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Gold is accelerating its rise and is hitting 5300. It dares to pull back and pull it down tonight but still heads north.
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: Gold accelerated its rise and hit 5300, and dared to pull back and pull down but still headed north tonight." Hope this helps you! The original content is as follows:
Zheng's point of view: Gold accelerates its rise and hits 5300, but it dares to pull back and pull down tonight and still goes north
Today's simple analysis, because the market is going crazy and has large fluctuations, it cannot be interpreted by simple technology. The important thing is to pay attention to short-term risks, follow the general trend of the bull market, and grasp several important supports;

First, gold: The above picture is the hourly trend, and we can see some patterns. The yellow box belongs to the continuous increase of each wave in the past few days, which is about 220 meters on average; while the green circle belongs to the shock callback, and the low point is basically 50% and 6% of the increase callback of the yellow box. Between 1.8%; and this time the increase has already exceeded 220 meters (calculated from the low of 5046). If it can continue to break new highs tonight, then calculated from the low of 5157, then the 220 increase will correspond to a high of around 5377; so it depends on whether it remains the same before Lao Bao’s speech tonight. For the high level consolidation, we should continue to attack; then if calculated based on the low point of 5046, if the high point of 5311 can be suppressed sideways, then the position of the regular callback tonight will probably be locked in the 5150-5170 range. Try to see this first. After all, today has increased by 160 meters, and then it will strengthen upwards. The difficulty of pulling is also on the high side. Let’s see if it can move sideways within a range at a high level. We are waiting for the announcement of interest rates by the Federal Reserve in the middle of the night. The market does not expect an interest rate cut. The focus is to see if Laobao can surprise and pour cold water on the market to cool down. Of course, the nearest support is the rebound of today’s gains.The split position, such as 50%5234, 61.8%5216, and 5216 is expected to gradually move closer to the hourly mid-range, which is a symbol of the strength of this cycle. If it effectively falls below the mid-range, it means that the adjustment will expand; strong support is the daily 5-day moving average, about 5050-5 In the 070 range, it is also a good northward position for touching, which is suitable for the band;
Therefore, in summary, pay attention to the support of gold tonight. There are three very good positions, 5216, 5150-70, 5050-70. When touching and stabilizing, it is still mainly northward;

Second, in terms of silver: as a reference for the band going north, the relatively good positions are still the daily line on the 5th and 10th, which correspond to 105-103 and 99-97 respectively today. The reason why there is an area, not a point, is Because the volatility is too high, if the price goes down, the support will move downward instead of being fixed at a point. The same is true for gold; the short-term support is 108.5-109; it can be found that gold continues to rise and break high today, while silver has already stagnated. , so if it dives and adjusts tonight, its decline will be greater than that of gold. It is also a rebound repair for the gold-silver ratio, because it has reached 45-43. As mentioned in Zhou’s video, the gold-silver ratio continues to fall to several positions, one of which is 45-43. , the next ones are 39 and 31-30, which will eventually end the decline and turn upward stably at the bottom, which will be the moment when silver’s www.xmtraders.compensatory rise ends; therefore, I still hope tonight that it will be lowered, giving the opportunity to get on the train at a relatively low level of support;

Third, in terms of crude oil: the green channel has been broken upward, and the confirmed support is the 61.6 line, and the support point derived from the 59.97-60.16 trend line will probably move up to around 61, so if these two places stabilize, we can continue to see a rebound. The resistance is the 63-day annual moving average. , if it stands firm effectively, it can strengthen further;
The above are several views of the author's technical analysis. As a reference, it is also a summary of the technical experience accumulated from watching and reviewing the market for more than 12 hours a day for twelve years. The technical points will be disclosed every day, and www.xmtraders.combined with text and video interpretation, if you want to learn Friends, you can www.xmtraders.compare and refer to it based on the actual trend; those who agree with the idea can refer to operations, take good defense, and risk control first; those who do not 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, and operate rationally , Strictly set losses, control positions, risk control first, be responsible for profits and losses]
Writer: Zheng Shi Dian Yin
Read and study the market for more than 12 hours a day, insist 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! Major financial networksWrite a www.xmtraders.comment on the site! 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 about "[XM Foreign Exchange]: Gold accelerated its rise and hit 5300, and dared to step back and pull down but still headed north tonight". It 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!
Due to the author's limited ability and time constraints, some contents in the article still need to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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