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Gold continues to rise in Asia and Europe today, and will rise again tonight
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market xmtraders.commentary]: Gold continues to rise in Asia and Europe today, and there will be a second rise tonight." Hope this helps you! The original content is as follows:
Zheng's Dim Silver: Gold continued to rise in Asia and Europe today, and there will be a second rise tonight
Reviewing yesterday's market trends and technical points:
First, gold: Stable overnight 4007 bottomed out and closed up. Yesterday, relying on the 618 division position 4023 that rebounded before the close, it first rebounded bullishly and successfully gained 10 meters; then the Asian market repeatedly surged back. fell, and the pressure high point was basically the 618 dividing resistance of the previous wave of decline, showing a shock and a slow downward trend, but the short-term macd is an obvious and serious bottom divergence. If it breaks a new low, it will aggravate the divergence. Therefore, it was emphasized during the day that this trend can easily lead to an oversold rebound. At the same time, Zhou's video pointed out that the vicinity of the lower rail of the 4000 first-line channel is the key to the convergence triangle. If it touches it, try to be bullish. It has been outside for the past two days and there is no time to watch the market during the day. , and it is impossible to draw a channel chart in real time. In the end, the trend of 4023-4007 just stabilized and the derived support point 3997 stabilized and bottomed out, starting an oversold rebound. The 4000 mark was just an illusion; the European market pulled higher. , the U.S. market is at least not weak. With the help of the top and bottom support of 4050, it continues to be bullish and successfully reaches 4070-72. The upper track of the short-term channel here also faked a break through to 4081 for the first time. In the volatile market, it It is easy to create the illusion of position breaking on the upper and lower rails of the channel, and once the defensive zone is small, it is easy to be accidentally injured;
Second, in terms of silver: Zhou Video pointed out that as long as you hold the 49.35 line, you can try to rely on 49.7 to see The daily line has risen in the fifth round. Although there are some false piercings in the short term, the overall direction is correct. It has indeed ushered in a wave of continuous rise and has held on to 49.35;
Today's market analysis and interpretation:

First, the gold daily level: Yesterday, it closed at a good bottom-turning K, and the low point also held the lower track of the small convergence triangle in the chart. Then in the next few days, we will test the upper track (correspond to it here, because it is a variable as time goes on), or at least test 4245-399 7 The 618 division that has fallen in the past few days is about 4150;
Second, the golden 4-hour level: the middle track has been on the positive line, and the golden cross under the macd zero axis has increased the red column, which shows that this wave of rebound is not over yet, and it is bullish to continue upward;

Third, the golden hourly line level: Judging from the channel distribution in the above chart, it has broken through and stood on the upper track of the white channel before closing overnight, and the weak pattern has ended. This morning, it stepped back to confirm that the upper track support is about 4060, and it also made a small piercing illusion, with a minimum of 4055.5. After stabilizing the rise, It fluctuates all the way up, and every time it is a big positive, it is followed by a concussive retreat, and then stabilizes and continues to move out of the positive. It can be found that the low point of each rebound is the 618 division of the previous wave, 4060, and 4078, so they are all bullish points, and the technical trend is relatively standard; the European market has broken through the high, and there will be a second rise tonight. , the last wave of retracement of 618 is divided into 4095-94, which can also correspond to the lower track of the yellow channel, and it continues to be bullish (of course, it may not be retracement, which only means that its rebound strength has strengthened). The resistance first pays attention to 4120-21, followed by 4150, these two positions are 4244-3997 The 50 and 618 dividing points are particularly focused on 4150, which is also the upper track of the red channel in the early stage. The first time it touches it, there should be some pressure to fall back. After all, it is a period of shock; but if it breaks through on the second test and the third test, it is expected to point to the upper track of the daily convergence triangle, close to the 4200-4190 range;

Silver: First of all, at the daily level, it still tends to rise in some standard five waves. The high point of 49.35 in the first wave has slightly penetrated a few, but it does not affect the overall force effect; according to the height of the fifth wave, it can point to the 54.8 line, that is, it will break through the previous high of 54.45 and then rush higher and fall back, making a high position and a wide range. and silver will be stronger than gold as a whole this year, so you may find that gold’s correction is weak, and silver is still in a strong stage; from the hourly line of the above chart, it is also around the yellow upward channel, and the lower track support corresponds to the 51.4 line, which will also be the upper track of the middle track. If it stabilizes here, there will be a second pull-up, and the resistance target will focus on 52.5 (54.38-49.34)618), and it is normal for 618 to suppress during the shock, so you will find that silver performs ahead of gold, and gold can refer to silver; then if it breaks through 52.5, there is a red upper rail above 52.8-53. If it breaks through here, the daily line will basically reach the previous high;
Crude oil: It is still running in the channel, with resistance at 60 and support at 57.5, with up and down fluctuations;
The above are several views of the author's technical analysis. As a reference, it is also a summary of the technical experience accumulated by monitoring and reviewing the market for more than 12 hours a day over the past 12 years. Technical points will be disclosed every day. With text and video interpretation, friends who want to learn can xmtraders.compare and refer to the actual trend; those who agree with the idea can refer to the operation, take good defense, and risk control first; those who do not agree can just ignore it; thank you all for your support and attention;
[The opinions in the article are for reference only, investment is risky, and you need to be cautious when entering the market Be cautious, operate rationally, strictly set losses, control positions, risk control first, be responsible for profits and losses]
Writer: Zheng Shi Dian Yin
Read and study the market for more than 12 hours a day, insist on ten years, detailed technical interpretations are made public on the entire network, and serve with sincerity, dedication, sincerity, perseverance, and wholehearted service to the end! Write xmtraders.comments on major financial websites! Proficient in the K-line rule, channel rule, time rule, moving average rule, segmentation rule, top-bottom rule; student cooperation registration hotline - WeChat: zdf289984986
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