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market analysis
Gold has been strongly higher than 3760 today, and will continue to be bullish for the second time tonight
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Hello everyone, today XM Forex will bring you "[XM Group]: Today's gold market is strongly above 3760, and continue to be bullish again tonight." Hope it will be helpful to you! The original content is as follows:
Zheng's silver spot: Today's gold has stood strongly above 3760 in the European session, and continues to be bullish again tonight.
Review yesterday's market trend and technical points:
First, in terms of gold: Yesterday, gold hit 3685 and stabilized directly sideways, and broke strongly in the afternoon. The planned 3680, 3690, and 3700 have not given a chance to retrace and follow the bullish ones; The European session continued to pull up strongly, while the US session emphasized that it would continue to be bullish again, and proposed that the 382 segment support 3712 be bullish, which just reached the level and finally reached the 3746 target;
Second, silver: Yesterday morning, the opening was also directly continued to rise and continued to exert force on one side, and never gave a chance to follow the bullish one; the wave of retracement before and after the US session gave a good opportunity to induce shorts. Although the retracement was a little stronger, piercing the starting point of the European session, it held the small The key middle track of the time line is also the 618 split position 43.3, and then it exerted force at night to reach the target of 44.1;
Today's market analysis and interpretation:
First, gold daily line level: yesterday continued to close and report a big positive, in line with the continuous positive one-sided strong rise again. Today, it is still a big positive. The three consecutive positive positives are slightly accelerated, but not very obvious, because the 5 moving average will likely move up 3720 to the next line tomorrow. , it is not far from the current price, and it has not reached the 100-meter gap; however, continuous continuous positive pressure and short-term growth will gradually break away from the short-term moving average, and eventually there will be pressure at a certain day and a certain moment, closing up and falling back to K, and then slowly fluctuate and slide to repair. After gradually approaching the short-term moving average and the extreme middle track, continue to pull up one side; for today, continue to maintain bullishness, when will pressure K appear, then consider taking a wave of oscillation correction;
Second, gold 4-hour level: Yesterday, it continued to pull up unilaterally, and after breaking through the Fibonacci 1.618 times expansion level 3734 resistance in the early morning, it retraces today to confirm that this position is the top-bottom support, and continues to exert strong force to break the high; in the future, as long as it remains stable at 3734, the strong pattern remains unchanged. Pay attention to the 3765-64 support on the 5th tonight. This position stabilizes or pierces the signal to stabilize and continue to bullish;
Third, gold hourly line level: From the distribution of the channels in the above chart, these days have been relying on the yellow upward channel in the figure to continue to strengthen unilaterally, and the lower track touch point is basically near the middle track; therefore, as long as you get close to the middle track every time, it is a good low-level bullish opportunity. At the same time, the market continued to rise and strengthen overnight, closing at a high level. Today's morning, we should continue to look at a wave of continuous rises. It just turned 7 points to fall back to the 10 moving average of 3740, which hit the stable and continued to squeeze short and bullish, reaching the target of 3755; it rose and fell in the afternoon, but it still stabilized the middle track, so 3739 was bullish for the second time, and the European session successfully rose to the high point of 3759 in the morning. It was pointed out that the price temporarily consolidated between 3759-3737. Once it broke through to the 3760, it would continue to strengthen and pull up. The European session fell back to stabilize at 3748.8. The position of the card was basically the 618 or 50 split point of the previous short-term pull-up. Decisively, 3753 followed the bullish for the third time, and broke through 3760 and directly exerted force. , finally reaching the target of 3783; for tonight, the European session has strongly broken highs, and the US session has at least one pull-up, but the current price is on the upper track of the channel in the chart, so it is not advisable to chase the rise. I hope to induce shorts to fall back and fall, close to the 10 moving average, and continue to be bullish above the extreme middle track. xn--xm-6d1dw86k.combined with the split position, you can refer to several support points. 3770, 3765, 3760-58 hit the stabilization and continue to be bullish. The target can be repeatedly seen at 3790-3788; if the upper track of the channel is strongly broken, then 3800 has a chance to get closer; on the contrary, if it cannot break strongly, it will maintain operation in the upward channel; when it is lost or the lower track of the channel is down, then the short-term adjustment will be opened;
Silver: Today's Asian and European sessions also rely on the upward channel in the chart, which is close to the lower track or the middle track and is repeatedly bullish, and finally successfully lifted to the target of 44.2, and it is currently crossing up; since the European session is also strongly breaking and rising, the US session also has a second pull-up. Pay attention to the middle track and lower track. It is about 44-43.9 to continue to be bullish when it is low, and it can be repeatedly looked at the intraday highs; in addition, if the lower track of the yellow channel is lost, then the short-term adjustment will also start; however, whether it is gold or silver, even if it is corrected, it does not mean that the trend has reached its peak, it is just a rest in the middle. In order to better set a new high in the future, it will continue to be bullish;
Crude oil: I continue to wait and see in the short term, but haven't paid much attention to it recently, and I'm still constantly sorting out within the range, between 61-66; the directions are repeatedly switched, and the continuity is poor, so it's better to focus on the unilateral trend bulls of gold and silver;
The above are several points of the author's technical analysis. As a reference, it is also a summary of the technical experience accumulated by the market for more than 12 hours a day in the past twelve years. Technical points are disclosed every day, and text and video interpretations are interpreted. Friends who want to learn can xn--xm-6d1dw86k.compare and xn--xm-6d1dw86k.compare them based on the actual trend. Exam; those who recognize ideas can refer to the operation, lead the defense well, risk control first; those who do not recognize them should just be over; thank you for your support and attention;
[The article views are for reference only. Investment is risky. You must be cautious when entering the market, operate rationally, set losses strictly, control positions, risk control first, and bear the profit and loss at your own risk]
Contributor: Zheng's Dianyin
A study on the market for more than 12 hours a day, persist for ten years, and detailed technical interpretations are made public on the entire network, serving the whole network with sincerity, sincerity, perseverance and wholeheartedness! xn--xm-6d1dw86k.comments written on major financial websites! Proficient in the K-line rules, channel rules, time rules, moving average rules, segmentation rules, and top and bottom rules; student cooperation registration hotline - WeChat: zdf289984986
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