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Gold successfully suppressed a wave at 4150 in the morning and rose at 4097 tonight
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Gold successfully suppressed a wave of 4150 in the morning, and will rise at 4097 tonight." Hope this helps you! The original content is as follows:
Zheng's point of view: Gold successfully suppressed a wave of 4150 in the morning, and 4097 is bullish tonight
Reviewing yesterday's market trends and technical points:
First, gold: Yesterday morning, we relied on the 618 division position of the previous day's high and low points at 4053, and also conducted a shock attempt close to the position where 4055 was the two support rebounds before closing. Bullish, but the price did not support it and fell directly to 4040, which is the lower rail support of the bottom red upward channel in the past month. After stabilizing and bottoming out, it still insisted that there would be a wave of shock and rise this week, pointing out that the 4048 band was bullish. In the afternoon and the US market, it relied on the top and bottom support and the 618 split position to resonate. It pointed out that 4067 and 4074 were bullish in the short term, and finally reached the 4100 target; the night plan is to return Stepped on 4080 to be bullish again, but unfortunately it was not given. Before the closing, it broke through 4100 and directly hit 4124;
Secondly, silver: yesterday morning, silver was relatively resistant to falling, and stepped back to stabilize the hourly line. Finally, the European market stabilized and fluctuated and pulled up, and the US market fluctuated again and followed up with a second rise, reaching the 51 target;
Today's market analysis and interpretation:
First, gold Daily level: Yesterday, it closed at Dayang K, successfully stabilizing the lower rail support and the middle rail support of the small convergence triangle, and also successively breaking through the 5-day and 10-day moving averages, respectively, 4097 and 4104, which became intraday support today. It is expected that there will be some support when approaching them, and if you want to quickly test the convergence and upper track, it is best to hold on to the short-term moving averages on the 5th and 10th; if the price closes and falls below them, it will enter a wide washout between long and short.The focus this week is to pay attention to the breakthrough of the upper and lower rails of the small convergence triangle. As time goes by, the gap will gradually narrow and eventually break through one side, thus expanding the wide range of shocks and entering another larger convergence triangle; this is also a point interpreted in Zhou's video. It is believed that even if it breaks through the small convergence triangle Converging the upper and lower rails of the triangle, its continuity is not expected to be too long;
Second, the golden 4-hour level: stick to the annual moving average, every time it is a pin-type rebound, tonight pay attention to the 10 moving average and the 66-day resonance point 4104 first-line support;

Third, the golden hourly level: it rose all the way overnight, and continued to rise this morning to the highest line of 4156, which is close to the yellow trend resistance line in the picture above. However, due to the recent period of shock, the continuity is relatively poor. The first increase means that it is easy to rise in the afternoon or in the European market, and then rely on the high level of 4150-4160 to bear pressure. The district first looked at a wave of correction downwards, which finally met the prediction and fell to the current lowest line of 4109, close to the 383 dividing point 4111 where yesterday's gains were suppressed; while the European market surged higher and fell, falling below the Asian plate lows, the rebound at this time should not follow the bullish trend, and it is easy to induce bullishness. Relying on today's high and low points division, we can find that 4138 is exactly the 618 division resistance, temporarily time is under pressure; then the best choice tonight is to wait and suppress the downward trend for the second time. Either 4109 stabilizes and forms a double bottom, or it pierces it and is confirmed by the moving average of 4104, or 4097 (50% split support) stabilizes to see the bullish trend. It just so happens that these two positions also correspond to the short-term 5-day and 10-day support at the daily level; the resistance is 4138-4140 , if it breaks above it, it will also stand on the 10 moving average, which may not be easy to fall, and will continue to push up to test the 4150-4160 high area; the node position is 4097, and when operating at this position, the overall shock is strong; when operating below this position, the shock will become weak, which means that long and short wide washouts are prone to occur;

Silver: Its trend pattern is similar to that of gold. The daily line closed at Dayang yesterday, and today it steps back to confirm the short-term 5-day and 10-day moving averages to see how they stabilize; from the chart above, there is trend resistance at 51.6-51.55, and the lower rail of the blue channel and the lower rail of the previous red channel resonate and support at 50.7-50.6. Dips at this position continue to be bullish;

Crude oil: Continuing to focus on this chart for a month, the upper rail resistance moved down to 59.5, the lower rail support moved up to 57, and the range was set aside to watch the shock;
The above are several views of the author's technical analysis, as a reference, and also for the past twelve years, 12 dailyA summary of the technical experience accumulated from watching and reviewing the market for more than hours. The technical points will be disclosed every day, with text and video interpretation. Friends who want to learn can www.xmtraders.compare and reference based on the actual trend; those who agree with the idea can refer to the operation, take good defense, and risk control first; those who do not agree can just ignore it; thank you all for your support and attention;
[Article Views] For reference only, investment is risky, you need to be cautious when entering the market, operate rationally, set losses strictly, control positions, risk control www.xmtraders.comes first, and be responsible for profits and losses]
Writer: Zheng's Dianyin
Reading and researching 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 with sincerity, dedication, sincerity, perseverance, and wholehearted service to the end! Write www.xmtraders.comments on major financial websites! Proficient in K-line rules, channel rules, time rules, moving average rules, segmentation rules, top-bottom rules; student cooperation registration hotline - WeChat: zdf289984986
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