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Gold breaks 3358, and continues to see a wave of rise tonight
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: Gold breaks 3358, and continue to see a wave of rise tonight." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Gold broke through 3358, continue to see a wave of rise tonight
Review yesterday's market trend and technical points:
First, gold: Yesterday I watched the show all day! Originally, the Asian and European session pointed out that 3338 could be bullish, 3370 and 3370 were bearish, and they stuck on both sides, but the resistance level could not be given, and the support level was low 3340-41 during the day, and it was almost there. It dragged until it was close to the US session before reaching 3336. At that time, data was released, so I dared not participate. As a result, 3336 stabilized and rose to 3358; CPI data was favorable and negative, and the trend was indeed a sweep up and down. Research reports gave four support, and when it reached stabilization, they would have a certain rebound effect. Since it was close to 23 points and broke down the new low, they were conservatively stuck to the second support 3322 to look bullish. As a result, the first support 3333 directly stabilized and then rose to 3358; In general, yesterday's range was also very frequent and required some courage to intervene;
Second, silver: it still repeatedly supported the support of 37.6 yesterday, and its trend was obviously stronger than gold. It was ambushed at 37.3 yesterday, but it did not give it a chance;
Interpretation of today's market analysis:
First, gold daily line level: Yesterday, the small positive K of the spindle with basically the same upper and lower shadows. Although it is still in a weak downward adjustment, at least it has not continued to continue to negative, digesting most of the lower action energy and slowly accumulating the bottom up momentum; today, if you want to show a turning point signal to stabilize in the short term, you must close againStanding on the 5 moving average is the premise; secondly, we must return to the end of the old convergence triangle, so 3370-3375 is the key short-term pressure position today. If the closing breaks through the effective stand, we will continue to test the gains and losses of the 3400 mark; on the contrary, if we cannot break through the stand, we must still maintain the oscillation and adjustment;
Second, the gold 4-hour level: a daily rebound wave, and at this time, we have tested the key mid-track resistance point of this cycle. To continue to open the rebound space tonight, we must break the middle-track, and it is best that this K-line can bottom out and pull up the stand, before 22 o'clock;
Third, golden hourly line level: the Asian session narrow sideways at 3342-3354, the European session broke through the 3358 yesterday's range resistance, breaking through yesterday's high, and then the US market fell before the market, so this wave of decline can be treated as a short-term pull, and there is a high probability that there will be a second pull tonight; the top and bottom support is to focus on 3358, of course, the oscillation market is easy to puncture, the extreme focus is on the middle track 3352, stabilize and continue to be bullish rebound, the resistance target is 3367, break through the station and look at 3370-75, and then pay attention to whether the node pressure is under 3380; if the node pressure is broken again, then this downward pullback ends, turn to a short-term strengthening, and continue to test the gains and losses of the 3400 mark; if it cannot break through, then the oscillation below 3380 will be suppressed for a while;
Silver: Today's trend is quite good. The Asian session directly broke through the 38-standard pressure mark on the stand-up node. The European session continued to hold a small unilateral pull-up and higher, and broke through the previous 38.5 resistance point; then tonight, we will naturally look bullish again. We cannot choose too far for the support. The trend is obviously very strong. If the fall is too low, it will easily fluctuate, and it is not good to move up the second time. Therefore, pay attention to the hourly line 10 moving average 38.35 and continue to be bullish, with resistance targets 38.8 and 39.2;
Crude oil: Judging from the distribution in the figure, the intraday trend still seems weak, and the lower support of the yellow channel 63 has broken down. However, there is always a bottom divergence state, and it is not suitable to bearish at low levels, which is easy to rebound oversold; pay attention to 63 tonight. If you break through the station again, pay attention to the double-channel counterpressure point 64.2 line above; of course, the resistance of the daily middle track or 66-day moving average is still large, so pull up and choose bearish oscillation;
The above are several points of the author's technical analysis, as a reference, and it is also the summary of 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. Friends who want to learn can www.xmh100.compare and refer to the actual trends;If you think about it, you can refer to the operation, lead the defense well, risk control first; 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 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.xmh100.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 Analysis]: Gold breaks 3358, continue to watch a wave of rises tonight". It was carefully www.xmh100.compiled and edited by the XM Foreign Exchange 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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