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4.21 Gold surge and crude oil plummet latest market trend analysis and exclusive operation suggestions today
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: Analysis of the latest market ups and downs in 4.21 gold soars and crude oil plummets 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: Last week due to the Easter holiday, by Friday, although the foreign exchange market was still trading, the trading was light, and the US dollar was still in a weak situation last week. After falling below the 100 mark last week, it repeatedly tested and returned to above the 100 mark last week, but the pressure was high. The trade war caused the confidence of the US dollar to be regarded as a safe-haven asset to continue to lose. However, after the US dollar fell sharply last week, the decline slope converged last week, and rebounded slightly as the weekend approached, showing a deep rebound. The market atmosphere is prudent, and the main themes that affect market conditions include tariff uncertainty, progress in negotiations between the United States and trading partners, and conversations between major central bank officials. Gold has frequently made headlines recently because of its long-standing position as a safe-haven asset - whenever a crisis and market volatility xmtraders.comes, investors always flock to gold. After the "Liberation Day", global geopolitical and fiscal trends have accelerated, and the importance of gold seems to continue to rise.
Gold technical analysis: Stimulated by the news, gold prices have continued to hit historical highs this year. As of the close of last week, the gold price has reached a high of 3357. Last Thursday, there was a slight retracement signal after hitting a historical high, but the closing price is still above 3320. The weekly line closed a Kan-yang line with a physical body longer than the upper and lower shadows, indicating that there is a possibility of further upward trend this week. In other words, while we are optimistic that overbought will trigger selling at the end of the week, some investors are also optimistic that falling buying will enter the market. So last night's trend plunged from the high to 3284 and then rebounded to 3327 closing. The closing price reflects the general trend that gold prices are still a trend that continues to rise.
Short-term trendIn the first place, the pullback last Thursday stopped at 3284 and did not reach the previous high point conversion support of 3245, so the support level can move up to 3285; for the upper resistance, you need to pay attention to the historical high suppression situation of 3357. If the news on the weekend, especially the remarks on trade conflict and Trump continue to stimulate the Fed to cut interest rates, it will significantly increase the probability of gold rising. Therefore, it is recommended to focus on long pullbacks. As for the entry point, the first one is 3310. As a step support level for a high-level pullback, it is also a retracement point during the rebound, so it can be used as an entry point to look bullish. The above mainly focuses on the high-point suppression of 3357. If the level continues to break, you can continue to see the position of 3409 above. Overall, in terms of gold's short-term operation ideas today, 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 on the 3357-3367 line of resistance, and the short-term focus on the 3328-3318 line of support.
The latest trend analysis of crude oil market:
Crude oil news analysis: During the Asian trading session last Thursday, international crude oil prices continued yesterday's rise: Brent crude oil rose $0.34 to $66.19, an increase of 0.5%, WTI crude oil rose $0.44 to $62.91, an increase of 0.7%. Both benchmark oil prices rose 2% on Wednesday, setting their highest closing price since April 3. Since last Friday was Good Friday and trading will settle early on Thursday, the rebound may mark the first weekly positive after two consecutive weeks of declines. Both benchmark oil prices rose 2% on Wednesday, setting their highest closing price since April 3. As Friday is Good Friday and trading will settle early on Thursday, the rebound may mark the first weekly positive after two consecutive weeks of declines. The current rise in oil prices is more driven by short-term news, reflecting supply disturbances and emotional recovery, rather than fundamental improvements in fundamentals. The U.S. sanctions on Iran and OPEC quota adjustments may bring temporary tensions, but the rebound in oil prices may be limited in the context of global trade concerns and institutional downgraded demand forecasts.
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. After the oil price hits a low of 55.20, the frequent alternation of bulls and bears formed will accumulate momentum for shorts in the medium term and are expected to further decline to the 50 position in the later period. The short-term (1H) trend of crude oil fluctuates and rises, the moving average system gradually diverges upward, and the short-term objective trend direction returns to upward. Oil prices hit the 64.20 line in the early trading, falling slightly, and the bulls' momentum gradually increased. It is expected that the crude oil trend will continue to test the 66 line position upward. 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 resistance of 64.8-65.3 in the upper short-term focus should be on the support of 62.8-62.3 in the lower short-term focus should be on the support of 62.8-62.3 in the lower short-term focus.
This article was contributed by He Bosheng, due to the InternetPush delay. The above content is personal advice. Because 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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