Industrial Investment: Trade Panic Continues to Spread Gold takes advantage of the opportunity to rise

Industrial Investment: Trade Panic Continues to Spread goldSeize the opportunity to climb higher
2019year5month8day
gold
After the global stock market crash on Monday, the US stock market expanded its decline on Tuesday. As the uncertainty of the trade situation increases, risk aversion drives the rise of the US dollar and gold. Since the opening of the Asian market, gold has steadily declined, and then gradually regained lost ground in early European trading, reaching its highest point during the session1285.94Lowest drop to1278.07The final report received1284.74, slightly increased compared to the previous day0.15%Overall, gold has not surged significantly, mainly due to investors' belief that a deal will eventually be reached between China and the United States. Therefore, even if Trump threatens to raise tariffs from this Friday, the market speculates that this breakout point is only temporary, so there is little interest in gold. According to a report from the World Gold Council on Tuesday, global goldETFPosition holding4Month decrease57Tons to2424Tons, and all inflows this year have been negative, with North America having the highest outflow, which is46Ton. Continue to monitor the trend of market risk sentiment within the day, and if the risk intensifies again due to trade-related factors, gold will return1300The checkpoint will be a highly probable event, otherwise it will continue to fluctuate below that checkpoint.
On a technical level, the daily chart once again recorded a long lower shadow candlestick, indicating strong support below. Only breakthroughs are possible1288Resistance, gold price is expected to be tested starting from1346.55The downward trend line of the high point(Currently located1293nearby)。
Key resistance:1290 / 1300 / 1310
Key Support:1280 / 1275 / 1270
Today's suggestion:
The hourly chart is currently attempting to rebound, but is facing resistance from above1288The suppression. Slow paced random indicators continue to be overbought, but it may take some time to struggle to break through;4The hourly chart is also suppressed, once1288Resistance has been broken, consider going long;If it falls into disrepair, consider short selling with light positions.
silver
The focus of the market on Tuesday continued to be on the trade situation between China and the United States. The market has a strong risk aversion sentiment, but silver has not benefited, and compared to gold, its trend is much worse. During the Asian period, silver prices have been consistently high14.90A narrow range oscillation occurred nearby, followed by an accelerated downward trend shortly after the opening in Europe, reaching its lowest point14.775Then it rebounded before the opening in the United States. As of the close, it has basically recovered all lost ground and recorded a cross star shape. Compared to the previous day, silver has fallen0.07%Report collection14.890Pay attention to the progress of trade negotiations and stock market performance within the day.
Technically, the daily chart continues to be under pressureMA20It is expected that silver prices will continue to rise within the day14.95Run below.
Key resistance:14.95 / 15.00 / 15.15
Key Support:14.70 / 14.50 / 14.25
Today's suggestion:
1The current rebound momentum of the hourly chart is limited, and the slow paced random indicator has reversed downward, so we need to attack upwards in the short term14.95and15The difficulty of the checkpoint is very high.4The probability of the hourly chart continuing to fluctuate is high, as both moving averages and slow moving random indicators have weak bullish signals. We still lean towards short selling during the day, but we can look for opportunities14.95Short selling nearby.
copper
Compared to gold and silver, copper's performance on Tuesday remained impressive. Since the opening of the Asian market, copper prices have been consistently high2.8395Above consolidation, with the arrival of the European market, copper prices began to decline and fell to a low point at one point2.7735However, as the US stock market expanded its decline, copper prices, although briefly declining, quickly rebounded and eventually closed at2.7845, down from the previous trading day1.52%Today, we will continue to monitor the market's attention to the progress of Sino US trade and changes in risk sentiment.
On a technical level, a large bearish candle on the daily chart basically gave up Monday's gains. moving averageMA14andMA20The bearish trend is evident, indicating that it will continue to maintain a downward trend in the short to medium term.
Key resistance:2.8400 / 2.8500 / 2.8730
Key Support:2.7735 / 2.7690 / 2.7500
Today's suggestion:
The narrowing of the Bollinger Bands channel on the hourly chart and the entanglement of moving averages suggest that copper prices still need to find direction in the short term, leaning towards volatility;4The hourly random indicator is upward, indicating short-term upward momentum;4The hour chart is currently under pressure2.8065Nearby, the Bollinger Bands remain flat, but the slow paced stochastic indicator is bullish. If we can break through within the day2.8400Consider going long, with a goal in mind2.8500And then2.8730。