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Gold continues to stand strong and stands firm on one side at 3900, and it is still bullish on 3916 tonight
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Hello everyone, today XM Forex will bring you "[XM Group]: Gold continues to stand strong and stand firm on 3900 unilaterally, and it is still bullish on 3916 tonight." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Gold continues to stand strong and stands firm on 3900 unilaterally, and is still bullish on 3916 tonight.
Review the market trend and technical points that appeared last Friday:
First, in terms of gold: It rebounded slightly in the morning of last Friday, under pressure on the middle track of the hourly line, closed at 9 o'clock, and xmtraders.combined with the overnight sharp drop, there are usually continuous declines on the second day. The offline shadow line covers, so first point out that 3858 follows the bearish decline and finally successfully reaches the target of 3837, which is also the 618 division point that rebounds from the overnight low; when the positive rises at 14 o'clock in the afternoon, approaches the middle track again, and silver breaks through the middle track and pulls up early, it means that 618 supports it. Once it breaks through and stands on the middle track, gold will also pull up. Therefore, after the 15-point continuous positive breakthrough, 3860 will follow and see. The rise finally reached the 3885 target, and then there was no big back move around 22 o'clock. Don't think about the trend cycle on Thursday night, but should continue to maintain a bullish rhythm;
Second, silver: two bottoming out in the morning last Friday, long lower shadow K, both of which were retracements to confirm that the lower track of the yellow channel in the chart stabilized, and broke through the hourly line in the afternoon and stood up again, and it was believed that the overnight decline was over and returned to a strong pull-up; therefore, 47.15 directly followed the bullish, and the US reached the 47.7 target before the market, and then the US continued to pull up and approached the upper track of the channel 48.36 line, a big V was very strong, which also indicates that silver is still in a strong stage in the short term;
Today's market analysis interpretation:
First, gold daily level: interpretation of weekly and monthly level can refer to the weekly video;In terms of line pattern, this round of unilateral pull-up from 3311 basically relies on the 5 moving average to pull-up all the way. The correction that occurred in the middle was only a single negative or high sideways. There has not been an excessively large pullback, and the performance is very strong. In this case, we must insist on keeping the trend of bullishness and continue to follow this wave of bulls. If there is a long upper shadow K and the closing is somewhat out of the 5 moving average, this pattern can be seen occasionally. When it hits the 5th day, the limit stabilizes on the 10th day, and continues to return to bullishness. This week may be tested near the 4000 mark soon; today we will directly attack from the 5 moving average, and it has risen close to 70 meters, which is very strong. 3900 has basically broken through and stood up. In the future, we must continue to bullishness around the above 3900;
Second, the golden hourly line level: the opening in the morning directly rushed and rose sharply, and the 3900-strike hit the 3920 line was under pressure, and the retracement wave reached 3899-straight again stabilized and pulled up to above 3940. Unfortunately, the top and bottom support of 3897-96 did not give the opportunity to continue bullish, slightly different from two or three meters; the afternoon under pressure was under pressure of 3945, stabilized and pulled up K, and continued to follow the bullish and successfully reached the 3950 line; the European session retracement touched the 10 moving average for the second time and stabilized and then came out of the long lower shadow and stabilized K again, but this time it did not continue to break the high, but lost the 10-day position downward. Although it fell, the process was not straightforward, because after it broke the previous long lower shadow low, it was easy to pull up repeatedly. Then go; so the overall situation is not weak, but it is just that the sideways fluctuation within a certain range of the high level is temporarily at a high level to buffer the momentum of the 70-meter pull-up during the day; since it has changed from short squeeze to oscillation, then divide it with the current high and low points. The 382 split position is 3924, the 50 split position is 3916, and the 618 split position limit is 3908. xmtraders.combined with the middle rail support 3916, it will move up here. Tonight, it will be able to stabilize near 3916 and try to be bullish. The limit is bullish. The resistance target will be bullish again at the high level of 3940-3950; if the price cannot fall to the low level and it will stand firm again at 3940, then consider going bullish in advance, and the resistance target is to look at the new high;
Silver: During the day, it broke through the upper track of the blue channel in the chart, but unfortunately it did not stand firm directly. It stepped back down and pierced the support of the middle track. At this time, the positive line rose again, so the support of the middle track is still effective. Pay attention to the 48 support tonight, and the lower limit is the daily 5 moving average 47.5-47.4 support. They all choose to stabilize and continue to be bullish. The resistance target will look at the high of 49.7 at the beginning of this week;
Crude oil: the gap opened high in the morning to pull up, but the European session did not continue to pull up, so we need to continue to observe tonight; from the channel distribution in the figure, the 61 line belongs to the resonance support point of the two channels, to see if it can keep stable above this position tonight, and then consider watching a wave of oversold rebound; if it cannot hold on to 61, then it must fill the gap, and then stabilize above 60 and wait for the stabilization pattern;
The above are several views of the author's technical analysis, as a reference, and it is also a summary of the technical experience accumulated by the market watching and reviewing for more than 12 hours a day in the past twelve years. The technical points will be disclosed every day, in line with the text and Video interpretation, friends who want to learn can xmtraders.compare and refer to the actual trends; those who recognize ideas can refer to the operation, lead the defense well, risk control first; those who do not agree should just be over; thank everyone for their support and attention;
[The article views are for reference only, investment is risky, and you need to be cautious when entering the market, operate cautiously, strictly set losses, 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! xmtraders.comments 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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