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The gold cycle last Friday, and then stabilized after 3370 tonight
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: The gold cycle will go on Friday, and we will suppress it first and then stabilize it tonight at 3370 tonight." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Gold cycle last Friday, 3370 tonight, first suppressed and then stabilized
Review yesterday's market trend and technical points:
First, gold: Last Friday, it was planned to bottom out at 3265, and it was believed that the short-term decline adjustment would end at any time. Unfortunately, the lowest was only 3271 that night, which was 6 US dollars; the weekly video clearly pointed out that a round of breakthrough will usher in this week, which is ultimately in line with the prediction; yesterday continued to squeeze short and strengthen, but unfortunately, it was given two bullish layouts, but neither touched the expected entry point; because it went slow to rise that day, and only by aggressive and brave to do it directly can it be grasped;
Second, silver: After more than a month of horizontal Consolidation, yesterday finally ushered in a break and made up for the rise, breaking through the resistance level of the 33.65 recent range consolidation;
Third, in terms of crude oil: the large range is still 64-60, and it was a little worse than the pressure level of 64 yesterday;
Interpretation of today's market analysis:
First, gold daily line level: Yesterday closed a full big positive K, and the closing effectively stood above the trend resistance line of 3500-3438, then it is expected to further strengthen and pull up in the short term. Today's retracement continues to remain bullish, and the corresponding position of the trend line confirms that the trend line is exactly the short-term 5-day or 10-day moving average, about 3325 line; therefore, this position will stabilize, continue to rise further, and gradually impact 3400, 3435, etc.;
Second, golden hourly line level: the morning opening will continue to rise, and then under pressure of 3392 first line and the next oneThe road is rising and falling, gradually falling, and gradually falling on the yellow trend line in the chart above, and then falling on the middle track, so the prompt is not rushing to bullish, first look at the correction of the pullback; the entire European session is under suppression and weak consolidation, and this move is similar to last Friday, which means that the US session has a second suppression, and then it can stabilize and bottom out and pull up; therefore, resistance focuses on the middle track 3370, and support is divided based on yesterday's low point to today's high point. Pay attention to 3355, 3344, 3333 below. These positions stabilize and continue to be bullish. It is best to wait for the second suppression to end; therefore, only by breaking through to the middle track can you end the day's adjustment and return to yesterday's trend to rise;
Silver: The daily line level also closed at a big positive yesterday, breaking through the oscillating pressure level in the previous month, then 33.7 becomes the top and bottom support, and 33.4 is the confirmation point of the upper convergence triangle when it falls; therefore, wait for the lower to continue bullishness within the range of 33.7-33.4;
In terms of crude oil: the range of 64-60 is still running; it has risen and fall overnight. Today's European session has not broken through the overnight high and strengthened. It is easy to rise and fall again tonight. It is under 63.8. Look at the suppression and fall, and the daily short-term moving average support is paid attention to;
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 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 will be interpreted. Friends who want to learn will follow the actual situation. The trend can be xm-links.compared and referenced; those who recognize ideas can refer to operations, lead defense well, risk control first; those who do not recognize them should just be floating by; thank you for your support and attention;
[The views of the article are for reference only. Investment is risky. You must be cautious when entering the market, operate rationally, set losses strictly, 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! 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 about "[XM Foreign Exchange Market Review]: The gold cycle last Friday, and the second time to 3370 tonight will be suppressed first and then stabilized". It was carefully 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!
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