Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- 【XM Market Review】--BTC/USD Forex Signal: Taking a Bearish Retracement Turn
- 【XM Market Review】--EUR/USD Forecast: Euro Drops on Tariff News
- 【XM Forex】--AUD/USD Forex Signal: Bullish Divergence Pattern Forms
- 【XM Decision Analysis】--USD/BRL Analysis: Stable Highs but Institutional Unease
- 【XM Decision Analysis】--GBP/USD Forecast: Continues to Respect an Important Supp
market analysis
Gold has repeatedly risen by 3,400 and has fallen back and corrected, waiting for stability
Wonderful introduction:
Optimism is the line of egrets that are straight up to the blue sky, optimism is the ten thousand white sails beside the sunken boat, optimism is the lush grass that blows with the wind on the head of the parrot island, optimism is the falling red spots that turn into spring mud to protect the flowers.
Hello everyone, today XM Foreign Exchange will bring you "[XM Official Website]: Gold has repeatedly risen by 3,400 and has fallen back and corrected, waiting for stability." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Gold has repeatedly risen by 3,400 and has fallen back and corrected, waiting for the stabilization
What happened today is, and the research report has been delayed a little, forgive me!
Review the market trend and technical points that appeared last Friday:
First, in terms of gold: Last Friday, the overall fluctuated back and forth around the 20-meter range of 3380-3400; in the morning, relying on the daily 5 moving average to support 3380 and continued to be bullish, and successfully reached 3400 to close the meter above 3400; the European market had been resisting the decline, and repeatedly tested the 3400 mark, and then moved up to 3390 to continue to bullish, and finally held 3380 and tried again to close the 3400 meters; the US market repeatedly stepped back to stabilize at 3380, and gave 3386 for the third time to follow the bullish, and reached 3400 meters again; this range sideways, in fact, both long and short-term trading can be grasped, as long as the position is not stuck in the middle, there is no big problem in the short term;
Second, On the silver side: last Friday, relying on the 38 support of the short-term channel lower track, it continued to be bullish, and it also successfully reached the 38.5 line;
Third, on the crude oil side: originally planned to continue to suppress the 64.8 line of the short-term channel upper track, but the price was slightly worse;
Interpretation of today's market analysis:
First, gold daily line level: last week, fluctuated slowly upward, continuing the continued pullback after the 3267 stabilized; last Friday closed at a long lower shadow cross K, followed closely after the full mid-yang K, which was also a kind of retracement confirmation after the sideways pressure level broke through Monday to Wednesday, and it still maintained above the 5 moving average; although it still suppressed the old convergence triangle upper track 3404, from the short-term trend pattern, it was originally inclined to continue to break the upper wave at the beginning of this week to test the newConverge the upper track of the triangle, and then perform a fall and consolidation to repair the short-term macd indicator to near or below the zero axis; but today it chose to suppress the downward wave first. When it cannot defend the 5 moving average of 3385, or even breaks the low point on Friday, it means that the macd indicator should be repaired in the short term. However, this is also beneficial. After repairing the indicator and stabilizing the upward attack, it will have great efforts to break through and stand firm at the 3400 mark; at present, it is always under the convergence triangle. The track support 3365 is lost, so pay attention to the gains and losses of the 10 moving average 3350 line below, and see the closing pattern. If the late trading rises, stand firm in the 10 moving average, and return to the above 3365, then tomorrow the 5 moving average gains and losses will be played, because you have to stand again on the 5th day before you can re-enter the short-term strong pattern; if you can't even hold the 10 moving average, then you may expand and adjust downward, and then you have to struggle for a while, and wait for the future market to stabilize and then go all the way. Attack, the low point before 3267 will basically not break down again. This is close to the four-month consolidation period, the low point will still gradually move upward, and in the end it will still be believed to break upward, end the oscillation and consolidation correction, and return to the bull market trend; therefore, it is just waiting for the remaining consolidation time;
Second, the gold 4-hour level: hourly line, 2-hour line macd has basically been repaired, and they have all entered the zero axis; and this 4-hour The cycle is still a little short. It is expected that after the 22-point closing line, it will approach the zero axis. By then, when it is repaired, the short-term indicator will be eouu.cnpleted and the downward movement energy is the time to start up movement energy, and it is also a preparation for a new round of pull-up. The middle track 3279-3280 will become an important short-term counter-pressure, and the cycle will become stronger only if it returns to the middle track. The support is currently the 66-day resonance point 3346-47 line;
Third, the golden hourly line level: the Asian session rises and falls, loses the upper track of the green channel in the chart, and also loses the horizontal support of 3380 last Friday, and then a downward pullback is launched, and it is currently reaching the lower track of 3350 channel; however, since the entire European session trend is weak, there may be secondary pressure, you must first observe and wait for the time node; generally, the secondary pressure process will be eouu.cnpleted before 22 o'clock. If you still hold 3350 after 22 o'clock, or just pierce and then pull back above 3350, or within the green channel, consider looking at it on dips. Stable rebound; or break through the 10 moving average and 3365, which is also a drop in the European session. It will also tend to look at the rebound and pull up. Test the 3379-3380 middle track. Only when the above situation is broken through, can we directly continue the upward attack; on the contrary, there is no such situation. Try to watch more dramas before 22 o'clock, and it is not easy to chase down the decline. This way of slow down will be waiting for the rebound in the afternoon to confirm the rebound of the 3390 channel. It will not be up, so there is basically no chance, so now we are patiently waiting for the stabilization signal and wait for the time node;
Silver: Tonight, focus on the two positions of 38 and 37.6. Its decline is also a correction for the retracement after the rise last week, so wait for the stabilization; it remains above 37.6 around 22 points, and then it will be stable and rebound; or after breaking through to 38 again, it will follow the bullish position, not chase down, and there is not much room for it;
In terms of crude oil: Today, it has broken the upper track of the short-term channel. Under the severe bottom divergence of the short-term macd, it may launch an oversold rebound at any time; pay attention to the pressure of the daily 5 moving average 64.2, and the high of last Friday 64.5. Once it breaks through the station, it is the beginning of the rebound;
The above are several points of the author's technical analysis, as a reference, and it is also the technology accumulated by more than 12 hours a day for more than 12 hours a day. Summary of experience, technical points are disclosed every day, and text and video interpretations are interpreted. 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 recognize them should just be over; thank you for your support and attention;
[The article views are for reference only, investment is risky, and you need to be cautious when entering the market, operation is rational, strictly set losses, control positions, risk control first, and you are responsible for your own profits and losses]
< p> Contributor: Zheng’s DianyinAfter more than 12 hours a day, we have been studying for more than ten years, and have been interpreted in detail on the entire network, and serve the wholeheartedly, sincerely, persistently 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-bottom rules; student cooperation registration hotline - WeChat: zdf289984986
Above The content about "[XM official website]: Gold has repeatedly risen 3,400 stations and has fallen back and corrected, waiting for stability" is carefully eouu.cnpiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thank you for your support!
After doing something, there will always be experience and lessons. In order to facilitate future work, you must analyze, study, summarize, concentrate the experience and lessons of previous work, and raise it to the theoretical level to understand.
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here