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market analysis
Gold began to sweep away on Monday, with shocks and slow upward movement
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Decision Analysis]: Gold will start to sweep away on Monday, and the shock will slowly rise." Hope this helps you! The original content is as follows:
Zheng's point of view: Gold began to sweep up on Monday, and the shocks slowly moved upward
Reviewing the market trends and emerging technical points last Friday:
First, gold: In the morning of last Friday, it first relied on the shock trend resistance line 4193, suppressed sideways, and first pointed out that the rallies below 4180 were bearish and downward, and the lowest was as low as 4150; because the entire European market is in As the fluctuations are mainly weak and suppressed, it is predicted that the U.S. market will have a second downturn before stabilizing and oscillating upwards. It also points out that the 4180 line is a node. Once it breaks through here, it is expected to test 4200-4215. As a result, after CME Group resumed trading, it directly pushed silver up again, breaking through the historical high and arrogantly holding its head high without looking back, thereby driving the relatively low-key gold up;
Second, white Silver: It is the most beautiful thing this year. It has increased by 98% during the year. It is a ruthless variety. It is expected for a bullish trend that has always been adhered to. However, because it has risen faster, the increase feels scary; but www.xmtraders.compared with the previous period of gold, which has continuously set new historical highs, the value of silver is somewhat underestimated, so this year is treated as a unilateral wild supplementary increase;
Today's market analysis and interpretation:
< p> First, the golden weekly level: If we follow the convergence triangle consolidation cycle from April to August, after last week's big positive, we need to pay attention to the risk of rising and falling this week. There may be an alternation of yin and yang, and we will repeatedly test the short-term 5th and 10th;The bull market has started unilaterally, it may exist, and the moving average seems to be in a long-term arrangement now, but you still need to pay attention to it. After all, there are still about two weeks until important data are released on December 11, December 16, etc. www.xmtraders.combined with the convergence and consolidation pattern of the last four months, it is also There is likely to be further wide consolidation, which just expands the small convergence triangle into a new large convergence triangle. At the beginning of this week, it is patiently waiting for the second pressure node of the large convergence triangle to appear. Pay attention to 4275 or 4325, or it may be between or near the two positions; as long as the daily line appears It is under pressure K, and it continued to fluctuate and fall on the second and third days, and the strength has opened up. Then the second node can be confirmed, and then the upper trend line of the large convergence triangle will basically be established. As long as the market outlook breaks through the upper track of the closing triangle for the second time and effectively stands on it, it will really be a strong bull market trend. The potential unilateral return; if there is a pressure K, the subsequent shock and retracement can at least confirm the upper trend line of the early small convergence triangle, and it does not rule out that the lower trend line is broken down, thereby leading to the lower trend line of the large convergence triangle. This needs to be done step by step;
Third, the golden hourly level: it closed at a relatively high level overnight last Friday. Zhou Video pointed out that we can try to continue to rise this morning. The reference positions are 4215 and 4205. They correspond to the red trend line and the yellow trend line in the above chart respectively. The lowest opening in the morning hit 4205 and successfully pulled up, but the time was relatively early. You can grasp the relatively low level before 7:30, and you have already gone up after getting up late; and after 8 o'clock, you plan to step back. 4215 continued to try to be bullish, but the result was only 4218 and 4219 twice soared directly to the high point of 4256; then since the Asian market has surged, the 618 division position of Dayang in the afternoon has stabilized and rebounded, 4233, then I tried to follow the rise, but unfortunately it only reached 4247, which lacked strength. The big Yin at 14 o'clock basically took back all the gains of the Big Yang. After a wave of washout, I also tested 4215 again; then I hit the high point up and down, and I thought of going back to the beginning of last week. Interval oscillation, the rebound of 618 divided the resistance of 4235, and it was 618 again. It should be suppressed and stepped back to the low position, so that both feet could stand firmly. As a result, Lianyang gradually washed back again. Fortunately, 4231 was given to the capital. Opportunity to adjust positions; then tonight, there is still a divergence in the short-term macd, and the hourly macd is also immeasurable. It is better to be careful of the easy pullback when pulling up. The resistance white channel is on the rails 4275, which is also the 786 points of the first wave of decline in the previous period. The resistance is cut, and the support is that the entire European market rises back to 618, which is also the hourly mid-range track of 4233, so pay attention to the oscillatory operation in the range of 4233-4275; if it is more disgusting, there will be another market wash, and it is possible to repeatedly test the two The support levels corresponding to the trend lines move up to 4220-21 and 4212-15 respectively. If they reach stabilization, they can also be bullish; if you want the shock to weaken, the price must return to the original red channel;

In terms of silver: The daily line is positive on Friday, then the support confirmed by the subsequent retracement is the top and bottom position of the previous double top, 54.4-54.3, and the current price is still some distance away, so it still needs time to wait, and it is not easy to chase the high level. Although the trend is indeed strong, the strong twist is not sweet, and you have to give up. If the bottom position is bullish in the early stage, it is better to hold it patiently. The next one in the long term can wait for 66; today It is also finishing at a high level in the evening, with resistance at 57.8 and support around 56.1; if it falls below 56.1 and returns to the yellow channel, then the daily line may be under pressure K, and there is hope that it will step back to confirm 54.4-54 tomorrow and the day after tomorrow. 3. At that time, the price will be confirmed to be lower and the trend will continue to be bullish. The lower the price, the more dare to try in batches; because gold is in a high-level convergence triangle, and silver is indeed likely to be in the return of the bull market trend;

In terms of crude oil: Although the pressure on the upper rail of the channel this time is a little more ink and www.xmtraders.complicated, it should also just break through to lure bulls upward. Once it returns to the green channel, continue to look at the lower rail support 56.5 line;
The above is a pen Several views on technical analysis are provided as a reference. It is also a summary of the technical experience accumulated by watching and reviewing the market for more than 12 hours a day for twelve years. 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 www.xmtraders.comes first; those who do not agree can just let it go; thank you for your support and attention;
[The opinions in the article are for reference only, investment is risky, you need to be cautious when entering the market, operate rationally, strictly set losses, and control Positions, risk control www.xmtraders.comes first, and you are responsible for profits and losses]
Writer: Zheng's Dianyin
Reading and researching the market for more than 12 hours a day, insisting on 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, and top-bottom rules; student cooperation registration hotline - WeChat: zdf289984986
The above content is all about "[XM Foreign Exchange Decision Analysis]: Gold will start sweeping on Monday, and the shock will slowly rise". It is carefully www.xmtraders.compiled and edited by the XM foreign exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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