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Follow these four-month trend cycles, beware of gold attacks and pressures tonight
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: Follow these four-month trend cycle, beware of gold sneak attacks and selling pressure tonight." Hope it will be helpful to you! The original content is as follows:
Zheng's silver: Follow these four-month trend cycles, beware of gold sneak attacks and selling pressures tonight
Review yesterday's market trend and technical points:
First, in terms of gold: Yesterday's Asian session still went through the previous two days' cycle in the morning. After the high was sideways at the overnight high, it fell directly. When it was close to the daily 5 moving average 3380, it continued to be bullish, and the lowest was only given to 3384. 5; The afternoon pulls up, and the plan to retrace 3392 continues to be bullish, but the result is only 3393.5, which is slightly worse than the opportunity. The US market reference research report 3394 stabilizes and continues to be bullish. In the end, 3400 follows the bullish, and 3420 successfully takes the profit in the middle of the night to close the rice; it is also a pity that the derivative pressure point corresponding to the trend resistance line of 3452-3438 is around 1 US dollars, and the good bearish fallback position is also missed; /p>
Second, silver: yesterday, it was once again strong and above $39. When the Asian and European markets were slowly rising and breaking high, the US market referred to the research report and supported the second pull-up on 38.8, and it did rise to 39.1;
Today's market analysis and interpretation:
First, gold daily line level: Yesterday, relying on the 5 moving average to stabilize and closed up again, it has ushered in a good small unilateral pull-up in the past few days, but overall, it is still It has not escaped the convergence triangle consolidation in the past four months; the overnight high is 3423, slightly piercing the upper track of the new channel convergence triangle, and the closing line at the end of the market is still on this channel line, so it cannot be concluded that the breakthrough is effective, and it is necessary to check today's pattern to confirm; www.xmniubi.combined with the weekly video, the trend cycle pattern over the past four months is detailed, 3438-3267 belongs to the third round of trends, referring to the two rounds of 3120 and 3247 in the previous period, this time 3409-3311 is the first volatility and decline. The wave of 3311 stabilizing upward attack is the first pull-up. At least it will break through the previous 3409 high point, and then it may launch a second fluctuation and decline. Then it was achieved last night, with the highest pull-up to 3423. Today we must be careful to attack short-term pressure. On the other hand, yesterday pointed out that today is the end of the monthly line, which is easy to suppress one wave at the end of the month. The monthly line may close again at the upper shadow line K, and will stabilize and rise again at the beginning of next month. In short, you must be cautiously bullish today, or not rush to bullish, and observe the strength of the day's trend; today's 5 moving average support moves upward by 3395-96, only Only when the closing effectively falls below it can the market turn into a short-term decline and pull back down, and then the second oscillation and fall, and then rely on the 3267-3311 trend line derivative support point, continue to be bullish when it is low, and then pull up to impact 3430-3450, or even higher;
Second, gold 4-hour level: 10 moving average moves up 3304-05, and the middle track support moves up 3392. These two are also the support points for today's short-term. Only when this cycle effectively breaks and loses them can it turn from a volatile pull up to a volatile decline;
Third, the golden hourly line level: the morning is still in the cycle, and the opening is down, and after touching the upper track of the blue channel in the figure for several hours, the European session has broken down and the middle track has also fallen, so there are signs of further technical decline tonight; the European session is basically consolidated around 3314-3307, and the market is waiting for the PCE data tonight to stimulate and guide. The expectation is greater than the previous value. Once the announced value is still greater than the expected, it will weaken the September interest rate cut expectations, thereby suppressing the gold price; otherwise, it is positive; see if the news cooperates with the technical decline and corrects. If the pressure downward trend is in line with the pressure downward, the lower support is first 66-day moving average 3396-97, and then downward are the blue channel lower rail 3389, and the purple channel upper rail 3380, etc.;
Silver: From the daily line level pattern, it closed at a big positive yesterday, but it still remained strong, but the closing still could not effectively stand on the upper track of a certain channel (37.3-38.7 as the two upper tracks), so there may be a high consolidation probability; from the hourly line level in the figure, the Asian session fell a wave, and the European session maintained that the consolidation between the small range was weak, and the US session tended to bottom out and pull up; resistance at 39-39.1 under pressure, first look at the fall and downward trend, support at 38.55 and 38 stabilized before looking at the upward trend;
Crude oil: The daily line level continues to pay attention to which side of the daily line or the 10 moving average is effectively broken, and follow it at that time; and the hourly line level in the figure has an upward trafficYou can pay attention to the road. The upper track is 64.6 and the lower track is 63.7. The range is not large. Look at the signal again.
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 interpretation of text and videos. Friends who want to learn can www.xmniubi.compare and refer to them based on the actual trend. Those who recognize ideas can refer to operations, lead defense well, and risk control. 1. If you don’t agree, just pretend to be bye bye. Thank you for your support and attention;
【The views of the article are for reference only. Investment is risky. You need to 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, persisting for ten years, and detailed technical interpretations are made public on the entire network, serving the whole network with sincerity, sincerity, perseverance and wholeheartedness! www.xmniubi.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 Market Analysis]: Follow these four-month trend cycles, beware of gold sneak attacks and selling pressure tonight". It is carefully www.xmniubi.compiled 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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