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Stabilized during the day, 4420 went V and pulled up to break the high, but it turned back tonight and still headed north.
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Official Website]: Stabilizing 4420 during the day and going V to pull up and break high, but it will go back to the north tonight." Hope this helps you! The original content is as follows:
Zheng's Point Silver: Stabilized at 4420 during the day and went V to pull up and break high, but it turned back and headed north tonight
Reviewing last Friday's market trend and technical points that emerged: < /p>
First, in terms of gold: Last Friday, we used the bottom head and shoulders bottom pattern, grasped the support on the right shoulder, and held the 4400 mark. Then we relied on 4413-4420 to look north and pulled up, and finally successfully broke through the neckline pressure. The position is 4473-78, hitting the highest level of 4555, grasping the big meat of the band;
Second, silver: last Friday pointed out that the 66 line is the key node, and the bottom 618 divides the position. If you hold it, you will rely on 68.5 also pointed out that the band went north, and finally reached a maximum of 71.6, which also caused a wave of meat;
Today’s market analysis and interpretation:
First, the gold daily level: last Friday’s positive rebound, reference Weekly video, this Monday is a reminder to continue to look north in the short term and continue to rebound. Since last Friday's closing had already stood above the 5 moving average, I relied on the 4476 line on the 5th this morning to try to follow. Unfortunately, the market had a washout, and the inertia hit a wave downwards. Only after the lowest touched the 4420 line did we usher in a wave of V rises and set a new intraday high. Because the drop at that time was too large and exceeded expectations, I chose to wait and see for the time being. I did not blindly keep going lower, nor would I Pull up a wave to short south in advance, otherwise you will basically suffer from long and short washouts, and the expected resistance level has not yet been reached; today, pay attention to 4575 on the 10th, it closes above, and the next step can be to gradually test 4668, and 4800., it is very likely that it will be the time for a new round of short-term strong attack;

Second, the golden hour line level: Judging from the channel distribution in the chart, the low point in the morning also directly penetrated the lower track of the blue channel, but it only pierced through, and then continued to rise all the way, indicating that this channel is still valid; tonight, the support of the lower track will move up to 4470-4460, and this position will continue to fluctuate mainly northward, while the yellow central axis trend resistance line counterpressures The point moves up to 4620-4630, which is close to the annual moving average and the early decline resistance line of 5185-5016. There will be a probability of resistance suppression, and tonight's range is basically locked in them; of course, you can pay attention to 4515-4505 for support in the middle. If it falls here, you will have the opportunity to test the lower track support of the channel, and the resistance in the middle is 4550 and 4575;

In terms of silver: The 10-day resistance of silver is 71.5, which is also the high point of last Friday. If it can close above it, the daily line will test 74.5-76 again, the upper track resistance of the short-term downward channel, and the upper track resistance line of 96.4-89.4 Only by breaking above the station can we get out of the weak shock pattern and turn to a strong upward trend; tonight, pay attention to the hourly level in the chart, the yellow trend line support moves up to 68.5, this position will continue to fluctuate mainly northward, with resistances of 71.5, 72.3, 73, etc.;

In terms of crude oil: The 103.1 resistance mentioned in Zhou’s video has been tested in place, and there has indeed been some pressure fall. It is the 618 divided resistance level that rebounded after being suppressed by the previous high of 119. The support is currently 100. If it falls below 100, it will point to the upper track of the 97.5 yellow channel for confirmation. If it falls again, it will Then crude oil returns to the channel and goes back and forth; on the contrary, if it breaks through 103.1 and closes above, it will further strengthen and hit 110, but in the end, as long as it does not break through the previous high of 119, it should fall back sharply;
The above are several views of the author's technical analysis. As a reference, it is also a daily trend for the past twelve years. The technical experience accumulated from more than 12 hours of watching and reviewing the market will be summarized. 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 can just ignore it; thank you for your support and attention;
[The opinions in the article are for reference only. Investments are 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's Dianyin
Reading and researching the market for more than 12 hours a day, insisting on it for ten years, detailed technical interpretationThe website is open to the public, 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
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