Market comments: International gold prices breaking through1800dollar create2011New high since the beginning of the year

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On Tuesday Eastern Time, the international gold price broke through1800USD, creating2011A new high since the beginning of the year.As of closing, New York8Monthly gold futures price30Daily increase compared to the previous trading day19.3US dollars, closing at per ounce1800.5USD, up by1.08%。 Tuesday(6month30day)At the end of the quarter, gold performed strongly this quarter and will record its largest quarterly increase in more than four years. Some institutions expect it to surpass its all-time high in the medium term2000dollar/ounce.
Gold has already risen this year17%。 The risk aversion caused by the COVID-19 epidemic and the stimulus policies of governments and central banks all benefit gold. With the end of the second quarter, gold hit a record high2016The largest quarterly increase since the first quarter of the year - expected to be12.4%。
Since the outbreak of COVID-193Since the outbreak of the month, the Federal Reserve's balance sheet has expanded by more than3Trillion US dollars. Meanwhile, the balance sheets of the world's four major central banks have risen5Trillion US dollars.
"Low interest rate, monetary policy and COVID-19 are all working." Economist of Overseas Chinese Bank of SingaporeHowie LeeAt the current price, we see that gold is pushing up the boundary, and our model shows that this boundary is fair price, so we may need more interest rate drops to push gold prices up1800Above the US dollar
Citibank raised its expectations for gold today by raising its three-month price forecast to1825dollar/Ounces, previously expected to be1715dollar/ounce; And add2021Annual expectations raised to2000dollar/ounce. At present, the highest historical value of gold is2011Achieved in the year1920dollar/ounce.
Goldman Sachs previously stated that it expects gold prices to reach historic highs in the medium term2000USD.
Technical aspects of Meijin:
The Ritu Bolin Belt expands outward and operates,MA5Mean Square andMA10The moving average shows a good upward trend with a golden cross,KLine intersection between the upper and middle tracks in BolinMA5Near the moving average,MACDThe golden cross of the fast and slow lines slows down the upward red kinetic energy,KDJThe third line continues to move upwards with a golden cross, and the overall performance of the daily chart market shows a certain downward trend;4Hour chart, The Bolin Belt runs with three tracks opening outward,MA5On the moving averageMA10The moving average rises with a golden cross,KThe line intersects with the Bolin track,MACDThe intersection of the fast and slow lines crosses to the right, and the red kinetic energy gradually increases,KDJThe three lines continue to diverge upwards in a golden cross shape,The short-term correction trend of gold prices is recommended to focus on high-altitude operations during the day. Preliminary resistance above1804Nearby, the resistance in the next step is1815； Preliminary support below1788Further support on1780；
Daily trading strategy（08Contract):
1Above1804-1815Short selling nearby, stop loss each10US dollars, stop earning each300Point;
2Below1788-1780Short term long trading nearby, stop loss each10US dollars, stop earning each200Point;
The content of the article is purely the author's remarks in the upcoming market（qsly1818）My personal opinion is that I do not recommend placing orders. The specific market situation is based on the intraday trend. There are risks in investing and caution is required when entering the market.
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