Xie Hongyuan:4.23Does the trend of gold continue to decline? Suggestions for gold and silver operations

goldTechnical analysis:

Thursday（4month22During the Asian period, spot gold is traded at1795Nearby. Wednesday（4month21Rising gold prices in Japan0.85%The continuous warming of the global epidemic has increased the attractiveness of safe haven gold, and the decline in US dollar and US bond yields has further supported the rise of gold prices. However, the continued high operation of the stock market has limited the rise of gold prices, and the accelerated pace of vaccination in the United States has also boosted expectations of economic recovery, which will also have a certain drag on gold. Focus on the European Central Bank's interest rate resolution and initial request data for the day, which may be bullish on gold prices.

Due to the weakening of the US dollar and the decline in bond yields, gold has maintained its upward trend and continues to climb close to1800In terms of the US dollar and daily chart, gold prices rebounded strongly on Wednesday, once again breaking through the upper track of the downward channel1784Resistance, closing1793.79The closing day once again recorded a small positive line,MACDandKDJGold fork operation, gold price hit early2month25New high in recent days1797.92Afterwards, there has been a slight decline, and currently the narrow trading range is1780-1790-Range, there is still another test in the short term1800The signs of a major level, and once the gold price stabilizes at this position, it is expected to open up new upward space in the midline, with further resistance looking towards1959-1676section50%Withdrawal position of1818。

However, based on the current trend,1800There is still significant resistance at the checkpoint, and a catalyst is still needed to break through the gold price. In terms of indicators, asKDJEntering the overbought area, Xie Hongyuan is expected to break through in gold prices1800Previously, there will still be a certain degree of decline in the short term, and initial support will continue to be given1780Can the support effectively break through and further support10Daily moving average1763This position is also close to Tuesday's low, which is also an attempt by gold prices to hit this week1800The starting point of the big barrier, if it falls below, the gold price may return to20Daily Moving Average and Bollinger Belt Mid Track1743Seeking support, this position is also1959-1676section23.6%Withdrawal, with strong reference value, can currently be seen as a short-term long short divide. Once missed, the recent bullish pattern will be completely disrupted;

In summary, gold prices can still remain bullish in the short term, but are breaking through1800Before the Great Barrier, there was a certain demand for a pullback in the gold price, so Xie Hongyuan suggested that the operational approach should still focus on a pullback to the low and short positions, supplemented by short selling during high periods;

Suggestions for Gold Operations:1780Nearby, stop loss1775, Objective1790-1800；

Paper and silver trends:

Paper silver4The hourly cycle is currently in a downward trend, and the upward structure of the four hour chart level fluctuation is extremely obvious. The moving average system presents a bullish pattern arrangement, and the thinking continues to be firm and bullish. Paper silver1The latest situation at the hour level. belong to1The overall hourly level maintains an upward trend, and there may be short-term setbacks within the day. The short-term operation maintains a much lower mentality, with the high point in the figure5.57-5.53Element is pressure,5.0Yuan is the support.4According to the hourly chart, due to5.0The yuan support has not been damaged, so Shi Wanjin believes that paper and silver have risen again to5.32-5.57The probability is high. The paper and silver cycle is still bullish, and there may be a rebound in the short term. Xie Hongyuan suggests that the main focus should still be on low volume layout in terms of operation.