Industrial Investment: Gold is still in a bullish pattern 1200Intense competition for checkpoints

Industrial Investment:goldStill in a bullish pattern 1200Intense competition for checkpoints
2017year1month16day
gold
Gold closed positive for the sixth consecutive trading day, but the increase slowed down and did not reach a new high. At one point in the day, due to the rapid decline in US economic data, the lowest test was reached1187.80But quickly recaptured the lost territory. United States12Although monthly retail sales are slightly lower than expected, the consumption situation in the fourth quarter is not pessimistic, and there are even signs that consumption may accelerate. In addition, the United States12monthPPIAnnual rate creation2014year9The largest since the beginning of the month1.6%This indicates that inflation is moving towards the Federal Reserve's target level. The strong data has strengthened expectations for the Federal Reserve to accelerate interest rate hikes this year, but the uncertainty surrounding Trump's new policy still makes the market cautious and continues to provide potential support for bulls. Today, due to the US holiday, the gold market is closed early, which may limit the volatility of gold prices. Unless the support is effectively broken, the gold price will1200The competition for checkpoints will still be relatively strong.
Technically speaking, the daily chart continues to be affected by5/10The daily moving average is supported by a golden cross, but within1200There is strong resistance above it, and the random indicators have not yet rebounded. Before breaking the level, they will be treated as high volatility.
Key resistance:1,204.50/1,211.90/1,220.30
Key Support:1,193.80/1,182.50/1,173.45
Today's suggestion:
The support below the hour chart is obvious, but1200The kinetic energy above slows down, 4The bullish pattern of the hourly chart remains intact, but it needs to break above the previous high point to open up further upward space. Within the day1193.80Going long above,1205Short with a backhand above.
silver
Silver basically follows the trend of gold, and strong economic data from the United States once suppressed the rapid rebound of silver prices16.58Subsequently, all the lost land was recovered, but16.90Frontline obstruction. Due to optimistic expectations in the market for the Federal Reserve to accelerate interest rate hikes, but Trump's failure to provide a specific plan for tax cuts and spending increases, the market is hesitant to be blindly optimistic, leading to a long short tug of war between gold and silver at key resistance levels before more news drives. Today's US holiday may have limited fluctuations.
Technically, the daily chart has been continuously hindered by17At the checkpoint, the random indicator bear deviates and falls from the overbought area, indicating a reversal risk. The following supports attention10The daily moving average, if it falls below, may continue the mid-term decline.
Key resistance:16.90 /17.00/17.20
Key Support:16.70 /16.55/16.40
Today's suggestion:
The hourly chart trend fluctuates,17The upward trend below the checkpoint has slowed down significantly, but it has not yet disrupted the bullish pattern,4The support below the hour chart is obvious, but16.90There are numerous obstacles above it, and failure to break them may increase the risk of reversal. Suggestions for the day16.70There are many frontlines,16.90Empty space above.
copper
Copper prices continued to rise after a slight correction in gains, as strong economic data from China and the United States sparked optimistic market expectations for copper demand. Data shows that China2016Annual copper imports reached a record breaking level49510000 tons, an increase from the previous year2.9%。12Monthly imports have risen nearly month on month30%. In addition, the United States12Monthly retail sales andPPIThe data all performed well, indicating that the US economy was stable in the fourth quarter.
Technically, copper prices have risen strongly and broken through levels, with random indicators overbought but far from a pullback, but approaching last year11In areas with dense monthly resistance, the short-term upward space may be limited.
Key resistance:2.7100/2.7300/2.7520
Key Support:2.6500 /2.6400/ 2.6300
Today's suggestion:
The hourly chart fluctuates higher, and there may be a demand for a correction in the short term.4The hourly chart has obvious bullish characteristics, but facing important resistance areas may limit the increase. Suggestions for the day2.6500Going long above,2.7100Short above.