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Gold and silver continue to hit record highs strongly, and the callback to the north is still the main theme.
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market www.xmtraders.commentary]: Gold and silver continue to hit record highs strongly, and the pullback northward is still the main theme." Hope this helps you! The original content is as follows:
Zheng's Dim Silver: Gold and silver continue to hit record highs strongly, and the callback to the north is still the main theme
Reviewing yesterday's market trends and emerging technical points:
First, gold: Yesterday, we first repeatedly sorted around 4600-4575. When the hourly line showed a good Dayang K, we thought that 4575 showed a stabilizing signal, and relied on the 618 division position to follow the northward trend. , unfortunately pierced 4575; then 4575 and 4577 continued to rise northward on dips. Although the ambush was cancelled, the result was consistent and it still rose as expected, reaching the highest level of 4630; at night, it was pointed out that gold Don't chase the rise. Once silver falls back, it will follow the downward trend. It will wait until it tests the intraday low of 4573 again before planning to go north. The lowest is the 4570 line. This price corresponds to silver's price of 86 at the time. It has risen again today, which is in line with the trend. Conforming to the prediction;
Second, silver: The road to the north continues. In the past two weeks, the 70 band went north, and the 74 band went north. This week, the 85 and 86 bands continued to go north, unilaterally pulling up all the way. Today The highest is approaching the 92 line;
Today’s market analysis and interpretation:
First, the golden daily level: On Monday, Dayang broke through and reached a new historical high of 4550. Yesterday, it closed at Xiaoyin, which is a correction. Positive, it has risen again today; judging from the current trend, the bullish trend is still very strong. As long as the 5-day moving average does not fall effectively, the short-term short squeeze will be maintained. The recent trend of gold is a wave of positive rise + sideways + continuous positive trend. rise, there are occasional short-term corrections of big Yin in the middle, so if we look at today's pattern, if it rises and falls to close with the long upper shadow line K, then it will start to trade sideways at a high level; if it closes with a good full positive K, then it will continue to pull up unilaterally; the short-term channel is on trackResistance corresponds to the 4675 line today, and the 5-day moving average support moves up to the 4555 line;
Second, the golden 4-hour level: the short-term 5-day is still a golden cross on the 10-day, running strongly at a high level, but the macd is stagnant, and it needs a correction to pull up better; the mid-rail support moves up to 4571, this position continues to look north, the current high is cautiously pursuing the north, and it is easy to rise and fall;

Third, the golden hourly level: After successfully testing the 4573 support overnight, today's opening opened directly upwards and rose all the way to the highest line of 4639, which is also the upper rail of the box channel in the picture. 4640 has been under pressure many times. Pay attention to its gains and losses tonight; if it breaks through, it may continue to have room, but it is easy to rush higher and fall back; the ideal trend is to tend to suppress a wave downward, maintain high consolidation, and then touch the lower rail of the channel 4580- The support of 4570 is stable before moving up tomorrow; after the highs are repeatedly range-bound, the daily line will continue to break higher and develop, and then be careful about whether there will be profit taking at the end of Friday; therefore, tonight, pay attention to the resistance below 4640, if it breaks above, pay attention to the resistance below 4675 on the daily line, support 4580-4570, try to see as much as possible in the middle, just get stuck on both sides, generally maintain the northward trend, and follow the general trend;

Silver: From the picture above, we can clearly see that the recent trend pattern is that the current upward channel with a relatively steep slope is very similar to the previous wave, so its lower track support is the node, which is more important. It currently moves up to the 87 line. As long as the lower track is held, the channel will continue to develop upward. Once the lower track is lost, it will continue to develop upward. The similar yellow downward channel in front is subject to short-term adjustment; of course, the general trend bulls have remained unchanged, it has risen too much, and it has risen too sharply and too fast, and it is normal for adjustments to occur, and you can have the opportunity to catch the northward position of the relative band again; tonight the resistance is below 92.5, approaching the upper rail, pursue north cautiously, step back above the lower rail 87 and continue to move north steadily;

Crude oil: After breaking through the resistance of the daily 66-day moving average, which is also the resistance of the upper rail of the green channel at 59.8 in the chart, it will further continue to rebound upward. Tonight, focus on the lower rail support of the yellow channel above 60 to continue the bullish rebound, with the resistance target of 63 and above;
The above are the technical analysis of the author. This point of view, as a reference, is also a summary of the technical experience accumulated by monitoring and reviewing the market for more than 12 hours a day for 12 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 first; those who do not agreeJust let it pass; thank you all for your support and attention;
[The opinions of the article are for reference only, investment is risky, you need to be cautious when entering the market, operate rationally, set losses strictly, control positions, risk control 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 Internet, 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
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