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market analysis
Gold is still in fluctuation and repeated, and it is stable tonight at 3317
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: Gold is still in fluctuation and repeated, and it will stabilize on 3317 tonight." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Gold is still in fluctuation and repeated recurrence, and it is stable tonight at 3317
Review yesterday's market trend and technical points:
First, gold: Yesterday's trend overall still maintains the cyclical fluctuation of the previous two days, the Asian session directly rose first, the European session suppressed sideways, and the US session suppressed a wave. The only difference is that it was affected by a few words from Lao Te at night , stimulated the gold price to rise to 3377, and then fell to 3340; the Asian and European sessions rose, against the bullish price of 3325 overnight, successfully making a profit of 3339; while the US PPI data was bullish, it used the help of a rebound of 3335 and followed long, but unfortunately broke 3329 and was eliminated; then it planned to buy at the bottom of 3310, but did not give any chance; it did not participate in the subsequent violent sweep;
Second, silver: Yesterday The daily decline touched the 37.6 support mentioned in the research report, and after stabilization, it rebounded again to the intraday high of 38.1, and then under pressure;
Third, on the crude oil: The research report mentioned focusing on the 65.5 support. After stabilization, it used the hourly line macd bottom divergence to indicate that 66 is bullish rebounding, successfully reaching the 67 line, recovering gold losses;
Interpretation of today's market analysis:
First, yellow Golden Sun Line Level: Yesterday's closing report was small positive with an upper shadow line. Although it ended the continuous negative, there was still sideways resistance below 3374, and it still continued to be treated around the oscillation. In recent months, the convergence triangle consolidation has gradually moved upwards above 3310. The closer this position is, the stronger the support is, you must dare to try to speculate; only if you close above the closing point exceeds 3374, you can hit 3400 and the upward direction of the convergence triangle.The key resistance of the rail is currently moving down to the 3420 line; therefore, the range of the end consolidation is reduced to 3420-3310, and there is still a certain amount of space, and it is expected to still fluctuate for at least two weeks;
Second, golden hourly line level: From the above chart, last night's sharp pull only pierced the upper track of the channel, and is still in the oscillating downward channel; today's trend cycle has changed, the Asian market has not risen, but has fallen, and the European market is expected to consolidate in a small range, so see if the US market can bottom out and rise; tonight, pay attention to the lower track, corresponding to the precise position is 3317, but for these two-day oscillations, you can either not give it, or you may pierce something if you give it, so 33 17 or below, try to stabilize and bullish if you pull down, and the continuity will still be poor. The weak Asian and European sessions may not necessarily lead to continued weakness in the US session. There are two resistances above, one is the middle track 3340, and the other is the upper track 3347-48. Only by breaking through and standing firmly on the upper track can you have the opportunity to impact 3374 again, or approach the yellow trend line resistance level 3379; if you pull up, you still cannot bear pressure, and continue to oscillate according to range, and you can fall back when you are high;
Silver: A good channel basically corresponds to good support or resistance; today's operating channel focuses on the blue area in the figure; the upper rail is 38 at one line of resistance, the lower rail is 37.4 at one line of support, and it will hit 37.4 first tonight and stabilize and bullish when it is low;
Crude oil: Yesterday, the closing of a long lower shadow K, and there are certain signs of double bottom in the 65.5 line. Today, the rebound will stabilize and continue to rebound. The key support should be 618 split position 66.05. This position is bullish tonight, and the resistance is 67.4 channel reverse pressure. Only by breaking through and standing on it can we return to the previous upward channel and then further rise and rise;
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 watching and reviewing for more than 12 hours a day in the past twelve years. Technical points will be disclosed every day, in line with text and videos. Interpretation, friends who want to learn can xmserving.compare and refer to the actual trends; those who recognize ideas can refer to the operation, lead the defense well, risk control first; those who do not agree should just be over; thank everyone for their support and attention;
[The views of the article are for reference only. Investment is risky. You must be cautious in 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 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! eachComments written on the Big Finance website! 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 Analysis]: Gold is still fluctuating and repeating, and it is stable tonight at 3317" and is carefully xmserving.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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