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Gold directly crossed 4192, and the second high continued to the next 4275
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Hello everyone, today XM Forex will bring you "[XM Group]: Gold directly crossed 4192, and the second high continued to the next 4275." Hope this helps you! The original content is as follows:
Zheng’s Silver Points: Gold directly crossed 4192, and the second high continued to the next 4275
Reviewing yesterday’s market trends and emerging technical points:
First, gold: Yesterday morning it surged higher and fell back. The heavy Yin fell below the hourly line on the 10th, which meant that the short squeeze was over, and a callback and shock correction started. Then 4121 followed a bearish downward trend, reaching the lowest level of 409. 8. Won the dip; due to the continuous negative trend at that time, the rebound in the afternoon relied on the small-level top and bottom resistance of 4116 and then tried to fall back. As a result, the younger silver suddenly surged higher and brushed the intraday high, and gold was driven to bottom out. rose, almost breaking 4125, then stepped back to 4115-16, and the capital was adjusted immediately; the Asian market fell, although the European market rebounded, it did not break the high, and the strength was average at that time, and the high level was in range sideways, then the US market was still Treated as a shock correction, relying on the upper track of 4145 to be bearish and downward, the plan is to correct to the middle track of the daily line or start a bullish upward trend on the 5th, and also point out that the correction is for a better market outlook to pull up and break through the high; as a result, after entering the market, the buttocks were not even sitting on the heat, and were directly lifted out in 2 minutes, directly upward and started another wave of strong short squeeze; then the daily level was pushed to the sub-high in one go;
Secondly, in terms of silver: It was pointed out before and after the European market that a breakthrough After breaking through the red channel and hitting the rails, the confirmed position for stepping back is the 51.45 line. If it falls below and returns to the channel, it can suppress the correction. However, it just touched 51.45 yesterday and stabilized and continued to rise sharply, and at the same time, it drove gold to rise all the way;
Today's market analysis and interpretation:
First, the gold daily level: Yesterday it continued to close at positive K, not counting today, it has been four consecutive positive days, and there was no pressure in the middle.The correction is negative, so this wave is to go up unilaterally in one go. In the past two weeks, it has been emphasized that at least the second high point will be tested at 4192, which belongs to the 618 division position of 4381-3886. It was directly in place last night, and did not bear any pressure at all. It went directly over, then the next thing to test is the 786 division position 4275; refer to the rebound of the second high point after the suppression of 3500 in April At that time, 786 happened to be under pressure, and a large convergence triangle unfolded for a period of time. Whether it will be repeated again this time is what needs to be observed;
Second, the golden 4-hour level: today continues to rise for the 5th day, and it is another day of short squeeze, maintaining a strong bullishness; in the future, if there is a small correction to the 10th or the mid-range, there will be opportunities to continue to be bullish;

Third, the golden hourly level: From the picture above, remember the purple trend support line mentioned many times in previous research reports, which is the dividing line that starts to rise from the bottom of 3311; if you go up to test the touch today, the counter-pressure point is exactly 42 70-75 is also the next sub-high point of 786; therefore, it will be more critical next and deserves attention; today the Asian market is trading sideways at a high level, the European market has risen and broken high, and is still strong, and the US market has the possibility of a second rise; due to the CPI announcement tonight , or there may be some chaos, the resistance line 4240 is obvious, and the European market has been under pressure three times. Once the sun breaks through, it will basically continue to short-squeeze and pull up towards 4275-70; on the contrary, if there is a wave of decline before 22 o'clock, it will be treated as short-selling. Stabilize and prepare for a second rise. For reference positions, pay attention to the 10th and the middle track. Their positions will move up with the line change, so I won’t talk about their positions. Therefore, tonight, you can either directly pull up and continue to rise, or you can bottom out and then pull up again, which is mainly bullish;

Silver: On the daily level, silver has shown a big V trend and is about to test the previous historical high of 54.45; from the picture above, pay attention to the strong bullish movement in the yellow channel tonight, and the lower rail support 53.4 has a stabilizing signal. , it is also the middle track of the hourly line. Then tonight, if you step back on 53.5-53.6, you can continue to be bullish. If you break 53.4, you will need to choose the opportunity to adjust your position. Wait for the next low before stabilizing the bullish trend. The resistance target is 54.45-54.6;

Crude oil: continues to see and oscillate around the channel in the chart. Yesterday, the highest point of the upper track was bearish and downward, directly reaching the lower track; today the Asian market has been moving down the track without moving, and the European market has a bottom-day rebound, which means that the lower track support 58 is temporarily held. Tonight, you can step back to the 58.5 line top and bottom position to try to see a rebound. If the lower track is broken, adjust positions, and then chaseStep forward to see the upper track;
The above are several views of the author's technical analysis. As a reference, it is also a summary of the technical experience accumulated by 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 can xmxyly.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 all for your support and attention;
[The opinions in the article are for reference only. Investments are risky. You need to be cautious when entering the market, operate rationally, strictly set losses, control positions, risk control first, and be responsible for profits and losses]
Writer: Zheng's Dianyin
Reading and researching the market for more than 12 hours a day, insisting on ten years, detailed technical interpretations are open to the entire network, and serve with sincerity, dedication, sincerity, perseverance, and wholehearted service to the end! Write xmxyly.comments on major financial websites! Proficient in the K-line rule, channel rule, time rule, moving average rule, division rule, top-bottom rule; student cooperation registration hotline - WeChat: zdf289984986
The above content is about "[XM Group]: Gold 4192 directly crosses, the second high point continues to the next 4275". It is carefully xmxyly.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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