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Gold surges higher and falls, the daily line moves in a circle, and it needs to test the short-term 5-day period before stabilizing
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Decision Analysis]: Gold surges higher and falls, the daily line moves in a cycle, and it needs to test the short-term 5-day period before stabilizing". Hope this helps you! The original content is as follows:
Zheng's point of view: Gold has risen and fallen, the daily line is cyclical, and it will test the short-term 5-day stability again
Reviewing yesterday's market trends and technical points:
First, gold: Yesterday, gold was unilaterally shorted and pulled up by more than 100 meters, which is very impressive; in the morning, relying on 3995, a direct sun surged to 4060, the high point before last week , then it is bullish when it steps back above 4020, it continues to be bullish when it steps back on 4045 in the afternoon, and ambush the break of 4061 to chase the rise, because 4060 has been tested four times, and it is easy to continue if it breaks above, especially the unilateral market, and finally successfully reaches the target resistance of 4080; the European market's step back confirms that 4060 is a top and bottom support and continues to be bullish, and it repeatedly pulls up to reach above 4080; while the US market research report points out that the European market is strong, and there will be a second rise. , it is a pity that the first support 4065 has not been tested, and it can easily break through the 4100 mark if it continues to rise. This kind of strength has led to a unilateral rise. The most www.xmmen.comfortable thing must be to buy the bottom position in multiple bands, and the profit increases rapidly;
Second, silver: In the morning, it relied on the hourly mid-track 50 support to be bullish. The price was slightly worse by 0.1, and it rose to 51.7 in a wave. The European market fell back to 50.5 and continued to rise, and the price was just right. In place, the U.S. market continued to rise, hitting the 52.4 line as high as possible, which is also very strong;
Today's market analysis and interpretation:
First, the golden daily level: The movement is still large today, it first pulled up 70 meters in the morning, dived 90 meters in the afternoon, the European market retreated 50 meters, and the US market suppressed 40 meters at this time, oscillating violently up and down, forming a long upper shadow K at this time. If it cannot counterattack tonight, it willIt means that we will continue to lower tomorrow, consider the short-term 5 moving average, or pierce it, and then seek to stabilize; starting from September 22, it has been following a similar trend pattern cycle. When a big Yang breaks through the previous sideways pressure level, it is followed by four trading days of high consolidation, and then continues to have a big Yang to break the high. After another four trading days of consolidation, there is another big Yang, and it has gone through three cycles. Yesterday's Dayang K was The fourth time it appears, it may also go into a fourth cycle; therefore, after the big positive K, the second K will generally continue to close the positive, and the third or fourth K will step back to confirm that the 5-day moving average support is effective, and the fifth K will continue to be positive; therefore, today it is expected that it is unlikely to directly test the 5th day, and the closing price should also be above the opening price of 4110.6 to close the positive K;
Second, the golden hour line level: In the afternoon, the 4179 line dived to 4090, which was also the low point last night. After the double bottom stabilized, the European market rebounded to 4145, testing the 618-divided resistance of the decline, which is also red in the chart. The channel counter-pressure point; and the original European market believed that the rebound has returned to the mid-track, and the entire European market is rebounding and has not continued to weaken in the afternoon, then the overall situation is still somewhat strong, and there is a probability of breaking through the resistance of 4045, and then suppressing the intraday high and then rising higher and falling, similar to 1 Movement on October 9th; in the end, the actual trend was not like this, but chose to suppress again, falling below the middle track, and fell to 4100; then what Bollinger took away now was to shrink and consolidate, the lower support line of 4090 is more critical, the upper middle track resistance of 4124, and the red channel The counter-pressure point is 4150, so pay attention to finishing within the range of 4090-4150; personally, I don’t think it will fall below the intraday low and directly test the daily 5-day moving average. If so, just wait until the Asian market stabilizes tomorrow and find a low to go bullish;
Silver: The European market fluctuated and suppressed a wave, touching the support of the lower rail of the yellow channel at 51 in the chart. It rebounded for a wave, and then suppressed and broke a new low to 50.5. This position gradually approached the daily 5-day moving average of 50.3; therefore, As for silver, it has some signs of a one-step correction, and as long as the daily line remains above the 5th, it will still be a strong unilateral slow rise; therefore, pay attention to 50.3 tonight for a stable bullish rebound; or it may break through 51 again and return to the yellow channel , then step back to confirm that the lower track has stabilized to follow the rebound and shock, the resistance is 52 clicks;
The above are several views of the author's technical analysis, as a reference, and also a summary of the technical experience accumulated from watching and reviewing the market for more than 12 hours a day for more than 12 years. Technical points will be disclosed every day, 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 allSupport and attention;
[The article’s opinions are for reference only, investment is risky, you need to be cautious when entering the market, operate rationally, set losses strictly, control positions, risk control first, and be responsible for profits and losses]
Writer: Zheng’s Dianyin
Reading and researching the market for more than 12 hours a day, insisting on ten years, detailed technical interpretations are open to 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, top-bottom rules; student cooperation registration hotline - WeChat: zdf289984986
The above content is about "[XM Foreign Exchange Decision Analysis]: Gold rushes high and falls, the daily line goes in a cycle, and it is necessary to test the short-term 5 days before stabilizing". 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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