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market analysis
Gold continues to rise strongly and approaches 3900, and it still needs to be seen as a rebound tonight
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Hello everyone, today XM Foreign Exchange will bring you "[XM Group]: Gold continues to rise strongly and approaches 3900, and it still needs to be bullish if it falls back tonight." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Gold continues to rise strongly and approaches 3900. It still needs to be bullish after a fallback tonight.
Review yesterday's market trend and technical points:
First, gold: Yesterday morning, it was originally planned to continue to be bullish at 3823, but it did not fall to this point. It directly squeezed the short-term positive and pulled up a wave of 3870, and closed at 12 o'clock. It was a continuous positive and then last few hours in the afternoon. At 15 o'clock, it still bottomed out and pulled up, so I couldn't help but follow the bullish. As a result, the 15 o'clock closed line and suddenly suppressed the last 5 minutes, quickly falling below 3860 support. Following the trend, it failed; then the top showed a big negative, and it turned around and turned down quickly in 5 minutes. I felt that it was not good. I was worried about a back-test. I notified my previous bottom position in the hand, and at the 3860 line and In the end, there was a 70-meter dive in the European session, which was short at 3804, and continued to hold long in the medium and long term. The US session continued to be positive. When there was no second suppression at 22 o'clock, you should be careful to make up for it, indicating that you are not in a hurry to bearish. As expected, a V was almost washed back. Then the profit of the band bottom position was made, and it took another profit hedging, which led to an additional 50-meter profit. However, at that time, 3860 did not dare to test the short-term bearish pullback immediately. On the one hand, the stop loss was slightly larger, and on the other hand, it was worried about sweeping back and forth. After the decline, it was reminded to pay attention to the stability of the 3790 support, which was also two or three meters away. Therefore, a good position still requires a certain degree of fate and may not be given, and you will make a layout in advance, and you are worried about being prone to puncture or washing the market;
Second, in terms of silver: Yesterday, the European session was also profit hedging protection, 46.The 75-line prompted short selling hedging. The US market was short at 46.1, leaving long, and then rose to 46.75 in the evening, which means that the band bottom position is long, and also grabbed the price difference profit of 30 to 40 meters;
Interpretation of the market analysis of today:
First, gold daily line level: Yesterday, relying on the 5 moving average to bottom and pull up, closing a long lower shadow to bottom and anti-positive. This pattern appears, it is still a strong state of continuous positive. So for today, the plan is to first step back to the 5 moving average and then move closer. Continue to stabilize and pull up and strengthen the attack, so that the unilateral duration and strength of the bulls will be good; however, today we will continue to rise and exert force, and the retracement is not in place, so in this case, it is easy to close with a long upper shadow K pattern. Once implemented, we must eventually repair the 5 moving average or even the 10 moving average, and then stabilize and further increase. Therefore, we need to be cautious tonight and it will rise higher and fall. It is not easy to chase the rise too much at the high level, and wait until it reaches the short-term moving average and stabilize before looking to the bullish;
Second, golden hourly line level: From the above chart, the yellow channel lower rail reverse pressure point was touched in the morning, and the previous high was not broken through 3872 overnight. I thought about treating it as a wide range of highs today. First look at a wave of pullbacks, wait until it approaches the daily 5 moving average before going to continue to bullish on lows. As a result, it pierces the high point of yesterday 3 meters, and then falls downward and sweeps out; in the afternoon, it has been fluctuating back and forth around 3870-3850, waiting for its chance to pull back to the daily 5 moving average, However, it has not effectively lost the 10 moving average. If it does not fall, it is still in a certain short squeeze state. The European market has been strong and strong upward to 3895, but it still only pierces the lower track of the yellow channel, so the current wave of decline and downward has appeared. Even if the ADP data is more favorable tonight, it is useless. Therefore, in www.xmtraders.combination with the trends in the past two days, the volatility has increased, and then there is a large washing action on the market, constantly tempting the breaking level to pull up and chase the rise, or pulling back some follow-ups; breaking down and falling, or rebounding some follow-ups, and some follow-ups. The decline will eventually lead to a large sweep of more than 50 or 60 meters, and the long and short positions will be cut. In this case, if you operate the long positions at the relatively low level in the previous period, you can do it boldly through the profit hedging method. For example, if the price is pushed up first today, you can make a profit hedging. Wait for a wave of the later pullback to close to the daily short-term moving average and then leave long. If you stabilize, you will pull up again, and the price difference will quickly make a profit of dozens of meters; the bottom orders of the own are large profitable, and gold closed at a super big positive in September. (equivalent to the increase in the previous two months), this month it is easy to repeatedly show a way to pull up and fall back, and finally close a positive one;
For tonight, individuals tend to be patient to wait close to the daily 5 moving average 3815-10 to grasp a good low again. At this time, pay attention to the middle rail 3865 and the upper rail support of the blue channel 3854. Once these two positions are lost one after another, it will basically be a large-scale washing of long and short ones; if these two support is maintained, you will maintain it.Relatively high-level oscillation operation;
Silver: Similarly, the daily line has not fallen back to the 5 moving average and is in place. It is correct to directly attack the upward trend. The trend is always upward, which means that the best bullish point in the day is not given opportunities; so it is also bullish tonight but no longer chases the rise. I hope to give a daily 5 moving average a chance to follow the trend and be bullish. It is also the best puncture. The lower the pull, the repair, and the sideways consolidation can be carried out, so that it can be pulled further in the later stage; 46.4-46.5 support is bullish;
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 daily 12 hours of 12 years, and every day will be Disclose technical points, cooperate with text and video interpretation, friends who want to learn can www.xmtraders.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 cautiously, 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! www.xmtraders.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 Group]: Gold continues to rise strongly and approaches 3900, and it still needs to be bullish if it falls back tonight". It is carefully www.xmtraders.compiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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