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4.24 Analysis of the rise and fall trend of gold and crude oil today and the latest exclusive long and short operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: Analysis of the up and down trend of 4.24 Gold and crude oil today and the latest exclusive long and short operation suggestions". Hope it will be helpful to you! The original content is as follows:
The latest gold market trend analysis:
Gold news analysis: Spot gold continued its pullback trend on Wednesday. Market sentiment is driven by multiple factors, especially the recent moderate statements of US President Trump on tariffs and Federal Reserve policies have triggered pressure on profit-taking of gold in safe-haven assets. At the same time, global stock markets and bond markets have risen due to the rebound in risk appetite, and gold, as a traditional safe-haven asset, is under obvious pressure. Looking ahead, the gold market will maintain high volatility under the dual influence of fundamentals and technical aspects. In the short term, the cooling of risk aversion sentiment caused by Trump's moderate statements may continue to put pressure on gold prices, but in the long run, risk aversion demand and fundamental support will remain stable. Pay close attention to the performance of US policy trends, US dollar trends and key technical levels to grasp the market rhythm.
He Bosheng's personal opinion: U.S. Treasury Secretary Becente implies that international trade tensions will ease, which has stimulated optimism in the stock market and boosted the dollar to rebound to a nearly weekly high; U.S. President Trump said he had no intention of firing Federal Reserve Chairman Powell. Affected by this, the dollar soared in the short term and spot gold experienced a shocking plunge. After a short-term surge, the bulls also have a demand for profit settlement and pullback. The market risk aversion sentiment has eased, and the US dollar index rebounded oversold. At the same time, there is a demand for correction after the technical indicators of gold daily charts have been continuously overbought. Under the superposition of multiple factors, the gold price has maintained wide fluctuations in the short term, waiting for the technical indicators to correct, and continue to pay attention to the direction choice of the US dollar index. After this crazy surge in risk aversion stimulus, I believe that the market will calm down and will focus on the Federal Reserve's interest rate decision and next week's non-farm data.
YellowGold technical analysis: Gold's daily line fell sharply by 230 US dollars. Currently, 3500 is under short-term pressure for the moment, and today it is looking at the continuity of the decline; 5 minutes of opening, it directly rushed from 3288 to 3310. Last night, the lowest hit to 2956-3500 and the 0.5 split level above the 3258 line. This position has temporarily supported and rebounded, but whether the adjustment is over is not determined, and it depends on the intraday closing line pattern. If the closing of today can re-establish above the MA5 daily moving average resistance 3358, then there are signs that the downward adjustment will be xmtraders.completed, and the positive line must be pulled up next day; otherwise, the closing If the market is below MA5, then there is a high probability that the 10 moving average will fall, and then the 50 split position is 3228. It happens to be the starting point of the big sun on April 16. It is very likely that this round of adjustment will be the end point, or there will be little room for further downwards, because from the standard wave pattern, it cannot fall below the high point of the first wave, that is, 3167. It is also the current middle track; therefore, either 3228 stabilizes at a low point, or 3228-3167 stabilizes somewhere in the 3228-3167 area, and then finally returns to the bullish trend to pull up, so friends who want to trade the bottom can use it as a reference.
The short-term 4-hour mid-track 3380 line has fallen and become a key counter-pressure point. As long as it does not stand up again, it will maintain a downward correction. After breaking 3292 below, the 66-day moving average is 3260 and 3260 to see the gains and losses; the 1-hour K-line is under pressure, ma10 and ma5 continue to fall. After last night's consolidation and pull-up, the K-line has now rerun above ma10. With macd under the golden cross below the zero axis, this wave of rapid downward exploration of US$200 has almost corrected most of the time. If it continues again, or the bottom divergence will slowly brew a short-term bottom; today's gold rebound is focused on the resistance below 3340, and the extreme mid-track 3356, and it is still bearish to adjust. Strong support 3260 or 3245 stability will begin to consider buying at the bottom. 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 3340-3360 line of resistance above, and the short-term focus on the 3280-3260 line of support below.
The latest trend analysis of crude oil:
Crude oil news analysis: Brent crude oil futures rose 0.9% to $68.05 per barrel, and US WTI crude oil rose 0.94% to $64.27 per barrel, continuing the gains in the previous trading day. Market sentiment is boosted by a new round of US sanctions on Iran. The US Treasury Department announced new sanctions on Said Asadora Emamyomeh, a core figure in Iran's liquefied petroleum and gas export network and its corporate system. This round of oil price increases reflects short-term positives on geopolitical and inventory side, but from a structural perspective, the market remains reserved about the demand outlook. If EIA inventory data again confirms supply tightening this week, Brent oil prices are expected to challenge the resistance above $69.00 in the short term. However, there is still uncertainty in the global trade situation and the oil market may still face the risk of volatility. Pay close attention to inventory data,and key factors such as OPEC's statement to evaluate the future direction of oil prices.
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 upward, and is well supported by the moving average system, and the short-term objective trend direction is upward. Judging from the K-line distribution, short-term alternating upward trends are highly repetitive. It is expected that crude oil will continue to fluctuate repeatedly during the day and continue to hit new highs. 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 63.5-64.0 line resistance at the top, and the short-term focus should be on the 61.0-60.5 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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