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CME Group suspended trading, gold showed several spikes and was still volatile tonight
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market xmmarkets.cnmentary]: CME Group suspended trading, gold showed several spikes, and is still volatile tonight." Hope this helps you! The original content is as follows:
Zheng's Silver Points: CME Group suspended trading, gold had several spikes, and was still oscillating tonight
Reviewing yesterday's market trends and emerging technical points:
First, gold: After relying on the daily small convergence triangle upper rail resistance yesterday to xmmarkets.cne under pressure, it relied on 4166 and 4160 to fluctuate bearishly, and repeatedly fell to 4150; due to gratitude, the US market During the holidays, the fluctuations were almost minimal, running in the 4160-4150 small range; while the daily 5-day moving average of 4130 is expected to fluctuate and bullish, it will never give a chance;
Secondly, silver: Yesterday, the move was relatively strong, and the two hourly long shadow K stabilization signals appeared in the US market, and it was judged that 53.1 was the node position, but unfortunately the US market hit a negative line downward to lure the bearish, and then rebounded slowly in the middle of the night, and again today Rush to a high;
Today's market analysis and interpretation:
First, the daily gold level: Gold made a direct upward impact this morning, with a maximum of 4193. Yesterday's research report mentioned that if it breaks through first, it will test 4192-4200, but the continuity may be poor and it will continue to fluctuate. It just expands the small convergence triangle and upgrades it to the next large convergence triangle; or, It is also possible that the breakout this morning was a puncture, because the European market fell below the morning low of 4164, which means it fell to the upper track of the small convergence triangle; therefore, today we still pay attention to its closing pattern. If it rises and falls, closing below 4164, or even the 5-day moving average of 4150, then it is still operating within the small convergence triangle, and there will be shock and downward sliding energy and space early next week, but 4110-4100 still has strong short-term support. If it breaks through the upper track after stabilization, it will always xmmarkets.cne out of the small convergence triangle and expand the triangle. If we refer to the movement on April 8, this wave started from the last lower track of 4022. It should be possible to go through a shock decline + a shock move up, and then test 4 The previous high point of 245 may pierce it, and then rush higher and fall back to test the lower track of the small convergence triangle, or it may also break through and expand the operating range. At that time, the new large convergence triangle will gradually be finalized; but no matter how hard the wide range is, bulls will never change the trend. And the consolidation time this time should be shorter than the last 4 months. Give it another month to see the follow-up move. The 66-day moving average has moved up to 3925. There is a high probability that it will be difficult to break 3900 in the future. 3885 is basically expected to become a short-term low;
Second , Golden 4-hour level: After today's shock consolidation, the mid-rail support line 4154 has been tested downwards. The short-term moving average on the 5th is still a golden cross on the 10th, but macd still has unlimited support and is dead cross, so it is estimated that there will be a fight between long and short;

Third, the golden hourly level: a sharp rise in the morning, a slow downward shock in the afternoon, a rapid dip in the European market, multiple pin insertions, and also pierced the morning low; then the European market is generally volatile and suppressed, and the rebound before the US market may be bullish at this time; from the channel distribution, there is resistance below 4180, and there is support above 4160. Tonight is still the Thanksgiving holiday During the period, if the fluctuation is not big, it will be organized around this 20-meter range; if it breaks above 4180, it may test 4200 and 4215 and then suppress the decline; if it falls below 4160, it may test 4150 and 4140-4130, which will strongly support the 4110-4100 range. Generally speaking, it will still be treated as a shock;

Silver: Judging from the daily level in the above chart, there may be triple resistance suppression below 54.4, which is also the pressure point of the yellow trend line. The mid-rail support moves up to 51. Buying at this position will gradually increase. Therefore, the price will be higher in the following days. The range is to pay attention to 54.4-51; if it breaks through 54.45 to set a new historical high, there may be an inertia upward; the trend has always been to remain long;
The above are several views of the author's technical analysis , as a reference, it is also a summary of the technical experience accumulated from watching and reviewing the market for more than 12 hours a day for more than 12 years. The technical points will be disclosed every day, and xmmarkets.cnbined with text and video interpretation, friends who want to learn can xmmarkets.cnpare 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, just let it go; thank you for your support and attention;
[The opinions of the article are for reference only, investment is risky, and you need to be cautious, rational, and strictly set when entering the market.Loss, control positions, risk control first, be responsible for profits and losses]
Writer: Zheng Shi Dian Yin
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 wholehearted service to the end! Write xmmarkets.cnments on major financial websites! Proficient in the K-line rule, channel rule, time rule, moving average rule, segmentation rule, top-bottom rule; student cooperation registration hotline - WeChat: zdf289984986
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