Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
market news
China and the United States reach an agreement, bulls temporarily avoid glory and enter wide fluctuations and correct
Wonderful Introduction:
Life is full of dangers and traps, but I will never be afraid anymore. I will always remember. Be a strong person. Let "strong" set sail for me and always accompany me to the other side of life.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: China and the United States have reached an agreement, and bulls have temporarily avoided glory and entered a wide range of fluctuations and corrections." Hope it will be helpful to you! The original content is as follows:
Zheng's silver: China and the United States have reached an agreement, and the bulls temporarily avoid glory and enter a wide range of fluctuations and correction
Review the market trend and technical points that appeared last Friday:
First, gold: Friends who have followed the author for many years know that the author has always emphasized the use of trend bullishness as the main focus. From 1,450 US dollars in 2020, the unilateral bullishness has been bullish all the way. After breaking through the three top pressure level of 2075, it continues to be bullish on one side, and it will continue to be bullish on one side, all the way to the recent historical price of 3,500. The profit of grasping the unilateral bullish trend will be relatively smooth, and every time the short-term top correction market is bumpy; Fortunately, the trend has been strong in the past two years and has appeared frequently. At the same time, the short-term phased bottom correction is also predicted how many times it has been successful. For example, 2790, 3500, etc.; and the adjustment decline in the past few days has not been grasped, and it has been washed or punctured several times. The main reason is that the short-term change speed is too fast, and the deduction script that was not changed according to the original expectation of 3550-3600 and then the head is removed and the deduction script of the suppression is corrected; then the version updates must be re-planned, and during this period, we will try to maintain a state of watching more dramas and waiting and watching, and only grasp the market conditions that are familiar with and cognitive or in line with the expected deduction process;
Second, silver: 33 resistance, 32 support, it is in line with expectations, and it still fluctuates within this range;
Third, crude oil: Due to the greatly ease of tariffs, the space for the original sharp decline is also easy to rise back;
Today's market analysis interpretation:
First, Golden Weekly Level: Judging from the current trend pattern, the medium term is likely to be widerIt has been sorted out for a few weeks, and it is very likely to switch between the yin and yang cycle. It closes negative this week and may close positive next week; pay attention to the 10 moving average support 3180 and the lower rail support of the upward channel mentioned in the weekly video, about 3135, and there will be errors, floating up and down by 20 US dollars, because the channel can be punctured, or it may not reach the lower rail; therefore, in the medium term, the trend is of course to keep the bulls unchanged, and in these weeks it may run through the yin and yang cycle and wide range oscillation correction. As long as this round of correction can stabilize the closing price of the 10 moving average and the lower rail support of the channel, after the correction is xmmarkets.cnpleted, it will continue to rise unilaterally. The longer the brewing time, the greater the space for breaking the high in the later stage; as long as the monthly line level does not have a four-wave correction, the adjustment space will not be too large, and it is highly likely that it can be held above 3100;
Second, the gold daily line level: 3500 on April 22 was a successful prediction of a short-term turning correction, because it can be calculated through wave shapes; and this high point of 3438 can only be calculated through the 786 split resistance, but it was unexpected that the change would be so fast. The increase of US$100 per day in the past two days was still full of big suns. The script deduced at that time would first hit a historical high, and 3550 and upwards and then make a high and fall correction and suppression; and last Friday closed at a small positive, stabilizing the middle track, but today the opening of the market ushered in the success of the first Sino-US negotiations. This news instantly wiped out the bulls, because some of the previous gains were due to the uncertainty of tariffs, which caused by risk aversion; now the risk aversion has subsided, and it is directly suppressed, and the strength is also quite strong, and the lowest tests the low point of 3200 at the lowest level; for this cycle, there is also a key channel, paying attention to whether the position of the upper and lower tracks can be Hold on, puncture is fine, the key is to close, or after today's fall, whether it can rise again tomorrow or the day after tomorrow; at present, it either runs in the blue upward channel or cannot hold on to the lower track of the blue channel, it will run on the yellow downward channel to adjust, and the sign of the final strength should be to break through the upper track of the yellow channel;
Third, gold 4-hour level: This cycle focuses on supporting the annual average of 319 tonight The 3 line, the previous low point is 3202 line, that is, the 3200 mark is up and down, there may be a demand for stabilization and oversold rebound correction; pay attention to the MA5 moving average 3260 line, as a weak adjustment trend, the 5 moving average will often be suppressed, and then it will be the 10 moving average, which is too far away, which is equivalent to washing back within the day; therefore, pay attention to the 3260-3193 temporarily;
Fourth, golden hourly line level: There are also channels in this cycle, which is a downward correction. This morning, the opening jumped low. I originally expected to fill the gap below 3220 and then choose to fluctuate and bearish decline. It happened to be the upper track of the yellow channel, but the market did not give it a chance.After several hours of the market, the European session further suppressed and brought it to the lower track of the channel. Some rebound occurred, but the European session was weak and he did not dare to test the rebound for the time being. On the one hand, the good support point is still a little short of 3200. On the other hand, the European session is weak and breaking the bottom. The US session generally has a second suppression. When the second suppression remains stable, it will be relatively brave to choose to make an oversold rebound. If you rebound first tonight, the top and bottom resistance is 3250-3260 under pressure, you can consider bearish suppression and make a second downward move; strong pressure is above the upper track of the channel 3300, the probability is small. If you really go, it will be a big wash;
Silver: 33 resistance, 32 support, which is in line with the prediction idea, and continue to oscillate and consolidate within the range;
Crude oil: The Sino-US negotiations are successful, which is good for oil prices, and continues to rise in the short term, but the trend is short, so after this wave of rebound correction is over, it may still be suppressed and fall in the later stage; tonight, it will continue to be bullish rebound above 62.5, with high resistance before 64.8;
p>
The above are several points of the author's technical analysis. As a reference, it is also the summary of the technical experience accumulated by the market watching and reviewing 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 provided. Friends who want to learn can xmmarkets.cnpare and refer to them based on the actual trends; those who recognize ideas can refer to operations, lead defense well, and risk control first; those who do not agree should just be drifted by; thank everyone for their support and attention;
[The views of the article are for reference only. Investment is risky. You must be cautious, rationally operate, strictly set losses, control positions, risk control first, and bear the profit and loss]
Contributor: Zheng's Dianyin
After reading and research on markets for more than 12 hours a day, persisting for ten years, detailed technical interpretation is disclosed on the entire network, and serve the whole network with sincerity, sincerity, perseverance and wholeheartedness! xmmarkets.cnments 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 Foreign Exchange Market Analysis]: China and the United States reach an agreement, bulls temporarily avoid glory, and enter wide range of fluctuations and correction". It is carefully xmmarkets.cnpiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
Every successful person has a beginning. Only by having the courage to start can you find the way to success. Read the next article now!
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here
CATEGORIES
News
- 【XM Group】--Nasdaq Forecast: Holding Support
- 【XM Group】--GBP/USD Forex Signal: Bullish as it Crossses Key Resistance Level
- 【XM Forex】--USD/CAD Forex Signal: Can the Loonie Hold Against the US Pressures?
- 【XM Group】--USD/TRY Forecast: Turkish Lira Stabilizes Ahead of Turkey's Interest
- 【XM Decision Analysis】--EUR/USD Forex Signal: More Gains Ahead of Fed, ECB Rate