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Gold's rise was curbed and entered a volatile correction, but space was limited
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Hello everyone, today XM Foreign Exchange will bring you "[XM Official Website]: Gold rise has been curbed and entered a volatile correction, but the space is limited." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Gold's rise was curbed and entered a volatile correction, but the space was limited.
Review yesterday's market trend and technical points:
First, gold: Yesterday was slapped hard by the market, and there was constant risk aversion news on weekends. On Monday, it was still under pressure on the upper track of the daily upward channel 3452. In the morning, it was also reminded not to rush to chase the rise, and then follow the bullish last week after the pullback; but it was not expected that it would continue to fall slowly during the day, and then the Wall Street group on the US market People frequently send out news to control the market; they were waiting for the 3390-80 area to plan the band to be bullish once, but at 21:30, they bottomed out for 15 minutes, and thought they stabilized in advance, so they couldn't help but tempted them in advance, but were slapped in the face;
Second, in terms of silver: its trend has been consistent with the predictions in the past few days, that is, to continue the daily 10 moving average to continue to be bullish, through the convergence triangle at a high level for several days, and then choose to break further, and today it will xmserving.come as scheduled and make up for the rise again;
Interpretation of today's market analysis:
First, the golden daily line level: Yesterday, the closing of a big night K, was still a little surprised. I originally expected to close a negative K with a lower shadow line. The 5 moving average is still supported for the time being. Today, it moves up by 3390. If the closing is below 3390, there is still room for oscillation and decline, but the space is limited. Since the upper and lower rails of the upward channel are relatively accurate, I will refer to this channel in the future. The lower rail position is just the middle rail. Today, it moves up by 3336. If you can test this, will consider bottoming out, and the market will repeatedly test the upper track in the future, and will move upwards by 3460-3470;
Second, the golden hourly line level: today is at a relatively low level and hovering back and forth, with relatively poor continuity. The high point 3405-3403-3400 gradually slow down, and the low point 3383-3377 also slow down, and it is still running in the channel; however, the macd is under the zero axis, the golden fork has been brewing for a long time, and this pattern is more xmserving.comfortable, because the signs before each big rise are similar to this pattern; once the price breaks the intraday low again, it is easy to form a bottom Divergence and bottoming out to push up and counterattack, so it is difficult to catch up with a new low; xmserving.combined with segmentation support, 3364-62 and 3355-52 have key support, strong support 3338. Before the Israeli-Iran conflict, the low point of the influx of large funds in institutions was 3330-25, which is basically difficult to lose here, and the main force will not break through its bottom position. This is why the daily line can be planned to sell the bottom when it is close to the lower track of the channel, and it is also the best point to see if it can be given. The bottom point of the speculation was given in the previous two weeks, but it was not touched. The result was all in line with the 100-meter pull-up, and look at this opportunity;
Tonight, pay attention to the resistance of 3400, 3374 supports, temporarily running in this range. If you break through to 3400-04 in the second half of the night, you can confirm the retracement and follow the bullish to test 3413 and 3422; if you lose the low point within 3374, then pay attention to 3364-62 and 3355-52 to stabilize and bottom out and pull up; as for trying to bearish at a high level, pay attention to 3422, it is the 618 split resistance, which is also the starting and falling point; short-term oscillation changes quickly, so if you want to seize it, please seize it;
In terms of silver: It is the upward break of the convergence triangle again, the rebound starts again, the daily line gradually looks at 78-79, and remains bullish tonight above 36.6;
In terms of crude oil: the range of 73-71 fluctuates back and forth during the day, the European session fluctuates V and pulls up, and tends to fluctuate tonight. Pay attention to the stabilization and bullishness above 72, and the resistance is 74-75;
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 the market watching and reviewing for more than 12 hours a day in the past twelve years. The technology will be disclosed every day. Art points, coordinate with text and video interpretation, friends who want to learn can xmserving.compare and reference based on actual trends; 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 everyone for their support and attention;
[The article views are for reference only, investment is risky, and you need to be cautious when entering the market, rationally operate, strictly set losses, control positions, risk control first, and you will be responsible for your own profits and losses]
Contributor: Zheng Shi Dian Yin
A study on the market for more than 12 hours a day, persist for ten years, and detailed technical interpretationThe entire network is open to serve the whole network with sincerity, sincerity, perseverance and wholeheartedness! xmserving.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 official website]: Gold rise is curbed and entered a volatile pullback, but space is limited". It is carefully xmserving.compiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
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