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7.23 Analysis of the rise and fall trend of gold and crude oil today and the latest exclusive operational suggestions and guidance
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Analysis of the up and down trends of 7.23 Gold and crude oil today 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 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.
The latest gold market trend analysis:
Gold news analysis: On Tuesday (July 22), spot gold continued its strength since Monday, with momentum piercing the 3400/ounce psychological barrier during the session, and the market heat surged. On Monday (July 21), gold showed momentum and strong intraday pierced the 3400/ounce psychological barrier. Although gold prices rise due to conflict in the short term, the long-term impact depends on the evolution of conflict. If the conflict eases, demand for safe-havenness may weaken and gold prices may face pressure to pull back. However, if the conflict escalates or triggers a wider turmoil in the Middle East, gold prices may rise further, even exceeding $4,000 per ounce (especially in extreme cases where the situation in the Middle East is intensifying).
Gold technical analysis: At the current market, the market first rose slightly in the morning, but it still suppressed the resistance of 3401 overnight. After the surge and fall, some corrections were launched; and in the morning, it prompted that the retracement was close to the middle track 3386. and the derivative support points 3382-83 corresponding to the trend line 3365-3377 have support performance, so you can continue to try to be bullish; at present, although the middle track has been lost, the support of 3382-83 is temporarily stable. When you break through tonight and stand on the middle track, you will continue to exert force upward and hit above 3400 again. When going up, you should test 3420, 3430, etc.; since the overall European session is sideways and is not strong, the US session may also have to suppress a wave, but it is not recommended to go to the current 3390 position to see the decline, because the support on the 3380 is still there and the space is not large; once it cannot be suppressed before 22 o'clock, then after sorting out, you will also go up directly by changing the time to space; from the perspective of the channel, you can also see that the lower track of the yellow channel and the purple trend line just resonantly support at the 3382-83 line. The gains and losses here will be relatively important, which determines whether to pull up tonight or to fluctuate and pull up. Overall, in terms of today's short-term gold operation ideas, 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 3445-3455 line resistance above, and the short-term focus on the 3415-3405 line support below.
Analysis of the latest trend of crude oil:
Analysis of crude oil news: During the US session on Tuesday, international oil prices rose slightly. Brent crude oil futures fell 0.35% to $68.78 a barrel; U.S. WTI crude oil also fell 0.59% to $65.55 a barrel. The WTI August contract is about to expire, and the more active September contract also fell 0.35% to $65.72. The oil market has lacked a clear direction recently. Since the temporary ceasefire between Asian countries and Middle East countries on June 24, the risk of supply disruption in the Middle East has declined, and the market focus has turned to uncertainty in the global economic outlook, especially trade frictions between Europe and the United States. At present, the crude oil market is playing against multiple uncertain factors. Although the temporary stability of the situation in the Middle East has eased supply concerns, factors such as European and American trade frictions, OPEC production increase, global economic slowdown expectations, and the trend of the US dollar are still continuing to affect market sentiment. Against this background, oil prices may maintain a fluctuating trend in the short term. Pay close attention to the policy trend before the tariff deadline on August 1 and the supply data of major oil-producing countries to judge future trends.
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 is dead crossing 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 hit a new low, but the downward range and strength are limited. Oil prices repeatedly crossed the moving average system, and the short-term objective trend direction fluctuated the rhythm. MACThe D indicator crosses below the zero axis, and the downward strength is insufficient. It is expected that crude oil will remain mainly oscillating during the day. 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 67.5-68.5 line resistance at the top in the short term, and the short-term focus should be on the 63.5-62.5 line support at the bottom.
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 up and down trends of gold and crude oil today and the latest exclusive operation suggestions and guidance". 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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