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10.14 How to solve the short-term trap when gold continues to rise? The latest operation suggestions for crude oil prices today
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Hello everyone, today XM Forex will bring you "[XM Group]: How to solve the short trap when gold continues to rise on 10.14, and the latest operation suggestions for crude oil today". Hope this helps you! The original content is as follows:
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Analysis of gold’s latest market trends:
Analysis of gold news: Spot gold continued to hit new highs during the U.S. trading session on Monday (October 13), rising nearly 2.5% to $4,103.67 per ounce. It has now fallen slightly to around $4,096.90 per ounce, still supported by a favorable fundamental background. Investors are worried about economic uncertainty caused by a prolonged U.S. government shutdown and rising geopolitical tensions. In addition, new concerns about international trade have become a key factor supporting demand for safe-haven precious metals. At the same time, the market is increasingly accepting expectations that the U.S. Federal Reserve will cut interest rates twice more this year, which has kept U.S. dollar bulls on the defensive, further benefiting the non-yielding asset gold. Still, risk-on sentiment triggered by U.S. President Donald Trump's dovish stance on 100% China tariffs may limit gold's upside amid overbought conditions and thin liquidity due to the U.S. bank holiday.room for growth.
Gold technical analysis: Gold's weekly Bollinger Bands are opening and diverging upwards. The K-line has been positive for 8 consecutive times. The K-line relies on upward support to continuously break through new highs. The moving averages are arranged in a long position, which implies that gold is currently in a very strong bullish trend. In terms of daily structure, gold is currently in a state of top divergence for a long period of time. It is impossible to determine how long this state can last. We can only pay attention to the unpredictable changes in fundamental sentiment. However, the demand for adjustment of the technical backlog is too great, and this risk must be highly guarded against. What will eventually trigger the long sell-off will be when the fundamentals are resolved and eased. At present, gold has seriously deviated from the technical track. Under the influence of various factors in the market, there is no doubt that the bullish trend of gold remains unchanged. Therefore, trading during the week is still mainly bullish on pullbacks.
The key point for the strength and weakness of gold this week is 3945, and the key point for long and short is 3900. In other words, if it remains above 3945, gold is in a very strong trend. If it remains above 3900, gold is a bullish trend. As for the intraday market, gold continues to rise in early trading today. The upper side will focus on the www.xmmen.competition near the previous high of 4060. If it breaks through 4060, then in principle, do not guess the top. The upper side will continue to look at 4100 and 4300. But if it is a shock rise, you should also pay attention to the room for each pullback, and see whether there is a strong or weak transition. The current support has moved up to the early trading low of 4025, and above it is the top-bottom transition of 4059. There are many opportunities for intraday pullbacks. 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 4120-4130 first-line resistance, and the bottom short-term focus will be on the 4080-4070 first-line support.
Analysis of the latest crude oil market trend:
Crude oil news analysis: During the Asian session on Monday, international oil prices rebounded slightly. Brent crude rose above $63 a barrel, while WTI crude held steady near $60. Previously, last Friday as trade tensions heated up again, both crude oil varieties recorded their largest single-day declines since August, with Brent falling 3.8% and WTI falling below the $60 mark. The current rebound in oil prices is more a correction of excessive pessimism than a trend reversal. If there is no substantial progress in trade negotiations between the United States and Asian countries, crude oil demand is expected to remain suppressed. Pay attention to the negotiation dynamics and OPEC+ supply changes in the next two weeks. Once policies tighten again or the U.S. dollar strengthens, WTI crude oil may test below $59 again.
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 mid-term trend of crude oil is expected to be volatile and downward. The short-term (1H) trend of crude oil has fallen sharply, falling below the 60 mark and hitting a new low of 57.8. The moving average system is arranged in a short position, and the short-term objective trend is downward. The MACD indicator closed at a low level below the zero axis, but is bearishHead momentum remains strong. Oil prices rebounded weakly in early trading. Pay attention to the suppression of oil prices by the 55-day moving average. It is expected that the trend of crude oil will still move downward 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 61.0-62.0 first-line resistance, and the bottom short-term focus is on the 58.5-57.5 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.xmmen.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.xmmen.comes first, secondly consider operational risks, and finally how to make profits.
The above content is all about "[XM Group]: How to solve the short quilt trap when gold continues to rise on 10.14, the latest operation suggestions for crude oil market today". It is carefully www.xmmen.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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