Industrial Investment: Gold Strives Ahead with Green Clouds and Sword Fingers1425 Reaching a six-year high

Industrial Investment:goldPing Bu Qing Yun Sword Finger1425 Reaching a six-year high
2019year6month25day
gold
On Monday, the US dollar index fell for the fourth consecutive trading day under strong pressure from the Federal Reserve's interest rate cut expectations, and fell below96Great level, giving gold continuous upward mobility. In terms of market sentiment, the conflict between the United States and Iran in the Gulf continues to ferment. Following news over the weekend that the United States had launched a cyber attack on Iran and dispatched large warships to prepare for missile launches. On Monday, there was new news about the situation in the United States and Iran. Trump said he will sign an executive order imposing new severe sanctions on Iran in response to last week's shooting down of a US drone. The further escalation of tensions in the Middle East continues to attract a large influx of gold buying, and overnight gold further accelerated its significant rise, reaching a maximum of1425.96, reaching a high in nearly six years and closing at1425On the front line, maintain the recent strong upward trend. Today, we will continue to monitor the situation in the United States and Iran, as well as data such as the US Council Consumer Confidence Index.
Technically, although the daily chart has been rising for several consecutive days, it is currently at a high level for many years, and random indicators are severely overbought. It is not ruled out that gold prices will fall from high levels.
Key resistance:1430 / 1440 / 1450
Key Support:1400 / 1393 / 1380
Today's suggestion:
Hourly chart random indicators suggest the risk of a high level retreat;4The hour chart continues the recent upward trend of volatility, but the current upward trend has slowed down. Be cautious during the day and do not break1430The first line can short the light position below this level, let's take a look first1400Look again1393Stop loss set at1445Above the line.
silver
On Monday, silver fluctuated gently and fell during the Asia Europe period, reaching its lowest point15.31The risk aversion sentiment supported the silver price to regain support near this level, causing it to fluctuate and rise again. It also recovered all earlier losses and recorded a long shadow candle, closing at15.44. Despite the continuous decline of the US dollar, the upward trend of silver prices has slowed down and remained at a three month high. Today, you can follow the latest developments in the United States and Iran, as well as the performance of US data.
In terms of technology, the recent upward trend of the daily chart has slowed down, and it is expected to remain at a high level in the short term.
Key resistance:15.55 / 15.61 / 15.80
Key Support:15.30 / 15.20 / 15.10
Today's suggestion:
1The recent long shadow lines on the hour chart indicate significant pressure above.4Hour chart rising and falling, above15.53Nearby materials are restricted by resistance. Available within the day15.55Short positions near the front line, let's take a look first15.30Look again15.20Stop loss set at15.70upper.
copper
Due to trade frictions between China and the United States suppressing demand growth, there is uncertainty in the situation between the United States and Iran, suppressing market risk appetite. Copper fluctuated and fell during the Asia Europe period on Monday, with the lowest point being lower2.6785However, the US dollar index continued to decline, and the copper strike event supported copper prices to strengthen and recover all previous losses, recording a small candle with a longer downward shadow and closing at2.7082Maintain a short-term narrow consolidation trend. Recently, the copper market has been intertwined with bullish and bearish trends, and it is expected to continue to experience volatility. Today, we can pay attention to the geopolitical situation and changes in market sentiment.
Technical side, above the daily chart50The daily moving average is still effective in suppressing copper, or it may remain below this level for consolidation.
Key resistance:2.7210 / 2.7380 / 2.7520
Key Support:2.6910 / 2.6890 / 2.6730
Today's suggestion:
Whether the action on the hour chart is strong or not, the upper part is not broken2.7210Difficulty in opening up further upward space for front-line materials;4The long-term downward trend of the hourly chart remains good. Available within the day2.7150Short on the front line, take a look first2.6910Follow again2.6890Stop loss set at2.7270upper.