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market analysis
Gold started a strong daily bull streak and surged unilaterally, and silver began to trade sideways and stagnate; ;;
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Hello everyone, today XM Forex will bring you "[XM Forex Platform]: Gold started a strong daily bullish unilateral surge, and silver began to trade sideways and stagnate, ;;". Hope this helps you! The original content is as follows:
Zheng's point of view: Gold started a strong daily bullish unilateral surge, and silver began to trade sideways and stagflation
Reviewing yesterday's market trends and emerging technical points:
First, gold: Yesterday morning, the support was still stable at 4660, the upper track of last week's sideways range, so 4 660 continues to move northward, and finally successfully reaches 4690-4700; and since the trend of gold's daily level has been a step-like upward attack since October, the breakthrough of Dayang is followed by several days of high sideways and then Dayang breakthrough and then sideways. Therefore, the Dayang breakthrough the day before yesterday was originally brewing in a certain box shock range at a high level. Brewed, first pointed out the resistance below the upper track of 4718 on the daily channel, but only stepped back to 4705 during the day and pulled up again. The US market was under pressure twice and fell below 4750. At that time, the short-term macd divergence was serious, thinking that the shock range would begin. As a result, it slowly went higher in the middle of the night and closed at the high of the day. It continued to attack early this morning, then the daily line has There are signs of a strong unilateral positive streak;
Second, in terms of silver: Silver has maintained a high level and traded sideways for the past two days, constantly fluctuating around the range of 92-96, and some stagflation patterns have appeared, which shows that the amount of funds in the early stage has poured into gold from silver;
Today’s market analysis and interpretation:

First, the daily level of gold: Yesterday it continued to close at Dayang, and effectively broke through the upper track of the upward channel since November last year. Today is the day when Dayang appears again. The rise of Dayang for three consecutive days has basically broken the previous shock step-like rise.The cyclical form (Dayang + Sideways + Dayang + Sideways) has opened up signs of strong unilateral short-squeezing and rising to a certain extent. Therefore, we can only continue to follow the trend northward without guessing the top. As the price gradually rises, although there may be profit-taking suppression at any time, the road northward still has to go. Keep at it; as a strong unilateral move, if there is a negative closing on a certain day, as long as it is above the short-term moving average, it is basically a single negative correction, and you can better find the low reference position to follow the northward trend; therefore, from the yellow channel in the picture above, as long as it is running above the upper track, it will Continue to maintain a strong unilateral pattern, and if it continues to develop like this, it will not be far from the 5,000 mark; last year, the next long-term target of 5,415 was pointed out, and it is expected to be achieved before the middle of this year. Hold on to the trend position in hand and continue to look north, especially accumulated funds, physical goods, funds, etc. , then consider reducing holdings until 1220-1225 yuan/gram. This position may be relatively conservative, and the future height is immeasurable;
Second, gold 4-hour level: As a strong short-squeeze rise, the 5 moving averages in this cycle are temporarily difficult to fall below, that is, the European The market fell back to hit the low of 4833, and this position continues to rise north; if it effectively falls on the 5th, it may retreat to the 10th before stabilizing and rising;
Third, the golden hourly level: it closed at the intraday high overnight, and continued to rise sharply this morning. Wave, this move is a return to the characteristics of a strong unilateral rise; the European market rose to 4888, and there was a 50-meter drop. Unfortunately, the 10 moving average was planned to go north at 4827, which was slightly less than 5 meters. It was also the low point of the 12-point Yang line, and it was divided into 50% support during the day; then let’s look at it tonight , although it failed to continue setting new highs during the day during the European session, it all closed at positive K, with only one negative line, indicating that the bulls are still strong. The single negative line is a correction, and it is easy to set a new high tonight; now the short-term support is 4860 on the 5th and 10th. At this position, try to go north directly, and the resistance is currently The mark is 4888, and if it breaks through, it will test the 4900 mark; since today’s low to high has increased by 120 meters, the intensity is already relatively large, and the high may be repeated tonight, but every time it falls, it is waiting for the opportunity to go north, and the low may gradually move up;

Silver: The daily level is still running above the 5-day level. In the early stage, silver rose more than gold. In the past two days, it began to trade sideways at a high level, while gold made a strong upward attack, and the gold-silver ratio began to rebound and repair. This is also a good thing; therefore, after the repair is www.xmtraders.completed, the gold-silver ratio will still fall. Then after the sideways movement of silver ends, it will still make a strong unilateral attack, and it will basically move closer to 99-100 after another wave; then from the picture, today's shock range is still around the yellow channel, with support 93.5-93.7 continuing to move north, and resistance 96-97;

Crude oil: From the picture above, pay attention to two positions tonight. One is the 59 support. At this position, it will continue to rebound northward, or after it has stabilized at the 60 mark, it is also an opportunity to go northward if it is confirmed that it is not broken. The resistance target is 63;
The above are several views of the author's technical analysis. Points, as a reference, are also a summary of the technical experience accumulated from monitoring 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 recognize the idea You can refer to the operation, be defensive, and risk control first; if you don’t agree, 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, set losses strictly, control positions, and risk Control first, be responsible for profits and losses]
Writer: Zheng Shi Dian Yin
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 the K-line rule, the channel rule, the time rule, the moving average rule, the division rule, the top-bottom rule; student cooperation registration hotline - WeChat: zdf289984986
The above content is about "[XM Foreign Exchange Platform]: Gold started a strong daily bullish unilateral surge, and silver began to trade sideways and sluggish, ;;". The entire content was carefully www.xmtraders.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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