Industrial Investment: Strong USGDPLimited impact Gold's mild rise still faces pressure

Industrial Investment: Strong USGDPLimited impact goldGentle rise still under pressure
2018year8month30day
gold
International spot gold stepped back on the previous day1200After the first line, it moderately rose, although it slightly closed positive, there is still significant pressure above. US Q2GDPUpward revision0.1%to4.2%Higher than expected4%, from2014The fastest growth rate since the third quarter of this year. However, the market believes that this may be driven by one-time factors such as tax cuts, and strong economic growth may be difficult to sustain. In addition, despite maintaining optimism about economic growth, Federal Reserve Chairman Powell believed that inflation would not accelerate to2%Above, it suggests that its hawkish stance has softened, which has also kept the US dollar weak. However, market sentiment improved and the stock market rose, diverting funds and limiting the increase in gold prices. In the short term, gold prices may remain at1200Upper oscillation.
Technically speaking, the daily chart5/10The daily moving average gold cross provides support, but random indicators tend to fall from overbought areas, and may fall into a consolidation market in the short term.
Key resistance:1207/1214/1220
Key Support:1201/1196/1191
Today's suggestion:
The hourly chart rebounded moderately, but the trend remains weak.4Hour chart onMA200Blocked fall, temporarily in1200Stable, but lacking the ability to take action, it may still be hindered and fall back again. Suggestions for the day1210Short on the front line, stop loss1214Seeking from above and below1200Stabilizing on the front line and taking long opportunities on the backhand.
silver
The fluctuation of silver is limited, with a maximum upward trend14.77, lowest touch14.65Sorting out the previous day's decline, the overall trend remains weak. United StatesGDPThe performance was better than expected, but failed to boost the US dollar. Instead, the market is concerned that the strong economic growth in the United States will be unsustainable, and the US dollar will remain weak. However, due to improved market sentiment, the rise of the stock market has weakened the support of precious metals, which may be difficult to change the recent weakness. For the day, there is a tendency to seek short selling opportunities at high points, but due to the weakness of the US dollar, downward space may be limited.
Technical aspect, daily chart subject to20The daily moving average is being suppressed, and the random indicators tend to decline from overbought areas, and are still expected to further decline.
Key resistance:14.77/14.83/14.91
Key Support:14.65/14.58/14.50
Today's suggestion:
The hourly chart has sorted out the previous downward trend, but the trend is still weak,4The hourly chart rebound lacks momentum, and under heavy pressure above, there may still be a possibility of further decline. Suggestions for the day14.77Short selling on the front line, tightening stop loss, breaking down14.65Follow up and see14.58。
copper
Copper prices slightly decreased overnight, with the lowest point dropping2.6944Subsequently, it stabilized in that period, and the Asian market quickly rose in the early morning session today, maintaining a rebound momentum. However, the space may be limited due to the suppression of the medium-term downward pressure line above. The positive economic growth in the United States and the possibility that the Federal Reserve may prefer to maintain the current pace of interest rate hikes rather than accelerate them all provide support for copper prices. However, the demand outlook for China, the world's largest copper consumer market, remains uncertain, and the correction of the renminbi after a thousand point surge has limited the rise in copper prices.
Technically, daily charts5/10The daily moving average forms a golden cross, but the continuous upward shadow shows heavy pressure above, so maintain caution and look for a rebound.
Key resistance:2.7445/2.7800/2.8170
Key Support:2.7000/2.6900/2.6730
Today's suggestion:
Hourly chart stepping back2.7000The lower level stabilizes and rises, but lacks follow-up, which is not conducive to further upward movement.4Hour chart retestMA200Only by effectively standing above this level can we expect to expand the increase. Suggestions for the day2.7445Short positions with light positions below, tighten stop loss measures, seeking2.7000-2.6900Stabilizing the backhand and taking long opportunities.