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8.25 Analysis of the up and down trend of gold crude oil market and the latest long and short operation suggestions layout
Wonderful introduction:
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Analysis of the up and down trend of 8.25 gold crude oil market and the latest long and short operation suggestions layout". Hope it will be helpful to you! The original content is as follows:
The most terrifying thing in the market is not the absence of market conditions, not the absence of opportunities, but the confusion and random orders. A person who doesn’t know where to go is the opposite direction, and the wind blowing from any direction will be the headwind! People who also don’t know how to trade, no matter whether they go long or short, once the market fluctuates, it will be a disaster without any reckless disaster! There is no gorgeous language here, only real trading and Mingming Lang Lang's operations. The market has only one direction, neither bulls nor shorts, but right direction. Reasonable risk control + good investment returns allow every retail investor to find the real pleasure of investing, and no longer the hard trading of their own every day but the continuous increase in losses. I have always believed that choice is more important than hard work. A good instructor and a good technical team should be more responsible to customers in addition to bringing profits to customers. Individual investors, if they face the market alone, they are easily confused by the authorities and are caught off guard when encountering sharp rises and falls. If someone can see the situation clearly outside the circle and give the direction, they can do better. If you make a poor order or your investment often shrinks, you can talk to He Bosheng and I will do my best to teach you how to fish.
Analysis of the latest gold market trend:
Analysis of gold news: On Thursday (August 24), the spot gold price rose for the fourth consecutive trading day, hitting a two-week high of $1923.43/ounce. The number of initial unemployment claims in the United States fell in the week ending August 19. After the data was released, spot gold once hit a low of $1911.87, but then rebounded to trading around $1920. The reason is that weak U.S. economic data has sparked concerns about U.S. economic resilience. Traders, etc.Wait for Fed Chairman Powell's speech on Friday. The gold market continues to face some technical selling pressure, and health data in the U.S. job market has also exacerbated downward pressure. Investors are waiting for Fed Chairman Powell to provide new interest rate guidance at the upcoming Jackson Hall Global Central Bank annual meeting.
Overnight, the 10-year U.S. Treasury yield plummeted by nearly 13 basis points, and the U.S. dollar index fell from the high of 103.983 since early June recorded intraday, as data showed U.S. business activity was close to stagnation in August, driving gold prices to rise by nearly 1%. The outlook is not as good as people hope, which may indicate that developed market central banks are somewhat cautious in further tightening monetary policy. The Federal Reserve will hold its annual seminar from August 24 to August 26 in Jackson Hole, Wyoming. Investors are waiting for Fed Chairman Powell to speak on Friday (August 25) to confirm whether interest rates will remain high for a longer period of time. Powell's release of any hint of a potential rate cut would give gold bulls courage.
As the Jackson Hall workshop begins, market participants are looking for new directions. Discussions on stronger-than-expected data may indicate concerns over continuing inflation, while concerns about cooling labor markets, weak PMI and downward trends in CPI may indicate interest rates are approaching peaks. Some economic concerns drive the demand for safe-haven…the focus is on Jackson Hole. The rebound in the past four days is actually because gold prices often buy on dips after falling below $1,900. Macro and policy factors are back in favor of the US dollar, but some (or many) of these factors have been included in the price, and the long-term price trend is generally bearish after the US dollar index peaks and reverses in 2022.
Gold technical analysis: Gold continues to fluctuate at a high level after yesterday's pullback. As of now, the highest point has reached the near 1923. However, we still cannot fully consider this action to be a reversal of the bulls. After all, in the long and short fields, the primary condition for judging whether it is a reversal is not a single-day large negative or large positive, which are both continuity and breakthrough effects. At present, gold has fallen in the European session, so the probability of the US market continuing to strengthen. After all, it continues to retreat to the lower position of 1920, so this position is also the important pressure port at night, and the key support below will also remain at the integer level 1900. There may be a certain time oscillation in this range, and the trend in the evening is also more critical. If it strengthens, it will continue to follow the right side in the later stage. On the contrary, it will still be reviewed in the decline channel in the later stage.
The golden daily line period recorded a positive line, but the overall situation was hindered by the middle track. After the 4-hour cycle recorded a big positive line, the cross line was subsequently recorded with stagflation. There was no obvious signal in the short term, so you can continue to pay attention! After the 1-hour period was partially recorded, a series of small solid lines were subsequently recorded, which was consolidated and built a top, and the short-term trend was to build a top. 1920-1924 is the range where long and short conversions in the previous market are more frequent, and can be regarded as short-term resistance. Therefore, the future market needs to focus on the breaking situation of the 1922-1924 range. 1 hour cycleThe Ma moving average crosses upward and points to bullish, but as I said before, the Ma moving average does not have the function of touching the top, so be cautious about chasing long at high levels. The KDJ cross in the 1-hour cycle points downward to bearishness, and the market can be seen in the future; the trading volume in the 1-hour cycle continues to shrink with the upward trend, and the reversal is imminent, so be cautious in chasing long at high levels. Gold ETFs are still in the process of continuous reduction in holdings, and the overall market in the future is still dominated by high altitudes! Overall, in terms of today's short-term gold operation ideas, He Bosheng recommends that rebound short sellers should be the main focus, and pullbacks should be the auxiliary focus. The short-term focus above focuses on the resistance of the 1925-1930 line, and the short-term focus below focuses on the support of the 1905-1900 line.
The latest trend analysis of crude oil:
Crude oil news analysis: On August 24 (Thursday), U.S. crude oil traded around $78 per barrel during the US market; oil prices fell more than 1% on Wednesday, as demand dilemma caused by the increase in U.S. gasoline inventories and weak global manufacturing data overshadowed optimism that the decline in U.S. crude oil inventories exceeded expectations. U.S. corporate activity was close to stagnation in August, with growth rates the slowest since February as demand for new businesses shrinks in the huge service industry. S&P Global said the initial value of the U.S. xmhouses.comprehensive Purchasing Managers Index (PMI), which tracks manufacturing and services, fell from 52 in July to 50.4 in August, the biggest drop since November 2022. The service industry PMI was 51.0 in August, the slowest growth rate since February. The manufacturing PMI fell from 49.0 in July to 47.0, shrinking for the fourth straight month. Output growth of U.S. xmhouses.companies slowed in August. As production fell again, manufacturing fell into a contraction again, while growth for service providers slowed to its lowest level since February. The sluggish customer demand has led to a slowdown in the overall economy, with total new orders falling for the first time in six months. New orders from manufacturers and service providers have shrunk. Iranian state media quoted Iran's oil minister as saying that although U.S. sanctions still exist, Iran's crude oil production will reach 3.4 million barrels per day by the end of September. Goldman Sachs pointed to the bearish risk brought by Iran's increased supply, saying that Iran's exports are expected to increase by 500,000 barrels per day as of August 20. Overall, global manufacturing data is weak, increasing demand concerns, Iran's supply increases bearish risk of oil prices, oil prices maintain a bearish view, and look at US$76 per barrel in the short term.
Crude oil technical analysis: Crude oil continued to fall in the small negative line yesterday, retreating to the low of 77.70. The daily adjustment wave pattern is close to the golden segmentation point 0.382. This position is the first support point for the daily pullback. If this upward trend has not ended, then a downward rebound will be formed today and tomorrow. We cannot further continue to decline, otherwise the upward pattern will change and turn to a weak point. At present, the daily line is still in an upward trend and correction. Pay attention to whether you can recover lost land today. In the 4-hour chart C wave adjustment, pay attention to the next long and short conversion after breaking the low. In terms of small cycles, it is still in a downward adjustment, but in the upward wave form, the C wave pullback is expected to start a steady recovery after the end of the C wave. Currently, it is close to the support of the 270-unit moving average at the 4-hour level. If it can be stableIn this position, there will still be a rise in the future. On the contrary, the closing price will fall below the market today and tomorrow, and the short-term conversion will weaken. Today we should focus on long-short conversions, and make flexible arrangements in operation in xmhouses.combination with intraday patterns. Overall, in terms of the short-term operation of crude oil today, He Bosheng recommends that the rebound is mainly low-small, and the rebound is supplemented by high altitude. The short-term focus on the 80.0-80.5 line resistance above, and the short-term focus on the 78.0-77.5 line support below.
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This article was exclusively planned by gold crude oil analyst He Bosheng. Thank you for your love and support for He Bosheng's article. I hope everyone can gain something from He Bosheng's article! No matter whether the views and strategies of the article are consistent with everyone's opinions, you can xmhouses.come to me to discuss and learn! There is nothing difficult in the world, I am afraid of those who are determined. Investors will be wary of the same article content and fields that appear after this time period! 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 Foreign Exchange Decision Analysis]: Analysis of the up and down trend of gold and crude oil market and the latest long and short operation suggestions layout". It was carefully xmhouses.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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