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Gold and silver finally ushered in a sharp downward correction, waiting to stabilize tonight
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market www.xmtraders.commentary]: Gold and silver finally ushered in a sharp downward correction, waiting to stabilize tonight." Hope this helps you! The original content is as follows:
Zheng's Dim Silver: Gold and silver finally ushered in a sharp downward correction and will wait to stabilize tonight
Reviewing yesterday's market trends and emerging technical points:
First, gold: Yesterday, gold was at a relatively high level. In the morning, it prompted bearish suppression at 5579, and bearish suppression at 5547 in the US market. Both were in line with predictions. The market took a 500-meter dive; when it was at a high level, for Last year, the trend went north, and the bottom position was profit-hedged at 5540 to protect long-term profits. The corresponding accumulated funds were notified to reduce 30%-50% of the position at the high level of 1250, successfully avoiding today's wave of diving again; after the early morning, relying on The rebound divided the resistance and suppressed it in the short term, and was eliminated. In the middle of the night, it prompted a bearish pullback early this morning. It started a little late. The middle track of the hourly line was suppressed at 8 o'clock, which is a good pressure level, and then fell quickly;
Second, white Silver: First of all, in view of last year's trend of northward bottom position, we also carried out high-level profit hedging protection. Last night, it was prompted that there was resistance below the upper rail of 122, and the plan was to be bullish at 104-105. It almost went short and led to a rise;< /p>
Today’s market analysis and interpretation:
First, the golden daily level: Yesterday’s closing price was a spindle Yin K with a lower shadow line longer than the upper shadow line. The low point temporarily stabilized at the 382 division of 4274-5598. On the support of 5093, there is currently a big Yin K today, falling below the 5 moving average, directly piercing the 10 moving average of 5020, and the low hit the 50-divided support of 4936; then as a strong unilateral pull up, the largest correction The level is generally the short-term moving average, and the 10 moving average is more critical, because if you hold it, you can continue to maintain a strong short squeeze state, and it will climb to a high level in a few days; if you cannot hold the 10 moving average, you may test the middle track, which is also an operation.It is the last trump card for a strong market; it does not mean that if the mid-track is lost, the short-term trend will change; but if the mid-track is lost, if you want to return to a strong unilateral pattern, you have to spend more time sorting and brewing, similar to the two sortings of 3500 and 4381; so , tonight we are temporarily focusing on the gain and loss of the 10 moving average, and the gain and loss of the 50-day split support 4936. If the market can close stably and not far from the 10th, then there is still great hope to resume a strong upward trend as soon as possible early next week;

Second, the golden hourly level: the Asian market is under pressure at the 5450 line and the middle track is directly suppressed. The European market is under pressure at the 5180 line and continues to fall, with a minimum of 4943 and approaching the 4936 position; while the European market is weak, rebounding before the US market, and after the US market There is also the possibility of a second decline. At this time, the 10 moving average has been under pressure. This process has begun, and there will be a second decline in the night. Whether the upper support of 4936 can be stabilized is also the confirmation point of the upper track of the yellow channel in the early stage of the chart stepping back again; due to the amplification of volatility in the past few days, An expected support or resistance can easily break through ten or twenty meters with inertia, so it is okay to break through. The key is whether the closing can be stable; therefore, the current resistance is 5145 and the support is 4936. Pay attention to the gains and losses of this range. The intermediate support is 5020 and the daily 10 moving average. , it is also the 618 division point where the bottom rebounded; the short-term macd has basically been repaired. If you miss the second downtrend, wait patiently for stabilization signals, such as a long bottom shadow K, or a drop opening before breaking through 5145 US market;

Silver: From the daily level, it has also broken through the 10 moving average. The drop on the day has now reached 15%, which is very severe and has set the largest single-day drop in history; the unilateral rise of 70-121.6 has just stepped back to test the 50-divided position 95 line, and the mid-rail support has moved up 91-90. These two positions are key. If you can stabilize them, the overall strength can be maintained. The time for the return to rise will be shorter; if it falls below the 90 mark, it will be difficult to go up in the short term, and it will take more time to shake and brew, and the short trend direction will not change northward; from the picture, it has entered the early yellow channel. Tonight, we will see whether the upper track 101-102 can break through the station again. If so, the short-term low can gradually www.xmtraders.come out, and the rise can be quickly pulled back next Monday;

Crude oil: Maintain yesterday's thinking, remain bullish above 63, and see gains and losses as the resistance target 66.5;
The above are several views of the author's technical analysis, as a reference, it is also more than 12 hours a day for twelve yearsThe technical experience accumulated from watching and reviewing the market will be summarized. 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 agree, just ignore it; thank you for your support and attention;
[The views of the article are only for For reference, 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 Shi Dian Yin
Read the market for more than 12 hours a day and study for ten years. Detailed technical interpretations are made public on the entire network, and we will serve with sincerity, dedication, sincerity, perseverance, and wholeheartedness 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, top-bottom rules; student cooperation registration hotline - WeChat: zdf289984986
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