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Rising high and falling backward hammer head, making profits to settle gold and silver shortage
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: Rising high and falling back and falling hammer head, making profits to settle gold, silver and short." Hope it will be helpful to you! The original content is as follows:
Yesterday, the gold market opened at 3746.1 in the morning and then the market fell first. The daily line was at the lowest point of 3736.5 and then the market fluctuated strongly. The daily line reached the highest point of 3791.4 and then the market took profit and adjusted. The daily line finally closed at 3764.6. After the daily line closed in a very long upper shadow line, the inverted hammer head pattern closed, and after this pattern ended. Today's market has certain adjustment pressure on the daily line. At the point, the longs of 3325 and 3322 below are as longs of 3368-3370 last week and the longs of 3377 and 3385 longs and 3563 longs and 3563 longs and 3590 after reducing positions. Today, the shorts are conservative and 2785 shorts are 2789, the target is 2760 and 2750, and the break below is 2740 and 2732.
The silver market opened at 44.013 yesterday and the market fell first. The daily line was at the lowest point of 43.621 and then the market rose strongly. The daily line reached the highest point of 44.46 and then the market surged and fell. The daily line finally closed at 44.021. Then the market closed with a long-leg cross star with an upper and lower shadow line. After this pattern ended, the long position of 37.8 below and the long position of 38.8 last Friday, the stop loss followed up at 41. Today is short 44.3, stop loss 44.5, target 43.8 and 43.6 and 43.3.
European and American markets opened at 1.17944 yesterday and the market first rose. The daily high of 1.18203 was given a strong decline. The daily line was at the lowest point of 1.17764 and then the market rose. After the daily line finally closed at 1.18142, the daily line closed with a small positive line with a very long lower shadow line. After this pattern ended, the stop loss of more than 1.17900 today was 1.17700, and the target was 1.18200 and 1.18400 and 1.18650 and 1.18800.
The US crude oil market opened at 62.61 yesterday and the market fell first. The daily line was at the lowest point of 62.1 and then rose strongly. The daily line reached the highest point of 64.16 and then consolidated. The daily line finally closed at 63.93. Then the market closed with a large positive line with a lower shadow line slightly longer than the upper shadow line. After this pattern was concluded, the stop loss of 62.2 was reduced yesterday and the stop loss was followed at 62.6. Today, 63.2 was 62.7. The target was 63.8 and 64.2 and 64.6-65.
Nasdaq market opened at 24749.14 yesterday, and the market rose first, and then the market fell strongly. The daily line was given the lowest position of 24535.03 and then the market consolidated. After the daily line finally closed at 24593.23, the daily line closed with a mid-yin line with an upper and lower shadow line. After this pattern ended, 24700 short stop loss of 24750 today, with the target of 24600 and 24550 and 24500-24450.
Fundamentals, yesterday's fundamentals, many local officials of the Federal Reserve spoke, and Goulsby said that he has not considered a 50 basis point interest rate cut at present. Eventually, the Fed rate may stabilize at around 3%. Bowman said he expects to cut interest rates three times in 2025. Bostic said he believes that the current real neutral interest rate is 1.25%. At some stage in the future, it may support setting the inflation target range from 1.75% to 2.25%. Powell said policy rates are still slightly restrictive, but allow us to better cope with potential economic progress. Fed's voice-over: Powell believes that interest rates are still tightening may open up space for further interest rate cuts. Today's fundamentals focus mainly on the annualized total number of new home sales in the United States in August at 22:00. Look at the 22:30 U.S. to September 19 weekly EIA crude oil inventories and U.S. to September 19 weekly EIA Cushing crude oil inventories and U.S. to September 19 weekly EIA strategic oil reserve inventories.
FuckOn the one hand, gold: 3325 and 3322 long below and 3370 long last week and 3377 and 3385 long last week and 3563 long last Friday, and the stop loss followed at 3590. Today, 2782 shorts conservative 2785 shorts stop loss 2789, the target is 2760 and 2750, and the break below and 2740 and 2732.
Silver: 37.8 long below and 38.8 long last Friday, and the stop loss followed at 41. Today is short, stop loss is 44.5, target is 43.8 and 43.6 and 43.3.
Europe and the United States: Today is 1.17900 and more stop loss is 1.17700, target is 1.18200 and 1.18400 and 1.18650 and 1.18800.
US crude oil: yesterday's 62.2 position reduction followed by stop loss at 62.6, today 63.2 and more stop loss is 62.7, target is 63.8 and 64.2 and 64.6-65.
Nasdaq Index: 24700 short stop loss 24750 today, with a target of 24600 and 24550 and 24500-24450.
The above content is all about "[XM Foreign Exchange Market Review]: Rising high and falling back hammer head, making profits to settle gold and silver short", which was carefully xn--xm-6d1dw86k.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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