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He Bosheng 4.23 Gold Waterfall fell and crude oil rose strongly today's market trend analysis and operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: He Bosheng 4.23 Gold Waterfall fell and crude oil rose strongly today's market trend analysis and operation suggestions". Hope it will be helpful to you! The original content is as follows:
The latest gold market trend analysis:
Gold news analysis: On Tuesday (April 22), gold prices soared and once again set a record high. Spot gold once hit the $3,500 mark, an increase of about 2.2%. US President Trump criticized Federal Reserve Chairman Powell for causing concern to the market, curbing the willingness to risk, and pushing investors to turn to safe-haven gold. After hitting the 3500 mark, the gold price fell slightly, and as of the time of submission, spot gold has reached a low of $3372.69 per ounce. Gold continues to attract eager buyers every short-term pullback, and frankly, no one can guess how far this round of rally can go. The momentum behind this round of trend is clear and clearly suppresses any substantial selling behavior from traders or long-term investors. Against this backdrop, gold forecasts remain bullish even though gold prices have reached significantly overbought technical levels.
Gold technical analysis: Gold was bullish yesterday, but gold bulls were not strong enough. The US market fell below the last low. Gold continued to fall back to the downward trend. It currently hit the 3380 line at the lowest point, and it retreated from the intraday high of 3500 to exceed US$120. It is as strong as it rises, and the decline will be the same. This fluctuation has been relatively large recently. You must pay attention to risk control in trading. The market will always be there, and there will be no shortage of opportunities. Don’t get up. After falling below the low point of the European session, it was confirmed that the adjustment is still continuing. Be careful not to blindly chase long. The daily line deviates from the short-term moving average. If the upper shadow line of the closing is longer today, there is still a possibility of falling in the future. If it is a high fluctuation, it is a correction method for time to exchange space. Pay attention to the direction of the market.
The 1-hour reverse V reversal, and the 1-hour moving average of the gold also began to show signs of turning around. There was no risk-averse news in the second half of the night. Then the daily line did not go up, which was the high-level shooting star. The high points of the US market rebound decreased in turn. The short-term gold has formed a short-term trend. The second rebound of the US market was under pressure and fell again near 3430. Then the US market rebounded 3430 and continued to be at a high altitude. Gold can continue to be short near 3420. The market is changing rapidly. Since gold cannot rise and it begins to fall, the bulls in gold have been declared over in a short period of time. We started today and we must pay attention to high-level reversals, because if this violent rise is reversed at high levels, it will also be very rapid. 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 on the 3350-3380 line of resistance above, and the short-term focus on the 3300-3280 line of support below.
The latest trend analysis of crude oil market:
Crude oil news analysis: International oil prices rose slightly on Tuesday (April 22), mainly driven by short cover from investors. Brent crude oil futures rose 1.36% at one point, reaching a high of $67.36 per barrel; the US WTI crude oil contract rose to a high of $64.05 per barrel, an increase of 1.54%, while the June contract, which is more active in trading, rose 1.84%, reaching a high of $63.56 per barrel. However, this rebound did not change the overall cautious sentiment of the market. Both benchmark crude oil fell more than 2% on Monday, mainly due to progress in U.S.-Iran negotiations, eased supply concerns. Oil prices are currently in a fragile rebound stage, and are more supported by short-term technical factors than fundamental improvements. Trade concerns and policy uncertainty are continuing to weaken market confidence, and it is difficult to break through key resistance zones in the short term. Unless the global demand outlook shows substantial improvement or inventory drops sharply, crude oil prices may continue to remain in the fluctuating range. Paying attention to whether WTI effectively holds above $60 will become the weather vane for subsequent trends.
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 consolidates, oil prices repeatedly cross the moving average system, and the short-term objective trend is mainly consolidation. The oscillation is at a secondary rhythm, and the bullish momentum of oil prices gradually warms up in the early trading. It is expected that the crude oil trend will remain fluctuating upward during the day. 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 65.3-65.8 in the upper short-term focus should be on the support of 63.0-62.5 in the lower short-term focus should be on the support of 63.0-62.5 in the lower short-term focus.
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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