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Fed interest rates are coming, gold may finally bottom out tonight to seek short-term turning point
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: Federal Reserve interest rates are xmserving.coming, and gold may finally bottom out tonight to seek a short-term turning point." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Fed interest rates are xmserving.coming, gold may finally bottom out tonight to seek a short-term turning point
Review yesterday's market trend and technical points:
First, in terms of gold: yesterday's bottoming out and rising, followed the bullish rebound on 3390, successfully reaching 3400 to indicate profit. In addition, the entry point of the band is not good, the high capital adjusts positions, and the low reduction Hold on to the back loss to move upward protection; although the European session bottomed out and rose again, it did not break through the upper rail resistance of the short-term decline channel. The US session fell again, with a low of 3366, but unfortunately it did not give the expected segmentation support of 3364; after the long shadow K, it fell back and confirmed that 3375 followed the bullish rebound, and finally reached 3396;
Second, silver: the daily line maintained a unilateral rebound, when the short cycle lasted for two or three days and was at a high level. , if there is a convergence triangle upward breakthrough, it will directly follow the bullishness above 36.8 and successfully reach the first target of 37.2;
Third, in terms of crude oil: Yesterday morning, the big positive appeared first, and then the retracement will confirm that the hourly line mid-track 72 follows the bullishness, and 73 is in place; there is a fluctuation in the European session, and the US session will recommend that you continue to fall back to the bullishness, relying on the support of 618 and be bullish above 72.2, but unfortunately, the lowest is only given to 72.3. A little bit, the target above 74 is in place;
Today's market analysis and interpretation:
First, gold daily line level: Yesterday closed at a small cross K, closing at the 5 moving average line, supporting the 10 moving average. After the short force was greater than the long one on Monday, the long and short force began to be equal, consolidation was waiting for the next stimulus direction; from the upward channel, the lower rail support is also the middle rail, moving upward by 3342, and the above position is touchedA good low, suitable for band bottoming, see if you can give it a chance tonight; once the positive line stands on the 5th day, there is a high probability that there will be a turning point, and gradually rise to test the upper track 3460-70;
Second, gold 4-hour level: the current pressure mid track 3404 line supports the 66-day moving average 3366 line, which happens to be at yesterday's high and low point, and look at the gains and losses of the two positions tonight;
Third, the golden hourly line level: From the above chart, it is currently maintaining a downward channel and repeatedly oscillating back and forth, while the corresponding macd indicator is slowly moving upward, which accumulates multiple bottom divergences. It may usher in a round of oversold rebound tonight. If you continue to fall below yesterday's low first, it will be easier to bottom out and push up counterattack; the key resistance is 3400-3404. Once you break through again and stand on it, the oscillation suppression will end in the short term and turn to rise; the current operating space is gradually shrinking, pay attention to the 3373-3393 range. Before the Federal Reserve's interest rate is announced or spoke in the second half of the night, it may not be able to get out of this oscillation, even if it breaks through, it may not be very continuity, and major fluctuations have to wait for the attack in the second half of the night; It is recommended tonight to first 3373 up and down as the support point, and look at the volatile rebound, resistance 3393 up and down, key resistance 3400-04, while key support focuses on the range of 3355-3363 (you can try the band bullish), that is, if interest rates remain unchanged in the second half of the night and do not cut interest rates, then there may be a last wave of sell-offs, after breaking the low point of the first two days, then fight back again, because Lao Bao's speech may reveal the signal of interest rate cuts in the second half of the year, and at least two more times will be cut interest rates in the second half of the year. For gold prices, favorable factors still exist;
In short, gold will be patiently waiting for the short-term turning point in the past few days, welcome a wave of counterattack, and test the upper track of the daily channel of 3460-3470;
In terms of silver: the daily silver line level maintains a unilateral rise, relying on the short term of 5 days, the limit continues to rise on the 10th day; so after yesterday's big sun, the support for today's retracement of the limit is 5 moving average 36.6, but from the hourly level, the high sideways trading may be based on the early morning support 37 line and the resistance targets are 37.5, 38, 39, etc.;
Crude oil: From the current channel, after the bottoming out of the previous two days, it has begun to gradually strengthen and rise in the short term again. It was originally planned to continue to be bullish above 73.5 during the day, relying on the middle and lower tracks in the chart, but at this time, the European session supported 73.7 in advance and rose by less than 73.5 tonight. You can pay attention to the 74 line continuing to be bullish in advance, with a resistance target of 76-77;
The above is the author's technologySeveral points of analysis are also the summary of technical experience accumulated over 12 hours of daily market monitoring and review over the past 12 hours in the past 12 years. Technical points are disclosed every day, and those who want to learn can xmserving.compare and refer to them based on actual trends; those who recognize ideas can refer to operations, lead defense well, and risk control first; those who do not agree should just be drifted by; thank everyone for their support and attention;
[The article views are for reference only. Investment is risky, and you must be cautious when entering the market, operate rationally, strictly set losses, control positions, risk control first, and bear the profit and loss at your own risk]
Contributor: Zheng's Dianyin
A study on markets for more than 12 hours a day, persist for ten years, and detailed technical interpretations are disclosed on the entire network, serving 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-bottom rules; student cooperation registration hotline - WeChat: zdf289984986
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