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market analysis
Gold is approaching the lower rail of the large convergence triangle again, can it take off up and down 3340?
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Gold is approaching the lower track of the large convergence triangle again, can the 3340 take off?" Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Gold is approaching the lower track of the large convergence triangle again. Can 3340 take off?
Review yesterday's market trend and technical points:
First, in terms of gold: Yesterday's opening directly suppressed the weakening, continued the overnight decline and lowered, and it was a dark drop in the day. This trend wants to rebound and have no chance of shorting. If you rush to go long in advance, you will basically lose all the way. It is the same as short squeeze and pull up all the way. As long as you don't get on the bus early in the morning, you can basically only watch the show afterwards; waiting and watching is also a strategy, temper your mentality, and endure it and not take action until you wait and see. The position that is considered extreme; for example, the 3360 line given by the research report yesterday was the 618 split support for the 3310-3438 pullback, and it is also close to the daily 10 moving average; although the lowest was 3351 in the evening, it pierced a little, but in the end it still held the 3350 defense, exerted its strength upward, reaching above 3370, and the highest was 3377;
Second, silver: The research report pointed out that the lower track support of the 38.7 short-term channel touched and continued to be bullish. The US market just hit, so it immediately rose steadily, pulling up 39.1 at the highest, and there was also a certain profit margin, which was given more than gold;
Today's market analysis and interpretation:
First, gold daily line level: This week, the continuous positive breakthrough will break through the upper triangle upper rail of 3420, and the next day will turn down and close and return to the channel, so it can only be considered a false breakthrough; and today we are approaching the lower triangle lower rail of 3340, and focus on its gains and losses tonight;In the above figure, after 3247 touched the lower track, it closed for three consecutive positives, and after four trading days, it closed for three consecutive positives, and after three trading days, it closed for three consecutive positives, after three trading days, it closed for three consecutive positives, and after three trading days, it closed for three consecutive positives, and according to this cycle, the period of this oscillation and retracement should be two trading days, which means that there is another stabilization and long lower shadow K today, and there may be a cunning move, which is to pierce some 3340 downwards and then pull back. In the channel; in short, it is to see whether the 3340 line or puncture can bring a more obvious bottoming and pulling up signal intraday. Once the long lower shadow K closes, it may launch a continuous positive pull-up at the beginning of next week. Then it will go up and test the upper track, and it should really break up and stand firm;
Second, the golden hourly line level: Today's Asian and European trading trend is basically the same as yesterday. It is directly under pressure at the opening, and then it falls slowly downward. Even the overnight resistance level of 3377 line cannot be tested, so it has been Choose to wait and see, just wait for the trend you are familiar with or think the best entry point; then today's European session is weaker, and there is still a second downward trend in the US session. You have to wait until the second suppression is xmserving.completed before you can consider welcoming a wave of bottom-down pull-up. It is also still in a state of macd bottom divergence. The time node still needs to be stuck around 21 o'clock, and there is no hurry at the moment; but at this time the price has reached close to 3340. If you drop again in the evening, it is similar to yesterday. The key expectation support may appear in some way, so we will follow it. The crossover is stuck in a range of 10 meters. Tonight, we will pay attention to the K signal of stabilization and bottoming out of the 3340-3330 area, and then we will intervene in the low-level bullishness and make a wave of pulling up the divergence; the short-term resistance above is 3360-63. Once the rebound breaks through and stands above it, the rebound is expected to gradually form a short-term reversal, and the daily line will again show a long lower shadow K, so that the low-level bottom will be successful again; this is all in advance, and the expected view must be used to respond flexibly based on the market trend;
In terms of silver: the daily-level silver has been significantly stronger than gold in the recent trend, and is still waiting to fall back and stabilize and bullish; from the above chart channel, pay attention to the support near 38.45 tonight, with resistance of 38.9-39; if there is a sharp drop in unexpected situation, pay attention to the stabilization of the 37.9 line as a backup;
In terms of crude oil: The upper rail of the yellow channel is under pressure. Tonight, the support below 66.6 is under 65.5-65.3 is under 65.5, and if it is lost, it will further fall. On the contrary, if it breaks through the new high and stands above 66.6, it will break the channel and continue to rebound and attack;
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. It will be a summary of the technical experience accumulated by the market watching and reviewing for more than 12 hours a day.Disclose technical points, cooperate 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 agree should just be over; 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, operate with rational operation, 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! 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
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