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Gold continues to decline!
Wonderful Introduction:
The moon has phases, people have joys and sorrows, whether life has changes, the year has four seasons, after the long night, you can see dawn, suffer pain, you can have happiness, endure the cold winter, you don’t need to lie down, and after all the cold plums, you can look forward to the New Year.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: Gold, continues to decline!". Hope it will be helpful to you! The original content is as follows:
Thailand has surrendered and provided tariff concessions on 90% of U.S. imported goods, and most U.S. imported goods will be exempt from tariffs!
This is not only about being backward and being beaten, but also being bullied when poor.
90% of imported goods, the goods exported by the United States are basically high-end and solemn, which suppresses everything in the market and continues to reduce concessions, which is basically devastating to the rise of its own industries. Not to mention exemption from tariffs.
But there is no way. Those who need it must be imported, otherwise what will be exchanged for will be export restrictions and import controls, which will have a greater impact on the economy.
We emphasized this issue two days ago. Except for China that can www.xmhouses.compete enough, no other country can fight against such unequal tariffs, and Japan cannot do it. The two themselves conflict in high-end and sophisticated directions, and there is basically no demand for agricultural and sideline products and manufacturing industries. Our long enough industrial chain and large enough domestic market, coupled with deep enough restrictions on domestic substitution and rare earth control, and large enough market imports and exports, the two cannot www.xmhouses.completely give up, so the negotiations are much smoother than other countries. Thanks to the great man!
The other 13 countries announced quickly followed Thailand's pace and were unable to fight. They could only accept it and had no other choice!
Good morning, you in front of the screen, the predecessors plant trees and the people enjoy the cool air, and they are vividly reflected in the present. Thanks to the selfless efforts of the predecessors, the country is strong and the people are healthy.
In terms of gold, the suppression and retracement exceeded 3300.
This is the current trend. Although it is too strong the day before, it has not continued during the fluctuation.
Fortunately, we used two methods yesterday, and they were all in the formula:
1. The day before, the day before, the morning retreat, the afternoonThere will be more afterwards, and there are three positions with more: correct the low point in the early morning, and the rise and retreat to 382 the day before, and the bottom of the big positive line.
In these three points, 382 is at the 3226-7 line, which was mentioned yesterday.
At the same time, the European session hit a rebound yesterday and reached the 3340 line.
This key point should emphasize that one thing is not three. When the European session goes up, the price has fallen again and breaks through the 3226-7 line. Many people often make a mistake: they dare not to dare to www.xmhouses.come the first time, but they dare to do it when they pass, but it is just the mistake at this time.
This requires time to cooperate. The second break of 3326 is in the European session, and at the 5 o'clock node. If it breaks at this time, there will be no chance of rising in the European session, and if it is too much, it will be eliminated.
You must pay attention that a strong market does not keep breaking the bottom, but does not fall at all.
2, yesterday emphasized that the European session will be suppressed and the US session will be short. At the same time, the European session broke the bottom and the US rebounded 6-8 points before the session. The US market is a second short.
And this secondary short position is the day-to-day decline and rebound at 382 position 3330, which is calculated to be the standard technical trend.
At the same time, the US market fell 8-12 points in a row, breaking through 3300.
This needs to be emphasized. In the current market, don’t be too much if it falls, don’t be short if it rises. It is basically a stubborn trend, and the continuity of the day is very strong.
Today, the daily line is dark, rebounding in the morning, and the two keys to the continued decline:
1, breaking the bottom.
2, watershed.
The high was 3310 yesterday morning, and the bearish point was also at this point. It is higher than yesterday's decline and rebounded by 382 line 3307.
, and the current decline after the morning pullback, forming an early decline.
1, watershed 3308-10, today's short stop loss level.
2. The decline in the morning and whether it can continue in the afternoon depends on the European session.
3. In the morning, the rebound cannot be strong. The top-bottom conversion is between 3297-98. Pay attention to it in the afternoon.
4, it is important whether the European session can break the previous day's low.
5, the European session broke the bottom, and the US session continued to see continued decline.
6, the next double bottom support is near 3275.
7, whether to pull back or short, continue to see the continued decline. 3258-60 front line.
8. According to fluctuations, there are basically no more breaking the bottom, and you can take the time to take the opportunity.
(Detailed strategy, follow member tips)
[The above only represents the author's personal views and opinions. Investment is risky, so be cautious when entering the market]
The above content is all about "[XM Forex Official Website]: Gold, continues to fall!", which was carefully www.xmhouses.compiled and edited by the XM Forex editor. I hope it will be helpful to your trading! Thanks for the support!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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