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After gold was sorted out, it rose strongly again with one side. We will continue to watch the second pull-up tonight
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: After gold is consolidated, it will rise strongly with one side again. Let's continue to watch the second pull-up tonight." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: After gold is sorted out, it will rise strongly again with one side. We will continue to watch the second pull-up tonight.
Review yesterday's market trend and technical points:
First, gold: Yesterday's research report pointed out that gold's high-level sideways consolidation is also a kind of correction. Once it is finished, it will continue to rise strongly. It is also predicted that at least there will be a wave of pull-ups; unfortunately, yesterday The narrow range fluctuated for one day, and I didn't insist on holding the bullish band given yesterday. Before the final break, I chose to adjust my position. I didn't give it to the position at a low level. As a result, I saw a sharp rise as expected today, and my legs were swollen, which was also a past trend;
Second, silver: Yesterday's plan was to continue bullish, with a low of 32.1, and no chance of entry was given;
Interpretation of today's market trend:
First, Golden Day Line level: After two-day highs, it has been running above the MA5-day moving average. It is a strong consolidation, time exchanges space, and through consolidation, consumes the momentum of short-term macd decline, and then brews new upward momentum; today xmtraders.comes directly, the recent Asian trading buying power is very strong, and there are many times when they pull directly in the morning; although they did not insist on holding the 3222 band bullish last night, many friends still seized the sharp rise this morning , it is also a kind of xmtraders.comfort; the direction is very important. Even if the entry position is not good, you can still get good profits if you keep waiting. This is also the charm of the bullish trend. This year, it is impossible to change the trend. If there is a pullback, squats or sideways consolidation, which is a bullish opportunity; then once the big positive K closes today, the 3245 top and bottom support will continue to be bullish. As for the height, the third derivative wave of the monthly line is calculated at the 3444 line by 2 times.It is also the goal of the next stage; since the unilateral trend started this year from 2735, it has been bullish in N bands, and the phased targets have all been achieved from 2933 to 2972 to 3094 and then to 3160, and the targets are still being revised, and the next one is 3444;
Second, gold 4-hour level: As a strong unilateral rise, I will pay attention to the MA5-day moving average support above 3278 to continue to be bullish;
Third, golden hourly line level: open directly in the morning and attack hard all the way, effectively breaking through in the afternoon and standing on the upper track of the key blue channel above, which was also under pressure four times in the early stage. This time, it finally broke up. The retracement confirms that it follows the strong bullish opportunity. The K at 13 o'clock gives this opportunity; then the European session continues to push up the positive trend, and the US session will have a second pull-up tonight. At this time, the retracement is to lure short before the US session. Pay attention. The 3288 line is close to the MA 10-day support, the low point of the European session's sharp drop; the strong support is the blue channel upper track falls back to the confirmation point of the confirmation point of the 3278 line, and it is not visible yet. xmtraders.combined with the 3266-3317 split, the resonance of these two support can be found; therefore, tonight, 3288 and 3278 stabilize and continue to be bullish, target 3317, break through and look at the 3329 line;
Silver: It also broke strongly, and continued to trade sideways for two days. The 32.4 line became the key top and bottom support. There is also a day-to-day retracement 618 segment support 32.6. Tonight, we pay attention to the two stabilizations and continue to bullish, with resistance targets of 33.15 and 33.5;
Crude oil: It has not fluctuated much in the past few days, and it is basically still running sideways. The resistance is still the reverse pressure line 62 in the chart, supporting 58.8; if it is still under pressure 62 tonight, then how will the European market fall back if it is slammed back;
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 more than 12 hours a day in the past twelve years. Technical points will be disclosed every day, and the interpretation of text and videos will be interpreted. Friends who want to learn will be concluded. You can xmtraders.compare and refer to the actual trend; those who recognize ideas can refer to the operation, lead the defense well, risk control first; those who do not recognize them should just be over; thank you for your support and attention;
【The views of the article are for reference only, investment is risky, and you need to be cautious when entering the market, rationally, strictly set losses, control positions, risk control first, and you will be responsible for your own profits and losses]
Contributor: Zheng's Dianyin
A study on the market for more than 12 hours a day, persist for ten years, detailed technical interpretation is made public on the entire network, with sincerity, serve with sincerity, perseverance and wholeheartedly! 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
The above content is about "[XM Foreign Exchange Market Analysis]: After gold is sorted, it will rise unilaterally again. Continue to watch the second pull-up tonight". It is carefully xmtraders.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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