Xie Hongyuan:5.11Operational strategies for the trend of gold and silver, analysis of gold and silver technology

goldMessage analysis:

Tuesday（5month11During the Asian session, spot gold fell slightly, trading in1834Nearby. Monday（5month10Japanese gold prices surged and fell, reaching a three-month high at one point1845.49The depreciation of the US dollar to a low of about two and a half months, as well as some weakness in US stocks, provided gold support. In addition, the Federal Reserve is expected to continue its low interest rate policy after the release of non farm data, which also supports the upward trend of gold prices. However, the slight rise in treasury bond bond yields on Monday and the successive unblocking in Europe limited the rise of gold prices. Although gold prices have closed with two long bullish candlesticks in the short term, there should still be some room above, and investors can wait for the opportunity to long at a low level.

Market analysis shows that the recent technological trends of precious metals are also bullish, continuing to attract short-term investmentfuturesTraders enter a bullish market. The US dollar index has dropped to2The low point of one and a half months also provided metal support. The decline in the US dollar can boost the attractiveness of US dollar denominated commodities to overseas buyers. The weakness of the US dollar once helped gold rise to1845, away from1850The checkpoint is one step away, but the majority of the gains were recouped in the late trading session.

If the data shows that inflation pressure in the United States is further increasing, it will be beneficial for the gold trend with inflation hedging functions; If US retail sales data perform weakly as expected, or even worse than the data, it will increase investor concerns about the US economic recovery, thereby hitting the weakening of the US dollar and driving gold prices further up. In addition to economic data, Federal Reserve officials will give intensive speeches this week, and it is expected that their remarks will also affect the trend of financial markets.

Gold Technology Analysis:

Overall, as gold prices break through the Bollinger Bands and enter the upper bound1831-1845Regional and market sentiment is bullish, but given the significant short-term increase in gold prices and the fact that they have not yet broken through1842Nearby resistance,KDJThe random indicators are further approaching the overbought area, and at the same time, it is necessary to be vigilant about the rebound of trading during the rise of gold prices, providing initial support for the upward trajectory of the Bollinger Bands1821Retreat position1818For further support, focus on daily lows1812If it unexpectedly breaks down, the short-term bullish signal will be weakened, and the gold price may return to a new direction1800Seeking support at the critical juncture. Xie Hongyuan suggests paying attention to the resistance above in terms of operation1842-1845First line, support attention from below1825-1827Frontline, breaking through and following1812-1818frontline.

Gold operation strategy: rebound1840-1842Short on the front line, stop loss1849, Objective1825-1827First line, break through to see1818frontline;

Analysis of Paper Silver Market:

Paper silver4The latest situation at the hourly level shows that the upward structure of the four hour chart level oscillation is extremely obvious, and the moving average system presents a bullish pattern arrangement, with a continued firm bullish mindset. from4As can be seen from the silver dividing line in the hour chart,5.89-5.79For pressure,5.64-5.5To support. The rhythm of fluctuating and repeatedly breaking new highs in form is very obvious. Therefore, overall, the bullish atmosphere of paper and silver is strong and the trend is more obvious. Therefore, Xie Hongyuan suggests that the strategy of continuing to retrace and go long should be maintained.