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The monthly line is in full swing, and gold and silver are under pressure
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: The monthly line is sunny, and gold and silver are overbought, and pressure is xn--xm-6d1dw86k.coming." Hope it will be helpful to you! The original content is as follows:
Today is the National Day of the National Day. First of all, I wish all investors a happy holiday!
Yesterday, the gold market xn--xm-6d1dw86k.completed its final structure in September. At the beginning of the month, the market opened at 3449.3 and then slightly fell back to the position of 3435.5. After the market fluctuated strongly. After breaking through multiple integer marks in the month, the market reached the highest point of the historical high of 3872 at the end of the market. After the monthly line finally closed at 3858.4, the monthly line closed with a saturated large positive line with a slightly shadow line. The main reason for this monthly line with a monthly increase of more than US$400 is The Fed has only started a new round of interest rate cut cycles in the context of poor US data, which has led to a strong trend pull-up pattern caused by the xn--xm-6d1dw86k.common factors that have increased risk aversion in the market and the intensified conflict between the Middle East and Russia and Ukraine. Although this big positive line has the ability to continuously pull up in technology, too fast pull-up in the short term has also led to a technical divergence pattern. If the market does not adjust and directly pull up, it is easy to cause a profit-taking process after encountering obstacles. Therefore, the mainstream trend is bullish, and short-band orders in short positions in October are the mainstream idea in October.
Yesterday, the gold market opened at the early trading position of 3834.7 and then the market fell back to the 3824.9 position. The market began to rise. The daily line reached the highest point of 3872 and then the market saw a profit-taking decline during the trading session. The daily line was at the lowest point of 3792.3.After the market is set, the market xn--xm-6d1dw86k.completed a V-shaped reversal due to the xn--xm-6d1dw86k.combined effect of the 5-day moving average and the positive factors of fundamentals at the daily level. The daily line finally closed at the 3858.4 position, and the daily line closed in a hammer head with a very long lower shadow line. After this pattern ended, today's market has a certain technical demand for bullishness. At the point, the long 3325 and 3322 below and the long 3377 and 3385 long and 3563 last week, and the stop loss followed up at 3650. Today, the decline first gave 3832 long stop loss 3826, the target was 3862 and 3872, and if the break was broken, it looked around 3885 and 3893 and 3902 and 3910.
The silver market opened at 46.93 yesterday and then fell first. The market fluctuated and rose. The daily line hit the high of 47.172 and then fell strongly. The daily line was at the lowest point of 45.782 and then rose strongly at the end of the trading session. After the daily line finally closed at 46.63, the daily line closed in a hammer head pattern with an extremely long lower shadow line. After this pattern ended, there was a demand for bullishness today. At the point, the long position of 37.8 and the long position of 38.8 below and the stop loss followed up at 42. Last Friday, the stop loss was followed by 44.8 after reducing the position for long positions at 44.6. Today, the target of 47.1 was first to pull up, and the short stop loss was 47.3. The target below was 46.4, 46.1 and 45.9.
The European and American markets xn--xm-6d1dw86k.completed the final structure of September yesterday. The market opened at the beginning of the month at 1.16932 and then the market fell first. The monthly line was at the lowest point of 1.16059 and then the market fluctuated strongly. The monthly line hit the highest point of 1.19188 and then fell strongly. After the monthly line finally closed at 1.17328, the monthly line closed in a shooting star with an extremely long upper shadow line. After this pattern ended, 1.17600 short stop loss was 1.17750, and the target was 1.17300 and 1.17100 and 1.17000.
The US crude oil market opened at 63.33 yesterday and then rose first. The market fluctuated and fell strongly. The daily line was at the lowest point of 62.22 and then consolidated. The daily line finally closed at 62.6. Then the daily line closed with a very long lower shadow line. After this pattern ended, today's short stop loss of 63.6, 62.2, and 62.2. The target below the 63.2 fell below the 61.8 support xn--xm-6d1dw86k.competition. If the space below breaks, open the space below 61 and 60.5.
The Nasdaq market opened at 24594.65 yesterday and the market fell first. The daily line was at the lowest point of 24496.25, and then the market rose strongly at the end of the trading session. The daily line reached the highest point of 24689.99 and then the market consolidated. The daily line finally closed at 24615.24. Then the daily line closed with a fertile cross-star pattern with a lower shadow line slightly longer than the upper shadow line. After this pattern ended, 24700 short stop loss 24760 today, and the target below is 24600 and 24500 and 24450.
The fundamentals, yesterday's fundamentals aimed at avoiding the US government's closing of the Democratic appropriation bill not passed in the Senate. The U.S. president said a government shutdown can bring many benefits, and if it shuts down, many federal employees may be fired. The U.S. Congressional Budget Office predicts that 750,000 employees may be forced to take leave every day during the government shutdown. The U.S. Department of Labor stressed that if the government shuts down, it will suspend the issuance of weekly unemployment benefits application reports, and the U.S. Securities and Exchange xn--xm-6d1dw86k.commission notified employees to prepare for emergency responses for possible shutdowns at midnight. The US Consultative Chamber of xn--xm-6d1dw86k.commerce Consumer Confidence Index in September was 94.2, with an expected 96, and the previous value was 97.4. In August, the US JOLTs job vacancy was 7.227 million, with an expected number of 7.185 million, and the previous value was revised from 7.181 million to 7.208 million. Therefore, yesterday's wide fluctuations in the gold and silver market were still rising under the final risk aversion. Today's fundamentals will enter the key of this week, mainly looking at the initial annual CPI rate of the euro zone in September at 17:00, and the previous value of 2%. The US trading session is 20:15, and the number of people employed in the US in September is expected to be 50,000 in this round, xn--xm-6d1dw86k.compared with the previous value of 54,000. Then look at the final value of the US S&P Global Manufacturing PMI in September at 21:45. Look later on the US ISM Manufacturing PMI at 22:00 and the US-to-September 22:30 EIA crude oil inventories for the week of September 26 and the US-to-September 26 EIA crude oil inventories for the week of September 26 and the US-to-September 26 EIA strategic oil reserve inventories for the week of September 26.
In terms of operation, gold: the longs of 3325 and 3322 below and the longs of 3368-3370 last week, and the longs of 3377 and 3385 and 3563 were reduced. After the stop loss was followed at 3650. Today, the decline first gave 3832 longs of 3826, the target was 3862 and 3872, and if the break was 3885 and 3893 and 3902 and 3910.
Silver: The long position of 37.8 and the long position of 38.8 below will be reduced and the stop loss will follow up at 42. Last Friday, the stop loss was followed by 44.8 after reducing the position for long positions at 44.6. Today, the target of 47.1 was first to pull up, and the short stop loss was 47.3. The target below was 46.4, 46.1 and 45.9.
Europe and the United States: 1.17600 short stop loss 1.17750, target 1.173001.17100 and 1.17000.
U.S. crude oil: Today's 63.2 short stop loss 63.6, look at 62.6 and 62.2, and fall below the 61.8 support xn--xm-6d1dw86k.competition. If the space below breaks, open it to 61 and 60.5.
Nasdaq: Today's 24700 short stop loss 24760, look at 24600 and 24500 and 24450.
The above content is all about "[XM Foreign Exchange Official Website]: The monthly line is big and sunny, and gold and silver are overbought, and it is under pressure". It is 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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