Jin Xiyan:4.17Gold returned to below 7000 as scheduled, and the Friday closing sell-off has begun! European Gold05Keep it empty!

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Jin Xiyan:4.17goldReturning to below 7000 as scheduled, the Friday closing sell-off has begun! European Gold05Keep it empty!




On Friday afternoon,Spot goldBoth silver and spot gold experienced short-term declines, while spot gold fell below1690dollar/Ounces, intraday decline1.5%Breaking the four-day low and dropping to the lowest point;Spot Silver Intraday decline2.3%Current report15.14dollar/ounce. Due to the strengthening of the US dollar and investors taking profits, gold has broken through7Up to the annual high point1747.04After reaching the first line, the US dollar began to decline continuously. From a fundamental perspective, the pullback of gold is related to the rise of risk sentiment. Firstly, last night's announcement of the second consecutive week of decline in initial jobless claims in the United States, coupled with the strengthening of the US dollar causing a reversal of gold's upward trend, and the increasing market expectations for the relaxation of coronavirus restrictions in the US, weakened the safe haven demand for gold.





Analysis of European Gold Trends:


The morning thinking and actual trading within the day are based on current prices1717Frontline layout band empty single, Asian market briefly retraced1683Below, type directly40Profit in the US dollar range. We emphasize the time window of Friday, which is a key turning point for this short position layout starting from Wednesday. After yesterday's consolidation, it fell back and was tested in the morning of the day1700This further strengthened our judgment, so we chose to leave it blank in the morning. At the same time, the morning review also made it clear that relying on1740Set up defensive bands.


In terms of the upcoming layout, the current market price has rebounded, but1708The drop below the support level that lasted for three trading days has been broken through, and an increase in the pullback is inevitable, especially after the morning break and the subsequent plunge, indicating that the adjustment wave after the three waves of rise has begun. In the coming period, we will focus on the high-altitude layout and pay attention to short-term trends1700，1705Continue to rely on this2Participate at high altitude, follow below1685Let's take a look70Don't break, watch the oscillation





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