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11.13 Gold surges, crude oil plummets, latest market trend analysis and today’s exclusive operation suggestions
Wonderful introduction:
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: 11.13 gold surge, crude oil plunge, latest market trend analysis and today's exclusive operation suggestions." Hope this helps you! The original content is as follows:
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Analysis of the latest gold market trends:
Analysis of gold news: In the US market on Wednesday (November 12), spot gold rose strongly and is currently trading around US$4,161 per ounce, holding on to the gains of the previous trading days. The price of gold rose 0.27% on Tuesday to close at US$4,126.62 per ounce. It hit an intraday high of US$4,148.91, a new high since October 23. The U.S. government shutdown is about to end, economic data is about to recover, and clear signals from hawks within the Federal Reserve turning dovish have jointly ignited the bullish flames in the gold market. The U.S. dollar index fluctuated on Wednesday and fell 0.14% to 99.48. It hit a new low in nearly two weeks to 99.29 during the session. The weak U.S. dollar provided a perfect assist for gold. Data show that holdings of SPDR, the world's largest gold ETF, increased by 4.3 tons to 4,046.36 tons on Tuesday, a new high since October 25.
Gold technical analysis: Gold first rose above the 4116 line in early trading yesterday, then fell back to the 4149 line as high as the Asian session, and rebounded at the end of the U.S. trading session as low as the 4096 line. The daily line finally closed at the 4126 line, closing in the shape of a spindle with upper and lower shadows of equal length. Gold is currently bullish. The main idea is to focus on the breakthrough of the 4100 to 4160 range during the Asian market. If there is a breakthrough above, there will be at least hundreds of points of space. It is better to operate directly and layout. If it falls back to support, there are several more important points to pay attention to, which are yesterday's US low of 4097 and the two rising nodes 4080 and 4060. Above, focus on the resistance near yesterday's high of 4149. If this position cannot be effectively broken, it will temporarily fluctuate. Once I stand firm, I personally tend to look at the 4160-4190 line and then backhand again. The 1 hour line still has momentum to rise. It fell slightly below 4100 last night and then quickly reversed, indicating that the short-term 4100 support is still effective. Gold continues to go long on dips after falling back to 4100. On the whole, today's short-term operation of gold, He Bosheng suggests to focus on the low and long rebound, supplemented by the rebound from the high altitude. The top short-term focus will be on the first-line resistance of 4180-4200, and the bottom short-term will focus on the first-line support of 4130-4110.
Analysis of the latest crude oil market trend:
Analysis of crude oil news: During the Asian session on Wednesday, Brent crude oil was trading at US$65.03/barrel, and U.S. WTI crude oil was trading at US$60.92/barrel, approaching the intensive pressure range after rising for two consecutive days. Market analysts believe that the latest U.S. sanctions on Russia’s energy sector have gradually penetrated into the export chain, causing some buyers to reassess import risks. According to market surveys, five major Indian refineries have not yet placed orders for the purchase of Russian crude oil in December, showing signs of restrictions on export flows. From a trend perspective, the sustainability of rising oil prices still depends on the intensity of sanctions and the reaction speed of the buyer's market. Although the current cautious attitude of Asian countries has put pressure on the supply side, global crude oil inventory levels and the production adjustment ability of non-Russian oil-producing countries are still balancing factors. If restrictions on Russian exports continue in the next few weeks, oil prices are expected to continue to rebound, and we need to pay attention to changes in inventory data this week.
Crude oil technical analysis: From the daily chart level, from the local level, the current oscillation rhythm of crude oil is a minor shock, and the previous main trend is three solid positive lines from the low of 55.96. Judging from the primary and secondary rhythms, there is still room for a rebound in the trend. The MACD indicator is below the zero axis, and bulls still need to further accumulate momentum. It is expected that after the mid-term trend of crude oil is supported by the backtest low, it is expected to form a rebound upward. The short-term (1H) trend of crude oil broke through the upper edge of the narrow range and showed an upward rhythm. Oil prices are about to hit the strong resistance position of 61.50 within the day. The moving average system is arranged in a long position, and the short-term objective trend is upward. The MACD indicator crosses the zero axis and is running at a high level, with bulls performing strongly. It is expected that there is a high probability that the trend of crude oil will break through the resistance and continue to rise during the day. Taken together, He Bosheng recommends rebounding in terms of crude oil operation today.The top short-term focus is on the 60.5-61.5 first-line resistance, and the bottom short-term focus is on the 58.0-57.0 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 xmxyly.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 xmxyly.comes first, secondly consider operational risks, and finally how to make profits.
The above content is all about "[XM Foreign Exchange Decision Analysis]: 11.13 gold surge, crude oil plunge, latest market trend analysis and today's exclusive operation suggestions". It is carefully xmxyly.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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