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market analysis
It is difficult for gold to continue to fluctuate up and down today. The mid-track hourly line tonight is the key.
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market www.xm-forex.commentary]: It is difficult for gold to continue to jump up and down today, and the mid-hour track tonight is the key." Hope this helps you! The original content is as follows:
Zheng's point of view: It is difficult for gold to continue to jump up and down today, and the hourly mid-track tonight is the key
Reviewing yesterday's market trend and technical points that emerged:
First, gold: Yesterday, the short-term position was still difficult to get stuck, and it was easy to be punctured and washed out if it was not good enough. Band operation, light position, and expanded defense were relatively better, but the defense was too large. The psychological pressure will inevitably be greater, but once profits are generated, you can move up for protection at any time, and you can hold it with peace of mind; for example, yesterday's sharp decline in the Asian market rebounded to break the high, and the European market rebounded and then broke through new highs. 3970 directly followed the band to be bullish, and 4000 was the first target to reduce holdings. However, in the middle of the night, Lao Bao spoke hawkishly, suppressing the gold price, and after a round and round, 3930 prompted to continue the band bullish, and 3960 was in place to reduce holdings. Although the bottom positions are all protected, they can at least avoid short-term sweeps within 15 meters;
Second, silver: its trend is relatively more stable than gold, and will not fluctuate greatly, and the 47.4 first-line support still exists;
Today's market analysis and interpretation:
First, gold daily level: So far, after www.xm-forex.coming down from the high Yin K, it has not been able to break through the 5 moving average, so the overall trend It is still weak in the past few days, but it has quickly suppressed close to 500 meters in a short period of time, which is almost half of the increase since the strong unilateral move in mid-August. Therefore, it is easy to have a wave of oversold rebound correction in the past few days, and it is still believed that it will reach a secondary high. Therefore, if you want the market to rise, the breakthrough of the 5-day moving average is a key. Today it moved down to 3990, which is a breakthrough during the day, but confirmation requires the daily closing line.Accurate; only after the second high point is generated, the next month will slowly be used to gradually consolidate with a high-level large convergence triangle, reducing its volatility. After the brewing is www.xm-forex.completed, it will finally push upward and set a new record high, similar to the convergence consolidation on April 8, but this time it should not be too long, about one or two months, wait and see around December 11 Is the turning point signal www.xm-forex.coming out?
Second, the golden 4-hour level: the middle track resistance is 3987, which is close to the daily 5-day resistance. The macd will continue to increase the volume of the golden cross and the red column below the zero axis. Let’s see if we can suppress the middle track tonight. Once the closing is effective, there will be a wave of upward force;

Third, the golden hourly level: Today’s trend is relatively turbulent, with poor continuity and strong confusion. For example, at 11 o’clock, there is a strong negative pressure. Many people think that it will break through and weaken, and follow the overnight decline. As a result, a small V directly pulls up and breaks through the morning opening; After breaking 3966, I stepped back here to follow the bullish trend, and the result was that it fell to 3947. The amplitude was not big, but in the short-term, as long as the position was slightly higher, it was easy to lose 10 meters; the European market traded sideways for 4 hours, and finally the sun broke through at 18 o'clock, and many people broke the position to follow the bullish trend. As a result, the next two It returned to its original shape after an hour. In short, it was a repetitive pattern of shocks with poor sustainability; for tonight, the European market has been suppressing the middle rail, and after Dayang broke through, it also emphasized the patience to wait until it is close to the middle rail before stabilizing and pulling up. The test of the middle rail was www.xm-forex.completed in the previous hour, and then it depends on its rebound strength and resistance. 4000-4011, if it can break through, then the intensity is okay and will continue to 4030, or even close to the mid-track 4060 of the previous day; [Note, if you enter the market near the mid-track, the defense can move up the cost protection, so that it is a risk-free position, hold it steadily]

In terms of silver: The Asian and European markets are also trading sideways. After the European market breaks through, it steps back to confirm that the hourly line has stabilized and continues to exert force. Its trend is much better than gold, and its continuity is still possible; as long as it holds 47.8, today Look at 48.4, 48.8, 49.3, etc. at night;
The above are several views of the author's technical analysis. As a reference, it is also a summary of the technical experience accumulated in the past 12 years by watching and reviewing the market for more than 12 hours a day. Every day Technical points will be made public, with text and video interpretation. Friends who want to learn can www.xm-forex.compare and reference based on the actual trend; those who agree with the idea can refer to the operation, take good defense, and risk control first; those who do not agree can just ignore it; thank you for your support. and attention;
[The opinions of the article are for reference only, investment is risky, you need to be cautious when entering the market, operate rationally, strictly set losses, control positions, risk control first, be responsible for profits and losses]
Writer: Zheng's Dianyin
Reading and researching the market for more than 12 hours a day, persisting for ten years, making detailed technical interpretations public to the entire network, and serving to the end with sincerity, dedication, sincerity, perseverance and wholeheartedness! 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
The above content is about "[XM Foreign Exchange Market www.xm-forex.commentary]: It is difficult to continue gold's random jumps up and down today, and the mid-track of the hourly line tonight is the key". It is carefully www.xm-forex.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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