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Will gold continue to break high after fluctuating at high levels on 10.16? Today’s latest exclusive operating advice for crude oil
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Decision Analysis]: Will gold continue to break through the 10.16 high fluctuations? The latest exclusive operation suggestions for crude oil today". Hope this helps you! The original content is as follows:
Same market situation, different guidance, different life. The characteristic of novices is that they do not understand technology and enter the market blindly. They only consider one issue every time they trade: they think that as long as they predict the rise and fall of the market, they can make this transaction. This approach of focusing on direction and ignoring position makes traders xmspot.completely defeated. In fact, there is a big difference between the "trend" and the "direction" of following the trend, because the direction of market movement appears to be oscillating, and the market trend is often global. What I can do here is help you control your positions reasonably, use support and resistance levels to place orders, and make every order logical and traceable. You should not enter the market at will when buying and selling points. Please be responsible for your own funds. If you are really unsure about the market, you can xmspot.come and find me. One more analyst will bring you no loss. Always remember one sentence, professional people do professional things. All actual operations are only for profit, and cooperation is only for a win-win situation.
Analysis of the latest gold market trends:
Analysis of gold news: During the U.S. trading session on Wednesday (October 15), spot gold continued its record-breaking trend, breaking through the US$4,200 mark and setting a new all-time high. Strong safe-haven capital inflows boosted demand, supporting gold prices higher. Supported by the persistence of global economic and political uncertainty and rising market expectations for the Federal Reserve's easing stance, gold prices are setting new record highs almost every day. The direct cause of gold's current rise is the escalation of the trade war between China and the United States, with both sides continuing to increase threats and retaliatory measures. At the same time, the ongoing U.S. government shutdown has further enhanced the safe-haven appeal of gold, a precious metal. A weaker U.S. dollar and low U.S. Treasury yields provided additional support for gold prices, keeping the metal steady near all-time highs. In addition, the groundContinued geopolitical tensions and stable institutional demand keep the overall outlook for gold on a strong upward trend.
Gold technical analysis: Gold opened on Wednesday with a step-by-step rise. After breaking through yesterday's high near 4180, it extended to around 4218. But then it took a big dive in the European market, then stepped back to 4165 and stabilized and rose. The bottom shape was solid, and the US market recovered all the losses. You can see the strength of the general trend; at present, the big positive line at the bottom is accumulated, and it is difficult to have a larger downward movement in the short term. The big positive line continues to move upward, and the big positive line entity directly covers the negative line entity. This is the strength of the bulls.
Furthermore, the K-line is in the shape of an arc bottom, which is a spiral upward movement. The K-line continues to stabilize above the moving average, so the operation continues to maintain a singing rhythm. The lower support position first focuses on the daily low of 4165. If this position does not break, it is not impossible to refresh the high again. Above, we still maintain the principle of not guessing the top, and the main operation is long and auxiliary short operations. Today's short-term operation in Asia will fall back up and down, with a stop loss of 4180 and 4170, and the upper target is 4200-4210; if it goes up to 4230, the short short stop loss is 4240, and the lower target is 4210-4200. On the whole, today's short-term operation of gold, He Bosheng recommends to focus on long callbacks, supplemented by rebounds from high altitudes. The top short-term focus will be on the first-line resistance of 4220-4240, and the bottom short-term focus will be on the 4180-4160 first-line support.
Analysis of the latest crude oil market trend:
Crude oil news analysis: In early trading on Wednesday, international oil prices continued the decline of the previous trading day. Brent crude oil futures fell 0.19% to US$62.27 per barrel; U.S. WTI crude oil futures fell 0.17% to US$58.60 per barrel. Both contracts hit their lowest closing prices in five months. The International Energy Agency (IEA) released a report on Tuesday stating that the global crude oil market may experience a supply surplus of up to 4 million barrels per day in 2026, a significant increase from the previously forecast excess. The report said that OPEC+ members and their xmspot.competitors are increasing production, while global demand recovery remains weak, which will exacerbate the market supply and demand imbalance. The main reason for the current decline in oil prices is dual pressure: on the one hand, the supply side continues to expand, and the IEA's warning has strengthened the market's expectations of excess; on the other hand, the trade friction between the United States and Asia has made the prospect of demand recovery even more uncertain. If subsequent inventory data confirms that supply pressure is rising but demand does not improve, oil prices may continue to weaken during the year. The key observation point for the future market is the implementation of OPEC+ production cuts and the progress of global trade coordination.
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 fell sharply in a single day, and the subjective and objective trend directions have been downward. The MACD indicator fast and slow line opens downward below the zero axis, indicating that short kinetic energy has the upper hand. The medium-term trend of crude oil is expected to be volatile and downward. The short-term trend of crude oil (1H) fluctuated and fell to a new low, hitting 57.30. moving average systemThe divergence is downward and suppresses oil prices, and the short-term objective trend is downward. Oil prices rebounded from the bottom in early trading and are relatively weak in terms of strength. The MACD indicator is running below the zero axis. The short momentum still has the upper hand. It is expected that the trend of crude oil will mainly fluctuate and fall during the day. On the whole, today's crude oil operation thinking is based on He Bosheng's suggestion to mainly rebound from high altitudes, supplemented by falling back to lows. The top short-term focus is on the 60.0-61.0 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 xmspot.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 xmspot.comes first, secondly consider operational risks, and finally how to make profits.
The above content is all about "[XM Foreign Exchange Decision Analysis]: Will gold continue to break through the 10.16 high shock? The latest exclusive operation suggestions for crude oil today". It was carefully xmspot.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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