Industrial Investment: Trade Concerns reignited Golden Step Back1200

Industrial Investment: Trade Concerns reignited goldStep back1200
2018year8month31day
gold
International spot gold1210Affected by obstacles below, the market fluctuated downward, and the bulls struggled weakly during the trading session. The New York market quickly fell, with the lowest point falling1196.15, and then maintained at1200Narrow width organization below. According to reports, US President Trump will support additional tariffs on Chinese imports as early as next week2000Billion US dollars in tariffs. However, Trump has not yet made a decision on this matter. In addition, although the EU made concessions on car tariffs, it was rejected by Trump. As Friday's deadline approaches, the market seems to be less optimistic about the negotiations on the US Canada trade agreement than it was at the beginning of the week. Against the backdrop of the tense global trade situation, the US dollar bulls have regained momentum and are suppressing gold. However, gold prices have recently rebounded and there has been some improvement in the technical aspect, so caution should be exercised before the weekend.
Technically speaking, the daily chart should be stepped back5/10The daily moving average is a golden cross, but the random indicator tends to fall from the overbought area, and the short-term outlook is temporarily volatile.
Key resistance:1205/1210/1214
Key Support:1196/1191/1183
Today's suggestion:
The hourly chart fluctuates downward and the trend is still weak, but currently it is1200Below is a weak consolidation, not overly bearish.4Hour chart onMA200Blocked, but in1200The entanglement of long and short positions on the front line may limit the downward space. Suggestions for radical individuals within the day1196Seeking opportunities to stabilize light positions and take long positions nearby, with tight stop loss measures set above1205-1207Seeking opportunities for backhand short selling when encountering obstacles.
silver
Silver continues to decline due to resistance, hitting its lowest point in New York trading14.49Subsequently, it remained above this level for consolidation, and the short-term trend remained weak, but the downward space may be limited. Trump's intention to once again extend a tariff slaying knife to China has caused global risk assets to change color, leading to a sharp drop in the US stock market and a return of safe haven funds to the US dollar, suppressing silver. However, although silver prices have not reversed the overall downward trend in recent times, there are signs of stabilization, so it is cautious to be bearish when approaching the previous low point.
Technical aspect, daily chart subject to20The daily moving average is suppressing continuous downward movements, and the random indicators still tend to decline, but approaching the previous low point, the downward space may be limited.
Key resistance:14.62/14.72/14.78
Key Support:14.46/14.40/14.32
Today's suggestion:
The hourly chart fluctuates downward, with a weak consolidation after the big bearish candlestick, and is still expected to further decline,4The hourly chart has been continuously declining, and there is currently no stop down signal, but it is approaching below14.46as well as14.32Support, space may be limited. Suggestions for the day14.62Be cautious in short selling on the front line, tighten stop loss, and break down14.46Follow up and look14.30Seeking opportunities to stabilize and take a long turn.
copper
Copper price long short tug of war, brief intraday test2.7387There is a risk of downward movement due to obstruction below the file, oscillating back and forth, and inclusion of a cross star. Bloomberg reported that Trump told his aides that he supports pushing for additional tariffs on Chinese goods2000A tariff of billions of dollars has yet to be decided. The White House also did not comment on this. However, the tense trade situation between China and the United States is not conducive to the prospects of copper demand, putting pressure on copper prices. After several recent rebounds that have failed to rise, there is a risk of copper prices falling again.
Technically, daily chart stepping back5/10The daily moving average is a golden cross, with random indicators tending downwards and short-term bearish.
Key resistance:2.7210/2.7400/2.7750
Key Support:2.6830/2.6650/2.6400
Today's suggestion:
The high and low points on the hourly chart have shifted downwards, although temporarilyMA200Stable, but there is a downside risk.4Hour chart onMA200Below, there is a tug of war, with bears having a slight advantage. Seek advice within the day2.7210Short on the front line, break down2.6830follow-up.