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9.24 Analysis of the rise and fall trend of gold and crude oil today and the latest exclusive operational advice guidance
Wonderful Introduction:
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: Analysis of the up and down trends of 9.24 Gold and Crude Oil Today's Market Trends and the latest exclusive operating suggestions and guidance". Hope it will be helpful to you! The original content is as follows:
Same market, different guidance, different life. The characteristic of novices is that they do not understand technology and enter the market blindly. They only consider one issue each time they trade: they think that as long as they predict the market's rise and fall, they can make this transaction. This approach of focusing on direction and ignoring position has caused traders to fail. In fact, there is a big difference between the "momentum" and the "direction" that follow the trend, because the direction of the market's movement is in a volatile pattern, and the market trend is often global. What I can do here is to help you control your position reasonably, place orders using support and resistance levels, so that every order has reasonableness and traces to follow. The buying and selling points should not enter the market at will, please be responsible for your own funds. If you really can't grasp the market, you can xn--xm-6d1dw86k.come to find me. There will be no loss for you if you have an extra analyst. Always remember one thing: professionals do professional things, and all practical things are only for profits, and cooperation is only for win-win results.
Analysis of the latest gold market trend:
Analysis of gold news: On Tuesday (September 23), spot gold continued to rise in the "acceleration segment", hitting a historical high in the session, reaching a high of $3,790.97, and trading around $3,780 at the beginning of the US market. After the Federal Reserve cut interest rates by 25 basis points last week, the market further easing and geopolitical uncertainty this year have been intertwined, promoting the resonance of demand for hedging and inflation hedging, and gold prices continue to explore new balance ranges in the "no man's land". In the xn--xm-6d1dw86k.coming week, gold trends depend on the results of Congress negotiations on September 30. If the closing occurs (the probability is about 25%-30%), the inflow of safe-haven funds may drive the price to reappear in 2019, up 50-80 US dollars, with a target of more than US$3,850, and the volatility may exceed 20%. If the resolution continuesBy passing, risk mitigation will trigger a 5%-7% pullback, and the price may hit $3,700, but the Fed's interest rate cut in November is expected to support the mid-term rebound with a target of $3,900.
Gold technical analysis: Looking at the current market, the daily chart shows that the price "goes" along the upper track of the Bollinger band, which is a typical trend-type rise. The Bollinger band parameters are BOLL(26,2), middle rail 3544.67, upper rail 3825.67, lower rail 3263.68, and the bandwidth is significantly expanded, indicating that the volatility release is in progress. From the perspective of price structure, 3790.97 is the current historical high, and the short-term "price magnetism" of long and short positions is concentrated near this new high; the horizontal line of 3690.00 corresponds to the previous breakthrough and dense trading area, and has been transformed from resistance to support. If the pullback does not fall below 3690.00, the trend integrity will not be destroyed; once it falls below, this position will become the first line of defense for the bulls, and if it is broken down, it may trigger a backtest of Bollinger's middle track 3544.67.
At the indicator level, MACD (26, 12, 9) shows that the DIFF is 85.97, the DEA is 76.24, and the bar chart is 19.47, which is still above the zero axis and the fast line is higher than the slow line. The momentum is generally large, but the length of the column is slightly converging xn--xm-6d1dw86k.compared with the previous period, implying that the upward action can enter a "consumption period"; RSI (14) is around 79.86, located in a typical overbought area, and there is a need for technical cooling or horizontal consolidation in the short term. xn--xm-6d1dw86k.comprehensive form, bandwidth and momentum are currently in the third stage of the upward trend (acceleration section). The reasonable short-term risk is the rhythm switching of "high oscillation - rapid retracement", while the medium-term structure is still mainly the above-mentioned channel. 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 should be on the 3780-3790 line resistance, and the short-term focus should be on the 3750-3740 line support.
The latest market trend analysis of crude oil:
Crude oil news analysis: Recently, Brent crude oil stopped falling and stabilized after a cumulative decline of 2.8%, maintaining above US$66 per barrel, while WTI was also stable at around US$62. The market focus is on the possibility of increased sanctions on Russia's energy exports. Canadian Prime Minister Carney said he hopes the West will quickly push for secondary sanctions, thereby increasing economic pressure on Russia. On the US, Trump urged Europe to stop purchasing Russian energy, trying to cut off its main source of funding, but has not yet taken additional measures against the largest buyers of Asian countries, and has only imposed 50% tariffs on Indian purchases. Overall, oil prices are currently in a tug-of-war between policy games and supply and demand reality. Geopolitical risks and sanctions are expected to support oil prices, but concerns about actual supply return and surplus limit upside space. In the short term, oil prices are more likely to continue range fluctuations rather than unilateral breakthroughs.
Crude oil technical analysis: From the daily chart level, after the K-line has been closed continuously, it forms a narrow range bottom, oil prices repeatedly cross the moving average system, and the medium-term objective trend fluctuatespattern. Oil prices fell below the lower edge of the range on Monday, and there has not yet been a continuous and powerful downward trend. It is expected that the medium-term trend of crude oil will remain weak and volatile consolidation pattern. The short-term (1H) trend of crude oil maintained a downward low and hit a near 61.30. The moving average system suppressed oil prices, and the objective short-term trend direction remained unchanged. The MACD indicator crosses below the zero axis to form a golden cross that opens the mouth upward, and the short kinetic energy shows signs of weakening. Oil prices hit 61.30 to form a wave of small-level main and main alternation. It is expected that after the crude oil trend rebounds slightly during the day, it will be blocked from falling and running. Overall, in terms of today's operational ideas of crude oil, He Bosheng recommends that rebound high altitudes should be the main focus, and the retracement should be the low long as the auxiliary. The short-term focus should be on the 65.0-66.0 line resistance at the top, and the short-term focus should be on the 62.5-61.5 line support at the bottom.
Things you must know when facing losses:
1: Like to buy at the bottom/top. Whenever the market is at a historical low/high price, you will be happy and start to make arrangements as soon as you reach the low/high level. But unexpectedly, since a price has hit a historical low/high level, it is very likely that another new low/high will appear;
2: Unwilling to stop loss is often a kind of luck mentality , because sometimes it is found that the price will xn--xm-6d1dw86k.come back shortly after the stop loss, so I will hold this hope next time, but the consequences of not stop loss are more serious big losses or liquidation, which is absolutely not feasible in long-term investment. "Severe the loss and let the profit run" is indeed a famous saying;
3: Don't dare to follow the trend: Many friends are afraid of lows/high symptoms, and think that gold and crude oil have fallen, and then chase the short and get trapped. What should I do if I get stuck? In fact, there is no inevitable connection between the rise and fall and the price level. He Bosheng believes that the key lies in the "trend". Intervening after the upward trend is formed. This operation method is very safe, and it also makes huge profits in the short term. This kind of low or high may not only cause a missed profit, but also causes the bottom or top buying situation at the first point, which leads to losses.
He Bosheng's message: I don't know what kind of dream you have in the investment market, and I don't care how much you have paid for this dream or how much disappointment you have, but if you always have this dream, you can definitely realize it! The process of realizing your dream is very difficult and not easy. In the process of striving for your dream, you will suffer disappointments again and again, endure failures and endless pain. For those who have experienced hardships, please don’t give up your dreams. The painful time will always pass, and success will really happen to you. On the road to investment, the teacher is willing to be a bright lamp to guide you forward. No matter how many challenges I will xn--xm-6d1dw86k.complete with you. I am He Bosheng, a conscientious teacher. If you encounter problems on the road to investment, as long as you stretch out your hands and let me see, the teacher will do his best to help you turn the world.
This article was exclusively planned by gold crude oil analyst He Bosheng. Due to the delay in online push, the above content is personal suggestions. Because the online posting is timely and the suggestions in the article are for learning onlyYou can use your own risks in accordance with this. No matter whether the views and strategies of the article are consistent with everyone's opinions, you can xn--xm-6d1dw86k.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.
The above content is all about "[XM Foreign Exchange Market Review]: Analysis of the Today's Market Trend of Gold and Crude Oil and the Latest Exclusive Operational Suggestions and Guidance". It was carefully xn--xm-6d1dw86k.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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