Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- Hong Kong stocks retreated after consecutive gains: falling below the 26,000 mar
- If PCE exceeds expectations, the U.S. dollar will soar; if it falls short of exp
- Strong employment in Canada boosted the Canadian dollar and the U.S. dollar rose
- U.S. small non-farm ADP data is coming, expected to increase by 28,000
- The U.S. resumes pressure on the U.S. dollar, but weak employment is hard to sha
market analysis
Gold, the daily shock line will turn negative!
Wonderful introduction:
Optimism is the line of egrets that go straight up to the sky, optimism is the thousands of white sails on the side of the sunken boat, optimism is the luxuriant grass blowing in the wind at the head of Parrot Island, optimism is the little bits of falling red that turn into spring mud to protect the flowers.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: Gold, the volatile daily line will turn negative!". Hope this helps you! The original content is as follows:
I am often asked, what to talk about? The question is whether I am suitable or not.
In fact, change starts with oneself. Finance is a very special thing. If you don’t understand it and want to get profits and results, this is a fantasy.
Making money is like a layer of window paper. If you can’t pierce it, it will be difficult to make money. If you pierce it, it will be easy to make money.
Logic, logic, no matter how much I talk about it, I won’t learn much and it’s useless. What I want is to open a window and a new understanding for you!
This is our first time to go to Taiyuan. After so many years, it seems that Shanxi is the only place where we have not given lectures. We are lucky enough to take a walk this time.
The problem with trading is logic and system. If you don’t understand these two, it will be difficult to make a profit!
Everyone thinks it’s about the K-line, but that’s an afterthought, the focus is still on logic.
See you in Taiyuan on April 11th.
You can sign up by consulting the introduction column.
It’s the season of flying catkins again. This may be a unique scene in northern cities in April. When I was naughty, I always used matches to catch fire. I remember one time I ignited someone else’s corn stalks and was severely beaten when I returned. This may be the happiness of that time.
When I grow up, people around me are always very sensitive to catkins, especially people with rhinitis. This has become a disgusting topic for many people.
This is the era, time, and years.
Good morning, you in front of the screen, don’t wait until you have something to do. In fact, when you have something, you will lack more. The dream is the brightest at that moment. After it has passed, there will be only regrets, nothing more.
Gold, bottomed out yesterday and rebounded, with a small positive on the daily line.
This isLet me first elaborate on a few technical points:
1. In the morning, affected by the negative impact of last Friday’s non-farm payrolls, gold prices opened lower and moved lower, testing the 4600 line. But this market is not a short market. On the one hand, the market reversed in the morning and tested the opening price of 4672 for a second time. Unfortunately, it did not continue to break through the bottom.
So we raised a question: watershed and time point.
One is the morning low of 4600, the other is the high of 4672, and the time point is the European market.
The European market breaks through the direction of movement and determines the trend. If it breaks 4600, it will be weak and the rebound will be short. If it breaks above 4672, the subsequent trend will be a shock rebound.
2. The hourly line of the European market was continuously positive and single negative, and broke the morning high of 4672, while correcting at 5-8 points.
The mantra emphasizes: The European market broke the morning high, the hourly line continued to be positive, and the US market retraced 5-8 points before the US market, which was more than twice!
The selected position is the 382 position of the intraday rise and retracement, 4666-7, which is also a perfect touch at night.
This clearly emphasizes time and usage in 365 Classroom.
On another point, we have also made a reminder: last Thursday’s retracement was driven by the news and is of continuing concern. Don’t call it short just because the market fell in one day. This is extremely unreasonable.
The market fluctuates in a large range, fluctuates, and fluctuates. This is a typical volatile market.
Yesterday's positive turn does not mean that bulls continue to see hope. This is a sign of shock: the exchange of Yin and Yang lines.
Remember: There are three signs of shock:
1. Range, that is, both double tops and double bottoms can be arranged.
2, 618 position, shocking performance, 618 would rather go wrong.
3. The rhythm of the daily line, the yin and yang lines interchange, so don’t be bullish just because of yesterday’s yang line, as it is likely to turn negative today.
Remember what I said, the shock sign is the exchange of daily Yin and Yang lines.
So bulls should not be optimistic today!

However, in the shock, the two most important technical points are:
1. Watershed, today the upper watershed is 4700, and the lower watershed is 4600.
2. The strength of the European market.
Same as yesterday, observe the hourly trend of the European market. If the European market continues to fall or breaks the bottom of 4600, it must be a counter-shoring.
When the top broke through 4700, it was still volatile.
Today, we are not bullish, but beware of retracement, as the daily line turns negative again.
This has been this pattern since the U.S. market surged higher and fell back yesterday, and started to trade sideways in the early morning.
How to lay out the next step?
1. When hesitating in a shock, just wait for the US market, use the watershed and European market time rules I mentioned, and the US market layout.
2, there are always people playing aggressive games, and the high point in the early morning was at the 4469-72 line. If you want to try it, you can try to go short. This is a short game during the day. You have to know that the game and the layout are not at the same level. But if it turns negative, this is the game.
[The above opinions are for reference only, investment is risky, please be cautious when entering the market]
The above content is all about "[XM Foreign Exchange Official Website]: Gold, the volatile daily line will turn negative!" It is carefully xmmarkets.cnpiled and edited by the editor of XM Foreign Exchange, I hope it will be helpful to your trading! Thanks for the support!
In fact, responsibility is not helpless or boring, it is as gorgeous as a rainbow. It is this colorful responsibility that creates the wonderful life we have today. I will try my best to organize the article.
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