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Before gold 3347 breaks through and stands up, don’t rush to look bullish, look at the fluctuations first
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: Before the gold 3347 breaks through, don't rush to look bullish, look at the fluctuations first." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Before gold 3347 breaks through the top, don't rush to bullish, look at the fluctuations first
Review yesterday's market trend and technical points:
First, in terms of gold: Yesterday, the upper track of the Asian and European session planned channel fell below 3370-74, and the lower track of 3334 is bullish and rising, but neither side touched; due to the uncertainty of non-agricultural data, the recent Several times in a row, they were reversed to ADP's small non-agricultural market, so they canceled the order before the announcement; Sure enough, the data had an accident. Although the discerning person saw that the data was too fake, the market took this game. After the announcement, it fell rapidly by 40 meters, reaching the lowest level of 3311.5; and the research report has analyzed in advance that once the unexpected negative is negative, the price will first hit the derivative of the upper track of the 3313 early channel, and then look at the stabilization and rise, which is in line with the expectations, and the upward rebound is tested. More than 20 meters; at the same time, it also indicates that there is a channel backpressure point between 3335 and 36. Looking downward, a short-term backtesting wave just hits the 3322 first-line target; unfortunately, the bullish point from 3320 and the backhanded down has not been given;
Second, silver: Yesterday's research report pointed out that the back-retracement of 36.3 can be repeatedly bullish when it is low, and the data is negative, just hit here, and then it will rise again after stabilization;
Interpretation of today's market analysis:
>First, the gold daily line level: yesterday closed negative, the price returned to the middle track, but the low point still maintained the upper track support of the downward channel of 3452-3398 in the previous period; therefore, for today, we still have to fight for the upper track, either stand on the middle track and exert force, or repeatedly test the upper track support of the channel and then stabilize and rise; if we test the upper track of the lower channel, the support will move downward by 3300 line, but since today is Independence Day, the US market will be closed in advanceIt is basically difficult to reach 3300, and it depends on the performance next Monday; before the resistance of the middle track 3347 has broken through and stabilized, although it is bullish, it is not in a hurry to make a move. Wait for a rebound, stabilize above the low of 3300-3310 before taking action is the best position; and when the high is high and the short-term bearish falls;
Second, golden hourly line level: From the distribution of the channel in the figure, non-agricultural pressure overnight was suppressed, but it only fell in a single negative, and then entered a rebound and fluctuation sideways. This morning, it hit upward, but the European session was under pressure many times below 3345, and finally rose and fell, divided by yesterday's high and low points. You can just see that the intraday high and division resistance is 618. At this time, you will return to the yellow line ②, and 3338 will become the top and bottom resistance again, supporting 3323-3320 below; if the fluctuation is not large, maintain the 3338-3320-consolidation in this area; if the fluctuation is slightly larger, the resistance is 3347 daily line mid-track, supporting 3311 yesterday's low point, and fluctuate in this range, sell high and buy low. For short-term, try not to leave orders on the weekend, and don't know what will happen;
Silver: Although the low point in the day has gradually moved up, it has not broken through yesterday's high point. Therefore, for tonight, I will still pay attention to the resistance of the 37 line. Before breaking through and standing up, I will not rush to chase the rise. Reversely pay attention to the 36.2-36.3 low point to continue bullish;
Crude oil: The channel surrounding today is oscillating and falling, but since the previous wave continues to rise, this form is a rising flag shape. As long as you keep the lower track 66 line of the channel, you can try to see the breakthrough of the upper track 66.9; if the lower track cannot be held, the pattern fails, and you can adjust the position at the right time;
The above are several points of the author's technical analysis. As a reference, it is also a 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 text and video interpretations are interpreted. Friends who want to learn. Friends, you can xmh100.compare and refer to the actual trends; those who recognize ideas can refer to the operation, lead the defense well, risk control first; those who do not recognize them should just be over; thank you for your support and attention;
[The article views are for reference only. Investment is risky. You must be cautious when entering the market, operate rationally, set losses strictly, control positions, risk control first, and bear the profit and loss at your own risk]
Contributor: Zheng's Dianyin
A study on the market for more than 12 hours a day, persist for ten years, and detailed technical interpretations are made public on the entire network, serving the whole network with sincerity, sincerity, perseverance and wholeheartedness! xmh100.comments written on major financial websites! Proficient in K-lineRules, channel rules, time rules, moving average rules, segmentation rules, top and bottom rules; Student cooperation registration hotline - WeChat: zdf289984986
The above content is all about "[XM Foreign Exchange Market Analysis]: Before the gold 3347 breaks through, don't rush to look bullish, look at the oscillation first", which is carefully xmh100.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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