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Technical overbought is approaching, gold and silver try to go short
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Technical overbought is approaching the node, gold and silver try to go short". Hope this helps you! The original content is as follows:
Yesterday, the gold market opened at 4111.1 in early trading and the market first rose to reach 4180.2 and then fell back. The daily line reached the lowest position of 4089.8 and then the market rose again. After the daily line finally closed at 4140, the daily line closed in a spindle-like shape with an upper shadow line longer than the lower shadow line. After this form ends, the longs of 3325 and 3322 below, the longs of 3368-3370 last week, the longs of 3377 and 3385, and the longs of 3563 will be reduced and the stop loss will be followed up at 3750. Today, the first pull up will give 4180 short stop loss 4186. The lower targets are 4140, 4120 and 4100.
The silver market opened low at 51.804 in early trading yesterday, and then the market first rose to a position of 53.674, and then fell back under pressure. The daily line reached the lowest position of 49.875, and then the market rose in late trading. After the daily line finally closed at 51.5, the daily line has an upper and lower shadow line of equal length. The spindle shape closes, and after the close of this shape, the long position of 37.8, the long of 38.8, and the long of 44.6 are reduced and the stop loss is followed up at 47. After opening low today, the pull up gives a short stop loss of 52.75 and a stop loss of 53. The lower targets are 50.5 and 50 and 49.8 and 49.5.
European and American markets opened at 1.15656 yesterday, and then the market first rose to reach 1.15930, and then the European market quickly fell back. The daily minimum reached 115410, and then the market rose strongly. The daily maximum touched 1.16151, and then the market consolidated. The daily line finally closed at 1.16151. After reaching the position of 1.16071, the daily line closes with a big positive line with a long lower shadow. After this form ends, the daily line builds a box consolidation range. In terms of points, today's 1.15600 is more than 1.15600, the stop loss is 1.15400, and the target is 1.16000 and 1.16200-1.16400.
The U.S. crude oil market opened at 59.62 yesterday and then the market rose slightly to reach the position of 59.84. Then the market fluctuated strongly and fell back. The daily low reached the position of 57.69 and then the market rose in late trading. The daily line finally After closing at 58.62, the daily line closed with a big negative line with a long lower shadow. After finishing in this form, the short stop loss was 59.8 at 59.35 today, and the target cards were 58.6, 58, and 57.7.
After the Nasdaq opened at 24734.19 yesterday, the market first rose to reach a daily high of 24866.96, and then fell back strongly. The daily low reached a position of 24239, and then the market rose in late trading. The daily line finally closed at 24570.17, and then the market had a lower shadow line longer than the upper shadow line. The hammer-like pattern closed, and after this pattern ended, today's stop loss was 24290 over 24350, with targets at 24650, 24750, and 24800
Fundamentals. Yesterday's fundamentals focused on the Fed's speech. Fed Chairman Powell said that the liquidity of the money market is gradually tightening, and the balance sheet reduction may be nearing www.xmmen.completion in the next few months. Recent economic activity data have been stronger than expected, but they have not yet translated into a pick-up in hiring, and the job market has declined. Banking risks have increased. Cutting interest rates too slowly may suppress employment, while cutting interest rates too quickly may cause the anti-inflation task to be abandoned halfway. Amid the government shutdown, it is believed that there will still be enough information for reference in the interest rate discussion at the end of this month, but there is concern that October data will begin to be missed. In the context of the US government shutdown, the US President will announce on Friday a list of projects supported by the Democratic Party to be closed due to the shutdown issue. The gold market's rapid fall after hitting a new high yesterday means that the technical overbought process supported by the fundamentals of the market is facing the stage of profit-taking. Today's fundamentals focus on China's September CPI annual rate at 9:30 am, which is expected to be -0.1% this round. In the evening, watch the U.S. New York Fed Manufacturing Index for October at 20:30. Tomorrow morning, focus on the Federal Reserve’s Beige Book of Economic Conditions released at 2:00 am.
In operation, gold: belowThe longs of 3325 and 3322 and the longs of 3368-3370 last week are 3377 and 3385 longs and the longs of 3563. After reducing the position, the stop loss is followed up and held at 3750. Today, the first pull up gives 4180 short stop loss 4186. The lower targets are 4140, 4120 and 4100.
Silver: The bottom is 37.8 long, 38.8 long and 44.6 long. After reducing the position, the stop loss is followed up and held at 47. After opening low today, it pulls up and gives 52.75. Short stop loss is 53. The bottom target is 50.5 and 50 and 49.8 and 49.5.
Europe and the United States: 1.156 today 00 long stop loss 1.15400, target 1.16000 and 1.16200-1.16400.
U.S. crude oil: short stop loss 59.8 at 59.35 today, target card 58.6, 58 and 57.7.
Nasdaq: stop long 24350 today Loss 24290, target 24650, 24750 and 24800
The above content is all about "[XM Foreign Exchange Platform]: Technical overbought is approaching the node, gold and silver try to go short". It was 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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