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Expectations of interest rate cuts push the sun, and gold and silver bulls hit the track
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Decision Analysis]: Expectations of interest rate cuts push the sun, and gold and silver bulls hit the track." Hope this helps you! The original content is as follows:

Yesterday, the gold market continued the process of bottoming out and rising last Friday. It opened slightly higher at 4070.8 in early trading and then fell first. After the daily minimum reached 4039.5, the market fluctuated strongly and rose. After the daily line broke Friday's high, the market accelerated its upward trend. The weekly line reached the highest position of 4140.2 and then consolidated. After the weekly line finally closed at 4034, the weekly line closed with a big positive line with a long lower shadow. In this form After the closing, today’s market has continued bullish demand. In terms of points, the longs of 3325 and 3322 below and the longs of 3368-3370 last week, the longs of 3377 and 3385, and the longs of 3563 will be followed by the stop loss at 3750 after reducing positions. Hold, today it will first fall back to 4105 and more, conservatively 4102 and more stop loss 4097. The target is 4125 and 4140 and 4152 and 4160 and 4170. If the position is broken, the 4180-4190 triangle will be arranged to xmniubi.compete for the pressure on the upper track.

The silver market first fell after opening at 50.082 yesterday. The daily low reached 49.687 and then the market rose strongly. The daily high hit 51.409 and then consolidated. Logically speaking, after the daily line finally closed at 51.328, it closed with a big positive line with a long lower shadow. After finishing in this form, today's market rebounded and continued to be bullish. In terms of points, the bullish line below was 37.8 and the bullish line was 38.8.Follow up and hold at 42, stop loss at 50.55 for today's long 50.75, target 51.3, 51.6 and 52.

European and American markets opened at 1.15112 yesterday and then the market fell first. The daily low reached the 1.15009 position and then the market rose strongly. The daily high reached 1.15009. After reaching the position of 1.15506, it fell back. The daily line finally closed at the position of 1.15207. After that, the daily line closed in the form of an inverted hammer with a long upper shadow line. After such a form ended, the daily line double Inverted hammer head, today's market is back to short. In terms of points, last week's short position at 1.16050 and yesterday's short position at 1.15950 were reduced, and the stop loss was followed up at 1.15800. Yesterday's short position was at 1.15500. Short exit in early trading, today 1.15500 is still short, stop loss is 1.15700, the target below is 1.15200, 1.15000 and 1.14800.

The U.S. crude oil market first fell back after opening at 58.2 yesterday. The daily low reached 57.5 and then the market rose strongly. The daily high touched 59.16 and then consolidated. The daily line finally closed. After the line is at 59, the weekly line closes with a big positive line with a long lower shadow. After the end of this form, the sun is rising and the sun is falling. Today, 58.4 is more than 57.9, and the stop loss is 57.9. The target is 59 and 59.5-60.

The Nasdaq opened higher yesterday at 24457. After that, the market first fell back to cover the gap and reached a daily low of 24285.76. Then the market rose strongly. The daily line reached a maximum of 24922.96 and then consolidated. After the daily line finally closed at 24890.18, the daily line closed with a big positive line with a long lower shadow. After such a form ended , Today's retracement continues. In terms of points, the stop loss is 24690 for today's 24650, the target is 24800 and 24900, and the breakout is 25000 and 25100.
Fundamentals, yesterday's fundamentals showed that the probability of the Fed cutting interest rates in December rose to 80%, the Nasdaq rose 2.6%, international crude oil rose more than 1.5%, gold rose to 4130 US dollars, and silver rose nearly 3%. Federal Reserve official Le said he was worried about the labor market and advocated cutting interest rates in December. There is a view that the Federal Reserve should wait for the non-farm payrolls release and postpone the December interest rate meeting. Daly expressed support for a December rate cut, citing the fragility of the labor market. Today's fundamentals focus on the monthly US retail sales rate in September and the annual US PPI rate in September at 21:30. Then look at the monthly rate of the US FHFA house price index at 22:00 and the US September S&P/CS 20 large cities have not seasonally adjusted the annual rate of house price index. Later, we will look at the monthly rate of U.S. xmniubi.commercial inventories in August at 23:00, the monthly rate of the U.S. existing home contracted sales index in October, the U.S. Conference Board Consumer Confidence Index in November, and the U.S. Richmond Fed Manufacturing Index in November.
In terms of operation, gold: 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. After reducing positions, the stop loss will be followed up and held at 3750. Today, it will first fall back to 4105 and be conservative and stop loss 4102 and 4097. The target will be 4125 and 4140 and 4152 and 4160 and 4170. If the position is broken, the 4180-4190 triangle will be used to consolidate the pressure on the upper track.
Silver: The longs of 37.8 and 38.8 below are followed up and held at 42. Today, the longs of 50.75 and the stop loss are 50.55. The targets are 51.3, 51.6 and 52.
Europe and the United States: The shorts of 1.16050 last week and yesterday The short positions at 1.15950 on the day were reduced and the stop loss was followed up at 1.15800. The short positions at 1.15500 yesterday left the market in early trading. Today, the short positions at 1.15500 are still short and the stop loss is 1.15700. The lower targets are 1.15200, 1.15000 and 1.14. 800.
U.S. crude oil: Stop loss at 58.4 today, stop loss at 57.9, target 59 and 59.5-60.
Nasdaq: Stop loss at 24,690 at 24,650 today, target 24,800 and 24,900, target 2 5000 and 25100.
The above content is all about "[XM Foreign Exchange Decision Analysis]: Expectations of interest rate cuts push the sun, gold and silver bullish on track". It is carefully xmniubi.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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