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market analysis
Strong fluctuations are coming under pressure, and gold and silver need more retracement
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Strong fluctuations are under pressure, and gold and silver will need to fall back." Hope it will be helpful to you! The original content is as follows:
Yesterday, the gold market opened at 3368.9 in the morning and then the market fell slightly and gave the position of 3364.8. After the market fluctuated strongly. During the US session, the daily line reached the highest position of 3402 and then the market consolidated. The daily line finally closed at 3396.7. Then the market closed with a large positive line with an upper shadow line slightly longer than the lower shadow line. After this pattern ended, the daily line was positive and negative. Today, it needed to retrace more. At the point, the stop loss of 3372 was held at 3371 after reducing positions yesterday. Today, 3377 was conservative and 3375 was more stop loss 3371. The target was 3395 and 3402, and the break was 3412 and 3422 and 3430-3440 pressure.
The silver market opened at 37.829 yesterday and the market fell slightly and gave the 37.805 position. After the market rose strongly, the daily line reached the highest point of 38.5 and then the market fluctuated and consolidated. After the daily line finally closed at 38.251, the daily line closed with a medium-positive line with a long upper shadow line. After this pattern ended, the 38.05 stop loss was 37.85 today, the target was 38.5, and the break was 38.75 and 39-39.2
European and American markets opened at 1.16553 yesterday and the market rose first. The daily line reached the highest position at 1.16987 and then the market fell. The daily line was at the lowest position at 1.16096 and then the market consolidated. The daily line finally closed at 1.16635 and then the market closed with a long-leg cross star pattern with a lower shadow line slightly longer than the upper shadow line. After this pattern ended, the stop loss after reducing positions at 1.16150 yesterday was followed by 1.16200, and the stop loss after 1.16400 was more than 1.16200 today. The target was 1.16800 and 1.17000, and the break was 1.17200 and 1.17400.
The US crude oil market opened at 64.81 yesterday and then the market first rose to 65.5. Then the market fluctuated strongly. The daily line was at the lowest point of 64.07 and then the market consolidated. The daily line finally closed at 64.19 and then the market closed with a very long upper shadow line. After this pattern ended, today's short stop loss of 65.6, the target below 64.5 and 64.05, and below 63.6 and 63.1.
The Nasdaq market opened at 23316.84 yesterday and the market fell slightly. The market fluctuated strongly. The daily line reached the highest position of 23562.15 and then fell strongly. The daily line was at the lowest position of 23220.85 and then the market rose at the end of the trading session. The daily line finally closed at 23410.16 and then the market was in a strong position. A spindle pattern with an upper shadow line slightly longer than the lower shadow line closed. After such a pattern ended, the stop loss was 23230 after more than 23290 today, with the target of 23350 and 23400 and 23450-23500.
The fundamentals, yesterday's fundamentals, the US President nominated Stephen Milan, Chairman of the White House Economic Advisory xmspot.committee, as a member of the Federal Reserve, and his term of office was until January 31, 2026. US Treasury Secretary Bescent: The interview process for the Fed Chairman has begun, and the timetable for replacing Fed Chairman Powell has accelerated, which means that the Fed's expectation of a rate cut has increased, which will further suppress the US index and push up gold and silver prices. Today's fundamentals mainly focus on the number of jobs in Canada in July at 20:30.
In terms of operation, gold: yesterday's 3372's long position reduction and the stop loss follow-up is held at 3371. Today, 3377 is conservative and 3375 is long and stop loss is 3371. The target is 3395 and 3402. The break is 3412 and 3422 and 3430-3440 pressure.
Silver: 37.85, 38.05 today, target 38.5, breaking the position, 38.75 and 39-39.2
Europe and the United States: 1.1 yesterday6150's long position reduction follow-up at 1.16200, 1.16400 today's stop loss 1.16200, target 1.16800 and 1.17000, breaking the position and 1.17200 and 1.17400.
US crude oil: 65.1 short stop loss 65.6 today's short stop loss 64.5 and 64.05, below the target, below the target, 63.6 and 63.1.
Nasdaq: 23290 today's stop loss 23230, target, target, 23350 and 23400 and 23450-23500
3372 yesterday
The above content is all about "[XM Foreign Exchange Platform]: Strong fluctuations are xmspot.coming under pressure, and gold and silver need to fall back". It is carefully xmspot.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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