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The lower track of the golden daily line channel is tested in place, and if you hold it, you will establish a turning point.
Wonderful introduction:
Walk out of the thorns, there is a bright road covered with flowers; when you reach the top of the mountain, you will see the cloudy mountain scenery like green clouds. In this world, a star falls and cannot dim the starry sky, a flower withers and cannot desolate the whole spring.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: The lower track test of the golden daily line channel is in place, and if you hold it, it will establish a turning point." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: The lower track of the gold daily line channel is in place, and holding it will establish a turning point.
Review yesterday's market trend and technical points:
First, in terms of gold: yesterday, it still maintained the back and forth fluctuations in the channel, and repeated and non-continuous operation; therefore, short-term long and short back and forth operations have good profits, but it is not clear how many times it has been repeated, so you have to close when you see the good. In fact, I am content with one long inside and another short inside;
Second, silver: After a wave of upside the previous day, the high level was corrected yesterday, and it relied on the daily short-term moving average to operate;
Third, crude oil: crude oil has gradually fluctuated and strengthened in recent days, and the short-term upward channel has remained good, and it has stabilized and repeatedly bullish on the lower track;
Interpretation of today's market analysis:
First, yellow Gold daily line level: Overnight the Federal Reserve meets market expectations, but still does not cut interest rates, suppressing gold prices. In the end, a wave of decline continued today, just testing the lower track of the channel, which is also up 3345-46 in the middle track; then whether it can maintain the lower track position in the next short-term direction; from the performance of the European session bottoming out and pulling up in the day, there is a good stabilization reaction. Of course, to effectively stabilize, we must close and re-establish the 5-momentum 3390, or It is worth looking forward to; if you stand firmly on 3390, you will have hope to gradually test the upper track, that is, 3460-3470. If the time drags slower, the upper track pressure level will move upward to the 3480 line; of course, you must also make the worst plan. Once the middle or lower track is effectively lost, the strong support turning point of the next test is 3280-3290, which is also the lower track of the weekly upward channel, close to the 10 moving average, and stability here will still be invincible.Counterattack returns to the big trend bulls; therefore, there is still no problem with the trend bullish trend, but the question is where this round of oscillation pullback ends. Once you leave Wall Street control and restore its risk aversion attribute, you may directly test the upper track of the channel, even 3500 in a few days;
Second, gold 4-hour level: macd is already under the zero axis, and the future market is to wait patiently for the formation of the golden fork and brew a powerful and sustainable pull-up; important pressure is still the middle track, and it is effectively standing up, and this cycle will strengthen;
Third, golden hourly line level: From the distribution of channels in the figure above, after the European session pierces the lower rail of the blue channel of 3360, it touches 3347, which is the lower rail of the daily line level in the past few weeks. After stabilizing, the bottom is strong and the positive one at the bottom is negative, which means that the blue channel temporarily belongs to a false break. Tonight its lower rail supports 3360 line as a support point; and the resistance is the upper rail of the yellow channel 3378, which is currently under pressure, and it happens to be the middle rail. If you can break through and stand on it, you can point to the upper rail of the blue channel, about 3395 line; in the end, only by breaking through the upper rail of the blue channel can you have It is expected to end the bottom oscillation and return to the short-term strong point. This will take time, because the market is closed early tonight, or there may not be much momentum, and there will be no big fluctuations, so we have to wait for tomorrow. In addition, generally speaking, if we need to establish a short-term bottom, it is difficult to stand firm with one foot. There should be one wave of downwards and a second downward drop, a low point, and then bottoming up and breaking through the previous high point, then it can officially establish a turning point and end the downward adjustment;
Tonight, we will use 3360 as the support point to stabilize and try to rebound bullishly; suppress below 3395, try to fall when high and bearish, and still treat it as a fluctuation;
Silver: Today it also followed the decline of gold and no longer maintained its independent strength; the European market fell below the bottom, and the US market should pay attention to the secondary pressure, but this price dare not be bearish directly. Pay attention to the mid-track 36.6 line of the hourly line. The rebound before 22 points is under pressure. You can consider looking at the secondary fall; only after the second suppression is over, the bottom low point will remain stable, and then consider looking at a wave of pull-up rebound; the daily short-term moving average has not been closed, and the strong support is above the mid-track 35. If the correction continues, the maximum adjustment position should be focused on the range of 35-35.3; the current convergence triangle trend line is supported at 36.2. If it cannot hold it, it may continue to lower. If it can hold it, it will pay attention to the 36.6 resistance suppression upward; it will end this wave of adjustment, and it can only consider it after it breaks through and stands on the mid-track of the hourly line;
Crude oil: As shown in the figure, the upward channel remains good, although there are several punctures,It's okay if the closing is within the channel; tonight the lower track support moves upward by 75.5, and this position continues to maintain a bullish rise, with a resistance of 77-77.7;
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 and review 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. Those who want to learn can xmserving.compare and refer to the actual trends. Those who recognize ideas can refer to the operation, and bring Be good at defense, risk control first; if you don’t agree, just drift by; thank you for your support and attention;
[The article views 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 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, persisting for ten years, and detailed technical interpretations are made public 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 and bottom rules; student cooperation registration hotline - WeChat: zdf289984986
The above content is all about "[XM Foreign Exchange Decision Analysis]: The lower track test of the golden daily line channel is in place, if you hold it, you will establish a turning point". It is carefully xmserving.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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