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market analysis
The daily sun is about to break through, and gold and silver retreat to the low level.
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: The daily sun is about to break through, and gold and silver retreat to the lows." Hope this helps you! The original content is as follows:

Yesterday, the gold market opened at 3931.4 in early trading, and then the market fell back first. The daily low reached 3913.8, and then the market fluctuated strongly and rose, with the daily high reaching 3913.8. After reaching the position of 4027.6, the daily line finally closed at the position of 4024.4. The daily line closed with a big positive line with a slightly longer lower shadow. After finishing in this form, today's market is bullish. Demand, in terms of points, 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 followed up with stop loss at 3750 after reducing positions. Today, If the day falls back more than 4000 and the stop loss is 3994, the target is 4025 and 4030 pressure. If the position is broken, look at 4040 and 4052, 4062 and 4071.

The silver market opened at a low of 47.3 yesterday and then the market fell first. The daily low reached a position of 46.848 and then the market rose strongly. The daily high reached a position of 48.97. After finishing, the daily line finally closed at 48.889, and the daily line closed with a big positive line with a long lower shadow. After the xmh100.completion of this form, the longs of 37.8 and 38.8 below followed up and were held at 42. Today, 48.1 is long, stop loss is 47.8, target is 48.6 and 49, break position is 49.5 and 50.

After the European and American markets opened at 1.16003 yesterday, the market first rose. After the daily line reached the highest position of 1.16376, the market fell back strongly under pressure. The daily lowest line reached the position of 1.15460 and then consolidated. After the daily line finally closed at 1.15644, the daily line closed at 1.15644. A big negative line with a very long upper shadow line closed. After the end of this pattern, yesterday's short position at 1.16300 was reduced and the stop loss was followed up at 1.16200. Today's short position at 1.16000 is 1.16200. The target is 1.15400, 1.15100 and 1.14800.

The U.S. crude oil market opened at 60.61 yesterday, and then the market fluctuated and fell back. The daily minimum reached 59.88, and then the market rose rapidly. The daily maximum touched 61.05, and then fell back in late trading. The daily maximum After finally closing at 60.54, the daily line closed in the form of a long-legged cross star. After finishing in this form, if it falls back more than 60 and stops at 59.5 today, the target is 61.1, 61.6 and 62.

After the Nasdaq opened at 26057.46 yesterday, the market first rose. The daily high hit the 26260.81 position and then the market fluctuated strongly and fell back. The daily low reached the 25706.71 position and then rose in late trading. After the daily line finally closed at 26002.23, the daily line has a long lower shadow. The long-legged cross star pattern on the upper shadow line closed. After the end of this pattern, today it first fell back to 25800 and stopped loss 25750. The target is 26050, and the breakout point is 26150 and 26200-26260.
Fundamentals, yesterday's fundamentals U.S. Treasury Secretary Bessent: expressed appreciation for the Fed's interest rate cut, but was not satisfied with the wording. The leaders of China and the United States made progress in their meetings and agreed to maintain regular exchanges. Therefore, the Chinese Ministry of xmh100.commerce: The United States will cancel the 10% so-called "fentanyl tariff" imposed on Chinese goods, and the 24% reciprocal tariff imposed on Chinese goods will continue to be suspended for one year. China will adjust its countermeasures against the above-mentioned US tariffs accordingly. Both sides agreed to continue extending some tariff exclusion measures. The United States will suspend the implementation of the 50% penetration rule on export controls announced on September 29 for one year. China will suspend the implementation of relevant export control and other measures announced on October 9 for one year, and will study and refine specific plans. The United States will suspend the implementation of its Section 301 investigation measures into China’s maritime, logistics and shipbuilding industries for one year. After the United States suspends the implementation of relevant measures, China will correspondingly suspend the implementation of countermeasures against the United States for one year. China and the United States discuss drug ban on fentanylConsensus has been reached on issues such as cooperation, expanding trade in agricultural products, and handling individual cases of relevant xmh100.companies. China will work with the United States to properly resolve TikTok-related issues. And this is also equivalent to a one-year truce agreement. As for what will happen after one year, it will depend on the ability of both parties to repair their own shortcomings. We will talk about it one year later. Today's fundamentals focus on the quarterly rate of the U.S. labor cost index for the third quarter at 20:30, and then look at the U.S. October Chicago PMI at 21:45. The annual rate of the U.S. core PCE price index in September will be released that day.
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 the position, the stop loss will be followed up and held at 3750. If it falls back to 40 today The stop loss is 3994 for more than 00, and the target is 4025 and 4030 pressure. If the position is broken, look for 4040 and 4052, 4062 and 4071.
Silver: 37.8 longs below and 38.8 longs follow up and hold at 42. Today, 48.1 is long, stop loss is 47.8, the target is 48.6 and 49, and the break position is 49.5 and 50.
Europe and the United States: After yesterday's short position reduction at 1.16300, the stop loss is followed up at 1.16200. Today Short loss of 1.16200 on day 1.16000, target 1.15400, 1.15100 and 1.14800.
U.S. crude oil: If it falls back more than 60 today, stop loss 59.5, target Look at 61.1, 61.6 and 62.
The Nasdaq: today it will first fall back to 25800 and stop loss 25750. The target is 26050. If the position is broken, look at 26150 and 26200-26260.< /p>
The above content is all about "[XM Foreign Exchange Market Analysis]: The daily sun is about to break through, and gold and silver retreat to the lows". It is carefully xmh100.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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