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4.17 Analysis of the latest market trends of gold and crude oil strong rise and today's exclusive operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: 4.17 Gold and crude oil strong rise latest market trend analysis and exclusive operation suggestions today". Hope it will be helpful to you! The original content is as follows:
The latest gold market trend analysis:
Gold news analysis: On Wednesday (April 16), due to US President Donald Trump's order to investigate import tariffs on key minerals, the market's risk aversion sentiment heated up rapidly, and gold prices broke through the $3,300 per ounce mark for the first time. As of press time, spot gold rose 2.76% to $3,351.02 per ounce, after hitting an all-time high of $3,357.38 intraday. The dollar index fell 0.5%, making gold cheaper for overseas buyers, further pushing up gold prices. To be honest, we have basically said everything we should say about this phenomenon. In this tariff war, various favorable factors continue to "escort" gold. With this round of upward trend, gold has risen by 26% so far this year, and is about to surpass its full-year performance in 2024.
Gold technical analysis: At present, gold has basically rushed to the sky. In April, you can basically see that the gold amplitude is within the fluctuation range of 70-100 points every day. You say that the fixed point is sometimes really fleeting. The optimistic resistance is like paper and it is about to break at once. So is gold really going to go to heaven? He Bosheng can only say that under such a favorable situation, it is really difficult for gold to see him fall!
Looking at the big level, the daily chart gold price has formed a lasting upward trend starting from the low of $2536.68, and is currently at around $3300, significantly higher than all major moving averages, indicating that the long-term bullish momentum remains strong. The golden cross pattern of the MACD indicator on the daily chart continues to develop, indicating that the long-term trend momentum is still upward.The daily RSI reading is 73.45 and has entered the overbought area. It is worth noting that the price recently broke through the resistance level of US$3230.00 and then continued to rise, which further verified the situation of bulls controlling the market. This year, the trend cannot be changed. If there is a pullback, squats or sideways consolidation, it is a bullish opportunity; then once the closing of a big positive K today, the 3245 top and bottom support will continue to be bullish. As for where the height is, the third derivative wave of the monthly line is calculated at the 3444 line at 2 times, which is also the goal of the next stage.
From the short-term 4-hour trend, as a strong one-sided rise, pay attention to the 5-momentum support above 3310 and continue to look bullish; from the 60-minute chart, the gold price maintains a strong upward momentum and is currently around US$3328. It is worth noting that the RSI indicator reading reached 84.88, which has entered the overbought area, implying that it may face certain pullback pressure in the short term. The gold market surged in the early trading, the European session continued to rise, and the US session rose for the second time. This is the trait decision we often mention. At present, the first support of the lower limit is focused on the 3310-3305 area, that is, the support near the bottom of the 10 moving average and the big positive line. The strong support is the European session's low point 3288 line, and further down is the support near the 3272 moving average. The short-term xmtraders.combination of the moving average and the top-bottom conversion point support resonance continues to be bullish.
Online gold basically maintains an upward trend during the hourly period, and that round of highs and declines only reached the 3288 line. Then the bullish position continued at night is around 3280. It can only be said that the strong market retreats by more than 30 US dollars, so its increase will inevitably continue. Before there are no particularly obvious signs of a sharp decline at present, going long has become our only choice and the best and safest choice! Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that the pullback should be long and the rebound should be short. The short-term focus on the upper short-term focus should be on the 3370-3380 line resistance, and the short-term focus should be on the 3330-3320 line support.
The latest trend analysis of crude oil market:
Crude oil news analysis: During the US session on Wednesday, international oil prices rose strongly, Brent crude oil futures fell 0.45% to $64.55 per barrel, while US WTI crude oil fell 0.2% to $60.64 per barrel. Despite a slight rebound, the two major benchmark crude oils have not yet escaped the decline of about 13% this month. Traders generally attribute this phenomenon to the escalating U.S. traders have led to its escalating trade barrier policies and the global economic uncertainty it has caused. Currently, the global oil market is facing the dual challenges of supply and demand mismatch and policy risks. The changes in trade policy led by the United States have suppressed the energy consumption structure, and the IEA has rarely significantly lowered its global oil demand growth expectations, which also exposed the market's high vigilance for future economic growth. Against the backdrop that OPEC+ has no intention to reduce production, it is difficult for oil prices to rebound structurally in the short term.
Crude oil technical analysis: From the daily chart level, the medium-term trend moving average system is arranged downward, and the medium-term objective trend direction is downward. Oil prices hit 55After the low point of 20, the formation of bulls and bears frequently alternates, and the momentum of bears is accumulated in the medium term and is expected to further decline to the 50 position in the later period. The short-term (1H) trend of crude oil is in the head and shoulders bottom prototype. The right shoulder position fluctuates for 3 trading days in a narrow range, and the proportion of left and right shoulders is gradually unbalanced. In the correction rhythm in recent days, the fluctuation of oil prices has gradually narrowed, and the market is waiting for the direction of breakthrough. It is expected that the probability of a slight rise in crude oil during the day is relatively high. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that the main focus should be on the low-sinking back, and the rebound should be supplemented by the high altitude. The short-term focus should be on the 64.0-65.0 line resistance at the top, and the short-term focus should be on the 62.0-61.0 line support at the bottom.
This article is provided by He Bosheng. Due to the delay in online push, the above content is personal advice. Because the online posting is timely and is for reference only, you can bear the risk at your own risk. Please indicate the source when reprinting.
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