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Gold has repeatedly washed the market, the daily positive signal has been clear, but the retracement is still bullish
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: Gold has repeatedly washed the market, the daily positive signal has been clear, and the retracement is still bullish." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Gold repeatedly washes the market, the daily positive signal has been clear, but the rebound is still bullish.
Review yesterday's market trend and technical points:
First, in terms of gold: Yesterday morning, it was a sharp drop first. When the overnight low was pierced, and the short-cycle macd bottom divergence means that it is easy to pull up and rebound. In line with the 3120-3268 line The trend line just corresponds to the support point is 3310. At the same time, the weekly line, the monthly line reaches an important turning point at the 3300 mark. If you pull it down, you must dare to look bullish. After a smooth wave of ups, the European session fell into a narrow range of 3327-3321 for several hours. Before the US session, the big positive breakthrough reached the 3332 resistance target. At that time, you can't be bearish, because the hourly line is all positive, and the continuous positive pressure and short pull up in the day is a small one-sided side; as expected, the US session has risen again and reached 3. 345-3350, I couldn't try high altitude that night;
Second, silver: Yesterday, relying on the 618 segment support of the 37.16 line of the previous wave of increase backtesting, it also fell first in the morning. However, after 10 points, gold has stabilized and gradually rose, but silver gradually fell again, piercing the 37 mark, and finally the European and American markets also ushered in a counterattack, reaching the expected resistance line of 37.9;
Today's market analysis interpretation:
First, gold daily line level: Yesterday closed at a full big positive, and finally reached the 5 moving average, which broke the weak market suppressed last Monday. It even basically believed that a new short-term low may appear, that is, 3311. After all, the long-term support of the weekly mid-term and monthly line has moved up the 3300 mark, and it is difficult to break this position. It is also the interpretation of the video in the past two weeks that repeatedly emphasized that 3300 has reached the topOne of the reasons why it can be sold at the bottom; then since it stands above the 5 moving average, it will inevitably fall back and continue to bullish today. The only short-term suppression above is the 10 moving average 3345. Once it breaks through and stands firmly, it must gradually move closer to 3390-3400 again;
Second, the golden hourly line level: it continues to rise overnight. The short-term bullish positions given this morning are two, one is the morning low of 3338 and the other is the 3334 daily 5 moving average position. However, after touching, the European session only rebounded slightly slowly before 18 points, not strong; we know that only when the European session is strong, it is best to break through the morning or overnight high, so that the US session can better pull up again; if the European session is not strong, there may be another fluctuation, so 3338 prompts to adjust positions, and then a big negative appears at 19 points, www.xm-links.completely avoiding the risk of washing the market; and after the sell-off, the support prompt is to focus on stabilization between 3326-3323, because 3326 is the 618 division position of yesterday's increase, and 3323 is the 618 division position of the previous wave of increase The green channel in the figure is also the support point that the green channel in the figure has fallen back and falls back to the upper track. Since it is just a big negative in the European session, it is not in a hurry to make arrangements immediately. I think it will fluctuate in a small range, and then I will exert force when the US market stabilizes, but I didn’t expect that before the US market reaches the point, I will wash it back directly with a V, and then I missed the low position. Then, according to the distribution of the channels in the figure, we can know that the 3345 line is the channel counterpressure. Before breaking through the station, we should not rush to chase the rise. Tonight’s first support returns to the 3334 daily line 5 moving average, the limit is above 3320, close to the upper track of the green channel, and it will continue to be bullish; or before the 3345 breaks through the strongly, the retracement confirms to follow the bullish, and the above resistance targets will continue to pay attention to 3358-60, 3371-75, etc.;
Silver: Yesterday was also a good anti-positive one with a bottoming out and closing back, returning to the original upward channel of the daily line. Then today's retracement confirms that the lower track support point is 37.55, which is also the bullish level given this morning, and is close to yesterday's 50-segment position; the European session fluctuated and fell, just touching 37.55, and successfully rose and rose higher and broke through the Asian session high point. Then there will be a second continuation tonight. Pay attention to the 37.9 line, and retracement confirms the stable trend line, and continue to be bullish. The upper resistance target is first focused on 38.4;
In terms of crude oil: the daily 10 moving average is still suppressed and has not yet made any effective breakthrough, so it is still not advisable to chase the rise. At the same time, the upper track of the channel in the above chart just suppresses and declines within the day. Tonight, pay attention to the support of the lower track of 62 to stabilize and see the rebound; the upper track 63.5 first line will first lift and suppress it again, but look at the decline and treat it volatile;Crude oil has been suppressed and has not seen a good oversold rebound correction for too long, so it is inclined to lower the bullish rebound.
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 are disclosed every day, and the interpretation of text and videos. Friends who want to learn can www.xm-links.compare and refer to the actual trends. Those who recognize ideas can refer to operations and lead defense. Risk control is the first priority; if you don’t agree, just pretend to be bye bye; thank you for your support and attention;
[The article views are for reference only. Investment is risky. You need to be cautious when entering the market, rationally operate, strictly set losses, control positions, risk control is the 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, persisting 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.xm-links.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 repeatedly washes the market, the daily positive signal has been cleared, but the retracement is still bullish". It is carefully www.xm-links.compiled and edited by the editor of XM Foreign Exchange. 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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