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Gold 3500 may be expected to be the short-term top, and a pullback will be launched, ;;
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Zheng's silver spot: Gold 3500 may be expected to be the short-term top, and a pullback will be launched.
Review yesterday's market trend and technical points:
First, in terms of gold: Yesterday, it was another strong short squeeze of $100, and it was crazy to raise the gold price. This technique that didn't have much of a big move is just a question of whether to dare to chase it directly; the research report gave 3 385 continues to be bullish on the top and bottom support, and the US market has relied on the second bullish on the previous and second bullish on 3415, and finally rose and rose; the 3310 band given last Thursday was bullish and finally reached the 3444 target, and it also hit 3500 today;
Second, silver: the world's attention is directed at gold prices, so silver will basically ignore it, with a small volatility, 32.65 was bullish yesterday, and it was also out 32.72 in advance.
Today's market analysis interpretation:
First, gold daily line level: After closing a full increase of 100 US dollars yesterday, it continued to rise to nearly 90 US dollars today. The daily line may not feel the flavor of acceleration, but judging from the trend pattern of the weekly line that has continued to be strong in the past three weeks and has an increase of more than 500 US dollars, it is a bit of accelerating and rushing to the top; although the overall bullish trend this year will not be affected at all, In the short term, some bulls may escape due to accelerated pull, that is, profit-taking orders, especially during the May Day holiday, which is often more likely to occur; in addition, yesterday's research report focused on interpreting the move of 2956 to 3500 in this round, which is very likely to cycle through the previous wave of 2832 to 3167, with the maximum pullback of 618 split position, which just confirms the previous top and bottom support of 3167 line; and also calculates from the wave shape, if 2832-3167 belongs to the first wave, 3167 to 2956 belongs to the second wave, and the third wave is calculated based on the first wave 1.618 times, which happens to be 3498, which is the daily high of 3500 today. Then the fourth pullback may be brewed in the future. Generally, the third wave is 382 or 50 segment, and it will not fall below the high point of the first wave 3167. Therefore, if 3500 can never break through again in the next few days, the pullback will focus on the 382 segment support 3292 and 50 segment support 3228. The limit is that it will not fall too far to 3167. These positions are also During the May Day holiday, wait for the opportunity for the band to be bullish again. Each squat adjustment is to further continue the bullish trend; pay attention to 3746 for the next phase of the pull-up;
Second, gold 4-hour level: the current MA5-day moving average support is barely supported for the time being, and the "twilight star" bearish pattern appears at the top, which requires the subsequent K-line pattern. If the continuous negative and the large negative continue to appear, then this cycle will begin to be under pressure. The MA10-day support 3428 and the middle track 3378-72 will be tested below;
Third, the golden hourly line level: the Asian session continues to rise sharply, but the European session suppresses the 3500 line and falls, temporarily supporting the middle track. The European session's inability to rise increases the risk of further downward adjustments tonight; once it effectively loses the middle track, it continues to fall, and finally you can gradually look at the 66-day moving average tonight, which is also the lower track of the white channel in the chart, about 3380 line; the short-term resistance 10 moving average, and the white channel counterpressure point, concentrated 3470 -3480, which is also the division between the European session drop and 618; therefore, pay attention to 3470-3480 tonight, if the pressure is not up, then continue to lower the price, and gradually look at 3428 and 3411, strongly support the range of 3380-3370 tonight. If the stabilization here, it will rebound and confirm the middle track, and the up and down range will be huge; a small probability event is that if the accident breaks through the upper counter pressure point 3480, then 3500 may be refreshed;
Silver: At the daily level, it is at the lower track of the previous channel to xmtraders.compete back and forth, with key support 32.1-32 and key resistance line 33, which looks at the gains and losses of the ups and downs; if the support is effectively lost, it will adjust down to 30.8-30.5 and then rise steadily;
In terms of crude oil: At the daily level, some volatile slow rebound channels have occurred, and the 10 moving average support remains unchanged at 61.7. The rebound is on the low point, and the resistance is 65.3. The above are several views of the author's technical analysis. As a reference, it is also 1 day for twelve years.The technical experience accumulated by watching and reviewing the market for more than 2 hours will be disclosed every day, and the technical points will be explained in conjunction with text and video interpretation. Those who want to learn can xmtraders.compare and refer to it based on the actual trends; those who recognize ideas can refer to the operation, lead the defense well, and risk control first; those who do not agree should just be drifted by; thank everyone for their support and attention;
[The article views are for reference only. Investment is risky. You should be cautious in entering the market, operate rationally, 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 interpretation will be disclosed 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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