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The weekly inverted hammer makes the range, gold and silver go short first when they rise.
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Hello everyone, today XM Forex will bring you "[XM Group]: Weekly inverted hammer to make range, gold and silver rallied first and went short". Hope this helps you! The original content is as follows:

Last week, the gold market opened at 4002.2 at the beginning of the week, then the market retreated slightly to 3396.9, and then the market fluctuated strongly and rose. After the weekly highest position of 4246, the market surged higher and then fell back. After the weekly line finally closed at 4085.1, the weekly line closed in the form of an inverted hammer with a long upper shadow line. After the xm217.completion of this form, there is technical pressure on the weekly line. On the position, the long of 3325 and 3322 below and the long of 3368-3370 last week are xm217.combined with the long of 3377 and 3385 and the long of 3563. After reducing the position, the stop loss is followed up and held at 3750. Today's trend The market is short at 4132, conservatively short at 4135 and stop loss at 4140. The targets are 4100 and 4085, 4060 and 4033, and the position is broken at 4020 and 4005.

After the silver market opened at 48.227 last week, the market first fell back. The weekly minimum was at 47.872, and then the market rose strongly. The weekly high hit 54.406, and then the market surged higher and fell back. The weekly line finally closed at 50.544. , the weekly line closed with an inverted hammer-like shape with a long upper shadow line. After such a shape ended, the longs of 37.8 and the longs of 38.8 below followed up and held at 42. Today, 51.6 is short and the stop loss is 51.85. The target is 51 and 50.6, 50.2 and 50, and the break position is 49.8-49.6.

European and American markets first fell back after opening at 1.15558 last week. After the weekly minimum reached 1.15397, the market fluctuated strongly and rose. The weekly maximum touched 1.16567 and then the market consolidated. The weekly line finally closed at 1. After the position of .16211, the weekly line closes with a big positive line with the upper shadow line longer than the lower shadow line. After the end of this form, 1.16400 is short today, stop loss is 1.16600, and the lower target is 1.16000 and 1.15800-1.15650, which is more ready to leave.

The U.S. crude oil market opened at 60.02 last week. After that, the market first rose to a position of 61.39, and then the market fluctuated strongly and fell back. The weekly minimum reached a position of 58.15, and then rose strongly in the late trading, and the weekly line finally closed. After reaching the position of 59.93, the weekly line closed in the form of a long-legged cross star with the upper and lower shadow lines of equal length. After the xm217.completion of this form, today's 59.1 long stop loss is 58.6, and the target is 60 and 60.5-61.

The Nasdaq opened higher last week at the position of 25266. After the market closed the gap and reached the position of 25148.93, the market rose strongly. The weekly highest touched the position of 25730.74, and then the market fell strongly in late trading, and the weekly lowest reached the position of 24521. It rose in late trading and the weekly line finally closed at 25047.23. The weekly line closed in the shape of a spindle with the same length as the upper shadow line. After such a shape ended, the stop loss was 24640 over 24700 this week, and the targets were 24900 and 25000, 25100 and 25200.
Fundamentals, last week's fundamentals gradually dissipated as the sense of relief brought by the end of the historic U.S. government shutdown, coupled with a large amount of economic data about to sweep the market and concerns about whether the Federal Reserve can successfully cut interest rates in December, Wall Street's cautious sentiment prevailed this week. Amid the global sell-off triggered by the Federal Reserve's hawkish signal, U.S. stocks also fell sharply during the session, and popular sectors favored by momentum traders such as artificial intelligence fluctuated. The S&P 500 ended little changed on Friday after briefly recovering from a 1.4% loss. Nvidia shares rose ahead of earnings release. On the evening of November 12, local time, the President of the United States signed a temporary federal funding bill, ending the 43-day longest government shutdown in U.S. history. After the shutdown ended, economic data releases continued to be mired in confusion. On Friday, according to an announcement from the U.S. Department of xm217.commerce, the revised GDP value for the third quarter will be announced at 21:30 on November 26. Personal income and expenditure in October will be announced at 21:30 on November 26.and PCE index will be released at 23:00 that day. The U.S. Bureau of Labor Statistics (BLS) said it will release the September non-farm employment report at 21:30 next Thursday, and September actual wages and other data will be released on November 21. But it is uncertain whether October CPI data can be released. This week's fundamentals will resume due to the end of the government shutdown in the United States, and the main focus will be on the November New York Fed Manufacturing Index at 21:30 on Monday. On Tuesday, focus on the U.S. October import price index monthly rate at 21:30, and then look at the U.S. October industrial output monthly rate at 22:15. Later, look at the US November NAHB housing market index at 23:00. On Wednesday, focus on the final annual CPI value for the Eurozone in October at 18:00. Later, we will look at the annualized total number of new housing starts in the United States in October and the total number of building permits in the United States at 21:30. Later, look at the EIA crude oil inventories in the United States for the week to November 14 at 23:30, the EIA Cushing, Oklahoma crude oil inventories in the United States for the week to November 14, and the EIA Strategic Petroleum Reserve inventories in the United States for the week until November 14. Later, we will look at the number of initial jobless claims in the United States at 21:30 for the week to November 15 and the Philadelphia Fed Manufacturing Index in November. Later, we will look at the annualized total of existing home sales in the United States in October and the monthly rate of the Conference Board's leading indicator in October at 23:00. Pay attention to European Central Bank President Christine Lagarde's speech at 16:30 on Friday. During the U.S. trading session, look at the preliminary S&P Global Manufacturing PMI value for November in the United States and the preliminary S&P Global Services PMI value for November at 22:45 in the U.S. session. Later, look at the final value of the University of Michigan Consumer Confidence Index in the United States at 23:00 and the final value of the one-year inflation rate expectation in the United States 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 will be followed up with stop loss at 375 after reducing positions. 0 holds, today’s market is 4132 short, conservatively short 4135, stop loss 4140, target 4100 and 4085, 4060 and 4033, break the position and see 4020 and 4005.
< p>Silver: The longs of 37.8 and the longs of 38.8 below follow up and hold at 42. Today, 51.6 is short and the stop loss is 51.85. The target is 51 and 50.6, 50.2 and 50, and the break position is 49.8- 49.6.Europe and the United States: Today, 1.16400 is short, stop loss is 1.16600, and the lower target is 1.16000 and 1.15800-1.15650, ready to leave the market.
U.S. crude oil: Today, 59.1 is more than 58.6, the target is 60 and 60.5-61.
Nasdaq: 24,700 is more than 24,640 this week, and the target is 24,900, 25,000, 25,100, and 25,200.
The above content is all about "[XM Group]: Weekly inverse hammer makes range, gold and silver go short first on rallies". It is carefully xm217.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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