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Gold fluctuates gradually upward, and it is bullish on 3370 tonight
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Hello everyone, today XM Forex will bring you "[XM official website]: Gold fluctuations are still gradually rising, and it is bullish tonight at 3370." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Gold fluctuates gradually upward, and it is bullish on 3370 tonight.
Review yesterday's market trend and technical points:
First, gold: Yesterday's trend was basically the same as the day before yesterday. It surged and fell in the morning. The European session fell weakly, and the US session stabilized, but V did not pull up and broke through highs in the evening. After 23 o'clock, it fell simultaneously with the US dollar. It was good to be bullish on the dip at 3360, and finally reached the 3396 target today;
Second, the upward channel fluctuated and rose all the way, and it is still good at present. The support of 37.6 yesterday was relatively in line with it, and it finally reached the 38.3 target today;
Third, yesterday, the Asian and European sessions rose continuously, giving a bullish bullish, with a high of 65.6, which was a little behind the target of 66.9, and forgot to reduce holdings. As a result, it was It's a pity to get out after breaking 65.4;
Today's market analysis and interpretation:
First, gold daily line level: Although it closed at a small negative yesterday, the closing still remained stable above the lower support of the old convergence triangle, and it was still above the 5 moving average. Today, the Asian session first directly relied on the 5 moving average and made a wave of upward force, with a maximum impact of 3398 line; the gains and losses of 5 moving average are still relatively important, and it is currently at the 3372 line, look at today's closing Can the market continue to stabilize this moving average? The upper rail pressure of the old convergence triangle moves down to the 3406 line, and the lower rail support moves up to the 3360 line. This is the upper and lower space range of the end of the operation, and you can wait for another breakthrough to guide the position; at the same time, pay attention to the fact that the old convergence triangle has punctured up and down from mid-July to the end of the month, so it is not ruled out that the future market will still appear again. If it is repeatedly connected to the upper or lower rail, then the old convergence triangle will not be used at all. ThenReplanning new channels, such as the pressure line connected by 3452-3438, may become the upper rail of the new convergence triangle;
Second, the golden 4-hour level: At this time, the middle rail moves upward by 3371-72, and the daily 5 moving average position is basically resonant. If this support is stabilized, it will still tend to develop upward tonight; and the previous K-line closed with a longer antenna, and there is indeed pressure at 3397 or close to the 3400 mark. It still needs to be repeatedly sorted out to digest the macd action energy. The basic repair of the hour line has been eouu.cnpleted. At present, the 2-hour is still a little short, and the next is 4-hour;
Third, gold hourly line level: it rose last night, but unfortunately it did not fully cycle the previous day's move, and did not break the new high at night; after the early morning, the US dollar fell slightly unilaterally, and gold also fluctuated and fell, synchronized; it was dragged to the 3365 line today (this position happened to be 618 of the overnight increase retracement), and a wave of force broke through the overnight high and also broke through the decline resistance line; after the afternoon retracement confirmed that the support was effective, the European session further rose to the high of 3397-98; and from the above figure, it can be seen that it is the purple trend line counterpress point, so for yesterday's bullish 3360 or 3374 today, it is notified that 3396 will be taken all; then a rapid sharp drop occurred, because The previous upward trend is good, and the sharp drop generally has poor continuity and is easy to reverse the situation. Choose 3371 to rise to 3397. This wave of retracement of 618 split position to try to stabilize and bullish again. As a result, it has a washout force that is too large than expected. eouu.cnpared with silver at that time, it also fell sharply, but it perfectly reversed and broke the new high;
Next, for tonight, we will still pay attention to the confirmation support point of the retracement of the yellow trend line and the confirmation support point of the upper track of the green channel in the early stage, about 3373-70. Continue to try bullish, and use the 3365 line in the morning as a feng shui hurdle. If it is lost, it needs to be re-planned and at least expand the range of oscillations; if it continues to hold on, it may also repeatedly test the intraday high;
Silver: Silver's trend is very beautiful today, and it was bullish on 37.6 yesterday. Not only did the first wave of the Asian and European sessions reach the 38.3 yellow trend counter-pression point target; European session suppression showed a sharp drop, and soon stabilized at the lower track of the white channel 37.9 again, and the counter-compensation continued to hit the intraday high; then while the Asian and European sessions continued to rise, there was a second rise tonight, and the 38-38.3 region stabilized and continued to be bullish. The low point of the sharp drop in the European session was a feng shui hurdle, and the upward resistance target was focused on 38.6-38.7;
OriginalIn terms of oil: Pay attention to the 65.8 line tonight, which is the reverse pressure point of the dual channel. If it is under pressure, it will rise and fall; once it breaks through the stand, it will be in a bottom divergence state, or stabilizes in the short term, and continues to rebound upward;
The above are several points of the author's technical analysis. As a reference, it is also a summary of the technical experience accumulated by the market for more than 12 hours a day in the past twelve years. Technical points will be disclosed every day, and text and video interpretations will be interpreted. Friends who want to learn can eouu.cnpare and reference based on the actual trend; recognize ideas You can refer to the operation, lead the defense well, risk control first; if you don’t agree, just pretend to be bye bye; thank you for your support and attention;
【The views of the article are for reference only, investment is risky, you need to be cautious when entering the market, operate rationally, set losses strictly, control positions, risk control first, and bear the profit and loss at your own risk]
Contributor: Zheng’s Dianyin
A study on the market for more than 12 hours a day, persist for ten years, and detailed technical interpretations are made public on the entire network, serving the whole network with sincerity, sincerity, perseverance and wholeheartedness! eouu.cnments written on major financial websites! Proficient in the K-line rules, channel rules, time rules, moving average rules, segmentation rules, and top and bottom rules; student cooperation registration hotline - WeChat: zdf289984986
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