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10.28 Gold plummets, crude oil surges, latest market trend analysis and today’s exclusive operation suggestions
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: The latest market trend analysis of gold plummeting and crude oil rising on 10.28 and today's exclusive operation suggestions." Hope this helps you! The original content is as follows:
For the recent ups and downs of the market, repeated long and short conversions, many investment friends are caught off guard, or do not know where to start. They fall as soon as they buy, rise when they exit, and continue to lose orders back and forth. In fact, this is what happens to many novice friends. I would like to tell you that when doing transactions, first of all, do not operate frequently, and secondly, you need to have a good understanding of the market. Accurate control and sticking to your own trading system, of course, are all empty talk for some novice friends. After all, they have just entered the market and do not have a strict trading plan. Most of them are chasing the rise and killing the fall, resulting in serious losses. If you are in the same situation when you read the article at this moment, you can consult me for www.xmhouses.communication. I can help you point out all the problems in the order, so that you can avoid detours in the transaction process.
Analysis of the latest gold market trends:
Analysis of gold news: This week’s gold super week, the gold market will continue to stage a sweep. The first is the 2025 Asia-Pacific Economic Cooperation (APEC) Leaders’ Informal Meeting. U.S. President Trump also traveled to Southeast Asia to start his Asia trip and will meet with leaders of many countries. Moreover, during the "shutdown" of the U.S. government, this week will usher in a series of central bank interest rate decisions, including the Federal Reserve, Bank of Japan, European Central Bank, Bank of Canada, etc. At the same time, the United States will also release a series of economic data, including important reference indicators for the Federal Reserve to adjust interest rates and the core PCE price index in September; in addition, U.S. real GDP data for the third quarter will also be released.
Due to the fifth round of Sino-US trade consultations, from October 25th to 26th, the economic and trade teams of China and the United States were in Kuala Lumpur, Malaysia.A new round of high-level economic and trade consultations was held. After the meeting, U.S. Treasury Secretary Bessent said that the United States reached a "very substantial framework agreement" after the talks in Kuala Lumpur and made it clear that it would "no longer consider" imposing 100% tariffs on China. This indicates that the tense trade situation between the two sides has eased.
Gold technical analysis: Gold has been fluctuating in a wide range recently, and the risk aversion sentiment has been eased over the weekend. On Monday, it gapped down and opened lower again. After the short-term gap was filled, it continued to fluctuate. Last Friday’s positive CPI did not make gold bulls go higher, so gold will continue to adjust, and it may need to wait for the Federal Reserve’s interest rate decision in the early hours of Thursday morning to get out of the shock. At present, the current trend of gold is still characterized by wide fluctuations and has not changed. This is the premise of trading; however, the lowest retracement in early trading is 4058, and the high point that needs to cover the gap above is around 4100. If the retracement exceeds this point, the short-term trend will be re-divided, and the strategy will be adjusted accordingly, otherwise it will continue to be high.
In the 1-hour chart, after gold formed a double top and fell back at 4380 last week, the overall market is currently consolidating at the bottom, and the temporary structure is somewhat bearish. The 1-hour short-term adjustment method has begun to adopt a triangle convergence form, so the next adjustment of gold may be delayed. Continued, the overall trend is still bearish. Today, the upper resistance is 4100-4115, and the lower first-line support is 4004. If it falls below the US$4,000 mark, it is expected to start a downward trend to US$3,800, which is the target calculated from the previous ascending triangle pattern. On the whole, today's short-term operation of gold, He Bosheng suggests shorting mainly on rebounds, supplemented by longs on callbacks. The top short-term focus will be on the first-line resistance of 4020-4050, and the bottom short-term will focus on the first-line support of 3950-3920.
Analysis of the latest crude oil market trend:
Crude oil news analysis: The international crude oil market has seen a significant recovery recently, with Brent prices breaking through the $66 mark again, and WTI approaching the $62 level. After successive corrections in the previous period, this round of rebound mainly www.xmhouses.comes from two types of thrust: one is the improvement in demand expectations brought about by the easing of trade concerns; the other is the disruption in the supply structure caused by Russian oil sanctions. From the perspective of driving force structure, this round of rise is dominated by "expected sentiment improvement + supply disturbance", not a pure demand recovery, so the resilience of the trend remains to be verified. Pay attention to changes in global trade sentiment and inventory series data. If oil prices stabilize in the support zone, there is still room for a periodic upward 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 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 that short momentum has weakened. Crude oil is expected to recover in the medium term, but has not yet formed a medium-term bullish rhythm. The short-term trend of crude oil (1H) showed a high-level shock consolidation rhythm. Oil prices repeatedly crossed the moving average system, and the short-term objective trend direction fluctuated sideways. In terms of momentum, the MACD indicator opened at a high level above the zero axis and fell back toNear the zero axis, the long and short kinetic energy are stuck with each other. Judging from the alternating rhythm of primary and secondary rhythms, it is expected that the trend of crude oil will still rise during the day with a high probability. 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.
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.
The above content is all about "[XM Foreign Exchange Market Analysis]: 10.28 Gold Plunge, Crude Oil Rise Latest Market Trend Analysis and Today's Exclusive Operation Suggestions". 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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