Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- 【XM Decision Analysis】--AUD/USD Forex Signal: Falling Wedge Points to a Rebound
- 【XM Market Analysis】--GBP/USD Forex Signal: Flips Key Support as Sell-Off Contin
- 【XM Forex】--USD/CAD Analysis: Volatile Amid Tariff Talks
- 【XM Decision Analysis】--NASDAQ 100 Monthly Forecast: January 2025
- 【XM Market Analysis】--USD/CAD Analysis: Bullish Trend Highlights Concerns of Vul
market analysis
10.10 Gold and crude oil fell sharply from highs, latest market trend analysis and today’s exclusive operation suggestions
Wonderful introduction:
The moon waxes and wanes, people have joys and sorrows, life changes, and the year has four seasons. If you survive the long night, you can see the dawn, if you endure the pain, you can have happiness, if you endure the cold winter, you no longer need to hibernate, and after the cold plums have fallen, you can look forward to the new year.
Hello everyone, today XM Forex will bring you "[XM Forex]: The latest market trend analysis of 10.10 gold and crude oil falling sharply from highs and today's exclusive operation suggestions." Hope this helps you! The original content is as follows:
The investment market always has four levels: preserving principal, controlling risks, earning income, and long-term stable and sustained profits. Don't decide the outcome based on one day's winning or losing. Whether making money is accidental or inevitable, whether it is based on hard work or luck. Those who survive in the market must be the investors who can ultimately make sustained profits in the long term. Trading is a good habit and strictly implement your trading plan. A rigorous transaction = good mentality control + correct position control + excellent technical skills. Cooperation never involves forced buying or selling. Opportunities are reserved for those who are prepared. A correct choice is worth a hundred times of effort. If you believe in the teacher, I will give you a satisfactory profit. You just need it and I am just professional!
Analysis of the latest gold market trends:
Analysis of gold news: Supported by multiple uncertainties such as the global trade situation, the independence of the Federal Reserve and the financial stability of the United States, the cumulative increase in gold prices this year is still more than 50%. Escalating geopolitical tensions continued to boost demand for safe-haven assets throughout the year, and central banks continued to increase their gold reserves at a relatively high rate. Gold prices fell back after hitting a record high of $4,059.07 per ounce on Wednesday (October 8), indicating that spot gold is facing correction pressure at overbought levels in the short term. During Thursday's Asian market trading, spot gold fell as much as 1% and is now oscillating around $4,030 per ounce. It closed up 1.4% on the previous trading day. Technical indicators show that gold has remained in overbought territory for the past month, potentially triggering profit-taking by investors after four consecutive sessions of strong gains. The market needs to pay close attention to the negotiations on thorny issues such as "Hamas disarmament". Any setback or backsliding in execution could quickly reignite risk aversionsentiment, leading to a rebound in gold prices. But what the current information points to is that gold prices are facing clear short-term downward pressure.
Gold technical analysis: Gold continued to fluctuate within the range on Thursday, testing around US$4,058 and under pressure. The lower part was supported by the US$4,000 mark area, maintaining a high shock range, and then successfully broke through the 4,000 position at midnight on Thursday. At present, gold is building a double top on the four-hour chart, and the 4,000 mark can serve as the neckline position. It has now broken, in line with our short-term adjustment expectations. If it falls, it will not rebound too high. At present, 4000 has become an obvious pressure. Once it stands above 4000 again, it may destroy this wave of callbacks, and then it will continue to fall into repeated fluctuations within the range. Now after breaking through 4000, then the double top is established. Then it will fall back and continue to look around 3930. If it continues to break, focus on the 3900 position. As for whether the rising trend has ended, it is still uncertain. We can only regard it as a mid-term adjustment under strong conditions. After all, under the general trend, it does not constitute the conditions for a sharp decline for the time being. In the future, the focus of bulls and bears will be on the www.xmltrust.competition for 3900. If 3900 is lost, the bulls will end. Of course, this trend line support position is a dynamic point. As time goes by, the center of gravity will gradually increase. From a www.xmltrust.comprehensive perspective, the short-term rebound relies on the stop loss position of 4000, and short-term positions begin in batches near 4030 below. The targets are 4000, 3930, and 3900 in turn. The trend support below is 3930 and 3900 before making effective long orders. On the whole, today's short-term operation of gold, He Bosheng suggests to focus on rebounding from high altitudes, supplemented by falling back to lows. In the short term at the top, focus on the first-line resistance of 4000-4010, and at the bottom of the short term, focus on the first-line support of 3955-3945.
Analysis of the latest crude oil market trend:
Crude oil news analysis: As the situation in the Middle East temporarily cools down, the risk premium in the crude oil market has narrowed significantly. U.S. President Trump announced an agreement between Israel and Hamas on the release of hostages, bringing signs of easing in the two-year conflict. Affected by this, after rising more than 1% on Wednesday, Brent crude oil quickly fell below US$66 per barrel during the Asian session on Thursday, while WTI crude oil consolidated around US$62. From a www.xmltrust.combination of fundamentals and technical aspects, the current weakness in oil prices is not only due to increased inventories and rising supply expectations, but also reflects the market's uncertainty about future demand recovery. If the situation in the Middle East remains stable and U.S. inventories remain high, oil prices may continue to be under pressure.
Crude oil technical analysis: From the daily chart level of crude oil, oil prices have fallen below the lower edge of the range, and the objective trend is downward in the medium term. Oil prices fluctuated near the lower edge of the range. The MACD indicator fast and slow line is below the zero axis, and short kinetic energy has the advantage. It is expected that the medium-term trend of crude oil will fluctuate and decline with a high probability. The short-term (1H) trend of crude oil rose to 62.30 and was blocked and fell. Oil prices fell below the moving average system, and the short-term objective trend showed a conversion trend. The MACD indicator fast and slow line opens downward above the zero axis, and the short momentum gradually strengthens. The main trend of oil prices in early trading is downward, and it is expected that the trend of crude oil will continue to decline during the day.Falling rhythm is the main one. On the whole, today's crude oil operation thinking: He Bosheng recommends mainly rebounding from high altitudes, supplemented by falling back to lows. The top short-term focus is on the 63.0-64.0 first-line resistance, and the bottom short-term focus is on the 60.5-59.5 first-line support.
He Bosheng's message: For me, no matter whether you are my real customer or not, why you placed the order, and why you lost money, this will make me feel regretful and sympathetic. It’s a pity why you are always cheating. You only www.xmltrust.come to me when you are losing money. I sympathize with you for why you insist on carrying on in a place when you know that you can no longer lose money. He Bosheng no longer wants to emphasize this point of gain outweighing the loss, and hopes that investors can have the ability to analyze and discern on their own. Now there is an opportunity in front of you. You can choose to continue to wait and see, but your investment career will still not change. The choice is yours whether you want to be extraordinary or human. Choose the right guidance, and Hebosheng will help you establish your own investment ideas, so that you can go on in the long run. Join Hebosheng and create brilliance together.
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 www.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 www.xmltrust.comes first, secondly consider operational risks, and finally how to make profits.
The above content is all about "[XM Foreign Exchange]: 10.10 Gold and crude oil fell sharply from the high, the latest market trend analysis and today's exclusive operation suggestions". It was carefully www.xmltrust.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
In fact, responsibility is not helpless or boring, it is as gorgeous as a rainbow. It is this colorful responsibility that creates the wonderful life we have today. I will try my best to organize the article.
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here