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5.22 Gold surges and crude oil plummet latest market trend analysis and today's exclusive operation suggestions
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: Analysis of the latest market trends of gold soaring. Crude oil plummeted and exclusive operation suggestions today." Hope it will be helpful to you! The original content is as follows:
The trend is reversed. Either change your mind and follow, or leave the market and wait and see. You cannot set a new high again. When the market hits a new high, you will be empty immediately. Pull it up again and again, empty all the way, empty all the way, empty the road, which is a bit of a blockage. People who really make money may not be the ones who take the most moves. The longer they stay in the blockage, the higher the frequency of betting, the greater the probability of losing. The same is true for trading. You want to do both ups and downs. It seems that you have less fatigue, but you often walk by the beach. There is no reason not to wet your shoes. He Bosheng’s suggestion is to see it right and minimize hypothetical transactions. Because trading is not a piece-based job, there is no necessary correlation between profit and transaction times. A small number of times does not necessarily mean that you make less money. While leaving profits to others, you also leave risks to others. This is the core of transactions!
Analysis of the latest gold market trend:
Analysis of gold news: During the US session on Wednesday (May 21), international gold prices continued the strong rise on Tuesday. The spot gold price once hit a key point of $3,320/ounce during the session, the highest since May 9. Washington is staging a thrilling fiscal game. The Trump administration is pushing for a zeizao.cnprehensive tax cut bill involving trillions of dollars, but serious differences have emerged within the Republican Party. The current gold price has initially exceeded the key psychological threshold of $3,300, and the technical side shows a "golden cross" bullish pattern, but it should be wary of that if the US Congress accidentally passes the fiscal bill, it may trigger short-term profit-taking. In the medium and long term, gold still has strategic allocation value against the backdrop of rising global geopolitical risks and shifting monetary policy, and many investment banks have raised their year-end target price to above US$3,500.
Gold technical analysis: from the technologyFrom a level perspective, gold has performed strongly recently. Spot gold closed at $3,289.54 per ounce on Tuesday, and broke through $3,300 in the early trading of the Asian market on Wednesday, setting a new high of $3,304.06. Gold prices need to break through the key resistance level of $3,370 in the short term to open upward space, while $3,150 below has formed solid support. If geopolitical or economic data adds variables, gold prices may even challenge the $3,400 mark. Since there is a break and upward trend, the trading idea on Wednesday is clear. The 3253, the previous suppression level conversion, can continue to intervene in long positions and bullish after the decline.
The current market of gold at 4 hours has emerged from a strong pattern. The Bollinger band opens upward, the moving average golden cross diverges upward, the MACD golden cross floats upward, and the red column continues to increase in volume, indicating that gold will continue to rise in the short term, so it remains bullish during the day. However, the current K-line has run above the upper track, which is not conducive to gold continuing to rise. Therefore, it is time to fall back to the key support level in operation. Currently, short-term long support is at 3273. Pay attention to the previous top-bottom conversion level of 3265-3252 below. Today, the two support does not break and continue to be long. Look at 3325 above, and the break of 3347 is expected to rise to the 3400 line.
Now in the hourly market, from the low of 3120 to the low of last Friday 3155 and this week 3206 can form an upward trend line. Currently, gold prices have broken through the 3300 mark and fell back. We broke through the next day and realized our goal of 3288; in the morning, we directly chased the long position and reached the target of 3315. At the opening of the European session, gold prices continued to rise and broke through the high of 3315 in the morning session, with a pullback at 3320. Although the gold price is rising, its strength is not as strong as last night's unilateral pullback, and there are signs of one rise and three pullbacks. We need to be wary of the long-short conversion signal. Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that the pullback should be long and the rebound should be short. The short-term focus on the upper short-term focus should be on the 3330-3340 line resistance, and the short-term focus should be on the 3295-3285 line support.
The latest trend analysis of crude oil market:
Crude oil news analysis: Israel may be preparing for a raid on Iran's nuclear target, although it has not yet decided whether to take action. This geopolitical news quickly triggered a market risk aversion reaction, with Brent crude oil breaking through $66, and WTI crude oil gaining as much as 3.5%. This incident once again hits the outside world's expectations for the restart of the nuclear agreement between Iran and the United States. If the conflict escalates, it will not only block Iran's crude oil export channels, but also pose a serious threat to the stability of the entire Middle East. The Middle East still bears about one-third of the world's crude oil supply, and its instability is considered one of the core variables in crude oil prices. The short-term rise in U.S. crude oil has been affected by intensifying tensions in the Middle East, and has also been strengthened by the decline in API inventory. Although the technical structure is conducive to the continuation of bulls, the market still relies heavily on the direction of geopolitical news evolution. In the future, if the situation in Iran further escalates, oil prices may be difficult to pull back. Otherwise, if nuclear talks are restarted and supplyIf the landing should be increased, the upward space for oil prices will be limited. In the short term, WTI and Brent Oil may maintain a high volatility operation pattern.
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 fluctuated upward, setting a new high. The moving average system is arranged long, and the short-term objective trend direction is upward. In the morning, the MACD indicator opened its mouth above the zero axis, and the bulls performed sufficient momentum. It is expected that the crude oil trend will continue to rise in the day. 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 60.5-60.0 line support at the bottom.
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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 zeizao.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 Forex Official Website]: Analysis of the latest market trends of gold soaring and crude oil plummeting and today's exclusive operation suggestions". It was carefully zeizao.cnpiled 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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