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4.30 Analysis of the evening market trend of gold and crude oil and the latest long and short operation suggestions for European and American markets
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Hello everyone, today XM Foreign Exchange will bring you "[XM Group]: Analysis of the evening market up and down trend of gold and crude oil and the latest long and short operation suggestions layout of European and American markets". Hope it will be helpful to you! The original content is as follows:
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Analysis of the latest gold market trends:
Analysis of gold news: At the end of the Asian market on Tuesday (April 30), the US dollar index continued to rebound and is currently hovering around 105.90. At the same time, the US dollar/JPY also maintained an upward trend, trading around the 156.80 level. However, the spot gold market experienced a short-term sharp decline. The gold price just fell below the key support level of $2,320 per ounce, and has accumulated a total of $16 during the day. This trading day, the market will closely monitor a series of important U.S. economic data, including the Consultative Chamber of www.xmserving.commerce Consumer Confidence Index. The release of these data is expected to trigger new volatility in the market and provide investors with new trading opportunities.
In addition, the market focus is gradually shiftingThe upcoming Fed policy meeting and U.S. non-farm employment data to be released this week. Investors hope to use these events to find clues to the Fed's future interest rate path. Especially after the March consumer inflation data released earlier this month was higher than expected, market expectations for the Fed's rate cuts were lower. Currently, the market is concerned that the Fed chairman may send hawkish signals, which may put further pressure on the gold market. Against this background, gold prices face major downside risks in the short term.
Gold technical analysis: The daily gold line continues to be cross-star K-line consolidated and closes, with a minimum of 2320 and a maximum of 2346. www.xmserving.compared with the previous fluctuation base, the space has converged and failed to get out of the strong one-sided side. The short-term strength and weakness continue uncertain. The continuous cross-star K-line consolidation of the daily line accumulates momentum, waiting for the physical K-line to be broken. This range of fluctuations is difficult to say, and it is easy to say. The key is to block the operation at high and low points, which tests patience. In a volatile market, you cannot chase the rise and fall, and keep high and low. The 4-hour gold chart basically maintains contraction and oscillation between the upper and lower rails of the Bollinger Trail, touching the upper rail to bear pressure, and the lower rail slightly supports and rebounds, and the tug-of-warp is shampooed. In the volatile market, the Bollinger's indicator is a good reference entry point. The upper track is empty and the lower track is long, and it will not be established without breaking. In the short term, it will basically remain in the range of 2320-2350 and fluctuate back and forth, and the www.xmserving.competition between bulls and bears is fierce. Today is the last day of April. It depends on whether the monthly line can make the direction clear. In terms of operation, it must first maintain the bullish idea of pulling back. After all, it is in a volatile upward trend. If you fall back, focus on the support near 2320. This position is the support point of the upward trend channel; pay attention to the pressure near 2345 above, and then the key point of 2354. Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that rebound short sellers should be the main focus, and pullbacks should be the auxiliary focus. The short-term focus above focuses on the resistance of 2335-2340 on the first line, and the short-term focus below focuses on the support of 2310-2305 on the first line.
The latest trend analysis of crude oil:
Crude oil news analysis: During the late trading of the Asian market on Tuesday (April 30), U.S. crude oil fluctuated narrowly, and currently trading around US$82.35 per barrel. The market is also focusing on the Federal Reserve/May 1 monetary policy decision, which may provide more clues about the direction of interest rate decisions. As inflation and labor markets remain resilient, investors are cautiously digesting the possibility that the Fed may raise interest rates by 25 basis points this year or next. This provides support to the US dollar in the medium and long term. The stronger dollar makes oil more expensive for investors using other currencies. In addition, the oil market is still waiting for the US monthly non-farm employment report to be released on Friday, and the Federal Reserve is closely following the newspaper. The initial inflation figures for Spain and Germany were mixed, but it seems unlikely to undermine the ECB's plan to cut interest rates in June. Broader euro zone inflation data will be released on Tuesday. The first quarter GDP data of the euro zone will also be released on Tuesday afternoon, and the API crude oil inventory series data will also be released on Wednesday morning Beijing time, and investors need to pay attention.
Crude oil technical analysis: Crude oil rebounded last week's small positive lineClose higher, hold the low point of 80.60 to consolidate and correct, and the continuous star K-line of the daily line is consolidated, and there is no continuous strength and weakness for the time being. The K-line pattern is a volatile style that is in line with the yin and yang exchange. There is no strong unilateral trend yet, and the oscillation correction is accumulating momentum. Through the analysis of the 4-hour chart of crude oil, we learned that yesterday's market rebounded to the pressure level of the No. 2 moving average above surged and fell, and will now reach the support of No. 1 moving average below again. We can clearly see from the attached figure below that the main shorts have fled in large quantities, and the main longs have continued to increase their positions slightly. At present, the overall moving average system shows concentrated signs, indicating that the possibility of oscillation is relatively high. Above, we will continue to focus on the suppression of No. 2 moving average, and once the large volume breaks through, it will accelerate the rise. In the short term, we will continue to operate at a high altitude and low long ideas, focusing on long at lows. 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 84.0-84.5 line resistance at the top, and the short-term focus should be on the 81.5-81.0 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 www.xmserving.come to me to discuss and learn! There is nothing difficult in the world, I am afraid of those who are determined. 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 Group】: Analysis of the evening market up and down trend of gold and crude oil and the latest long and short operation suggestions layout of European and American markets". It was carefully www.xmserving.compiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
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