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The key pressure of gold 5200 has not yet broken through, but it is still oscillating at the bottom.
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Official Website]: Gold 5200 is still oscillating at the bottom before the key pressure breaks through." Hope this helps you! The original content is as follows:
Zheng’s point of view: The key pressure of gold 5200 has not broken through and is still at the bottom of the oscillation
Review yesterday’s market trends and technical points that emerged:
First, gold: Yesterday, the Asian market first relied on the 618 division resistance of the decline and rebound to suppress the decline, but unfortunately the defense was pierced by inertia, and then finally fell to the expected target. ; The U.S. market research report suggested that 5062 is support, which is the 618 division position that has rebounded and stepped back. Worrying about the inertia like the Asian market, I moved the support down and northward. As a result, 618 was very accurate this time, and it rose when it touched it, which was a perfect shortfall; After watching the show for a few days, beware of a situation similar to that in February when silver surged and then plummeted, but it really came in the middle of the night, with a sharp dive, with the lowest close to the 81 line;
Today's market analysis and interpretation:
First, the gold daily level: Yesterday, it closed with a long lower shadow, which still pierced the middle rail, and also pierced the lower rail support of 5040 in the recent upward channel, which indicates that the lower support is still effective; but at the same time, in the short term, The moving average has not yet broken through the station, and the pressure below 5200 still exists, then the bottom box shock will continue to be treated; if you want to break through this range, you will usually use a slightly larger news to stimulate, such as tomorrow night's CPI data; for today, there is not much news, and it is expected to be mainly shocks. If you missed the support low of 5062 last night, there may be a relatively low point tonight, and you can take advantage of it then;

Second, the golden hourly level: it bottomed out overnight and surged higher. Today, relying on the 5120 line, it continued to rise in the morning, with the highest impact near 5190. Then the European market has maintained sideways between 5150-5190; there are several important signals: First, the 5200 line is the key to recent shocks. The key pressure level, before it breaks through and stands, is not enough to immediately fluctuate and strengthen, and it is easy to suppress it repeatedly; secondly, once the 10 moving average is effectively lost, the short squeeze will turn into a shock backtest; third, the lower support is 5155 and 5140, one is the European sideways low, and the other is the yellow trend line support in the picture. Once the two supports cannot be held , if it suppresses downwards, there is a chance that it will repeatedly test the bottom of 5100, or even 5060-50; fourth, if it can stabilize above 5140, it does not rule out that it can pull up again to impact 5200, but this probability may not be high, because there is not much important news tonight; in short, 5200 has not broken through before standing tonight, so be cautious at the high level. Chasing north, you can suppress it when it rises, then go down, pull down and then go north. The lower it is, the more north it is. Sooner or later, it will stand on 5200 and further attack; once the breakthrough is above 5200, the sun is effective, then step back and confirm and follow the northward trend, then the upper side will soon test 5250-60;

Silver: In the past two days, it has been trading sideways and suppressing 86. Last night, Lianyang broke above. Today, 86-85 has become the top and bottom support. The support on the lower track of the channel has gradually moved up to 82-83 recently. The pull down is still mainly moving northward, with resistance 90-91; At this time, the hourly 10 moving average will also fall. Tonight, it is expected to dip first, pull down to stabilize and then go north. Pay attention to the two supports mentioned;

Crude oil: The daily line closed at a negative level yesterday. In the short term, there is a peak, and the downward correction after acceleration has begun; but until now, it has been unable to fall below the overnight low, indicating that it will not directly weaken and continue to fall tonight, and mac d gradually generates upward momentum, and it is expected that there will be a wave of rebound and shock in the US market; pay attention to the upper rail resistance of the small convergence triangle 90-91 in the figure, which is also the middle rail of the hourly line. Once it breaks through the station, the upper side will see strong pressure of 95.8, 100.3, and 104.85 Next time it rallies higher, we will see a retracement; in addition, the support of the daily 5-day moving average is still there. The short-term peak does not mean turning short, but it will take some time to recover from the shock in the short term. Similar to the time period of silver 92-64, if the market outlook reaches a good low level, we can seize the wave again. As the section moves north, the trend is already bullish;
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 monitoring and reviewing the market for more than 12 hours a day for 12 years. Technical points will be disclosed every day to cooperate withText 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, just ignore it; thank you all for your support and attention;
[The opinions in the article are for reference only, investment is risky, and you need to be cautious when entering the market , operate rationally, strictly set losses, control positions, 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 K-line rules, channel rules, time rules, moving average rules, division rules, top-bottom rules; student cooperation registration hotline - WeChat: zdf289984986
The above content is about "[XM Foreign Exchange Official Website]: Before the key pressure of gold 5200 breaks through the station, it is still oscillating at the bottom". It is 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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