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8.12 Analysis of the rise and fall trend of gold and crude oil today and the latest exclusive long and short operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: Analysis of the up and down trend of 8.12 Gold and Crude Oil Today's Market Trend and the latest exclusive long and short operation suggestions". 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 xmtraders.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 gold market trends:
Analysis of gold news: Gold has been falling weakly on Monday, and the US market performance is still weak. The uncertainty of tariff policies and the rising expectations of the Federal Reserve's interest rate cut still provide support for gold prices. However, US gold futures have been in a high and a decline. Last Friday, U.S. gold futures hit a record high of $3,534.10, but it quickly fell amid rumors that the White House was about to clarify the gold bar tariff policy. Gold is at a critical turning point driven by tariff uncertainty and the Federal Reserve's interest rate cut. This week, the US July CPI data will be welcomed. The market attention is very high. Investors need to pay attention to it. There are no data or events to pay attention to during the day. Focus on the data such as the US July CPI annual rate and monthly rate on Tuesday. The overall expectation is biased towards rising inflation.It will lower the expectation of interest rate cuts and will be negative for gold prices, so the price of gold is still mainly fluctuating at the beginning of this week.
Gold technical analysis: Due to hawkish statements from Federal Reserve officials, the market generally believes that interest rate cuts may be delayed. In addition, Trump will hold an offline meeting with Russian President Putin on August 15, and Russia and Ukraine are expected to reach a ceasefire agreement. Gold fell sharply in the early trading today, with a drop of more than US$30. Judging from the decline in the early trading, it has broken the rhythm of last week's volatile rise, and it has also fallen below the key support 3380, a technical breakthrough. Last week, I have been emphasizing the pressure level near the second-highest point of 3410. I fell sharply from the second-high point in the morning today. My subjective judgment is that gold cannot rise anymore and the market chooses a downward direction. If my judgment is correct, this will become a temporary high point!
From the current market perspective, the sharp drop in the early trading yesterday has xmtraders.completely lost the bullish advantage brought by the weekly closing last week. Next, we need to focus on the direction choice after the major sweep market: the 3375-3380 regional support has been punctured, and we can continue to suppress the intraday high and last week's high point as the future to continue the bearish thinking. The 3340 area below is the key support level. If it is not broken here, the bulls still have the possibility of rebounding at any time; once it breaks down, the market will directly return to the dominance of the bears, and further targets will look to the 3330, 3315, 3300 and 3270 areas. The ultimate target is the 3245, 3150-3120 areas until it falls down to the 3000-2950 range (equivalent to the starting position when the tariff war started). The intensive trading area of gold at one hour's high level finally broke down, breaking the oscillation, and the high level of gold box forms a short-term top structure, and the pressure resistance of gold at a high level becomes very heavy. Gold will continue to decline after the 3370 afternoon. 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 on the 3370-3380 line of resistance above, and the short-term focus on the 3330-3320 line of support below.
Analysis of the latest trend of crude oil:
Crude oil news analysis: In the early Asian session on Monday, international crude oil prices continued to fall, with a cumulative decline of more than 4% last week, mainly due to the United States raising import tariffs to many countries, OPEC's announcement of increased production, and the market expects that the United States and Russia are expected to reach an agreement on a ceasefire in Ukraine. Brent crude oil futures fell 0.78% to $66.07 a barrel, while U.S. WTI crude oil futures fell 58 cents to $63.30. Market expectations for the lifting of Russian crude oil supply restrictions have heated up after U.S. President Trump announced last Friday that he would meet with Russian President Putin in Alaska on August 15 to discuss the possibility of ending the Ukrainian conflict. This news is mixed with the background of the US increasing pressure on Russia. The market believes that if a peace agreement is not reached, the US may tighten secondary sanctions on Russia and demand that India reduce its purchase of Russian oil. In addition, the upcoming inflation data of the United States on Tuesday is also seen as an important driver of oil prices this week. The current oil price trend has been subject to multiple macros andDue to the interweaving of geopolitical factors, market sentiment in the short term is highly dependent on the progress of US-Russia negotiations and the performance of US economic data. Once the inflation data is weak and the ceasefire agreement are implemented, oil prices may usher in a phased rebound, but tariff pressure may become an important constraint to curbing the rise.
Crude oil technical analysis: From the daily chart level, the K-line closed the negative line for seven consecutive trading days, the oil price fell below the lower edge of the original oscillation range, and the medium-term subjective trend was downward. The moving average system has not yet formed a short arrangement, and the medium-term objective trend is in a conversion period. From the perspective of kinetic energy, the MACD indicator gradually penetrates the zero axis position, and the short kinetic energy gradually becomes stronger. It is expected that the medium-term trend of crude oil will turn downward. The short-term (1H) trend of crude oil fluctuates downward at a low level, and the overall downward trend is highly repetitive. The current moving average system suppresses oil prices, and the short-term objective trend direction remains unchanged. The MACD indicator opens its mouth downward below the zero axis, and the bear momentum still has the advantage. It is expected that the crude oil trend will continue to be the main behavior in the day. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that rebound high altitudes should be the main focus, and the retracement should be the low long as the auxiliary. The short-term focus should be on the 66.0-67.0 line resistance at the top, and the short-term focus should be on the 62.5-61.5 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 xmtraders.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 Forex Official Website]: Analysis of the Today's Market Trend of Gold and Crude Oil and the Latest Exclusive Long and Short Operation Suggestions". It was carefully xmtraders.compiled and edited by the XM Forex editor. I hope it will be helpful to your trading! Thanks for the support!
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