Industrial Investment: Market Position Adjustment Gold Exploration1760

Industrial Investment: Market Position Adjustment goldUpward exploration1760
2020year6month23day
Fundamentals
Under the two opposing forces of increasing concerns about the epidemic and continuous economic stimulus measures, the market's trend has been extremely volatile. Gold accelerated its rise after breaking through the triangle last Friday, approaching its previous high point1764On the first line, the US dollar corrected last week's gains downward, providing an opportunity for non US currencies to rebound. Euro Pull Up100Surplus points, the pound rebounded from low levels by approximately170Commodity currencies have also stabilized above recent consolidation lows and have risen one after another.
The current market does not have clear driving factors, but rather positions are adjusted, and the trend may not be sustainable. However, considering the significant boost to the US dollar after last week's US retail sales data, the series to be released today in Europe and AmericaPMIData may dominate the intraday trend of currency pairs, especially market expectations for the United States6Monthly manufacturing industryPMIIt will return to the expansion field for the first time since the outbreak of the epidemic, and if the results meet expectations, it may provide support for the US dollar.
Technical aspect
euro/dollar
Daily chart on1.1160Stable and strong upward trend above, with random indicators tending to further rise. Pay attention to whether it can stabilize or notMA10upper.4The potential downward trend line of the hour chart upward test can only open up further upward space if it breaks above this line. Hour chart on1.1280The front line is blocked, and the short line still tends to go down. Suggestions for the day1.1250Short below, break below1.1220follow-up.
support level ：1.1220 1.1180 1.1150
Resistance level: 1.1250 1.1280 1.1300
pound/dollar
The chart has risen strongly, but it is stillMA10Below, it is difficult to open further uplink space without breaking the line.4Hour chart on1.2330The upper part stabilizes and fluctuates higher, currently in the1.2500Obstruction below. The short-term moving average of the hourly chart has turned upward, but today the Asian market has made a correction in the early trading session, focusing on whether it can stabilizeMA20. It is recommended to operate cautiously within the day, with a slight inclination1.2470Short below.
Support position: 1.2410 1.2380 1.2335
Resistance level: 1.2470 1.2500 1.2540
dollar/Japanese yen
Low level sorting of daily charts, lacking momentum.4Hour chart on106.70The upper part is organized, but the rebound strength is limited, and the overall trend is still downward. Houtu Duokong Chaisaw, follow106.60Support. Suggestions for the day106.55Long on frontline light positions, pay attention to107.10Nearby resistance.
Support position: 106.55 106.35 106.00
Resistance level: 107.10 107.30 107.55
gold
The daily chart approaches the previous high point1765Nearby, random indicators enter overbought, cautiously bullish.4The upward trend of the hourly chart remains intact, supporting attention1750. Hour chart elevation1765The vibration below shows signs of obstruction. It is recommended to operate cautiously within the day, and radical individuals should1760Short on the front line, break down1750follow-up.
Support position: 1750 1745 1738
Resistance level: 1760 1765 1770
silver
Exploration on the Daily Chart18.00Frontline star receiving, random indicators tend to callback.4The hour chart oscillates and rises18.00There are signs of obstruction on the front line. Hour chart impulse high test18.00Backward due to obstruction, short-term rebound is clearly hindered and still tends to decline. It is recommended to use the17.85Short below, break below17.65follow-up.
Support position: 17.65 17.55 17.40
Resistance level: 17.85 18.00 18.10