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After a sharp drop in the morning, gold reversed and rose and broke through highs, and then the volatility began.
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Hello everyone, today XM Foreign Exchange will bring you "[XM Group]: After a sharp drop in the morning, gold will reverse and rise and break high, and then the oscillation will begin." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: After a sharp drop in the morning, gold reversed and rose and broke through highs, and the next is the start of the oscillation.
Review yesterday's market trend and technical points:
First, in terms of gold: Last Friday morning, the daily short-term 5 moving average resistance was suppressed by 3120, and first bearish rebound and long lower shadow. After a successful decline, the afternoon relies on the morning drop to reverse 618 segmentation resistance 3105 continued to bearish, and finally successfully reached the expected target of 3080 line; and before the US market, a rapid and rapid pull upward to the 3136 line, which was a short-term behavior of news stimulation, and then immediately fell and weakened to refresh the intraday low; the US market reached 3020, which was also the support of the daily middle track, so it was light positions to test stability, but it was still unable to rebound well for several hours, and the highest was only given to the 3040 line, which was not for entry. The best ones reminded that the 3030 position was adjusted, and the entry was relatively low in the day, so they tried to get it, but today they broke down and were eliminated at 2999 on Monday.
Second, in terms of silver and crude oil, the pressure of weak selling is much greater than that of gold, and there is no time to watch the market and analyze it, so they chose to wait and see;
Interpretation of today's market analysis:
First, the gold weekly level: last week closed at a long shadow, the shadow was negative, This Monday, the decline will continue to fall first, pay attention to the support of MA10 moving average 2960-56. If you can maintain this position and close to the long-term lower K, then there is a probability that a short-term downward adjustment in the medium term will end and return to a strong rise;
Second, the daily gold line level: it continued to fall directly this morning, breaking through the middle track, with a minimum of 2970 line. The weekly video mentioned the two key positions of 2980 and 2956 this week. It is still possible to stabilize once it stabilizes.Considering the bullish band; then now it is back above the middle track 3020, there is a probability that there is a situation: similar to the false break of the middle track on February 28, and then the market will slowly fluctuate and rebound, and finally a strong unilateral break. Therefore, we must pay attention to today's closing pattern. If we can close a long lower shadow K and close near the middle track, we will have a short-term stabilization of 2970; on the contrary, if the late trading falls again, the lower shadow line is not long enough xmaccount.com, then it may continue to correct; in addition, even if it continues to rise tonight, it is temporarily a rebound correction of 3167-2970, and the short-term MA 5-day and 10-day resistance will be under pressure, such as the 3073 line and 3085 line. You can fall when you are high and bearish, and treat it with wide fluctuations first. The 618 segment resistance is at the 3092 line. At this position, the 618 segment resistance is at the 3092 line. The pressure will be greater;
Third, gold 4-hour level: After supporting 2970, a long lower shadow anti-positive K appears at the bottom, which just hits the stability of the annual moving average. Then the 2970 position will basically not fall tonight. Pay attention to the upward rebound resistance of MA 10 on 3055, which happens to be the high rebound high of the European session. Then it is the 3070 line, which belongs to the 50% segmentation and suppression level, and the strong pressure is 61.8% segmentation, and it is also the middle track 3092 line, which is both bearish positions with short-term pressure;
Fourth, golden hourly line level: the Asian session continued to fall sharply in the morning, and a big positive in the afternoon reversed to make up the intraday high point. At this time, the European session fell into a narrow range of trading; then in the face of this trend, it was basically fluctuating in the evening, because the European session did not break through the Asian session high point and continued to strengthen, nor did it fall below the European session low point and weaken it; if the US session surged first, it would easily rise and fall; if it fell first, it would easily bottom out and pull up; so it was stuck in two extremes, one was 3004, which belonged to 297 2-3055 retracement of 618, which is a bullish rebound at a low level; one is 3073-3085, the annual moving average and 66-day moving average, which are also the pressure point of the upper track of the yellow channel in the chart, and falls when it is high and bearish. If the upper track breaks through the 66-day moving average, the position is short; if the lower track falls below 2999, the position is long; the current test is the sixth time to test, the more times, the weak resistance, and you should be able to break through and test the upper resistance point;
Silver: After a slight decline in the morning, it rebounded sharply, mainly because the decline was large enough in the past two days, with a minimum of 28.35, weeklyThe video also reminds that there is support for the lower rail of the channel in the 28.5 line, which has indeed successfully lifted up. Whether it can stabilize in the short term depends on the closing situation of the daily line and whether the long lower shadow reflects the positive K; the current support is 29.7, resistance is 30.558, 31.24, 31.92, and the range is focused on 31.92-29.7, which is also the wide range for the time being;
In terms of crude oil: the hourly line macd has a bottom divergence, focus on the middle track at 60.8. If you can break through the middle track and then fall back to confirm the stability of the middle track, you can try to make an oversold rebound with resistance of 63 and 64;
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 over the past ten years. Technical points will be disclosed every day, and the interpretation of text and videos will be interpreted. Those who want to learn can xmaccount.compare and reference based on the actual trend; 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 views of the article 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! 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
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