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Daily hammer head is waiting for speech, gold and silver are short and pressure is coming
Wonderful introduction:
Let your sorrows be full of worries, and you can't sleep, and you can't sleep. The full moon hangs high, scattered all over the ground. I think that the bright moon will be ruthless, and the wind and frost will fade away for thousands of years, and the passion will fade away easily. If there is love, it should have grown old with the wind. Knowing that the moon is ruthless, why do you repeatedly express your love to the bright moon?
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: Daily hammer head is waiting to be spoken, gold and silver are short and too long to be under pressure." Hope it will be helpful to you! The original content is as follows:
Yesterday, the gold market opened slightly higher in the early trading at 3349.8, and then the market first rose. The position of 3352.2 was given and the market fell strongly. The daily line was at the lowest point of 3324.8, and then the market rose strongly. The position of 3348.1 was given and the market was consolidated. The daily line finally closed at 3338.9, and then the market closed in a hammer head pattern with a very long lower shadow line. After this pattern ended, After this pattern ends, today's market continues to be bullish. At the point, yesterday's 3325 long left the market in the early trading. If you fall back first today, it will still be conservative 3322 long stop loss 3318, the target is 3342 and 3348 and 3352, and the break is 3358 and 3363 and 3372-3375. If you cannot break the level, the daily level pressure and evening speech factors will affect the market's short-term trend.
The silver market opened at 37.924 yesterday and the market fell first. The daily line was at the lowest point of 37.517 and then the market rose strongly. The daily line reached the highest point of 38.196 and then the market consolidated. The daily line finally closed at 38.132 and then the market closed in a hammer head with a long lower shadow line. After this pattern ended, today's market rebound continued to rise. At the point, today's 37.8 stop loss was 37.6, and the target was 38.1 and 38.3 and 38.5./p>
European and American markets opened at 1.16501 yesterday and the market fell first. The market rose strongly. The daily line reached the highest position of 1.16626 and then the market fluctuated strongly. The daily line was at the lowest position of 1.16001 and then the market consolidated. The daily line finally closed at 1.16060 and then the market closed with a long upper shadow line. After this pattern ended, 1.16350 short stop loss of 1.16550 today. The target below is 1.16000 and 1.15800 and 1.15600.
The US crude oil market opened at 63.64 yesterday and then the market first rose to 64.26 before the market fell strongly. The daily line was at the lowest point of 63.29 and then the market rose strongly. The daily line reached the highest point of 64.46 and then the market consolidated. The daily line finally closed at 64.24 and then the market closed with a medium-positive line with a lower shadow line slightly longer than the upper shadow line. After this pattern ended, the long stop loss of 63.2 for 63.7 today, and the target was 64.3 and 64.8 and 65.
The Nasdaq market opened at 23241.53 yesterday and then the market first rose to give the position of 23291.7, and then the market fluctuated and fell. The daily line was at the lowest point of 23039.54, and the market consolidated. The daily line finally closed at 23146.42, and then the market closed with a small negative line with a very long lower shadow line. After this pattern ended, it first rose to give the short stop loss of 23300 today. The target below is 23200 and 2. 3100 and 23000 fell below 22900 and 22800.
The fundamentals, yesterday's fundamentals, the initial value of the US S&P Global www.xm-links.comprehensive PMI in August was 55.4, a record high for 8 months. Traders reduced their bets on the Fed's two interest rate cuts this year; the number of initial unemployment claims in the United States increased by 11,000 to 235,000 after quarterly adjustment, the largest increase since the end of May; the number of renewed inquiries increased by 30,000 to 1.972 million, the highest since November 2021. Most Fed officials remain cautious about rate cuts. Bostic: The rate cut is still expected this year, and the direction of the labor market is worrying. Schmid: The inflation risk is higher than the employment risk, and the current policy is in a suitable position; Hamak: There is no support for the rate cut in September for the time being. Collins: If the outlook for the labor market deteriorates, interest rate cuts may be appropriate in the short term. We cannot wait until inflation is www.xm-links.completely clear before considering rate cuts. A senior U.S. Department of Justice official sent a letter to Fed Chairman Powell on Thursday, saying justiceThe ministry plans to investigate Fed governor Cook and urges Powell to move Cook out of the board of directors. Today's fundamentals are the key to this week, with Fed Chairman Powell at 22:00 speaking at Jackson Hall Global Central Bank Annual Meeting. Against the backdrop of the US president's desire to replace the Federal Reserve's chairman and strongly demanding a significant rate cut, and the upcoming start of the Federal Reserve's interest rate cut in September, the content of this speech needs to be paid attention to.
In terms of operation, gold: yesterday's 3325 long left the market in the morning. If it falls first today, it will still be conservative. 3322 long stop loss. The target is 3342 and 3348 and 3352, and the break is 3358 and 3363 and 3372-3375. If it cannot break, the daily level pressure and evening speech factors will affect the market's short-term trend.
Silver: 37.8 today's long stop loss 37.6, targets 38.1 and 38.3 and 38.5.
Europe and the United States: 1.16350 short stop loss 1.16550, targets below 1.16000 and 1.15800 and 1.15600.
US crude oil: 63.2 today's long stop loss 63.7 today, targets 64.3 and 64.8 and 65. /p>
Nasdaq Index: Today, it will first pull up and give 23300 short stop loss of 23360. The target below is 23200 and 23100 and 23000 falling below 22900 and 22800.
The above content is all about "[XM Foreign Exchange Market Review]: Daily hammer head is to be spoken, gold and silver are short and long to be exposed to pressure", which is carefully www.xm-links.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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