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Gold stands firm at 3600 mark, and continues to rise above 3640 tonight
Wonderful introduction:
Optimism is the line of egrets that are straight up to the blue sky, optimism is the thousands of white sails beside the sunken boat, optimism is the lush grass that blows with the wind on the head of the parrot island, optimism is the falling red spots that turn into spring mud to protect the flowers.
Hello everyone, today XM Forex will bring you "[XM Group]: Gold stands firm at the 3600 mark, and continues to be bullish tonight above 3640." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Gold stands firm at the 3600 mark, and continues to be bullish tonight
Review yesterday's market trend and technical points:
First, in terms of gold: Once the bull becomes powerful, it will not look back, and will only rush forward, rush, and rush! Yesterday morning, the market was first sideways consolidated, and in the afternoon, the mid-line 3580 line was close to the hourly line, and the bullish line continued to follow the bullish line. The European market soon exerted its positive force and reached the 3610 target to close the gold beans; because it was close to the upper track of the short-term upward channel, thinking that after the European market was pulled up, they waited for the US market to induce short-term backtest to continue to bullish, but they continued to be bullish. As a result, they kept going positive all the way, without looking back, hitting the 3646 high point;
Second, silver: Yesterday, after testing the 40.6-40.4 oscillating lower track support, it also rose as expected, reaching the 41.4 target again;
Interpretation of today's market analysis:
First, gold daily line level: Yesterday, relying on the 5 moving average to continue to close positive K, single negative correction, continuous positive development, A unilateral pull-up trend is very strong. From the low point of 3311 to now, there has been a 350-meter increase. Don’t underestimate the trend, and don’t think that if you rise too much, you will see a big drop. If you want to temporarily suspend the strong unilateral pull-up in the short term, you generally have to have the final acceleration and pull-up stage, and the price is far away from the short-term moving average, so that you may dive at a high level and correct for a certain period of time. The current price is not far from the 5-day position. If you continue to close positively today, and if you push a wave again tomorrow morning, you will have signs of acceleration; you will continue to maintain a strong unilateral bullishness and remain unchanged;
Second, gold 4-hour level: This cycle has also maintained a short squeeze and pull-up, relying on the continuous support of the 5-day and 10-day support to rise and break high; if there is a slightly larger pullback, it will also beIt hits the middle track and continues to rise steadily, so it is time for the band to be bullish when it reaches the middle track, while it is short-term bullish when it reaches the short-term 5-day and 10-day;
Third, gold hourly line level: the overnight closing line is still relatively strong, suppressing 3646 slightly and slowly fluctuating downward before the closing. As the original plan to wait for 10 points this morning to slowly approach the middle track 3620 and continue to bullish. Yesterday, this was the way, but unfortunately, it only touched 3627, and then stabilized in advance and showed a continuous positive pull-up. After standing on the short-term 10 moving average again, it was believed that we should follow the bullish force in advance. Relying on the bullish bullish bullish, we finally approached the 3660 first-line target; and after successfully strengthening in the afternoon, the European session fell back to the top bottom support above 3646 and continued to bullish bullish. Unexpectedly, a brief wash-up dive occurred, with the lowest 3636; if you look closely, it just hit the middle track and stabilized, and the trend rose suddenly and suddenly fell sharply, which is often difficult to continue. Therefore, the 3640 continued to follow the bullish bullish and successfully pulled up again Up to 3356; at this time, there is no fluctuation before the US market, and it maintains a narrow range of 3650 within 5 meters; the recent unilateral bulls have risen, and some rules are worth referring to. Most of the European sessions have been sideways and resisting declines in the past few days, so the US market will exert force. As long as the morning low of 3627 is maintained, it will remain strong and bullish, and the target will continue to hit a record high. It is expected to hit 3670-3677 tonight (calculated based on 50 meters). In addition, several long-term wave targets mentioned in the weekly video, such as 3687, 3704, 3746, etc. are expected to be tested one by one soon; from the channel in the figure, xmaccount.combined with the middle track, the top of 3640 will continue to maintain a strong unilateral pull-up tonight, and it is expected that the range of 3640-3650 will have support, and it is expected that the 3640-3650 range will be stable at any time;
Silver: From the hourly level in the chart, the 41.2 line is the sideways support in the early morning, and the volatility is not large today. It has been running around the narrow range of 41.2-41.4, waiting for the sideways to rise; if it crosses down, pay attention to the 40.8 trend support stabilizing and still bullish; including the strong support at the daily level of 40.4-40.3, it is also bullish; therefore, the support below is relatively dense. After stabilizing, wait for the upward attack to test the 41.8-42 line;
xmaccount.comparing with the unilateral craze of gold, Look at the range of crude oil fluctuations back and forth, and the continuity is relatively poor, so continue to watch more crude oil and focus on gold;
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 watching and reviewing the market for more than 12 hours a day in the past twelve years. Technical points are disclosed every day, and the interpretation of text and videos are interpreted. Friends who want to learn can xmaccount.compare and refer to them based on the actual trend; those who recognize ideas can refer to operations, lead defense well, and risk control first; those who do not recognize them can be regarded asJust drift by; thank you for your support and attention;
[The article views are for reference only. Investment is risky. You need to 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, persisting for ten years, and detailed technical interpretations are made public on the entire network, serving the whole network with sincerity, sincerity, perseverance and wholeheartedness! xmaccount.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
The above content is all about "[XM Group]: Gold stands firm at the 3600 mark, continue to be bullish tonight" and is carefully xmaccount.compiled by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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