Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
market news
7.17 Analysis of the latest market trend of gold rising and falling, and suggestions for long and short operations of crude oil today
Wonderful Introduction:
Only by setting off can you reach your ideals and destinations, only by working hard can you achieve brilliant success, and only by sowing can you gain. Only by pursuing can one taste a dignified person.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: Analysis of the latest market trend of gold rising and falling in 7.17, and suggestions for long and short operations of crude oil today." 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 eouu.cne 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!
Analysis of the latest trend of gold:
Analysis of gold news: On Thursday (July 17, Beijing time), spot gold trading was around $3,348.88 per ounce. The gold price rose sharply after reports that US President Trump planned to fire Federal Reserve Chairman Powell, but the rise in gold price narrowed after Trump denied it; gold price rose sharply after reporting that US President Trump planned to fire Federal Reserve Chairman Powell, but after Trump denied it, the rise in gold price narrowed. Trump said he did not intend to fire Powell but refused to rule out any possibility, citing an investigation into the overspending of the Fed's $2.5 billion renovation project. Israel launched a fierce air strike on Damascus, the Syrian Ministry of Defense was damaged, and the near the Presidential Palace was also attacked. The attack exacerbated geopolitical concerns and supported the buying of safe-haven gold.
Gold technical analysis: Yesterday, gold rose and fell again, closing with an upper shadow line, and then returned to the center againUnder the track, this way of moving is a typical oscillation, advance three times and retreat five times, slowly consuming the patience of market investors; after supporting 3247 in early July, it ushered in three consecutive positive rebounds, and then under pressure 3365 made a five-day fluctuation and slow decline. On July 9, it stabilized at 3282 and showed three consecutive positive rebounds. This week, suppressing 3375 again showed another oscillation suppression. The focus below is to test the lower trajectory of the convergence triangle. It has moved up to 3308 today. If you can stabilize this position, it is still possible to Easy to bottom out and pull up continues to fluctuate and continue to organize the convergence end. As the gap gradually shrinks, it is expected that you must be careful to break through at any time within two weeks of operation and usher in large unilateral fluctuations. In recent times, every time you approach the lower track of the convergence triangle, it is a good short-term bottom point, such as 3247, and 3282, basically every time you will bring about an increase of around 100 meters. This time, it will still try to touch it at the 3308-3310 line.
The golden hourly level still went through the oscillation cycle in the past few days yesterday. In the morning, the Asian session rose first, the European session consolidated sideways, and the US session suppressed; the gains and losses of the lower track position of 3322 in the next hour are more critical, and there is also a small channel lower track 3330 line; if it can stabilize 3332-30, it may lead to a bottoming up and break the intraday high point, but the resistance of the 3355 line is still not small. When it eouu.cnes to pressure, it will be seen that it will rise and fall, and continue to fluctuate within the range; Of course, if you can't stabilize 3332-30, then pay attention to the 3325-20 support below. If you dare to try to bullish at a low level when it hits 3310-08, it may be another good short-term low-level speculation; overall, today's short-term gold operation ideas, He Bosheng recommends that you focus on long pullbacks, rebounds as the supplement, and short-term focus on the 3365-3375 line resistance above, and short-term focus on the 3330-3320 line support below. (The strategy is timely, and more real-time layout strategies are announced within DingTalk students)
Analysis of the latest market trends of crude oil:
Crude oil news analysis: Oil prices rose slightly on Wednesday, as the market expects crude oil demand from the United States and Asian countries to remain stable, reflecting the improvement in the economic outlook of the two major crude oil consumers in the world. Brent crude oil futures rose 29 cents to $69 a barrel, up 0.42%; U.S. WTI crude oil futures rose 40 cents to $66.92 a barrel, up 0.6%. This reversed the decline in the previous two days. This round of rebound was also boosted by US API crude oil inventories data. According to market research, the latest data from the American Petroleum Association (API) showed that crude oil inventories unexpectedly fell by 3.6 million barrels in the week ended July 12, far better than the market's expectations of an increase of 1.5 million barrels, indicating that U.S. crude oil demand remains strong. The market had previously responded to the impact of the U.S. president on Russian oil taxation as the overall market remains focused on signs of recovery on the demand side. The unexpected decline in API inventory provides short-term momentum for oil prices, while peak season demand eouu.cnbined with the recovery of refining in Asian countries has further stabilized market confidence. Although the technical side shows signs of rebound, the tariff uncertainty remainsThe ammunition space may be suppressed. Pay close attention to changes in EIA's official inventory data and European and American consumption data to determine whether the rebound has a sustainable foundation.
Crude oil technical analysis: From the daily chart level, the medium-term trend fluctuates upward test around 78. The K-line closes to a large physical negative line, and has not yet destroyed the moving average system, and is still supported. The medium-term objective trend is unchanged. However, from the perspective of momentum, the MACD indicator crosses downward above the zero axis, indicating that the bulls' momentum is weakened, and it is expected that the medium-term trend of crude oil will fall into a high-level oscillation pattern. The short-term (1H) trend of crude oil fluctuates narrowly along the lower edge of the range, and the bulls and bears are in a stalemate, without obvious transformation. Oil prices repeatedly cross the moving average system, and the short-term objective trend is showing a volatile rhythm. In the early trading, oil prices were running at the lower edge of the range, paying attention to the support of oil prices by the lower edge of the range. It is expected that the crude oil trend in the day will form a rebound upward rhythm from the lower edge of the range. 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 high-altitude as the auxiliary. The short-term focus should be on the 68.5-69.0 line resistance at the top, and the short-term focus should be on the 65.0-64.0 line support at the bottom. (The strategy is time-sensitive, and more real-time layout strategies are announced within DingTalk students)
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 establish your own investment ideas so that you can go on for the long term, create brilliance together and 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 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 Market Review]: Analysis of the latest market trend of gold rising and falling in 7.17, Crude Oil's long and short operation suggestions today", which 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!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will extend the following issuesResearch and discussion:
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