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Gold has risen by 90 meters during the day. We will wait for the correction tonight before going bullish.
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Hello everyone, today XM Forex will bring you "[XM Forex Platform]: Gold has risen 90 meters during the day, and we will wait for a correction tonight before going bullish". Hope this helps you! The original content is as follows:
Zheng's Point: Gold has risen 90 meters during the day, and we will wait for a correction tonight before going bullish again
Reviewing the market trends and emerging technical points last Friday:
First, gold: The overall trend of the Asian and European markets last Friday fluctuated repeatedly between 4000-3950, and the overall trend was in shock and slow upward rebound; it was originally pointed out that if it fell early, it could be bullish at a low level, but it did not It reached a relatively low level of 3950-40 and did not touch it until the afternoon. After the European market went higher and broke through the Asian market high, the US market believed that there would be a second upward attack after the retracement; the running process was quite bumpy, with repeated shocks and several shorts and bulls. In the end, it stabilized at the middle track of the hourly line, and in the middle of the night, it broke through 4010 and stood above it, ushering in a wave of continued gains today;
Second, in terms of silver: the volatility has expanded rapidly in the past two days, and a slight movement during the day is 0. 4-0.5, as mentioned in the Asian market last Friday, those who are bold can directly pursue the rise after breaking through 50, with the target of 51 in place, but it is really difficult to defend at that time, unless the band; the European market has risen sharply, hitting the overnight high of 51.1-51.2 again, and the US market has followed the bullish trend, but it is a pity that it stepped back a little more, just broke through, and then the US market pulled up to reach the original target;
Today's market analysis and interpretation:
First , Gold daily level: Old rules, the interpretation of weekly and monthly levels can refer to the weekend video; from the daily point of view, there is another big positive K at this time, which is expected, because last Friday it closed a good positive K, the closing is still standing on the 5 moving average, relying on this line to continue to exert strong force, the high has just reached 4080, the short-term channel mentioned in the weekly video is on the track; next, it will continue to surround the 5 moving average or pierce the 5th, but hold the lower track of the channel, and then stabilize.Continue to be bullish; as long as it does not lose ground on the 10th, this round of unilateral continuous short squeeze initiated by 3311 will not end, so don’t guess the top;
Second, the golden 4-hour level: after breaking through the mid-track overnight, it began to continue continuously. Yang forced short move, breaking through the previous high of 4060, then pay attention to the gains and losses of the 5-day moving average tonight. If this position is stabilized, it can still maintain a strong upward trend; if it cannot hold, it will lower a little, stabilize the 10-day moving average, and then pull up;
Third, the golden hour line level: early in the morning, it quickly stepped back on 3995 and then rose rapidly. After breaking through 4010, it closed at 4060, which was hit by the sun. It took one hour to hit the mark; then after the day, it continued to be bullish by stepping back on 4020, and after 10 o'clock, it continued to be bullish by relying on the 5-day moving average of 4045, because it relied on the 5-day moving average to pull up. This is a typical example. A strong intraday unilateral move; therefore, the bullish breakthrough of 4061 was also ambush in advance. The 4060 position was under pressure twice last week, and was suppressed twice this morning. It is easy to continue to rise if it breaks through again, and finally succeeded in reaching the target, approaching the 4080 target; then after breaking through 4060, there will be a wave of rise, and the retracement confirms that it is the top and bottom position. 4060 is a bullish opportunity again, and the European market reaches 40 again 80 target; for tonight, the Asian and European markets have been rising all the way, and the US market has retreated for a wave and has a second rise, but we must be cautious, because today has risen 90 meters from the low to the high, which is the limit of 100 meters for the day, so try not to chase the rise, step back to the first support and focus on the 4065 line. In the figure, the upper track of the green channel in the early stage once again confirms the support level, followed by the middle track, which is also close to the yellow channel. On the lower track of 4040, I hope to step back more to make room for another rise in the day; otherwise, the high level will continue to trade strongly sideways, and it will continue to rise tomorrow; the resistance target will be 4090-4100, which is the extreme position today; remember, the principle of only being long but not short, do not look at the decline easily, every day will witness extreme moves that are rare in history;
In terms of silver: I believe everyone has seen a rare inversion, that is, the spot price is higher than the futures price, and it is nearly 2 yuan higher. This is rare because the free-circulation silver inventory has dropped to a record low. A large amount of silver is held by institutional investors such as ETFs, resulting in a significant reduction in the amount of tradable spot silver on the market. This supply shortage has caused leasing rates on spot silver to surge well above normal levels, reflecting the desperate demand for physical silver and thus driving up spot prices.
Arbitrage in the futures market is limited: Usually, when there is a price difference between spot and futures, arbitrage funds will narrow the price difference by buying spot and selling futures. However, in the current severe shortage of spot silver, arbitrageIt is difficult for profit makers to obtain enough spot for delivery, which makes it difficult to implement arbitrage operations, which in turn leads to the continued expansion of the price difference between spot and futures.
So you should find that the trend of silver is very stiff, stationary for a while, and then jumps back and forth very quickly when it moves; pay attention to the 50.5 support tonight, and if you hold it, you will maintain a strong bullish trend, and the resistance target is 51.7-52; if it falls below 50.5, wait for 50 and 49.5 to adjust upward and stabilize before going bullish; < /p>
Crude oil: The top and bottom resistance of 60 and 61.4, before breaking through, is still a weak pattern, supporting 57.5;
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 monitoring and reviewing the market for more than 12 hours a day in the past 12 years. Every day The technical points will be disclosed, and www.xmmen.combined with text and video interpretation, friends who want to learn can www.xmmen.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 for your support and attention;
[The opinions of the article are for reference only, and investment is risky. Entering the market requires caution, rational operation, strict loss setting, position control, risk control first, and responsibility for profits and losses]
Written by: Zheng Shi Dian Yin
Reading and researching the market for more than 12 hours a day, persisting for ten years, detailed technical interpretations are made public on the entire network, and serve with sincerity, dedication, sincerity, perseverance, and wholehearted service to the end! Write www.xmmen.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 all about "[XM Foreign Exchange Platform]: The golden day has risen by 90 meters, and we have to wait for a correction tonight before going bullish." It is carefully www.xmmen.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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