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5.20 Analysis of the latest price trends of gold and crude oil and today's exclusive operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Analysis of the latest market price rise and fall trends of 5.20 gold and crude oil and exclusive operating suggestions today". 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 eouu.cne 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 trend of gold:
Analysis of gold news: On Monday (May 19), spot gold soared over US$40 in the early trading of the Asian market. As of 07:55, it hit a high of US$3245.15 per ounce, up about 1.4% from the closing price last Friday. Moody's suddenly removed the last AAA rating of the United States. Israel launched a large-scale ground war in Gaza. The Russian-Ukrainian negotiations broke down and Russia launched the largest air strike since 2022. Iran made a tough statement that "never stop uranium enrichment", and the market's risk aversion sentiment was eouu.cnpletely boiling. In addition, the risks of global trade wars have heated up again. This uncertainty will further weaken the credit of the dollar and gold will become the best alternative currency. This week's economic data is light, and only a few can affect the market. Investors need to continue to pay attention to international tradeInformation about the situation and geopolitical situation.
Gold technical analysis: Gold last week's weekly line closed with the lower long shadow line of the middle Yin line, opened high today's opening, returning to the rise and fall of 3252 last Friday, fell back again, short-term entering repeated oscillations and tug-of-war, and the 3200 integer mark lost and regained. The daily line just stood firm and the 60-day moving average rose. The previous weakness has now turned into a strong position, just causing it to close. So, on this basis, it is expected to rise in the strong position or stand firmly above the Bollinger middle track this week. Therefore, the bullish foundation is obvious. You can see above to 3280. When the breaking position is made, the gap will continue to rise to 3350, 3400.
The 4-hour gold bottomed out and rebounded, regaining its lost ground last Friday. It opened high today, approaching the starting point of last Friday, and coincided with the Bollinger upper track. At present, you can see that there is a clear bottoming signal below, and there is still a lot of room for upward, but gold will be difficult to rise unilaterally without breaking through 3280. Therefore, although it is bullish this week, it is viewed in two stages. Below 3280, it is a unilaterally rising, and above 3280, it is a unilaterally rising. Therefore, when trading, you should pay attention to the difference between short-term and medium-term. In terms of short-term operations, if you open high in the morning, you can start short and short near the upper track in the 4-hour period, and support below is 3215-3210. If you fall back to these two points, then consider going long. Pay attention to the break of 3252 above and then look at the high point of 3265 and 3280. Overall, in terms of gold's short-term operation ideas today, He Bosheng recommends that the main focus is on retracement and low-long, rebound high-altitude as the auxiliary. The short-term focus on the 3250-3260 line of resistance above, and the short-term focus on the 3115-3105 line of support below.
The latest market trend analysis of crude oil:
Gold news analysis: During the Asian session on Monday, Brent fell slightly by $0.05 to $65.15 per barrel; WTI crude oil was at $61.76, and the more active July contract fell by $0.04 to $61.93. Both benchmark oil prices recorded weekly gains of more than 1% last week, mainly boosted by easing global trade sentiment. The market will closely monitor the upcoming data on industrial added value, fixed asset investment and retail sales in Asian powers. ANZ Bank pointed out in its report that weaker data from major Asian countries could weaken optimism caused by the tariff suspension and thus suppress oil prices. The prospects for the nuclear deal between Iran and the United States are still confusing. U.S. special envoy Witkov said on Sunday that any agreement must include clauses for Iran to stop enriching uranium, which was immediately refuted by Tehran.
Crude oil technical analysis: From the daily chart level, the medium-term trend moving average system suppresses the rebound of oil prices, and the medium-term objective trend direction is downward. After the oil price hits the low point of 55.20, the frequent alternation of bulls and bears formed. From the perspective of the pattern, the prototype of the falling flag-shaped relay appears. Pay attention to the strength of the oil price testing the upper edge of the flag. It is expected that after the medium-term trend fluctuates, it will still fall to the 50 position. The short-term (1H) trend of crude oil maintains a weak upward rhythm. K-line closes long lower shadow line, indicating that buyers' bull momentum performance is strong. The moving average system is gradually arranged long, and relying on oil prices, the short-term objective trend direction turns upward. It is expected that the crude oil trend will continue to rise during the day, touching around 63. 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 63.0-63.5 line resistance at the top, and the short-term focus should be on the 61.0-60.5 line support at the bottom.
He Bosheng's message: The trading market will not sympathize with the weak, nor will it believe in tears. The only thing that can help you is to find your own trading system and profit system. The most unbelievable thing is your eyes. What you see is the basic and deepest routine. The trends seen by the whole world must be the beginning of the end. The 28th law of the market is eternal. Most traders are actually instinctively pursuing a sense of security and certainty. People are afraid of uncertainty, so they hope that they can see the truth but the reality is that certainty will never appear, and uncertainty is the only truth. Only change remains unchanged. Only when you accept uncertainty and sense of security will arise naturally. Admit it, we will never predict the future. This world is nonlinear and cannot be accurately measured! So, stop wasting your energy on chasing God and creating God! Only by being tolerant, understanding, learning and then cooperating with position, mentality, risk control and technology can you be proud of yourself.
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 eouu.cne 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 Platform]: Analysis of the latest price trends of gold and crude oil in 5.20 and exclusive operation suggestions today". It was carefully eouu.cnpiled 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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