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The golden step-by-step rises, and we are expected to stand firm tonight and make further efforts
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: The gold step-by-step rises, and it is expected to stand firm and make further efforts tonight." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Gold gradually rose in a step-by-step manner, and it is expected to stand firm at 3400 tonight to make further efforts
Review yesterday's market trend and technical points:
First, gold: Yesterday's Asian session bottomed out and rose, and the European session continued to rise at 3397-98. In response to the bullish 3360 and yesterday's morning 3378, all of them stopped profit at 3396; then a rapid decline occurred, because the sharp drop in the pull-up stage often has poor continuity, so relying on the 618 segment support to continue to try to bullish, but unfortunately it just pierced 3373; before the US market, 3373 took back the bullish again, and successfully reached 3403 to fully stop profit at 3403 this morning;
Second, silver: yesterday's upward channel remained intact, The road-step-like pull-up broke through high, and finally reached the 38.3 first-line target and broke up;
Today's market analysis and interpretation:
First, gold daily line level: Yesterday, the 5 moving average was still stable as scheduled and further fluctuated upward. Today's moving average support moved upward by 3380-81, which is also one of the reasons why the continued bullishness on 3380 in the morning, and it further conforms to the predictions. The impact tests the old convergence triangle upper track 3406-07 first line; therefore, tonight, it is actually to defend the 5 moving average and continue to maintain bullishness. Once it breaks through the 3500-3452 trend pressure line, it will test the 3452-3438 pressure line, which corresponds to the resistance of about 3432-33 first line; in addition, the reverse pressure point of the weekly channel is 3460-3470, which may not be enough in time. According to this momentum, it is likely to stand firm tonight.3400 mark, then it will be sooner or later to impact these two resistance levels;
Second, gold 4-hour level: this cycle still focuses on the middle track, hold this position, and continue to maintain a strong bullish pull-up;
Third, the golden hourly line level: the overnight continued to rise and close at a relatively high level. The inertia rose to the 3409 line first in the morning. In response to the bullish 3373 given in the research report last night, it successfully reached the 3406-07 target; because it was still in a period of fluctuation, it was pulled up early, and it encountered the reverse pressure point of the trend line in the chart that had been mentioned in the previous few days, so it was normal to surge and fall; but the decline remained bullish, approaching 3380-81, which is a good time. The daily 5-day moving average support is also in line with the trend rules of these days. The low point gradually moved up. 3350-3360-3370-3380 are all prompts for daily viewing. The rising points are basically lower intraday levels on the day; then at the moment, we should pay attention to the gains and losses of the red trend line counterpressure point in the chart, that is, 3404-05. Once the breakthrough is effectively, it also means that we will stand firm at the 3400 mark. If the European session continues to rise strongly, the US session will inevitably have a second pull up, so it will not be a big problem to point to 3420 and 3430; on the contrary, the pressure on 3404-05 has not been raised, so we should not rush to take action at the moment, and we can wait for the lower ones above 3385 to continue to be bullish when the lows are low. At present, the current Feng Shuished is basically confirmed to be around 3380. As long as we keep this defense, it is bullish or a strong breakthrough and rise, and we can also follow the bullish;
Silver: This morning, it was also smoothly close to the lower track of the channel in the chart, indicating that it will continue to be bullish, and it will be smoothly lifted to the 38.5 line again, approaching the overnight high; therefore, the Feng Shui Mountain is also clear, that is, the 38 mark, as long as it keeps this position and does not break, it will be bullish; or if the European session strengthens and breaks through 38.5 and rises, the US market will continue for the second time, and then moves up by 38.2-38.3% to continue to be bullish at this position, and the resistance target will be focused on 38.7-38.8; the daily line is stable at the middle track, and the market will gradually rise in the future, return to the short-term strength, pointing to the 39.5 and 40 marks, etc.;
In terms of crude oil: daily-level crude oil has been negative for six consecutive times and has lost the 66-day moving average, it will become a counter-pressure, so the pressure below 65.5 is still there, and it will continue to look down when the pressure is high, and the next key position may point to the 60 mark again; however, short-term macd always has a bottom divergence state, or an oversold rebound will occur at any time, but the premise is at least to break through the upper track of the downward channel 64.8 in the upper track of the above chart; therefore, before breaking through this channel, the rebound will remain bearish;
The above are several points of the author's technical analysis. As a reference, it is also the summary of the technical experience accumulated by the market watching and reviewing for more than 12 hours a day in the past twelve years. Technical points are disclosed every day, and they are interpreted in words and videos. Friends who want to learn can eouu.cnpare and refer to them based on actual trends; those who recognize ideas can refer to operations, lead defense well, and risk control first; those who do not agree should just be drifted by; thank everyone for their support and attention;
[The views of the article are for reference only. Investment is risky. You must be cautious, rationally operate, strictly set losses, control positions, risk control first, and bear the profit and loss]
Contributor: Zheng's Dianyin
After reading and research on markets for more than 12 hours a day, persisting for ten years, detailed technical interpretations are made public on the entire network, and serve the wholeheartedly, with sincerity, sincerity, perseverance and wholeheartedly! 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
The above content is about "[XM Foreign Exchange Decision Analysis]: The gold step-by-step rises, and I am expected to stand firm and make further efforts tonight". It is carefully eouu.cnpiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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