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Gold breaks through 4668 and continues to rise, may test 4800 tonight
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Hello everyone, today XM Forex will bring you "[XM Forex]: Gold breaks through 4668 and continues to rise, and may test 4800 tonight." Hope this helps you! The original content is as follows:
Zheng's Point Silver: Gold breaks through 4668 and continues to rise, and may test 4800 tonight
Review yesterday's market trend and technical points that emerged:
First, gold: it touched 4482 early yesterday morning and quickly rose sharply, basically approaching the 4480 mark. It is the 618 division position of the previous day's increase backtest, and is also the trend line support formed by the bottom lows in the past few days. ; After the Asian market pulled up in a wave, the European market relied on the 50% and 61.8% split support, that is, 4551 and 4535 continued to look north. Each short-term wave basically has dozens of meters of room to rise; in addition, 4551 and 45 were given at the same time. The 35 band went north, and finally reached the target of 4650-4668 and won all;
Second, silver: yesterday relying on the top and bottom of 71.7, continued to look north, and finally reached the 75 target;
< p>Today’s market analysis and interpretation:First, the golden daily level: Yesterday it closed as scheduled with a full sun, and the closing price was just at the 50% split position of 5238-4100, 4668. Today’s Asian market is straight It continues to rise, hitting above 4750, and is not far from the 61.8% resistance line of 4803; according to predictions in the past few weeks, this round of rebound can at least see 618, which is 4800, and at the same time, the middle track moves down to 4828. The 66-day moving average is 4854, which means that there may be a certain resistance in the range of 4800-4854. If it cannot pass, there will be a surge and a fall. When falling back, we usually look at the 382 dividing position and the 4530 line first. After stabilizing, it will continue to fluctuate and rise to impact 5000-5100; but if it strongly breaks through the resistance range of 4800-4854, it will directly further impact 5000-5100, and the flag will rise.To get closer to the upper track of the shaped channel; for friends who have accumulated funds, since the high point of 1200 is 20 yuan away from my expectation of reducing my holdings, I have not reduced my holdings to escape from the top. After experiencing the violent panic sell-off some time ago, it is inevitable that my psychological defense has been destroyed and I cannot withstand another sell-off. Therefore, those who have the ability can consider reducing their holdings at 4800 and above, and then step back and continue to buy in to reduce the average price cost. It is recommended to reduce the part of the holding to maintain capital or make a small profit. Yes, if after the reduction, the market does not suppress, but directly goes up, you can only hold on to holding the remaining part until the end of the year. Don't be tempted to fill the position higher than the point where you reduced the holding, so it makes no sense for you to reduce the holding; of course, if you just lie flat and don't want to toss back and forth, you can also get all the way to the bottom and get above 1,300 yuan/gram. It's just a matter of time;

Second, the golden hourly level: it has been rising strongly overnight and closed at a relatively high level. If it follows the previous bullish unilateral trend, it can basically continue to rise early this morning, and it is easy to pull up immediately; but it has only been volatile recently, and it is still a rebound correction in the decline, so it is not available for the time being. I dared to go directly north, but the market chose to continue to pull directly, which resulted in the expected ideal low level going north throughout the day. I did not dare to go directly north at the high level, because the short-cycle macd has been in a state of top divergence, but the trend has also maintained a situation of resisting the decline; for tonight, the middle rail moved up 4700, and today's high level luck There is also a small ascending channel in the market, and the lower rail support is basically around 4700-05. Therefore, as long as it is running above 4700, it will maintain a divergent anti-fall shock and rise slowly until it encounters a certain strong pressure or a rapid decline to repair the divergence; therefore, tonight, first pay attention to the upper support of 4700, followed by 4 Near 66 or 4670, the strong support is still the lower track of the blue channel trend line. The lows in the past few days have relied on it to gradually rise, and now it has moved up to 4580-90; every support stabilization continues to go north, and the pressure is 4800 and above. If a pressure K signal appears, then consider suppressing the fall;

Silver: From the hourly level, the operation of silver macd is actually different from that of gold. It digests the downward momentum of macd through high sideways consolidation. Once it touches the zero axis, it then launches an upward attack. This is a way of exchanging time for space. There is no top divergence; only a fierce breakthrough of 75 After .6 rises for a wave, some deviations may occur; tonight's support is 73.5, which continues to fluctuate northward, with strong support 71.5 and resistance 75.5. It is the 50% divided resistance of the rebound after the early wave of 90-60 decline. Once it breaks through, it is expected to test the 618 position 78.9. Of course, the processIt may not be straightforward, and it may be repeated midway;

Crude oil: Judging from the latest channel distribution in the figure above, the large range remains within the yellow channel, which is also the B wave consolidation of the big ABC. In the end, there is still pressure from the big C before a round of correction can be xmaccount.completed. In the later period, the bottom will stabilize and the trend will gradually increase; in the past few days, it has been within the white downward channel, and every high point has been basically This is close to the resistance of 618. The resistance tonight is focused on 101-102. As long as it cannot break through here, it will rise and fall, supporting 95 and 88-89;
The above are several views of the author's technical analysis. As a reference, it is also the total technical experience accumulated in the past 12 years by watching and reviewing the market for more than 12 hours a day. In summary, technical points will be disclosed every day, with text and video interpretation. Friends who want to learn can xmaccount.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 all for your support and attention;
[The opinions of the article are for reference only, and there are risks in investing. Risk, you need to be cautious when entering the market, operate rationally, strictly set losses, 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, persisting for ten years, detailed technical interpretations are made public on the entire network, and serve with sincerity, dedication, sincerity, perseverance, and wholeheartedness to the end! Write xmaccount.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
The above content is all about "[XM Foreign Exchange]: Gold breaks through 4668 and continues to rise, and may test 4800 tonight". It is 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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