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Whether gold can continue to rise depends on the European market!
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: Whether gold can continue to rise depends on the European market!". Hope this helps you! The original content is as follows:
Yesterday I saw the news that Mr. Fan gave birth to his only son at the age of 87, and suddenly realized that ability and cognition are really related. We cannot understand it until we reach this level, at least in our cognition. It should not be possible, and the problem is that we only have the right to speak when we reach this age.
Actually, if you think about it, why not trade? When you think others are bragging and talking nonsense, it's just like this. The height that you can't reach happens to be the bottom line that others can reach. When you reach this height, you will believe more.
Good morning, you in front of the screen, the simplest way to understand that people can’t make money beyond their cognition is that they can’t understand it, can’t understand it, and can’t think of it. It's not difficult to understand, but it's not difficult to understand. It's the same as the test paper. Once you know it, it feels very simple. If you don't know it, you don't know how to start.
In terms of gold, the daily sun showed strength and finally broke the previous high closing price.
However, silver continues to rise sharply, and it is not certain whether gold can stabilize.
Because the early rhythm emphasized to everyone that it was a shock.
At the same time, the price advanced three times and retreated two times, slowly breaking through the high, which was a concussive rise.
So I have been following this rhythm. Suddenly the sun rises, and I am still a little doubtful whether I can continue to follow today.
Let me sort out yesterday’s technical points:
1. It surged higher in the morning and looks for continuation. The low in the early morning coincided with the 4220-1 line and the top-bottom transition level. This is a long order position. But it's a pity that it has continued to fall. It's a pity that after the position is broken, the long position must be adjusted.
2, 618, the 618 line is in shock. I have always emphasized this point and would rather make a mistake than let it go. The shockThis is the situation with swings, and this position is 4206-07, continuing the long position. The lows hit back as expected.
3. The US market is at 618. Since it is a shock, you can also participate in the 618 position after yesterday’s decline, so you can counter-draw the 4231 line. This has the same problem. If it hits the high and breaks the high immediately, you think something is wrong, and you will be out of the game immediately if it pulls back.
There are two points to talk about:
1. The same position, execution after touching.
2. The method and feel of the game to predict errors. In the same position, what I talked about is not about not going in, but about why it feels wrong after entering, and whether it can be adjusted to be out.
This is not an afterthought. It is a summary of our daily operation ideas and processes. The second day is the first day of review, and then the prediction of the second day. This process is to train the trading sense.

As for today, the sun is rising, and the key today is the strength of the continuation. I am also worried that the fluctuation will still rise.
After all, today is the first breakthrough, and the early rhythm was a fluctuating rise.
As for the big rise and breakout of the high, the logic of operation must be low and long.
1. It rose the previous day and corrected in the morning of the second day. There are three long positions:
(1), the low of the early morning correction was touched once at 4264-5.
(2), the golden section 382 position is at 4255.
(3), the bottom of the last big positive line coincides with the previous day's high point of 4248-50.
Remember, the more it falls, the weaker it will be to rise.
Yesterday was the second retracement after rising high in the morning. The timing of the European market is very important to judge whether it can continue to rise.
1. Counterattack in the morning and continue to suppress the second retracement. The 382 position can be more, but be cautious about going higher.
2, 4286, the focus of the European market, has been suppressed during the day, not much at night. Beware of false breakthroughs or shocks.
3. The European market won 4286 to go strong, and the US market had one more.
4. To sum up:
Since the early rhythm is fluctuating and rising, Dayang may not continue to strengthen in the future, but the trend is strong, so just follow the bullish operation.
Whether it can break through the high depends on the European market, which broke through the previous day's high of 4285, and the US market once more.
If the European market breaks through the morning low of 4264 for the second time and retracees and corrects, causing the European market to be suppressed below yesterday's high of 4285, then the US market will see shocks at most. The European market will be sideways for a long time, and the US market will also beware of a second retracement and shock.
Don’t break the high, don’t chase long, and grasp the rhythm of your own trading.
[The above opinions are for reference only, investment is risky, please be cautious when entering the market]
The above content is all about "[XM Foreign Exchange Market Analysis]: Whether gold can continue to rise depends on the European market!", which is provided by XM Foreign ExchangeThe editor carefully www.xmtraders.compiled and edited it, I hope it will be helpful to your trading! Thanks for the support!
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