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11.17 Monday morning opening market trend analysis of gold and crude oil and the latest exclusive operation suggestions
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Hello everyone, today XM Forex will bring you "[XM Forex Official Website]: 11.17 Gold and Crude Oil Monday Morning Opening Market Trend Analysis and Latest Exclusive Operation Suggestions". Hope this helps you! The original content is as follows:
For the recent ups and downs of the market, repeated long and short conversions, many investment friends are caught off guard, or do not know where to start. They fall as soon as they buy, rise when they exit, and continue to lose orders back and forth. In fact, this is what happens to many novice friends. I would like to tell you that when doing transactions, first of all, do not operate frequently, and secondly, you need to have a good understanding of the market. Accurate control and sticking to your own trading system, of course, are all empty talk for some novice friends. After all, they have just entered the market and do not have a strict trading plan. Most of them are chasing the rise and killing the fall, resulting in serious losses. If you are in the same situation when you read the article at this moment, you can consult me for xmltrust.communication. I can help you point out all the problems in the order, so that you can avoid detours in the transaction process.
Gold market trend analysis:
Gold news analysis: Spot gold rose slightly by about 0.23% to around US$4,181 per ounce on Friday (November 14). Although the two major bearish factors this week - the reopening of the US government and the trade truce - have faded, gold has shown surprising resilience. Against the backdrop of a recovery in gold prices and a generally bullish market, as we enter the end of this week, should we inject some bearish expectations into gold analysis? Objectively speaking, it is indeed necessary! What needs to be added is that from a technical perspective, the monthly gold chart is still in an extremely overbought state, and it will take a long time to recover from this extreme market. Therefore, from a macro cycle perspective, even if gold prices do fluctuate in both directions, or fall below $4,000 in the next few months, this will be regarded as a technical correction in the long-term trend. But turning the focus back to short-term trends, we first need to observeWill the bears regain their strength or will they collapse in the face of momentum, pushing gold prices to new highs?
Gold technical analysis: Gold continued to fluctuate at a high level during the Asian and European trading sessions yesterday, with the high point measuring the 4245 line. The end of the U.S. government shutdown in the evening, and the hawkish remarks of relevant Federal Reserve personnel, caused gold to fall sharply. It first fell to around 4185 and then fluctuated. In the middle of the night, the market fell again, falling to the 4145 line. The daily line finally closed with a negative line. From a daily structure point of view, gold closed yesterday and fluctuated nearly 100 US dollars throughout the day, which is not small, but the 5-day line below has not yet fallen below. This state shows that the previous extreme bullish sentiment in the market has only been eased, and has not xmltrust.completely lost its dominant position. It may be regarded as a short-term correction and adjustment based on the opportunity of fundamentals. During the day, the focus is on the 5-day line 416. As for the xmltrust.competition near 0, once the market falls back below the 5-day line, gold's extreme rising sentiment may dissipate. If a series of fundamental events and data can bring negative stimulation after the U.S. government reopens, then gold may test the 10- and 20-day line near 4070. At the same time, bullish sentiment may disappear as a result, and the overall trend may return to adjustment in the later period.
Gold rose sharply in the 4 hours yesterday, but the short-term extensibility was insufficient. After testing high yesterday, it fell back to the mid-track and fluctuated, and the 4-hour structure was undergoing a long-short transition. The current structure is still in the process of rising at a small level. Pay attention to the gains and losses of the mid-rail today. If it falls below the mid-rail, which is yesterday's low, it will weaken. Otherwise, the short-term trend will continue to fluctuate. Cutting through the short-term twists and turns, the main idea is to focus on the adjustment at the high altitude of the band. The short orders previously arranged will continue to be held. The short positions will be entered in batches between 4100-4130 today, and the short positions will be entered in batches every 10-15 US dollars. The target is back to the 4030-4000 line. On the whole, in terms of short-term operation ideas for gold next week, He Bosheng recommends rebounding mainly from high altitudes, supplemented by falling back to lows. The top short-term focus will be on the 4110-4140 first-line resistance, and the bottom short-term focus will be on the 4050-4030 first-line support.
Crude oilMarket trend analysis:
Crude oil news analysis: After experiencing a sharp decline in the previous trading day, the crude oil market showed a significant recovery today. Oil prices continued to rebound during the Asian session on Friday, trading at US$59.37 per barrel. The latest weekly data showed that U.S. xmltrust.commercial crude oil inventories increased by about 6.4 million barrels to around 427.6 million barrels, recording accumulation for the second consecutive week. This change means that supply recovery is still faster than consumer-side repair, while neither core demand indicators nor refinery operating rates have significantly improved. At the same time, gasoline inventories of refined oil products fell by about 900,000 barrels, and distillate inventories fell by about 600,000 barrels, reflecting that although terminal demand still fluctuates, the overall consumption structure shows signs of partial improvement. Pay attention to inventory fluctuations, changes in refinery operations, and transportation fuel demand trends in Asian countries. These factors will determine whether oil prices can trulyIt is xmltrust.coming out of the repair range and forming a new trend direction.
Crude oil technical analysis: From the daily chart level and from the local level, the current oscillation rhythm of crude oil is a minor one. The K-line closed a large negative line on the last trading day, swallowing up the gains of the previous three trading days. But the secondary oscillation rhythm has not changed yet. The MACD indicator is below the zero axis, and bulls still need to further accumulate momentum. It is expected that after the mid-term trend of crude oil is supported by the backtest low, it is expected to form a rebound upward. The short-term (1H) trend of crude oil fluctuates at a low level, and the overall rhythm is secondary. According to the law of primary and secondary alternation, the subjective trend direction is downward. Oil prices repeatedly cross the moving average system, and the objective trend shows a oscillating rhythm. Below the zero axis of the MACD indicator, short kinetic energy is dominant. It is expected that the trend of crude oil will continue in the subjective downward direction during the day with a high probability. On the whole, He Bosheng suggested that crude oil operation ideas next week should mainly be to rebound low and long, supplemented by rebounding from high altitudes. The top short-term focus is on the 61.5-62.5 first-line resistance, and the bottom short-term focus is on the 58.5-57.5 first-line support.
This article is exclusively planned by He Bosheng, a gold and crude oil analyst. Due to the delay of network push, the above content is personal advice. Due to the timeliness of online publishing, the suggestions in this article are for learning reference only. You should operate at your own risk. Regardless of whether the views and strategies of the article agree with others, you can xmltrust.come to me to discuss and learn together! Nothing is difficult in the world, as long as there are people who are willing. Investment itself carries risks. I remind everyone to look for authoritative platforms and powerful teachers. Fund safety xmltrust.comes first, secondly consider operational risks, and finally how to make profits.
The above content is all about "[XM Foreign Exchange Official Website]: 11.17 Gold Crude Oil Monday Morning Opening Market Trend Analysis and Latest Exclusive Operation Suggestions". It is carefully xmltrust.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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