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The golden daily line will be on the middle track and will further rise and rise
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: The daily gold line will be on the middle track and will further rise and rise." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: The daily gold line is on the middle track and will further rise and rise
Review the market trend and technical points that appeared last Friday:
First, in terms of gold: With the experience of the trend rules of last Thursday, the layout on Friday was like a fish in water, very smooth. During the day, the Asian and European sessions were repeatedly bullish at low levels of 3328, 3336, 3334, and 33333 repeatedly bullish at low levels, each The times were all lifted up 3343-45 to reduce positions and profits. The US market 3350 continued to be bullish, and the 3360-65 was also on schedule. In addition, the 3247 bottom price pointed out in the previous two weeks, and the 3300 bottom price continued to be priced below 3300, which is also in line with the predictions; the medium and long-term bottom bands such as 2735, 2753, 3000 were bullish in the previous period and still held in the middle;
Second, in terms of silver: it has made up for the rise in the near future, and its rise is even stronger. Last Friday pointed out that the morning The top 37 continues to be bullish, and the highest rise is to 38.5;
Third, in terms of crude oil: last Friday, relying on the short-term channel lower 66.6 line to stabilize, suggesting that it is bullish, the target upper 69.5 line is also basically approaching today;
Interpretation of today's market analysis:
First, gold weekly level: I won't say much about the long-term monthly level, and continue to maintain a strong bullish trend and pull up. The 5 moving average cannot be effective Losing, there is a certain confusion about the multiple long upward shadows that appeared in the first three months; the mid-term weekly level also keeps the trend bulls unchanged, and these weeks have been gradually moving upwards along the lower track of the previous upward channel. Once the closing of the market returns to the channel, it means that the medium-term will be expected to strengthen and attack upwards. As long as the middle track is stabilized below, the overall trend will not be too weak;
Second, the daily gold line level: continue to close last Friday, and close slightly on the middle track, you need toConfirm whether the breakthrough is effective today. As long as the positive continues to close today, the breakthrough will be valid. Then it is highly likely to point to the trend resistance line of 3500-3452. At that time, pay attention to 3420-3430 for important short-term resistance; a golden cross is formed near the zero axis of macd, and the upward momentum still exists, and the short-term continues to be bullish;
Third, gold 4-hour level: After stabilizing from the low level of 3282, the price has been along the short-term for 5 days, and the limit continues to rise and break through highs on the 10th day. This shows that this cycle is undergoing a round of short-term pressure rise. It can also be said that in a unilateral pull-up, just pay attention to the short-term moving average stabilization and continue to be bullish tonight;
Fourth, golden hourly line level: the gap in the morning opens high to the 3374 line, which is the 618 division resistance level of 3247-3452, and is also the pressure point of the upper rail of the white channel in the figure above; therefore, it is normal to see a wave of suppression and fallback, and once the fall stabilizes in the middle rail and holds the low point of the morning 3349 or the lower rail of the white channel, it is easy to repeatedly pull up again to test 3374. Sure enough, the bottoming of the European session proves this; the total period of the European session during these days It is easy to turn around the narrow range of USD 10, and then wait for an opportunity to break up. Therefore, pay attention to 3360-3363 stabilization and continue to be bullish when it is low. On the one hand, the middle rail support moves upward by 3360-61, and on the other hand, the low point of 18 points is 3363, which may become the low point before the US market; and the resistance is more obvious, which is to suppress 3374 sideways. Once the positive line closes up, it will continue to impact the upper track of the white channel 3382-83 (piercing it). If it is 3385-3387), and then breaking the strong attack is the 3393-3400 range and short-term trend pressure point 3420-3430 (because I don’t know when and when will I test the resistance line of 3500-3452, the pressure point will slowly move downward and change). Only by breaking through and standing on this line, then the daily line can walk out of the convergence triangle that has been in more than two months and upward to the historical high of 3500. This still requires a certain amount of oscillation time to run, and it should be done in one breath. It is difficult to break through directly; according to the interpretation and deduction of weekly video, suppressing below 3430-20, and there may be a wave of pressure falling and repeatedly confirming the lower track of the convergence triangle, and finally breaking up and standing firmly;
Tonight, pay attention to 3360-63 continuing to be bullish on lows, and take the intraday low of 3353-54 as a certain feng shui hurdle, with resistance targets 3374, 3382-83 (3385-87), 3393-3400, etc.;
Silver: The road is one-sided, and there is no correction yet. Don't mistakenly think that the price is high, and it will be a pullback, and you will be fucked by the top or the wrong idea; you should follow the trend and focus on bullishness. Pay attention to 38.6-38 tonight.8 support, that is, the mid-track of the hourly line continues to be bullish, with a resistance target of 39.1, breaking through and looking up again at 0.3 and 0.3; the upper rail of the daily channel cannot be stopped at all, and there is still a probability of further lifting space tonight; if you cannot keep the middle rail of the hourly line, some adjustments and corrections will occur in the short term;
Crude oil: Last Thursday and Friday, relying on the lower track of the above-mentioned channel to stabilize and bullish, and today it will continue to pull up to the upper track, in line with the expected development within the channel; pay attention to the suppression signal of the upper track 69.5 and above. If you cannot forcibly break through the station, you will see a surge and fall, supporting 68.3-68;
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 the market watching and reviewing for 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 www.xmhouses.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. You should be cautious when entering the market, operate rationally, set losses strictly, 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! www.xmhouses.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 all about "[XM Foreign Exchange Market Review]: The golden daily line will be on the middle track and will further rise and rise". It is carefully www.xmhouses.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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