.
He Boxheng’s message: I have no fancy language here, only real transactions and clear operations. The market has only one direction, neither long nor short, but the right direction. Reasonable risk control + good investment returns allow every retail investor to find the real joy of investing, instead of having to deal with daily hardships in exchange for increasing losses. I have always believed that choice is more important than hard work. In addition to bringing profits to customers, a good instructor and a good technical team should also be responsible to customers. Individual investors, facing the market on their own, can easily become obsessed with the authorities and be caught off guard when encountering sharp rises and falls. However, if there is someone outside the circle who can see the situation clearly and give direction, they can do better.
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 www.xmhouses.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 www.xmhouses.comes first, secondly consider operational risks, and finally how to make profits.
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