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Gold surged higher and fell back on 11.14, and the Asian trading range consolidated and fluctuated.
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: Gold surged higher and fell back on 11.14, and the Asian trading range consolidated and fluctuated." Hope this helps you! The original content is as follows:
Your profits xmxyly.come from other people's losses. In other words, when someone makes a mistake, profits will appear in the market that can be earned, but you cannot calculate or predict how many people will make a mistake next, or how big of a mistake they will make, and you cannot guarantee that you will be on the right side every time. Then, the only thing you can do in trading is that when you make a mistake, try to make the mistake as short as possible. The rest is to wait for others to make mistakes and encourage each other

Yesterday, gold surged higher and fell back. In the evening, after breaking through, it reached the lowest level at 4144. It closed with a mid-yin line with upper and lower shadow lines. It was basically as expected. The price officially turned short after falling below 4220, and we operated the 08 short position in the early trading yesterday. It has also fallen to 80, and the 36 short in the European market has dropped to 20. The overall short position in the evening is also perfect. For today, the trend of the daily chart has not changed. The upper and lower shadow lines of a single K do not represent a turning trend. Today is the key point to verify whether this K line can turn. A further breakdown means a short-term rebound. The rebound is over. If it doesn’t break, it’s just that the strength of the pullback is a little stronger, so we don’t need to make a conclusion for the moment whether it’s a bearish turn or a bullish turn. However, we can reason first based on the short cycle. The four-hour pullback has not broken near the mid-rail, but it has closed down and closed above the line. If it is currently above the line, it is suppressed. At the same time, the daily chart is close to the acceleration line and is moving downwards. It has also regained the upper line, so the key is to go above 0 on the daily chart today. Once it breaks through two situations, one is to test the upper line on the hourly chart, and the other is to break through the high. Maybe everyone is bearish after yesterday's decline in the cross star, but there are many examples of this kind of high breaking in the upward trend, so once it breaks through 0Be careful when shorting after 8. The worst is to shock the market, and the support below is still near last night's low. As mentioned at the beginning, the short-term rebound has peaked if it breaks, so we do not go long or dead short. We do it according to the range during the day. If the position is broken, it will continue to follow the trend. Therefore, the xmxyly.comprehensive conclusion is as follows:
Do a shock between 4208-4145 during the day, and follow the trend after breaking the position.
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The above ideas are for reference only. The market is risky and investment needs to be cautious. Good luck is with us. Trading is for profit, not for gambling or trading, so traders must understand what stage the price is at and what action to take! Traders are not always long, nor are they always short. Traders always change with the changes in the market! Traders must have their own defense system to control risks! Risk control and fund management are must-haves in your trading!
The above content is all about "[XM Foreign Exchange Market Analysis]: Gold surged higher and fell back on 11.14, and the Asian trading range consolidated and fluctuated". It was carefully xmxyly.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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