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Gold fell below the daily 5 moving average during the day, lowered to 3593 and waited for a signal to stabilize
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: Gold falls below the daily 5 moving average during the day, lowers to 3593 and waits for a signal to stabilize." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Gold fell below the daily 5 moving average during the day, lowered to 3593 and waited for a signal to stabilize.
Review yesterday's market trend and technical points:
First, in terms of gold: Yesterday's two waves were missing, and I watched the show for a day; in the morning, the plan was bullish on 3616, and the lowest was only given to 3620, and then the continuous positive trend rose slowly to above 3640; the European and American markets Waiting for 3630 to continue to be bullish, the lowest level was given in the middle of the night to 3635, which was another four or five meters away, and it rose to 3649;
Second, silver: bullish on 40.6 yesterday, it was a little bit worse, and it also missed the opportunity and rose;
Today's market analysis and interpretation:
First, gold daily line level: It was OK to close yesterday, but the negative K of the previous day was still single negative, but today it is currently missing the 5 moving average , there are signs of closing negative, then some stagflation will appear at the high level; yesterday's research report mentioned that the alternation of yin and yang, or the high level is slowly fluctuating downward, or the high level is slowly fluctuating upward, both represent certain stagflation signals; that is, the strong one-sided pulling in the first three weeks will be temporarily suspended, and a certain correction time will be entered; but one must still be remembered that correction does not represent a trend reversal, but you are tired of running long distances. Take a break in the middle, and wait until the adjustment is www.xmhouses.completed, a long lower shadow will appear K or big positive K will start another round of unilateral upward pullback; and it depends on the final closing pattern of the daily line today, and whether it effectively falls below the 5 moving average depends on the closing; if it is slowly corrected, approaching the 10 moving average for the first time or puncture a little will bring a turning point for the short-term bottom to stabilize again, and it is also the time for the bottom to bottom. Today is still a little far away from it and cannot be touched for the time being. With the running time, if you can get closer to it in two days, it is a good starting point;
Second, gold 4-hour level: Today we are facing a slow decline and continuous negative trend, losing the key middle track 3635 line, and yesterday's low 3620 also failed to start a good double bottom function. Therefore, this cycle will also tend to have some pullbacks to repair the downward macd; you must be patient and wait for when to close again, and above the 10 moving average, and then continue to return to the strong bullish rhythm;
Third, the golden hourly line level: Yesterday, we looked at the opposite direction twice, but the two entry points were slightly different, and both missed the opportunity to rise in the day; today we were retaliated by the bears, and the two layouts in the day failed to stabilize and bullish; one was bullish in the morning at 3640 because it was near the lower edge of the upward channel yesterday, close to the 66-day moving average, of course it was worth continuing to test, but unfortunately it only rose to 3649, slightly lower than the target, and slightly lower than the reduction position. It just passed by, and it turned out to break 363 0 failed to exit; the European session fell to the 3623 line, just at the daily 5 moving average. It was relatively cautious when it hit the spot for the first time, and did not dare to test the rise and stabilize immediately. After 15 points, when the bottoming out at 16 points, when K was hit at 3623 twice, there were signs of a double bottom, and it was only after 3630 bullish. As a result, it hovered for two hours and continued to fall, breaking yesterday's 3620 low, and failed again. Today is the first time in nearly a month that there have been two consecutive losses in a row. Although it is all light positions, it is just a revenge. Part of the profits I have captured, but it also slightly disrupted the original rhythm to a little, so we have to look carefully tonight and try to catch a relatively good position to grasp it back; from the decline of the Asian and European sessions, we must be careful of the secondary pressure tonight in terms of technical forms. Pay attention to the lower track of the yellow downward channel in the picture below, about 3593-92 line. If there is a stabilization signal here, you can try to be bullish, and the resistance is 3634-3637, the upper track and the middle track of the channel, and the dense anti-pressure resonance on the 66th. Only by breaking through again and standing on them can you return to the strong pull The upgrade pattern will otherwise last for a few days. The volatility and slow decline of this channel will be corrected. Tonight's cpi data may be negative because the wave of decline in the day may be digested in advance. After the real negative fall is landed, you must be careful to reverse the increase at any time when the downward drop is sharp. Several relatively important news that appear this week seem to be playing. You should leave the expectations first and then go backward after it is announced. This requires attention; of course, if the data is positive, you must break through the 3634-37 resistance zone before you can continue to rise;
In terms of silver: Silver has remained motionless these two days, and remained calm; continue to pay attention to the support of 40.7-40.6 tonight, stabilized and still bullish, and the resistance is still 41.4-41.7; also pay attention to one thing, if it effectively falls below40.6 position, be careful to follow the gold downward wave and stabilize again;
Crude oil: After mentioning the volatile rebound yesterday, pay attention to the decline in pressure on the 64 line, which is currently in line; today it breaks the lower track of the channel in the chart, and it will still pay attention to the suppression situation to rebound tonight, below 63.5;
The above are several points of the author's technical analysis, as a reference, and it is also a summary of the technical experience accumulated by watching and reviewing the market for more than 12 hours a day in the past twelve years. Technical points will be disclosed every day, and text and video interpretations will be interpreted. Those who want to learn can www.xmhouses.compare and reference based on 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 must 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]: Gold falls from the daily 5 moving average during the day, lowers to 3593 and waits for the stabilization signal". It is carefully www.xmhouses.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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