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market analysis
The golden day hits the bottom V and goes higher, 4670 becomes the top and bottom tonight
Wonderful introduction:
Since ancient times, there have been joys and sorrows of parting, and since ancient times, there have been sad songs about the moon. It’s just that we never understood it and thought everything was just a distant memory. Because without real experience, there is no deep inner feeling.
Hello everyone, today XM Forex will bring you "[XM official website]: Gold hits the bottom V and goes higher tonight, 4670 becomes the top and bottom tonight". Hope this helps you! The original content is as follows:
Zheng's Point of Silver: Gold bottomed out during the day and V moved higher, and 4670 became the top and bottom tonight
Today's market analysis and interpretation:
First, the gold daily level: it closed at a long lower shadow K last Thursday, with pressure on the 4800 line, which belongs to 618 of 5238-4100 The dividing resistance was also close to the mid-track at that time. The 4800 position was also proposed after it touched 4100 and started to rebound. This rebound will at least test it, and the corresponding RMB quotation is 1060; after suppressing the pullback, a downward correction was made in response to the consecutive positive days of the previous few days. Unfortunately, it did not reach the expected 4523 support, which was a rebound of Siyang. 618 position; There is support on the 10-day moving average, and there is a breakthrough on the 5-day moving average today. It depends on the closing price. Once the closing price reaches 4660 on the 5th, it will test the mid-range or 4800 tomorrow; if it breaks through 4800, it can test the 66-day moving average on 4865, and then gradually move up to 5000-5100, towards 5600. The upper rail resistance line of the -5420 channel is getting closer, and this whole process will eventually be gradually tested in place, just like the 4800 mentioned before, what is supposed to xmmarkets.cne will always xmmarkets.cne; and it is very difficult to reach the trend directly and simply in one go. You will inevitably encounter repeated shocks, washouts, etc. along the way, which requires enough patience;

Second, the golden hourly level: in the morning, it suppressed 4670 and tested a wave downwards. The lowest level just touched the 4600 mark and stabilized and rose. This position was mentioned in the weekly video. It is the first support level this week. In the afternoon and the European market, each time it goes back down to test the stable low.Basically, they are close to the 618 division position that was suppressed by the previous wave of gains, such as 4625, such as 4645; then as the European market continues to break high, there will be further upward momentum tonight, and the 618 that suppressed the 4645 wave of gains will The position is 4668, which is also close to the top and bottom position of 4670 in the morning; hold 4668-4670, touch the lower track of the channel in the picture, and then attack upward to test the upper track, which is basically 4740-30;

Silver: The daily trend pattern is basically the same as gold, with support on the 10th and pressure on the middle track; today it first runs in the 71.5-72.5 range and consolidates repeatedly, and the European market rebounds and breaks through 72.5 to hit 73.5; then if the counterattack tonight can stabilize the top and bottom of 72.5, which is also 618, then it can continue to run upward and test 74-75;

Crude oil: Judging from the daily shape, it is still quite strong for the time being. Last Thursday was super sunny, and today it has stabilized and will continue to rise; but after a day of trading, the Asian market rose and fell, and the European market was also suppressed in the mid-hour track. There is no good stabilizing pattern yet; first focus on the confirmation point of 108.5-108 of the channel in the chart, and also As mentioned in Zhou's video, if it can be stabilized, it will bottom out and rise; if it cannot be stabilized and closes within the yellow channel, it will continue to suppress downwards and start a saw-saw performance in a wide range;
The above are several views of the author's technical analysis. A summary of tired technical experience, 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 ignore it; thank you all for your support and attention;
[The opinions of the article are for reference only, Investment is risky, so you need to be cautious when entering the market, operate rationally, strictly set losses, control positions, put risk control first, and 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 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 about "[XM official website]: golden day bottom V goes higher, 4670 becomes top and bottom tonight". 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!
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