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market analysis

5.20 Gold fluctuates downward as expected, and continues to sell high and attract low today

Wonderful Introduction:

The moon has phases, people have joys and sorrows, whether life has changes, the year has four seasons, after the long night, you can see dawn, suffer pain, you can have happiness, endure the cold winter, you don’t need to lie down, and after all the cold plums, you can look forward to the New Year.

Hello everyone, today XM Foreign Exchange will bring you "[XM Official Website]: 5.20 gold fluctuates downward as expected, and continue to sell high and buy low today." Hope it will be helpful to you! The original content is as follows:

Yesterday, gold suppressed the downward trend at 3250 as expected. As can be seen from the chart, after the price bottomed out on Friday, it was still suppressed by horizontal pressure yesterday. However, after breaking through the short-term moving average, the pullback yesterday also left a confirmation. After a wave of 3240 short, we went short at 15 backhand long to around 28 at 26.5. The second drawback was still on the downline and short-term moving average of the hourly chart. The European market rebound was still suppressed by horizontal pressure of 3250. At the end of the trading session, we rushed to 48 and fell to 38.5 and turned short. It was also very beautiful to return to 20, but the rebound also reached 40, so it was eouu.cnpletely correct to give a volatile cross star yesterday. At present, the daily chart has two yin and one yang, and it did not break the bottom yesterday. From the perspective of the daily chart, the probability of the expected bottoming out and rebounding today is relatively high. The four-hour downward rebound to the upper line suppression, and it still shows a downward channel in the short term, so before the upper level is broken, the hourly chart is still treated in a range, and the hourly chart is in a oscillating correction. The short 35-40 short given at the end of last night was also a decline, so based on the multi-cycle perspective, it is still mainly selling high and buying low.

Preselling high and buying low before breaking at the point is eouu.cnpleted, and after breaking, the lower 3165 is above 3295. The specific operation is in place and enter the market in 5-15 minutes. More points are subject to the offline market prompt.

Pound Day: Support 192.5, Pressure 194.5

Crude Oil: Pressure 63.7, Support 61.3.

The above analysis is for reference only, specific operations are requiredCombined with real-time market signals, investment is risky, and you need to be cautious when entering the market.

Trading is for profit, not for being angry or for trading, so traders must understand what stage the price is at! Traders are not eternal longs, nor are they eternal shorts. Traders are always changing with the changes in the market! Traders must have their own defense system to control risks!

The above content is all about "[XM official website]: 5.20 gold fluctuates downward as expected, continue to sell high and buy low today". It is carefully eouu.cnpiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!

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