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market analysis
Trading was flat on Monday, and the middle track will follow the bullish force when it breaks through and stands firmly.
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Trading is flat this Monday, and you will follow the bullish mid-track when it breaks through and stands firmly." Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: The trading was flat this Monday, and when the breakthrough was stable, the middle track of the hour was then followed by the bullish force.
Review the market trend and technical points that appeared last Friday:
First, in terms of gold: last Friday, the support of 3630 stabilized and directly rose strongly to 3657, and silver also rose sharply to hit the recent high; in the afternoon, with the help of a small gold pullback, at that time For gold to move forward in the short term, it will continue to follow the bullish position by relying on the 382 segment support 3647, because the strong move generally will not fall too far to 382, and will not break 618; but as a result, it suppressed downward in the European session, and pierced the 618 support 3640; the US session uses 3637 as the node support, stabilizes and bottoms out and pulls up K, 3644 follows bullish, reaching a high of 3654. It also makes up for some;
Second, silver: As the Asian and European sessions continue to strengthen and rise during the day, the US session will inevitably make a second pull-up, and the declines before and after the US session are used as a short-term target, pointing out that the 41.9-hour line mid-track is bullish, and finally pulling up 42.3 indicates that profit reduction will be reduced, and some shortcomings in gold will be restored again;
Interpretation of today's market analysis:
First, the medium- and long-term aspects of gold: in the weekly video, It pointed out some rules of the monthly line-level trend pattern, the circular movement of sideways + four consecutive positives + four consecutive positives, and once again emphasized that the bull trend in the past two years is particularly strong, and the top is not guessed. The several medium- and long-term target resistance given is only calculated through waveforms. It does not mean that it reaches the peak after touching, but after touching, you should appropriately reduce the holdings of medium- and long-term bullish bottom positions in your hands, or protect profits through profit hedging; if the resistance level pulls back, continue afterwards.The market's medium- and long-term waves are bullish, and the bottom position continues to increase, and the bullish trend will remain unchanged before the end of the year, and the height of the pull-up will be even more than most people's perceptions; it is also pointed out that the weekly level is currently pierced by the lower track of an upward channel in the previous period. For this week, there are two paths: one is to continue to close and pressure, which will accelerate upward; the other is to trade sideways at a high level, repaired by slow oscillation, waiting for the short-term moving average to move upward, and then further unilaterally strong attacks will be made in the future;
Second, the daily gold line level: The market has remained relatively high and sideways for several days, but the closing is always above the 5-day moving average and remains relatively strong. As long as the 5-day falls, it is still expected that a high-level positive will appear, breaking the oscillating pressure level upward, continue to move to the unilateral pull up, and continue to hit a record high. If you go up again, you will basically test the resistance targets given by the weekly videos such as 3686, 3704, 3746; in addition, if you lose the 5-day downward, then the 10 moving average will gradually move upward and approach, touching it for the first time, or puncture it, which will bring about another wave of unilateral pull-up. ; Therefore, before the interest rate cut was announced at 2 a.m. this Thursday, it is expected that gold prices will not only maintain a strong high level, but may even hit a record high, which is temporarily unavailable to break above 3600; and after the reduction, there are two situations: one is to drop 50 points, and the decline after selling the facts will not be too strong. It may not be easy to break the level of 3600, or it may just pierce the illusion, and it is likely to stabilize before the closing of the night and continue to rise the next day; the other is to drop 25 points, and the decline after selling the facts will appear. The degree may be larger, but it is expected that the middle track will not break, that is, 3500-3511 will hold it, and continue to stabilize and rise after adjustment, and move upwards on one side;
Third, gold 4-hour level: currently it is still bonded to the short-term moving average 5-day, 10-day, 22-day, etc. Through continuous consolidation, it is to wait for the next trend to attack, because the corresponding macd has gradually repaired and approached the zero axis; we know that each wave of unilateral trend pulls up is started from near or below the zero axis;
Fourth, golden hourly line level: There was a wave of continuous declines this morning, falling below the 66-day moving average of 3640. I originally wanted to wait for the early support of 3622-20 to stabilize and continue to be bullish, and I also borrowed the stable support of the head and shoulders bottom pattern to make a strong move to attack; but unfortunately, I only gave it to 3626, and then through the channel chart analysis, see the above figure. Indeed, there is also a yellow trend line in the central axis position of the blue parallel consolidation channel, and the low point just happened to be 3626; then the European session fell into a narrow consolidation, and the high point repeatedly tested the middle track, but it was temporarily unable to effectively break through the station, and the low point gradually moved upward, forming an inverted triangle pattern. This kind of fluctuation is generally around 10 meters, suitable for back and forth brushing. For me, who has been good at grasping trend bands in the past two years, I don’t like to do this kind of back and forth small markets, and I need to buy it in the short term., at least 20-30 meters of space, so that you can effectively grasp the profit at least 10 meters. The total space of the European market trend is only about 10 meters, and there is no good operating value. It is better to just watch the show and wait patiently for the middle track to effectively break up and stand firm. Then you can turn back and confirm and try to follow a wave of pull-up to break through the upper track of the blue channel in the chart. Once the resistance level of 3658-3660 is taken, the historical high will be easily refreshed, which will also have profit margins in the band; therefore, waiting for the middle track to effectively close up or the continuous closing of the positive market is an effective breakthrough, and then find a position to follow the bullish position; or if you are bold, you can also follow the bullish position after breaking through the 3660-58-58; if the middle track really cannot be suppressed, then wait for the yellow channel or the lower track of the blue channel to stabilize and look for bullish position;
Silver: From the above figure, it is at a high level after breaking through the blue channel. As long as you stick to the upper track above 41.95, you will continue to maintain a strong bullish unchanged, and the goal is to break through 42.45 to beat the recent high;
Crude oil fluctuates repeatedly and is unstable. Look more recently, and the focus is on paying attention to the trend of gold and silver;
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 will be disclosed every day, and text and video interpretation will be interpreted. , friends who want to learn can xm-forex.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 agree should just be over; thank everyone for their support and attention;
[The article views are for reference only. Investment is risky, and you need to be cautious when entering the market, operate cautiously, strictly set losses, 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! xm-forex.comments written on major financial websites! Proficient in the K-line rules, channel rules, time rules, moving average rules, segmentation rules, and top and bottom rules; student cooperation registration hotline - WeChat: zdf289984986
The above content is about "[XM Foreign Exchange Decision Analysis]: The transaction is dull this Monday, wait until it breaks through and stands firmly in the middle track before following the bullish force". It is carefully xm-forex.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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