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8.20 Analysis of the latest market trends of gold and crude oil and today's exclusive operation suggestions and guidance
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: Analysis of the latest market trends of 8.20 gold crude oil and exclusive operating suggestions and guidance 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 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 trend of gold:
Analysis of gold news: On Tuesday (August 19), spot gold is currently trading around $3334.70 per ounce. In addition to the situation in Russia and Ukraine, investors are also paying attention to the annual seminar held by the Federal Reserve in Jackson Hall this week. Gold prices rebounded on Monday, and spot gold rebounded to around $3,358 earlier due to concerns about the situation in Russia and Ukraine. However, as peace expectations heated up, gold prices surrendered their gains and closed at $3,332.66 per ounce, down about 0.1%. The meeting between US President Trump and Ukraine and European leaders is progressing relatively smoothly. US Trump announced the launch of preparations for the "Pze Meeting". The heating of the prospects for the Russian-Ukrainian conflict and peace directly suppressed gold's risk avoidance.Demand, the Russian-Ukrainian conflict has been an important catalyst for pushing up gold prices since the outbreak. However, this situation is quietly changing as Trump actively intervenes in the peace process. In addition, this trading day should also pay attention to the initial value of the annualized total number of construction permits in the United States in July and the speech of Federal Reserve Director Bowman.
Gold technical analysis: Gold fluctuated and washed the market yesterday, with the 3323 line stabilizing, reaching a maximum of 3358 and falling back, and the daily line closed with a negative cross. In the morning, the market fell directly to 3326. If the second drop is not a new low, it will continue to rebound today, so the overall trend of fluctuating and washing the market has temporarily gone through a wave of fluctuating and washing the market. The daily line closed with a very long shooting star with an upper shadow line. After this pattern ended, gold fluctuated and washed the market without changing the downward trend. Today, gold rebounded and continued to short, and there is still room and demand for continued decline. Today, gold pays attention to the upper resistance at the US$3348-50 line, and continues to short the rebound below the resistance. Let's look at the low point of the US$3323 line below, and then look at the US$3309 line before falling below!
Gold rose and fell in one hour, and the bulls did not continue in the end, and a large range fluctuation began in the short term. Yesterday, gold bulls were under pressure from the 3358 line and then had no strength to break through. The current resistance is the high point of the morning session. If the market does not break, it will fall. It is not ruled out that a new low will xmtraders.come to a strong support around 3309 below. If the market stabilizes 3335 again, it is estimated that it will go around 3345 or even 3350 or near yesterday's high. Gold also began to hover at the 3350 line yesterday, and then finally broke down. It could still be short when rebounding around 3350 in the morning. 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 above focuses on the resistance of 3348-3358 on the first line, and the short-term focus below focuses on the support of 3320-3310 on the first line.
Analysis of the latest trend of crude oil:
Analysis of crude oil news: During the European session on Tuesday, international oil prices fell slightly. Brent crude oil futures fell 0.19% to $66.32 per barrel; U.S. WTI September futures fell 0.45% to $62.43, and the more active October contract fell to $62.61. xmtraders.compared with the previous trading day's rise of about 1%, the trend has seen a pullback. Market sentiment is mainly affected by geopolitical expectations. After meeting with Ukrainian President Zelensky and European allies, U.S. President Trump said he had spoken with Russian President Putin and began to arrange a trilateral summit between the United States, Russia and Ukraine. The progress is seen as a possible push to lift some sanctions against Russian crude oil, thereby lowering oil prices. This round of oil price fluctuations fully demonstrate the market's high sensitivity to geopolitical negotiations. Once there is substantial progress in the tripartite talks, the oil market will reprice the risk premium; but if the negotiations fail or are accompanied by new sanctions, oil prices may rise rapidly.
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 been formedIt is a short position, 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 is downward and gains support and rebounds upward near the previous low. Oil prices cross the moving average system, and the short-term objective trend direction turns upward. The K-line has three consecutive big positive lines, and the bulls' momentum is strong. It is expected that the intraday crude oil trend will continue to test the price around 63.30. 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 resistance of 63.8-64.3 in the upper short-term focus should be on the support of 61.5-61.0 in the lower short-term focus should be on the support of 61.5-61.0 in the lower short-term focus.
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 Foreign Exchange Market Review]: Analysis of the latest market trends of 8.20 gold and crude oil and today's exclusive operation suggestions and guidance". It was carefully xmtraders.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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