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The gold European market jumped repeatedly today, pay attention to the hourly gains and losses on the 10th
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Official Website]: Gold European market jumped repeatedly today, pay attention to the hourly 10-day gains and losses." Hope this helps you! The original content is as follows:
Zheng's Point of View: Gold European market jumped repeatedly today, pay attention to the gains and losses on the hourly line on the 10th
Review yesterday's market trends and technical points:
Gold: Yesterday morning, it continued to rise strongly, and Lianyang's force rushed to 4035, which was under some pressure. Up, relying on the resistance on the upper track, I went against the trend and tried to see a wave of counterattack, and then waited for the 4005 to continue to rise with the trend. Unfortunately, the counterattack was not strong enough, and finally continued to break through and was eliminated; while the US market has been around the 4030-4050 range. Sideways, it emphasizes that it has risen by 70 meters during the day, and is always wary of a diving correction. It has been running at a high level for several hours without falling, because only when the hourly line falls on the 10th, can we see a downward trend. The result is the last hour before closing It just fell and fell 40 meters at the opening today;
Today’s market analysis and interpretation:
First, the gold daily level: this wave unilaterally pulled up from 3311 to 4059, with an increase of It has exceeded 700 meters, and there has not yet been a decent wave of corrections. It basically relies on the short-term moving average of the 5th. The only one that relied on the 10th on September 18th has stabilized and continued to rise; while the previous two days continued to have positive streaks, but the price began to break away. 5 moving average, I started to worry that it would go through a cycle similar to September 23 and October 1. I suddenly fell back under pressure and repaired until the 5 moving average was close to or pierced it before stabilizing. Therefore, it has been rising all the way in the past two days without going back. Indeed, The courage to follow the high bullish trend is much less than in the previous period, so the rise from 3980 to 4050 was in vain; the day before yesterday, I planned to wait for 3925-3930 to close to the 5 moving average to see the bullish trend, but the lowest was only 3940, and yesterday afternoon I planned to go up to 4004 to see the rise, but it did not fall to this position. I could only watch it rise with my eyes. This evening I planned to suppress it at 4050 and then go against the trend and try to see a wave of correction. So when it broke through the 4000 mark yesterday morning, it would dare to chase the rise; on the contrary, if the previous low failed to catch up, the higher the price later, the higher the price would be, and the result would be higher and higher; however, no matter what, the entire trend remains bullish, as long as there is a decent wave of corrections in the next few days, then you must cherish the low you are given, because the market outlook will only go higher and higher, don't guess the top;
Second, the golden hour line level: In the morning, the big Yin fell sharply and fell below the 10 moving average and the middle rail. It rebounded first to confirm the middle rail. It happened to be the 618 dividing resistance line that fell from the overnight high to the morning low and rebounded from the 4037 line. Follow the wave to see a correction, with the lowest touching 40 02, there is a profit margin of 30 meters; then after a wave of decline, a downward channel with high points moving downwards and low points moving downwards gradually formed. The afternoon rebound channel continued to try bearish corrections below 4028, but the price broke through the opening in front of 4037, and the suppression failed. If the channel formation fails, it is necessary to re-plan a new route; the entire European market is actually jumping back and forth around the middle track, with poor continuity, and it has been in a show; tonight, pay attention to the 10-day moving average of 4035, just like last night, only if it effectively breaks the position and falls, after the rebound is confirmed, can the downward pressure be suppressed. Wave, then test the support above 4000, and the daily 5-day moving average support above 3970; on the contrary, if 4035 has been holding on and has not effectively broken, the trend will still remain quite strong and resistant, and the top may test the Bollinger Band upper limit of 3460 to see the gains and losses;
Silver: Silver was not strong yesterday, but it is quite stronger than gold today. After a slight consolidation in the European market, it went straight upward and hit a new high recently, and is about to break through the historical high of 49.8;
Crude oil still continues to pay attention to 63. When it breaks through and stands firm, we will consider looking for a wave of oversold rebound correction;
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 hours. The technical points will be disclosed every day, with text and video interpretation. Friends who want to learn can do it based on the actual trend.For reference; if you agree with the idea, you can refer to the operation, take good defense, and risk control first; if you don't agree, just let it go; thank you for your support and attention;
[The opinions in the article are for reference only, investment is risky, you need to be cautious when entering the market, operate rationally, strictly set losses, and control Position control, risk control www.xmltrust.comes first, and you are responsible for profits and losses]
Writer: Zheng's Dianyin
Reading and researching the market for more than 12 hours a day, insisting on 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 www.xmltrust.comments on major financial websites! Proficient in K-line rules, channel rules, time rules, moving average rules, segmentation rules, top-bottom rules; student cooperation registration hotline - WeChat: zdf289984986
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