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Gold fell in line with the 100-meter drop last Friday, and today it fluctuated sideways and recovered, waiting to break the position.
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Since ancient times, there have been joys and sorrows of parting, and since ancient times, there have been sad songs about the moon. It’s just that we never understood it and thought everything was just a distant memory. Because without real experience, there is no deep inner feeling.
Hello everyone, today XM Forex will bring you "[XM Group]: Gold fell by 100 meters last Friday, and today's shock and sideways repairs and other breaks". Hope this helps you! The original content is as follows:
Zheng's point of view: Gold fell in line with the 100-meter drop last Friday, and today it fluctuated sideways and repaired and other breaks
Review last Friday's market trend and technical points that emerged:
First, gold: The movement of gold in one day last Friday was very large, and it also set the largest drop from the highest point to the lowest point in a single day, reaching nearly 200 meters; as the daily line gradually broke away from the 5-day moving average in the past few days, Moreover, there was an acceleration of the pull-up behavior at the end of last Thursday and the opening of Friday, and it is easy to see profit-taking from the highs and lows; therefore, in the morning, it is emphasized to pay attention to the operation in the 4380-4280 range. When the European hourly line appears with consecutive negative and single positive, it implies that downward accumulation of suppression momentum in the evening, and the 15-minute small-level convergence triangle broke downwards at that time, so it is pointed out that the lower band of 4340-4330 fell back once, and finally successfully reached the target of 4220, which is also Approaching the position of the daily 5 moving average;
Second, for silver: last Friday was also a big negative hit, directly repairing the daily 10 moving average, and it was temporarily stable and reversed at the end of the day;
Today's market analysis and interpretation:
First, the gold daily level: a www.xmh100.commonplace, for the interpretation of the medium and long-term weekly and monthly levels, you can check the weekly video; for the daily line, although last Friday closed with a big negative, the closing still held steady at 5 The moving average has finally repaired the 5 moving average, so it has the conditions to further move unilaterally; but at the same time, since last Thursday and Friday have accelerated the rise, there is also the possibility of a wave of decline and recovery in the short term. After all, this wave of unilateral rise from the low of 3311 has not yet been properly corrected; therefore, the focus is on today’s closing pattern on Monday. If it closes well with a full positive K, it means that it is still a strong single-yin market, so continue to go higher.Exploring the previous high of 4380; if it is a good negative close and closes below the 5th, the short-term downward correction will continue; in addition, the last kind of closing K, or cross, or a small K with an upper or lower shadow, closes not far from the 5th, then we have to wait for the next day's form for further confirmation;
Second, the 4-hour gold level: the 10-day moving average gradually drops to the 4278 line, and the closing line at 22 o'clock is expected to move down to the intraday high. Today, several K-lines have been piercing the middle rail to pull up, running in a narrow range between the 10th and the middle rail, waiting for the break;

Third, the golden hourly level: Generally speaking, after a sharp drop overnight, the next day you will look for early morning rebound highs or divided resistance levels, or mid-rail, big Yin and other resistances to try whether to continue the decline, especially if you pull up sharply at the opening of the morning, it is very easy It did not continue and fell back; it rose early and fell back to the 4273.5 line under pressure. The 4277 pressure mentioned in Zhou's video was slightly worse. It fell to 4218 for the first time and rebounded before testing the 4270 line. 4218 happened to be the 618 dividing support; it was under pressure at 42 in the afternoon. 70 also suppressed a wave close to the middle track, fell to 4221, and then stabilized and rebounded to 4265; the price went back and forth, seemingly chaotic, but in fact it may be following a convergent triangle arrangement, with the high points gradually moving downwards and the low points gradually rising slowly, which can also be regarded as a parallel Channel arrangement, Feng Shui Ridge resistance is 4274, Feng Shui Ridge support is around 4220, operating within a range of 50 meters; in addition, this kind of fast short-term up and down market, if you hesitate for a moment, you will either not be able to enter the relatively good high and low points, or you will be greedy when you have profits, so you will return to your original position, or you will In order to protect, move down and defend before reaching your original target space; therefore, you can only close when it is good, but in the end it will definitely break the balance and go in one direction to break through or expand the shock range. You must pay attention to the 66-day moving average resistance line 4268, and the Asian plate high point 4274. If these two resistances are broken upward, and it is after the continuous Yang breakthrough or the Dayang breakthrough of 66 days, then you can consider stepping back to follow the bullish trend. You can at least make a wave of sub-highs, see 618 dividing resistance 4305, or even below the counter-pressure point derived from the previous channel 4330; on the contrary, if there is no If you cannot break through these two resistance levels, there may be a wave of downward pressure, especially the red trend line in the effective break chart corresponds to the current support of 4240. It also requires continuous negative or full negative conditions to be effective. Then you can test the range of last Friday's low of 4190-4185. Look at its gains and losses; of course, as long as it dares to pull down further, macd will divergence from the bottom, and when it stabilizes, there will be a relatively good low-end bullish point in the market outlook; the upward trend will not change, and downward adjustments and corrections are all preparations for the market outlook to further set new historical highs;

Silver: The trend is the same during the day, continuing to trade sideways, waiting for a breakthrough; from the daily shape, it is weaker than gold, testing the 10 moving average. Today, the 5 moving average is under 52.5, which has become a certain suppression, and the 10 moving average support has moved up 51-50.9, so we need to pay attention to which side of them breaks through effectively; if it closes above the 5th, it will immediately strengthen to test the previous high of 54.5; otherwise, it will effectively fall below the 10th line. It will continue to decline, and may gradually test the middle track before demand stabilizes; and the current small range of today's shock is 52.28-51.53; before breaking through 52.5, do not rush to chase the rise; it also fell to 51-50.9, even approaching the overnight low of 50.5, and chase the fall cautiously, because macd will also divergence from the bottom; the most suitable is to try to fall back on the high below 52.5, and try to rebound above 50.5 Look low and stabilize;
The above are several views of the author's technical analysis. As a reference, it is also a summary of the technical experience accumulated by watching and reviewing the market for more than 12 hours a day for more than 12 years. The technical points will be disclosed every day, with text and video interpretation. Friends who want to learn can www.xmh100.compare and reference based on the actual trend; those who agree with the idea can refer to the operation, take good defense, and risk control first; those who do not agree can just ignore it; thank you Everyone’s support and attention;
[The article’s opinions are for reference only. Investments are risky. You need to be cautious when entering the market, operate rationally, strictly set losses, control positions, risk control first, and be responsible for profits and losses]
Writer: Zheng’s Dianyin
Read the market for more than 12 hours a day and study for ten years. Detailed technical interpretations are made public on the entire network. We will serve with sincerity, dedication, sincerity, perseverance, and wholehearted service to the end! Write www.xmh100.comments on major financial websites! Proficient in K-line rules, channel rules, time rules, moving average rules, segmentation rules, and top-bottom rules; student cooperation registration hotline - WeChat: zdf289984986
The above content is about "[XM Group]: Gold fell by 100 meters last Friday, and today's shock and sideways recovery and other broken positions" were 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!
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