Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- 【XM Market Analysis】--GBP/USD Forex Signal: Hammer Pattern Points to More Gains
- 【XM Decision Analysis】--Gold Analysis: Quick Rebound May Be Short-Lived
- 【XM Group】--USD/JPY Analysis: Trend Poised for Psychological Peak
- 【XM Forex】--AUD/USD Forecast: Aussie Dollar Battles Key Support
- 【XM Decision Analysis】--USD/MYR Analysis: Steadies After Volatility
market analysis
9.29 Analysis of the rise and fall trend of gold crude oil today and the latest exclusive operation suggestions on Monday
Wonderful Introduction:
A quiet path will always arouse a relaxed yearning in twists and turns; a huge wave, the thrilling sound can be even more stacked when the tide rises and falls; a story, only with regrets and sorrows can bring about a heart-wrenching desolation; a life, where the ups and downs show the stunning heroism.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Analysis of the Today's Market Trend of 9.29 Gold and Crude Oil and the latest exclusive operation suggestions on Monday". Hope it will be helpful to you! The original content is as follows:
Those who save yourself can save others. The hard thing is not that you make a profit every day, but how to solve it when you are in adversity. People's will will be shaken with the passage of time and the influence of objective things. You must seek internally in good times. Only those who know themselves can be wise and go to a higher point. When you are in adversity, you must seek internally. Only when you are strong can you defeat the enemy and win! All external roots xn--xm-6d1dw86k.come from our inner self! We cannot change the uncertainty of objective things, but only by following the laws of objective things from the beginning to the end can we go further! And the so-called law is actually a fait accompli in historical data! Human nature is difficult, so history will happen again! Just like spring, summer, autumn and winter, the four seasons are reincarnated, birth, old age, sickness and death, joy, anger, sorrow and happiness! The same is true for the market! Because the essence of the market is a game of human nature!
Gold market trend analysis:
Gold news analysis: Spot gold continued to rise on Friday (September 26), breaking through the recent fluctuation range of US$3720-3760. The latest personal consumption expenditure (PCE) inflation report previously released did not show a new upward surprise, and the dollar weakened, providing a boost to gold prices. Spot gold hit a high of $3783 intraday and consolidated around 3760, hovering below the all-time high of $3791 set earlier this week, and closed at around 3760.5. Driven by the resurgence of trade tensions and geopolitical risks, safe-haven demand has supported gold prices, and gold prices have risen for the sixth consecutive week. Strong consumer spending drove annualized GDP growth of 3.8% in the second quarter. The Atlanta Fed raises its third-quarter GDP growth forecast to 3.9% from 3.3%. Fed cut interest rates last week25 basis points, adjust the interest rate range to 4.00%-4.25%. The market is expected to cut interest rates twice this year, with the stock market rising, the US dollar weakening, and the yield on government bonds basically stable. The U.S. PCE data was released on Friday, and personal spending growth exceeded expectations. Spot gold rose sharply, approaching its historical high for a time, but it fell back in the late trading and finally closed up 0.28%. Next week we are ushering in a super week, with investors paying attention to large and small non-farm data, and there are also important speeches from Federal Reserve officials.
Gold technical analysis: Gold rose strongly last night, with 3755 backhanded in the US session, and gold rose the highest to hit the 3783 line, but it began to fall back in the second half of the night and did not break through the new high. So can gold bulls continue to hit record highs, continue to be crazy, or is it just a flash in the pan? Next week will be very important. Gold has broken through the recent consolidation range on the 4-hour chart, and the upward trend extends to the historical high of $3,791. And the 21st period simple moving average (SMA) further strengthened this support area around $3,750. If the gold price continues to fall below $3,750, the short-term trend will turn bearish and may return to the previous consolidation range, and the subsequent downward targets are looking at $3,720 and $3,700. On the upside, if the gold price clearly breaks through the resistance range of US$3780-3791, it will release new bullish momentum and may pave the way for gold prices to move towards a new price range. The gold hourly trend is temporarily maintained in a narrow range of oscillations, but after continuous oscillations, the short-term moving average will gradually diverge upward. If it cannot continue to rise for 1 hour, then gold may show a double top pattern in one hour. A series of heavy data will appear next week. There is a high probability that the golden week will still remain fluctuating at the beginning of the week. There is no special stimulation of the 3780 suppression and look at the decline first. Pay attention to the support of the 3720 area below. The rebound weakness can be mainly high-altitude first. Overall, in terms of gold's short-term operation ideas next week, 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 3783-3793 line resistance is focused on the 3740-3730 line support is focus on the 3740-3730 line support.
Crude oil market trend analysis:
Crude oil news analysis: On Friday, international oil prices closed slightly higher, Brent crude oil futures rose 0.2% to $69.57 per barrel, and US WTI crude oil futures rose 0.4% to $65.21. The two benchmark crude oil cumulative gains exceeded 4% this week, the largest weekly increase since mid-June. The recent upward trend in oil prices is supported by multiple factors: Ukraine's attack on Russian energy facilities has weakened Russia's refining capacity; Russia restricts fuel exports, Deputy Prime Minister Novak announced a partial ban on diesel exports until the end of the year, and extended the gasoline export ban; U.S. crude oil inventories unexpectedly fell, and supply tightening pushed prices up. The current rise in oil prices not only reflects supply concerns caused by geopolitical conflicts, but also benefits from fundamental support for the decline in U.S. stocks. However, strong U.S. economic data exceeded expectations, which made the Fed delay a rate cut, thus demandSuppression is expected. In the future, the trend of oil prices will still be gambled around the two core factors of "supply tight" and "monetary policy".
Crude oil technical analysis: From the daily chart level, crude oil has been closing positive continuously and runs upward from the bottom of the range. The medium-term objective trend of crude oil remains unchanged. The range amplitude is between 66.00 and 60.80. The MACD index fast and slow line is about to cross the zero axis, and the bulls' kinetic energy gradually warms up. It is expected that the medium-term trend of crude oil will remain fluctuating and consolidating within the range. The short-term (1H) trend of crude oil rose for three consecutive trading days, with the main, secondary and main alternating upward and hitting new highs. The moving average system is arranged long and the oil price has formed good support, and the short-term objective trend is on the rise. The MACD indicator has fallen near the zero axis, and the bulls' momentum remains the advantage. It is expected that the crude oil trend will continue to rise in the day. Overall, in terms of crude oil's operational ideas next week, He Bosheng recommends that the main focus should be on the low-sinking back, and the rebound should be high-altitude supplemented. The short-term focus should be on the 66.5-67.5 line resistance at the top, and the short-term focus should be on the 64.0-63.0 line support at the bottom.
What 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 I find 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, so what should I do if I chase it if I am trapped? 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: 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 has doubled in one year, lost half of them in one month, etc. 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 build your ownInvestment ideas enable you to go on for a long time, create brilliance together, and cooperate with 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 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 Decision Analysis]: Analysis of the Today's Market Trend of Gold and Crude Oil and the Latest Exclusive Operation Suggestions on Monday". 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!
Life in the present, don’t waste your current life in missing the past or looking forward to the future.
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here