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Gold panic suppressed to 4403, showing signs of respite, and will see a wide range of shocks tonight
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Hello everyone, today XM Forex will bring you "[XM official website]: Gold panic suppressed to 4403, showing signs of respite, and tonight we will see a wide range of shocks." Hope this helps you! The original content is as follows:
Zheng's Dim Silver: The gold panic suppressed to 4403, showing signs of respite, and we will see a wide range of shocks tonight
Reviewing yesterday's market trends and technical points:
First, gold: There was a panic sell-off last Friday, and the intraday drop was as low as 4687. The fluctuation of 100 meters became the usual short-term fluctuation of 10 meters. The entry position was poor or the timing was poor. , will be eliminated in seconds; the key division position of the prompt is also easy to inertia kill dozens of meters, which brings great difficulty to the operation; as far as gold is concerned, the trend accumulated last year is northward and the bottom position is 2735 to 3730. The position is not bad. It is basically impossible to fall for protection, so you can continue to hold it with peace of mind. The high level of 5540 also provides some profit hedging protection, at least 300 meters;
Second, silver: And Silver is very scary, and she is indeed a violent woman, who turns her back very quickly; the trend accumulated all the way in the early stage went north, and the bottom position was almost protected from half of the position; it can only be stabilized in the later period, and then slowly accumulated, the trend remains bullish;
Today's market analysis and interpretation:
First, the gold monthly level: From this cycle, it still maintains a strong bull pattern, with continuous positive development, and a backtest will be conducted this month to confirm Recognizing the 5-day moving average and developing according to the unilateral momentum, it will basically step back on the 5th;
Second, the golden weekly level: it surged higher and fell back to the original channel, and today it directly pierced the 10-day moving average of 4540. This week depends on the gains and losses at this position, and if it is stabilized at the close, it will maintain a strong short squeeze in the mid-term, so it is easy to continue to develop upward;
Third, the golden daily level: from three consecutive days5600 has been suppressed to today's lowest level of around 4400. 1200 meters is indeed very cruel, and the price of accumulated gold has also penetrated the 1000 integer mark. However, the underlying logic of the bull market has not changed. The sudden rise and fall is nothing more than the ugly face of capitalists, crazy long and short killings. Re-wash the market; today it directly hit the 66-day moving average. It is the key moving average that has been stuck since the previous pressure consolidation of 3500 for 4 months. Therefore, Zhou’s video also mentioned that it is the final key. A four-wave correction should not break the one-wave high of 4380. Therefore, as long as the market outlook can stabilize 438 Above 0-4400, we should start the wide-range consolidation process at the bottom, using the short-term 5th and 10th as the pressure points, and carry out a wide range of operations above today's low, and gradually reduce the volatility; then this kind of wide-width sweeping move of several hundred meters is still very difficult to grasp in the short-term during the day. It can take a few minutes, tens of meters, or even hundreds of meters, and the psychological pressure will gradually increase. It is recommended to watch more and move less, and then test the card in extreme up and down positions. If it is a small position, it will bring losses; it will be relatively better to wait for it to appear in a certain prototype range of the bottom of the shock, and then go up and down to grasp it;

Fourth, the golden hourly level: the Asian market basically continued last Friday’s decline and continued to panic. The European market hit 4403 and then rebounded to the 4800 mark; this time it was basically 800 meters, and the long and short were huge. Shock; next, pay attention to the first-line resistance of 4800. Only if you can break through it can you test 4950; otherwise, if you continue to suppress it, you must maintain the bottom consolidation. The lower support is 4650, 4550-4500, and the resistance is 4800;

Silver: The lowest today is 71.3, just shy of the 70 key support predicted by Zhou's video. The current price is not suitable for action, and the resistance is 86-87. Unless it breaks above it, it is easy to find opportunities to follow the rebound and rise; otherwise, it may maintain the bottom consolidation between 87-70;

Crude oil: Crude oil, which was originally relatively docile, has also seen a slightly larger sweep in the past few days. Last week, it went from 60 to 66.4 with a strong positive streak. The overall upward trend is good. As a result, it opened lower and moved lower today, and a big negative line directly returned to its original shape; tonight, pay attention to the lower track support of the 61 channel. If it fails to break the position, then Then the overall shock and upward rebound will be destroyed; on the contrary, if it can stabilize, there will be a dip and rise, and it will go up tomorrow to make up for the gap;
The above are several views of the author's technical analysis. As a reference, it 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, and the technical points will be disclosed every day, with text and video interpretation, friends who want to learn can www.xmtraders.compare and refer to 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 can just ignore it; thank you all for your support and attention;
[The opinions of the article are for reference only, investment is risky, and entry into the market is required Be cautious, operate rationally, strictly set losses, control positions, put 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 more than 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, and top-bottom rules; student cooperation registration hotline - WeChat: zdf289984986
The above content is about "[XM official website]: Gold panic suppressed to 4403 with signs of respite, watch the shock in a wide range tonight", which was carefully www.xmtraders.compiled and edited by the XM foreign exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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