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Europe and the United States reach an agreement, gold bulls retreat and return to the triangle to converge
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Europe and the United States have reached an agreement, gold bulls retreat and return to the triangle to converge." Hope it will be helpful to you! The original content is as follows:
Zheng's silver spot: Europe and the United States reached an agreement, gold bulls retreated and returned to the triangle convergence
Review yesterday's market trend and technical points:
First, gold: Yesterday's Asian and European sessions, or before 20 o'clock, are all looping and moving forward the day before the day of the previous day: first continue to rise slightly in the morning and then rise and fall, the afternoon oscillation suppresses the retracement, and then stabilizes 3500-3 many times The trend line of 453 is back to the point of retraction, corresponding to the 3419-18 position. The European session entered the range consolidation. Therefore, it was repeatedly reminded that 3419 will continue to be bullish during the day, and they all successfully lifted the 10-meter range. When the 20 points also closed positive, it was thought that the US session would continue to directly break the high, but unfortunately, it broke down and fell to the 3416 daytime low point. After hitting the previous day's gain and retracement of the 618 segment support 3405, it bottomed out and tested 34. The 20-line trend line reverse pressure point; when we saw silver continue to break through new highs, the dollar suppression weakened again, we thought that gold might be tempted to lower the short position and test it aggressively; but the steady approach still needs to wait for the hourly line to close and stand above 3418 before following the bullish trend. As a result, after the early morning, European and American tariff agreements were reached, and gold directly avoided and disappeared, instantly falling below 3405, falling to 3381 line, so that the daily line level will regain again In the triangle, it will take a few more days to run;
Second, silver: It was originally very resistant to declines, but when gold plunged, it canceled the long 39.05. As a result, it reached this position and rebounded to 39.35, and there was also a certain room for pulling up;
Today's market analysis and interpretation:
First, gold daily level: yesterday closed down and swallowed the big negative, and the high convergence triangle upper track 3420 broke throughIf you suppress it again, you will not be able to stand up effectively, which is equivalent to giving a smoke bomb, thinking that you will continue to attack in one breath; yesterday's research report also mentioned that if you close the negative and cannot stand firmly on the upper track, then you will have to oscillate for a few days when you return to the end of the convergence triangle, and then wait for it to stabilize and break up again; today's corresponding lower track of the convergence triangle is the 3337 line, close to the middle track. Every time you get close to the lower track, you will try a short-term bottoming. The first three recent times of 3247, 3300, and 3310 have been successfully promoted, and each time you have a 100-meter upward space. Will you test again? According to the recent pattern trend curse: after touching the lower track and showing three consecutive positive pull-ups, we must suppress the oscillation and retracement. The first is five trading days, the second is four trading days, and the third time is three trading days. That is to say, today we should not directly test the lower track of the convergence triangle, or wait until tomorrow, and then get a stabilizing K, and then push the pull-up next week; therefore, we should pay attention to the support near the 10 moving average 3363-60 today, See if there is a short-term stabilization, and the upper rail of the convergence triangle moves downward by 3418. You must break through again and stand firmly before you can usher in a good unilateral pull-up;
Second, the gold 4-hour level: the middle rail and the 10 moving average effectively break through overnight, and tonight it will become a counter-pressure, which just corresponds to the morning high point 3393-94. It is a certain feng shui hurdle, and if it cannot pass, it will be in a suppressed state; if it passes, it can further rebound to test 3418;
Third, golden hourly line level: a break-break and plunge overnight. Today is considered to be a direct decline. It has not corrected the decline last night. It has been a continuous decline all the way. It has been a slow decline. Some people need to directly correct it in one breath. It is currently hovering above 3360. This position is the 618 segment support of 3310-3438 retracement. Generally, in the face of this 618, you must try to stabilize. However, due to the continuous decline in the European session, the US session has a wave of pull-up before and after, which may be due to the inducement of long-term pressure and secondary suppression. Therefore, once it rebounds after 20 points, you must choose the opportunity to take down protection. If the 3384 middle track is still suppressed, you plan to see the second suppression and decline in the short term; in addition, if you keep grinding until 2 Before 2 o'clock, there is no temptation to rebound. Then after 22 o'clock, it is best not to rebound easily and look at the suppression. It is easy to see the V movement, or move upward to see the pressure, such as 3416-18 down; of course, under the weak oscillation suppression, the 618 division position cannot be held, and directly continue the second pressure level, then it is really possible to get into the position in one step, directly approaching the daily convergence triangle lower track 3337, and you must dare to speculate in the short term again near this position; there is another point, slow down all the way down, short-term macds are all deviating one after another, and the low level is not good, and you dare not chase the decline directly, and it is easy to have an oversold rebound correction at any time;
Silver: at the daily level, silver still maintains a good strong upward pattern, and try to continue to fall back and bullish; tonight the lower track of the yellow purple channel stabilizes and bullish on the support of 38.7, and the resistance is 39.2, and you can only return to the yellow upward channel after breaking through the station;
Crude oil: In the past few days, it has been prompted that the indicator bottom divergence state will appear, and it will rebound oversold. It has been polished until today. However, we must pay attention to the upper track of the yellow channel below 66.7. Under pressure, the suppression falls. After repairing the divergence, we must return to the suppression state.
The above are several points of the author's technical analysis. As a reference, it is also the summary of the technical experience accumulated by the market and reviewing more than 12 hours a day in the past twelve years. Technical points will be disclosed every day, and the text and video interpretation will be interpreted. Friends who want to learn can xmserving.compare and refer to it based on the actual trend. Those who recognize ideas can refer to operations, lead defense well, and risk control first; those who do not agree should just float by; thank everyone for their support and attention;
[The views of the article are for reference only. Investment is risky. You must be cautious, rationally operate, strictly set losses, control positions, and wind control First, you will bear the profit and loss]
Contributor: Zheng’s Dianyin
A study on the market for more than 12 hours a day, persisting for ten years, detailed technical interpretations are made public on the entire network, and serve the wholeheartedly, sincerely, persistently and wholeheartedly! xmserving.comments written on major financial websites! Proficient in the K-line rules, channel rules, time rules, moving average rules, division rules, and top-bottom rules; student cooperation registration hotline - WeChat: zdf 289984986
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