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11.21 Gold surges, crude oil plummets, latest market trend analysis and today’s exclusive operating advice and guidance
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Hello everyone, todayXM Foreign Exchange will bring you "[XM Foreign Exchange]: 11.21 gold surges, crude oil plunges, latest market trend analysis and today's exclusive operation advice and guidance." Hope this helps you! The original content is as follows:
The most terrifying thing in the market is not that there is no market, not that there are no opportunities, but that there is confusion and random orders. A person who doesn’t know where to go is going in the opposite direction, and the wind blowing from any direction will be a headwind! People who also don’t understand trading, no matter whether they are long or short, once the market fluctuates, it will be an unforeseen disaster! There are no fancy words 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. If your orders are not going well or your investment funds often shrink, then you can talk to He Bosheng and I will do my best to teach him how to fish.
Analysis of the latest gold market trend:
Analysis of gold news: Spot gold was trading around 2649.27 on Thursday (November 21). Geographical hedging still supports the price of gold. Russia's "mirror-like" measures against countries that have frozen Russian assets may further intensify geopolitical tensions and boost gold prices within the day.Gold prices climbed for a third consecutive session on Wednesday, hitting a new one-week high, as escalating tensions between Russia and Ukraine heightened geopolitical concerns and investors sought safety. Spot gold was trading at $2,647.43 an ounce, up 0.6%, having hit its highest level since November 11 earlier in the session. U.S. gold futures closed 0.8% higher, settling at $2,651.70. Russian President Vladimir Putin has lowered the threshold for using nuclear strikes to respond to a wider range of conventional attacks as geopolitical tensions rise. Peter Grant, vice president and senior metals strategist at Zaner Metals, said: "Obviously, this has promoted safe-haven interest. I have indeed seen the inverse correlation reappearing in recent weeks, and believe that the strength of the U.S. dollar is a negative factor for gold in the future." Focus on the day: U.S. initial jobless claims data, the preliminary November consumer confidence index in the euro zone, a speech by Bank of Japan Governor Ueda Kazuo, and a speech by RBA Chairman Bullock.
Gold technical analysis: Gold has broken through the 38.2% Fibonacci retracement level of the previous decline this week. The bulls are currently targeting the $2658-2660 range. If it can further stand above 2640, it may test the short-term resistance level of $2670-2672. The higher target is near the psychological level of $2,700, but it needs to be supported by continued buying momentum. From the short-term market point of view, after pulling up the 2642 line in early trading, the trend weakened, and the market fell all the way to the 2630-2620 mark, and the lowest fell to the 2618 line! To be honest, this round of decline is still quite strong. After breaking the slow rise, the market is suppressed by the downward trend line. If it cannot stand firm at 2640 and continue to rise, the trend will become weaker and directly break the first trend line of this round of rising channel. In the short term, there is still support near 2630. Those who have not entered the market can continue to consider entering long orders at 2630; gold will rise after it breaks through, and gold will continue to fall back more today.
Gold continues to rebound from this situation from the 4-hour chart. In terms of form, the price has rebounded to the 50-digit acceleration line below the 4-hour chart, and has now entered the lower line. The market outlook is expected to build a right shoulder structure, because firstly, the price has recovered the lower line, and secondly, it has also broken through the upper line in four hours. This is an outlook for the future market. For the upper part of the day, the focus is on the downward trend line since the decline of 2790. Once the level is broken, the expectations above will eventually evolve into reality, so for today to continue to be low and long, the 1-hour moving average of gold will continue to diverge upward, and gold bulls still have momentum. Gold dropped to 2618 in the afternoon and directly bottomed out and rose in line with expectations. Gold will continue to go long on dips at 2630 today. The support of gold's moving average has now moved up to the 2630 line. If gold falls back to 2633 today, we can still continue to go long. On the whole, today's short-term operation of gold, He Bosheng recommends to focus on callback longs, supplemented by rebound shorts. The top short-term focus will be on the 2665-2670 first-line resistance, and the bottom short-term focus will be on the 2635-2630 first-line support.
Analysis of the latest crude oil market trends:
Analysis of crude oil news: Oil prices ended lower on Wednesday after data showed that U.S. crude and gasoline inventories increased more than expected last week, but concerns about the intensifying war between Russia and Ukraine limited the decline in oil prices. The settlement price of January Brent crude oil futures fell 0.68% to US$72.81 per barrel. U.S. crude oil futures for December delivery, which expired on Wednesday, settled down 0.75% at $68.87. The settlement price of January U.S. crude oil futures, which is more actively traded, fell 0.71% to $68.75. Data from the U.S. Energy Information Administration (EIA) showed that U.S. crude oil and gasoline inventories rose more than expected last week, putting pressure on oil prices. Norway's Equinor said that after experiencing a power outage, the xmtraders.company's North Sea Johan Sverdrup oil field has restored full production capacity. The conflict between Russia and Ukraine, as well as concerns about future oil supply disruptions, have provided bottom support for oil prices. John Kilduff, a partner at Again Capital, said: "These risks on the supply side will definitely maintain price support and offset concerns about the global demand outlook to a certain extent." "
Crude oil technical analysis: The crude oil market opened at 69.22 US dollars/barrel yesterday, then the market fell first, with the daily lowest reaching 68.63 US dollars/barrel, and then the market rose, with the daily highest hitting 69.9 USD/barrel, the market was subsequently consolidated under the pressure of the daily Bollinger Middle Track, and the daily line finally closed at US$69.4/barrel. The market closed in the form of a spindle with long upper and lower shadows. After such a form ended, crude oil continued to fluctuate. Looking at the four-hour level of crude oil, the upper, middle and lower Bollinger Bands are all parallel and moving forward, forming a large channel. Currently, the K line is receiving pressure from the middle track of the Bollinger Bands and is trying to break through. After the moving average forms a golden cross, it does not have much momentum. Instead, it keeps moving parallel to the right. The market outlook will focus on whether the support is effective. Based on the above analysis, He Bosheng believes that crude oil is operating in a volatile range and is undergoing an upward test. Today's operation idea is to focus on rebounding from high altitudes, supplemented by falling back to lows. The top short-term focus is on the 70.5-71.0 first-line resistance, and the bottom short-term focus is on the 68.0-67.5 first-line support.
He Boxheng’s message: Now is the era of the rise of the investment industry, and I believe investors are also confused. For example, what kind of investment to invest in, what platform to choose, how much money to invest, whether the funds are safe, whether it can make a profit, etc. Among the questions, He Bosheng has seen the experiences of too many customers in recent years. Some have doubled several times in a year, some have lost half of their money in a month, etc. I won't choose to change anything, and I can't change anything. The market is like this. All I can do is make myself work harder, insist on doing my own transactions well, and live up to the trust my customers place in me. I promise you too much, but what you get is vastly different. The trust between people is slowly lost. What I want to do is not a one-time transaction, but a long-term and win-win relationship. He Bosheng helps you establish your own investment ideas, so that you can go forward in the long run, create brilliance and cooperate togetherWin-win.
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. Whether you agree with the views and strategies of the article or not, you can xmtraders.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 xmtraders.comes first, secondly consider operational risks, and finally how to make profits.
The above content is all about "[XM Foreign Exchange]: 11.21 Gold surge, crude oil plunge, latest market trend analysis and today's exclusive operation suggestions and guidance". It is 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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