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4.22 How to get out of short positions with strong gold rise? Suggestions for long and short operations in today's crude oil market
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Hello everyone, today XM Foreign Exchange will bring you "[XM Group]: How to unwind short positions with a strong rise in gold in 4.22, and suggestions for long and short operations in crude oil market today." Hope it will be helpful to you! The original content is as follows:
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Analysis of the latest trend of gold:
Analysis of gold news: On Monday (April 21), as the weakening of the US dollar and the Sino-US trade tensions intensified market concerns about the economic outlook, investors' risk aversion sentiment heated up, pushing gold prices to a record high, breaking through the $3,400 per ounce mark for the first time. As of press time, spot gold rose 2.98% to $3442.22 per ounce, hitting an all-time high of $3444.36 earlier in the session. The dollar exchange rate fell sharply on the same day as US President Donald Trump made critical remarks on Fed Chairman Jerome Powell, further striking market confidence in the U.S. economy. A weakening dollar usually increases the attractiveness of gold denominated in USD to holders of other currencies. On the trade side, China accused the United States of abuse of tariff tools and warned other countries not to reach a broader economic and trade agreement with the United States at the expense of its own interests. As tariff tensions continue to heat up, we continue to seeGold as a safe-haven asset continues to rise. To sum up, spot gold hit a record high driven by weak US dollar and risk aversion sentiment. The bullish momentum remains strong in the short term, but overbought signals indicate that we need to be wary of the risk of pullbacks. The medium-term trend will depend on the evolution of trade negotiations and geopolitical situations, with $3,500 per ounce still the target of market attention. Traders should maintain a keen observation of market changes to grasp the market rhythm.
Gold technical analysis: Another day's increase of US$100, from the opening to the present, the US market just hit the 3430 line and fell back, but the drawdown is still not continuous. Under the current background, the bulls xmtraders.completely dominate the direction. Pay attention to the possibility of a sharp drop before the tariff fundamentals have not been alleviated, but this is like a time bomb, so it is best to lock in trading with intraday short-term profits.
Gold continued to maintain its volatile upward trend during the day. The price once approached US$3,430. Gold is currently continuing to maintain its high-level volatility and strong trend on the daily trend. There is no sign of a top yet. The 4-hour trend has been repeated with the sideways after the rise, and then the slight decline and the continued upward trend after the adjustment. The current rise has slowed down. The hourly trend has temporarily maintained a narrow fluctuation, but the intensity and continuity of the intraday retracement are not too great. Pay attention to the possible sideways oscillation after xmtraders.completing the technical pattern repair. At present, we must pay more attention to the adjustments in the lower-level cycle trends, and the technical pattern signals are still relatively obvious. Therefore, the current trend cannot be viewed with a conventional mindset, and the high point cannot be judged. It is entirely driven by emotions. We should do a good job of risk control in the short term to follow the operation.
Remember: The current market rise depends entirely on tariffs, and the technical aspects do not have much reference significance. Tariffs do not ease for a day, and gold will not be able to pull back in one day. Driven by emotions, don’t guess the high point. Even the general position given is just a reference. No one can say the real high point is accurate. It can only be a flexible adjustment strategy according to the market trend. In the short term, it has risen three times in the day, so you can’t chase long. If you have more, you need to wait for a good retracement later. You can pay attention to MA10 and MA20 support to card long. If you rise too much, it is not a reason to fall. You only need to pay attention to the risks as you go up. There is no problem with long short term. The next big goal is the 3500 mark. 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 on the 3460-3470 line resistance, and the short-term focus on the 3427-3417 line support.
The latest trend analysis of crude oil:
Crude oil news analysis: At the beginning of Monday, Brent crude oil futures fell 85 cents to $66.75 per barrel, a drop of 1.32%; WTI crude oil fell 117 cents to $62.83 per barrel, a drop of 1.83%. The decline was mainly affected by the breakthrough progress made in the US-Iran nuclear talks over the weekend. Iranian foreign minister said the two sides have begun to formulate a framework for potential nuclear deals, while U.S. officials say negotiationsMade "very good progress". Market interpretation believes that if Iranian crude oil gradually returns to the international market in the next few months, it will significantly alleviate global supply tensions and thus curb short-term oil prices. Progress in the US-Iran nuclear talks undoubtedly suppresses short-term oil prices, and market expectations of a return to supply will suppress speculative bullish sentiment. However, considering that the implementation of the agreement still faces xmtraders.complex procedures, coupled with the unstable geopolitical situation in Russia and Ukraine and the OPEC regulation has not been fully in place, the oil market will still maintain a wide range of fluctuations in the future. Focus on details of the US-Iran negotiations, changes in US energy inventory and signals of the new round of OPEC meetings.
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 remained fluctuating upward, and the oil price in Asia fell slightly in the early trading, and was still well supported by the moving average system, and the short-term objective trend direction was upward. Judging from the strength of the decline, it is not very strong. The overall upward trend of crude oil remains unchanged. It is expected that the intraday crude oil trend and upward tests are around 66. 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 64.3-64.8 line resistance at the top, and the short-term focus should be on the 62.0-61.5 line support at the bottom.
He Bosheng's message: Now is the era of the rise of the investment industry, and I believe investors are also confused. For example, among the questions of what kind of investment, what platform to choose, how much money to put, whether the funds are safe, whether they can make profits, etc., He Bosheng has seen too many customers' experiences in recent years, and one year has doubled, one has lost half of the money in one month, and so on. I won’t choose to change anything, nor can I change anything. This is the market. What I can do is to make myself work harder, insist on doing my own transactions, and deserve the trust of my customers and me. I guarantee you too much, and what I get is a thousand miles apart. The trust between people is gradually lost. What I want to do is not a one-time transaction, but I hope for a good relationship that will last forever. He Bosheng helps you establish your own investment ideas so that you can go on for the long term, create brilliance together and win-win cooperation.
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. Return to Sohu and view more
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