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The daily line has a big positive pressure, and gold and silver retracement continues to rise
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Daily positive pressure breaks, gold and silver pullback continues to be long." Hope it will be helpful to you! The original content is as follows:
Yesterday, the gold market opened at 3642.8 in the morning and then the market fell first. The daily line was given the lowest position of 3625.9 and then the market fluctuated strongly. During the US session, the daily line gave a historical high of 3685.7 and then the market consolidated. After the daily line finally closed at 3679, the daily line closed with a large positive line with a long lower shadow line. After this pattern ended, today's market continued to be low-bang. , at the point, the long position of 3325 and 3322 below and the long position of 3368-3370 last week, and the long position of 3377 and 3385 and 3563 long position followed by the stop loss at 3570. Today, the 3658 long position is conservative 3655 long stop loss 3651, the target is 3685, the break is 3692 and 3700 pressure, and if the break is 3712 and 3721 and 3732 extreme pressure points, short-term short position is reduced and short.
The silver market opened at 42.174 yesterday and the market fell first. The daily line was at the lowest point of 41.986 and then the market fluctuated and rose. During the US session, the daily line reached the highest point of 42.74 and then the market consolidated. After the daily line finally closed at 42.66, the daily line closed with a medium-positive line with a lower shadow line longer than the upper shadow line. After this pattern ended, today's market was still bullish. At the point, the long position of 37.8 below and the long position of 38.8 last Friday, the stop loss followed up at 39.5, and last week 40.The stop loss of 95 after reducing positions was 41.5, and today's 42.35 long stop loss was 42.15, with the targets of 42.65 and 42.8 and 43-43.2.
European and American markets opened at 1.17314 yesterday and the market fell first. The daily line was at the lowest point of 1.17154 and then the market was pushed up strongly. The daily line reached the highest point of 1.17745 and then the market consolidated. After the daily line finally closed at 1.17608, the daily line closed with a medium-positive line with an upper and lower shadow line. After this pattern ended, it was still more today. At the point, the long position of 1.16600 and the long position of 1.17100 last week were reduced and the stop loss followed at 1.17000, and the stop loss was 1.17200 today. The target was 1.7750, and the break was 1.18000 and 1.18200-1.18500.
The US crude oil market opened at 62.67 yesterday and the market fell first. The daily line was at 62.56 at the lowest point and the market fluctuated strongly. The daily line reached the highest point of 63.7 and then the market was under pressure and consolidated. After the daily line finally closed at 63.31, the daily line closed with a medium-positive line with a long upper shadow line. After this pattern ended, the stop loss was 62.4 after 62.9 today, the target was 63.7, and the break was 64 and 64.5 pressure.
Nasdaq market opened at 24096.6 yesterday and the market fell first. The daily line was at the lowest point of 24049.58 and then the market rose strongly. The daily line reached the highest point of 24296.38 and then the market consolidated. The daily line finally closed at 24276.96 and then closed with a medium-positive line with a long lower shadow line. After this pattern ended, today's market still had a long demand for bullishness. At the point, today's market was more than 24200 stop loss 24140, and the target was 24300 and 24350 and 24400.
Brands, yesterday's fundamentals According to Xinhua News Agency, the Chinese leader of China-US economy and trade and Vice Premier He Lifeng, Vice Premier of the State Council, held talks with the US leader, US Treasury Secretary Becent and Trade Representative Greer in Madrid, Spain. Guided by the important consensus reached by the heads of state of the two countries, the two sides conducted frank, in-depth and constructive xmaccount.communication on the economic and trade issues of concern to both sides, and reached a basic framework consensus on properly resolving TikTok-related issues through cooperation, reducing investment barriers, and promoting relevant economic and trade cooperation. The two sides will consult on relevant achievement documents and fulfill their respective domestic approval procedures.sequence. The US president once again stated that xmaccount.companies should no longer be forced to release quarterly reports, and Powell's interest rate cut must be greater than he thought. Therefore, the gold and silver market rose continuously yesterday, and today's fundamentals mainly focus on the euro zone's September ZEW economic prosperity index and the euro zone's July industrial output monthly rate. At 20:30 US session, the monthly retail sales rate in August is expected to be 0.3% in this round and the previous value is 0.5%. Look later on, the US industrial output monthly rate in August at 21:15 and the US September NAHB real estate market index and the US July xmaccount.commercial inventory monthly rate.
In terms of operation, gold: the long position of 3325 and 3322 below and the long position of 3368-3370 last week, the stop loss followed by the reduction of positions at 3570. Today, the 3658 long position is conservative 3655 long stop loss 3651, the target is 3685, the break is 3692 and 3700 pressure, and if the break is 3712 and 3721 and 3732 extreme pressure points, the short-term short position is reduced and short.
Silver: The long at 37.8 below and the long at 38.8 last Friday, the stop loss followed by the 39.5 holding, the stop loss followed by the 41.5 holding, the long at 42.35 last week, the stop loss followed by the 42.65 and 42.8 and 43-43.2.
Europe and the United States: The long at 1.16600 last week. The stop loss of 17100 was followed by 1.17000, and the stop loss of 1.17400 was 1.17200 today, with a target of 1.7750, and a break of 1.18000 and 1.18200-1.18500.
US crude oil: 62.9 today, with a stop loss of 62.4 after long, with a target of 63.7, with a break of 64 and 64.5 pressure.
Nasdaq: Today's stop loss of 24200 is 24140, with a target of 24300 and 24350 and 24400.
The above content is all about "[XM Foreign Exchange Platform]: Daily positive breaks pressure, gold and silver pullback continues to be long", which was carefully xmaccount.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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