Analysis of the Trend of Foreign Exchange Gold and Crude Oil on December 3rd
After the opening of the Asian market yesterday, the euro fluctuated downwards and fell below the first support during the trading session, easing its downward trend. The daily chart closed with a bearish candlestick in the lower shadow line. From the closing point, the short-term trend is slightly bearish. Combined with the 4H trend, the Bollinger Bands turned downwards, running near the MACD zero axis. The top resistance of the day is 1.0515, the second resistance is 1.0560-70, and the bottom support is 1.0420-30, 1.0365. It is expected to test the first support below the first resistance in the short term.
Yesterday, the pound rebounded to near the first resistance and fell under pressure. During the New York session, it fell back to the second support with slight fluctuations. The daily chart closed with a bearish candlestick in the lower shadow, and the upper resistance still exists. There are signs of continued downward trend in the short term. From the 4H perspective, the Bollinger Bands are below the middle limit, running near the MACD zero axis. The primary resistance is 1.2660-70, the second resistance is 1.2705, and the lower support is 1.2600 and 1.2550. The first resistance is expected to be tested in the short term before it recovers.
The US and Japan hit near the first resistance yesterday, rose and fell back, and then fell back to the second support at the end of the day, rebounding slightly. The daily chart closed at a cross star line, and the long short competition was relatively balanced. From the 4H perspective, the Bollinger Bands are below the middle limit, and the MACD zero axis is running below. The top resistance is 150.35, the second resistance is 150.95, and the bottom support is 149.20-30148.80. It is expected to retest the first support below the first resistance in the short term.
XAUUSD
Yesterday, gold'>gold rebounded to the second resistance and fell under pressure, but the space below was limited. The daily closing shadow was a small bearish line. From the close, the short-term long short competition has not yet ended, and the short-term cautious pursuit of gains and losses. Combined with the 4H trend, the Bollinger Bands have slightly flattened, running near the MACD zero axis. The top resistance of the day is 2645, the second resistance is 2656, and the bottom support is 26272616. Before the first resistance recovers, the short-term is expected to retest the first support.
Crude oil hit the first resistance yesterday and continued to decline, falling back to the first support and easing the downward trend. The daily chart closed at a cross star line. From a 4H perspective, the Bollinger Bands are below the middle limit, and the MACD zero axis is running below. The top resistance is 68.10-20, the second resistance is 68.80, and the bottom support is 67.20, 66.30-40. It is expected to test the first support in the short term below the first resistance.
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