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8.26 Analysis of the latest market trends of gold and crude oil fluctuating and today's exclusive operation suggestions and guidance
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Hello everyone, today XM Foreign Exchange will bring you "【XM Group】: Analysis of the latest market trends of 8.26 gold crude oil fluctuating upward trends and exclusive operating suggestions and guidance today". Hope it will be helpful to you! The original content is as follows:
Doing investment is like fighting a battle. You must set a strategy before the battle begins. Not only do you need to expand your advantage when you have an advantage on the battlefield and pursue your victory, but you also need to formulate what to do if you lose, how to preserve your strength and then decide on your plan and fight again after you retreat. Whether it is war or investment, not every fight against the enemy can win. There are only a few battles in history. It is like the original trend in the investment market that has already shown the opposite signal and still seeking to follow your own wishes. Once you have such a mentality, you must pay attention that if you don’t change this problem, you will be overwhelmed by the investment market. Predict in advance, take the lead, seize the initiative, follow the trend with light positions, strictly control the risk, grasp it easily, and invest happily.
Analysis of the latest gold market trend:
Analysis of gold news: During the US market on Monday, gold rose slightly, and trading is currently around US$3,373. But just last Friday, the gold price staged a wonderful counterattack, with a surge of 1% in a single day, and even reached a two-week high of $3,378 in one fell swoop, and finally closed at $3,371. The key driver of this strong rebound was the heavy speech of Federal Reserve Chairman Powell at the Jackson Hall Central Bank annual meeting. Powell's statement this time was a "timely rain", which not only effectively alleviated the market's concerns about inflation, but also ignited investors' strong expectations for a rate cut in September. Affected by this, the US dollar exchange rate fell sharply, and the gold market was instantly surrounded by bullish sentiment. It is generally believed in the industry that this dovish speech has become a key turning point in the gold market, which not only drives the rebound of gold prices, but also drives the weakening of the US dollar and the adjustment of the bond market, creating an excellent macro environment for precious metals.
Of course, we still need to remain vigilant in the short term. Frequently, factors such as Trump's possible interference in the Fed's decision-making may bring variables. But it is undeniable that as the expectations of interest rate cuts continue to strengthen, the investment value of gold is increasing significantly. The market will usher in a number of important data this week: several Fed officials, including New York Fed Chairman Williams, will speak. U.S. durable goods orders in July, consumer confidence index in August, second-quarter GDP correction, initial unemployment claims for the week, and July PCE data are all worth paying attention.
Gold technical analysis: Gold continues to be bullish trend this week, and the overall bullish pattern remains unchanged. As long as the support of 3350 below does not break, gold prices still have room for upward, and the target is to the 3380-3400 area. If it accidentally falls below 3350, it may return to the volatility range. The current market focus is entirely on the Federal Reserve's expectation of a rate cut in September. Although there are still variables in the specific rate cut, a rate cut is a foregone conclusion. There is a key logic here: the greater the rate cut, the greater the pressure on capital outflow in the US banking system, and the more prominent the risk aversion attributes of gold. In this clear market environment, gold prices will inevitably continue to be pushed up. What is certain is that the bullish trend of gold will not change until the interest rate cut policy is implemented. So our focus this week is not to judge the direction, but to closely observe the sustainability of the market rise.
From a technical point of view, gold showed a breakthrough rise at the end of last week, stimulated by Powell's speech, and the daily line closed higher, and is currently firmly standing above the Bollinger's middle track. According to the conventional trend, this wave of bulls is expected to hit the Bollinger's upper high point of 3400, and the space above is still considerable. However, the current gold price has fallen slightly from a high level and has not formed an absolutely strong one-sided market. Therefore, even if the direction of this week is clearly bullish, it is not advisable to blindly chase highs. You must be vigilant about possible strong retracement, and even fall into a volatile pattern again.
In terms of operations, we need to adhere to the principle of bullish trends this week, focusing on the continuity and adjustment strength of bulls. The key support for the small cycle is around 3350. If you can hold this position within the week, the bulls still have room for upward. Let’s see if 3378 can break through, and then challenge the high point of 3400. However, if 3350 falls, gold may turn into a fluctuation. It is not advisable to be too bullish at this time, and the lower part may fall back to the 3320 low point. In today's gold operation ideas, He Bosheng recommends going long above 3350, and above it suggests being short around 3380. If you go downhill below 3350, then the bulls temporarily avoid it. 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 3385-3395 line resistance, and the short-term focus should be on the 3355-3345 line support.
The latest trend of crude oil:
Crude oil news analysis: During the US session on Monday (August 25), international oil prices fluctuated and rose in a narrow range, and US crude oil is currently trading around US$64.66 per barrel. Oil prices recorded nearly 3% gains last weekAfter that, it remained stable at the beginning of this week. Brent crude oil prices hover around $68 per barrel, while WTI remained above $63. The market focus is on the risk of supply tightness and the impact of Fed policy expectations on risky assets. Frictions between the United States and India have exacerbated market concerns. The United States has raised tariffs on all imports from India from 25% to 50% in retaliation for its continued procurement of Russian crude oil. Nevertheless, Indian diplomats said local refineries will continue to buy Moscow's crude oil, indicating that their energy supply strategy will not change easily. Overall, the market will still be dominated by policy and geopolitical factors in the short term, rather than a simple supply and demand structure. The Fed's expectation of a rate cut provides downward protection for oil prices, but OPEC+'s production increase plan and potential weak demand have kept the medium-term trend under pressure.
Crude oil technical analysis: From the daily chart level, after the K-line continues to close and stop, it forms a bottom of a narrow range, and the oil price gradually crosses the small-level moving average, and the overall situation is still suppressed, and the medium-term subjective trend is downward. From the perspective of kinetic energy, the MACD indicator forms a golden cross below the zero axis, indicating that the action energy gradually weakens signal appears, and it is expected that the medium-term trend of crude oil will remain downward. The short-term (1H) trend of crude oil showed a deep decline, and finally received support and rose again to a new high, reaching around 63.70. The moving average system relies on the upward trend of oil prices, and the short-term objective trend is on the upward trend. Oil prices were consolidated at a narrow high in the morning session, and 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 66.0-67.0 line resistance at the top, and the short-term focus should be on the 63.0-62.0 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.xmltrust.come 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 Group】: Analysis of the latest market trends of gold and crude oil fluctuating up in 8.26 and today's exclusive operation suggestions and guidance". It was carefully www.xmltrust.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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