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10.13 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 Foreign Exchange Market Analysis]: 10.13 gold and crude oil Monday morning opening market trend analysis and the 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 www.xmltrust.communication. I can help you point out all the problems in the order, so that you can avoid detours in the transaction process.
Analysis of the latest gold market trend:
Gold news analysis: During the late trading period of the U.S. market last Friday (October 10), spot gold fluctuated around $4,015 per ounce. On the previous trading day, gold ended its four-day rise and turned into a significant decline. It resumed its moderate gains on Friday. The cumulative increase in the previous four trading days had exceeded 4.5%. Despite the short-term decline, the bullish bias still dominates the market, mainly due to lower interest rates from major global central banks and secondly supported by market confidence trends. As long as these influencing factors persist, gold may continue to receive stable buying support. The Federal Reserve released the minutes of its latest interest rate meeting on September 17 on Wednesday. Although some members expressed concerns about the persistence of inflation, the overall consensus still favored further interest rate cuts, so the contents of the minutes did not cause major market surprises. if onlyGold is likely to maintain strong upward momentum as expectations of U.S. interest rate cuts persist and bond yields continue to fall, reinforcing its dominant bullish bias in the short to medium term.
Gold technical analysis: From the perspective of technical analysis, although the daily line closed the negative line and fell below the 5-day moving average, the key support 10-day moving average has not yet fallen, and the price is well above the $3,900 lifeline, which is the lifeline for judging trend conversion, and the overall bull pattern is still intact. On the H4 cycle chart, the Bollinger Bands have begun to close, indicating that gold prices may enter a high-level shock stage, and the main fluctuation range can be between US$3,930 and US$4,060 for the time being. It is worth noting that gold prices rebounded quickly after falling back to $3,945, showing that there is strong buying support at this level, which reduces the possibility of a further sharp decline on Friday. In terms of intraday trading strategy, we should continue to adhere to the main idea of going long on the pullback. Specifically, the main support below can focus on the 3950 line, and you can rely on this position to place long orders. If the market shows a high-level shock pattern, the upward target can first be seen above $4,000; if it can accumulate momentum to form a unilateral upward trend, it is expected to challenge 4,020 or even the previous high of $4,060 again. All in all, we should maintain the "low and long" mentality in operation, follow the trend, and do not blindly guess the top. The key is to seize the opportunity to enter the market during the callback. On the whole, in terms of short-term operation ideas for gold on Monday, He Bosheng recommends to focus on long callbacks, supplemented by rebounds from high altitudes. The top short-term focus will be on the 4048-4058 first-line resistance, and the bottom short-term focus will be on the 3985-3975 first-line support.
Analysis of the latest crude oil market trend:
Crude oil news analysis: In the US market last Friday, US West Texas Intermediate crude oil (WTI) continued its correction and was trading at US$58.20 per barrel. According to market surveys, Israel and Hamas officially signed a ceasefire agreement, marking a temporary relaxation of the situation in the Middle East. The agreement includes arrangements for a partial withdrawal of troops and the release of detained personnel, which is widely believed to reduce the risk of crude oil supply disruptions. As the Middle East is the source of about one-third of the world's crude oil exports, the decline in geo-risk premium has put WTI under short-term pressure. At the same time, the U.S. government shutdown has lasted for ten days, and Congress has still not passed a budget, leading to a shutdown of some federal agencies. The market is worried that this will weaken the vitality of the US economy and suppress energy consumption demand. The current trend of WTI reflects the characteristics of "political risks recede and economic expectations dominate". The easing of tensions in the Middle East has caused oil prices to lose upward momentum, while the fiscal impasse in the United States has heightened uncertainty on the demand side.
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 trend of crude oil (1H) failed to break through the second upward test, and was once again blocked by 62.30 and fell. The moving average system is arranged in a short position, and the short-term objective trend is downward. The MACD indicator speed line crosses downwards, and the short momentum is full.surplus. Oil prices rebounded weakly in early trading, and crude oil prices are expected to maintain a downward trend during the day. On the whole, He Bosheng recommends that the crude oil operation idea on Monday is mainly to rebound from high altitudes, supplemented by falling back to lows. The top short-term focus is on the 59.5-60.5 first-line resistance, and the bottom short-term focus is on the 57.0-56.0 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 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 Market Analysis]: 10.13 Gold Crude Oil Monday Morning Opening Market Trend Analysis and Latest Exclusive Operation Suggestions". It is 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!
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