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An interest rate cut was announced tonight, and gold took the opportunity to hit the bottom and quickly counter and rise.
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Platform]: An interest rate cut is announced tonight, and gold takes the opportunity to bottom out and quickly counteract the rise." Hope this helps you! The original content is as follows:
Zheng’s Dim Silver: An interest rate cut was announced tonight, and gold took the opportunity to hit the bottom and quickly counterattack and rise
Reviewing yesterday’s market trends and emerging technical points:
First, in terms of gold: Yesterday morning at 21:00, there was a long downward shadow bottoming out and reverse positive K. The strength seemed to be OK. I thought there was momentum that day to rebound and confirm the first-line resistance of the next daily line mid-rail 4050. If it reaches it, I would consider going higher and falling back; If it closed at 11 o'clock with a negative report, it was immediately washed back. When the support of 3980 was broken, the market weakened again. The European market continued to be negative again, losing 3945, 3914 and other supports one after another, and the lowest hit a low of 3886; The market is weak, and there is a second downward trend after the U.S. market rebounded. However, the intensity of the second crackdown at 21 o'clock last night was obviously insufficient and did not break a new low. Instead, it broke through the 3930 sideways resistance level upwards, suggesting that this position can follow the bullish rebound and arrive at night. 3970, Feng Shui Ridge 3972 is still under pressure, suggesting a bearish pullback of 3960. A quick dive this morning just reached the expected target of 3918, but unfortunately the bullish backhand plan of 3905 was not given;
Second, silver: Yesterday, the European market rebounded in a row and started to show some signs. The research report that night emphasized that attention should be paid to 46.6. Once it breaks above, it will take the lead in stabilizing in the short term and launch a wave of oversold rebound;
Today Daily market analysis and interpretation:
First, the gold daily level: It has been mentioned in the past two days that if the daily line falls below the middle track, it is prone to flopping behavior, which means that it is difficult to continue to weaken. Generally, on the second day, or at the latest on the third day, there will be a bottom sun that closes on the middle track again to www.xm-forex.complete a short-term bottom signal; although yesterday's suppression of a new low was stronger than expected, it is still okay to close the long shadow K in late trading (originally this K should be too small), but the current big sun today is in line with the probability of a fall. In theory, it should close above the mid-track 4056 again. It depends on the intensity of the interest rate cut in the second half of the night and whether Lao Bao’s speech is dovish; once the market closes above 40 on the 5th 40, it is so easy to test the 10 moving average of 4134, and then there is the 4200 line, the counter pressure point of the lower track of the previous upward channel, which will at least make a second high point; if 3886 is the bottom of this wave of decline, then refer to the division, The three resistances to pay attention to in the market outlook are 4075, 4134, 4192, and the stronger resistance 4275-4326 (this may be more difficult to test);
Second, the golden 4-hour level: at this time The mid-track 4025 is being tested. Once the closing line at 22 o'clock effectively breaks through the station, it will rise further. In conjunction with the bottom divergence of macd, the top is expected to test the 66-day resistance 4146;

Third, the golden hourly level: suppressed 3960 in the morning, fell to 3915 in seconds and then pulled back in seconds, indicating that 3915 had some stabilizing support. After that, Lianyang broke through the overnight high of 3970 and hit 3982; then the first consideration is to rely on the 618 division position of 3941 in the morning rebound to follow the bullish rebound. As a result, the price The price difference was only 3944. After bottoming out at 11 o'clock, I relied on the 10 moving average to stabilize at 3958 to follow the bullish trend. Unexpectedly, it became overcast in the afternoon, and the shock washed away. It immediately closed positive at 14 o'clock and turned around. In addition, at that time, silver continued to break through the 47.6 resistance level, indicating that 3970 directly followed the band to bullish, and finally caught a wave of continuous rise in the European market, with the current maximum of 403 0 line, the big fluctuations in the past few days do sometimes require more courage than usual; so tonight, the European market continues to rise and break through the highs, and there is a second rise in the evening. Since the pull-up strength also exceeds 100 meters, coupled with the interest rate cut announcement in the middle of the night and Lao Bao's speech, the market may remain gradually calm. Therefore, wait until it goes back to around 4000 and relies on the 10 moving average to stabilize. Consider continuing to be bullish. Basically, after a single negative order, there will be a continuous positive pattern (a strong short squeeze move). The upper resistance is 4030-4040. If the breakthrough point is reached, it will gradually move closer to the previous convergence triangle counter-pressure, that is, 4090-4100. In addition, the hourly line middle track cannot be broken, otherwise it will easily turn into a shock and a large back and forth sweep;

Silver: Silver’s performance is stronger than gold. The daily line has broken through the 5-day moving average today. The thick purple trend line in the chart has broken through again. Then 47.4 is an important support node and is also the hourly mid-rail at this time. As long as it is stable here, it will further rise; the 4-hour Dayang mid-rail breaks through the station, and the support confirmed by stepping back is 47.6. The hourly 10-day supportThe support is 47.8, which is currently hovering at the lower rail of 48 in the previous bottom consolidation range. Therefore, tonight, pay attention to the support of 48-47.8-47.6. If it stabilizes, it will continue to be bullish. The resistance target is 48.4. If it breaks above, pay attention to the daily line of 10 and the middle rail of 49.3-49.4, or even 49. .8, etc.;
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 twelve years. The technical points will be disclosed every day, with text and video interpretation. Friends who want to learn, www.xm-forex.combined with actual International trends can be www.xm-forex.compared and referenced; those who agree with the idea can refer to operations, take good defense, and risk control first; those who do not agree can just let it go; thank you for your support and attention;
[The opinions in the article are for reference only, investment is risky, and you need to be cautious when entering the market, operate rationally, and strictly design Loss, control positions, risk control first, be responsible for profits and losses]
Writer: Zheng Shi Dian Yin
Reading and researching the market for more than 12 hours a day, persisting for 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.xm-forex.comments on major financial websites! Proficient in K-line rules, channel rules, time rules, moving average rules, segmentation rules, and top-bottom rules; student cooperation registration hotline - WeChat: zdf289984986
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