Industrial Investment: Risk aversion continues to rise Gold strengthens again

Industrial Investment: Risk aversion continues to rise goldStrengthen again
2019year5month10day
gold
On Thursday, the market remained concerned about the trade situation between China and the United States;The geopolitical situation in Northeast Asia has experienced minor setbacks once again;Prior to the EU summit, the UK and Italy were already at odds with the EU, causing a strong sense of panic in the market. In addition, the global stock market's further decline has also increased tension. In terms of the US dollar index, the overnight release by the United StatesPPIPoor data,4monthPPIAnd the corePPIAnnual growth rate increases separately2.2%and2.4%Both did not grow as expected2.3%and2.5%This indicates that although the US economy is strong, price pressures remain moderate, suppressing the US index. Moreover, investors closing out long positions in the US dollar is not conducive to the US dollar. Gold regained its upward momentum supported by safe haven buying and reached its highest point1288.01In the end, it recorded a moderate increase amidst the volatility and closed at1283.63Maintaining a downward channel, but temporarily under pressure below the upper track, the short-term trend tends to be volatile. Focus on the United States during the dayCPIAnd a new round of trade negotiations between China and the United States.
On a technical level, the long upper shadow recorded overnight on the daily chart suggests significant upward pressure and remains in the downward channel. The current upward space may be limited by the resistance line of the upper track.
Key resistance:1290 / 1300 / 1310
Key Support:1275 / 1270 / 1260
Today's suggestion:
The hourly chart rises and falls, temporarily under pressure1290frontline;4The hourly chart shows a short-term surgeMA200The rapid decline in the vicinity suggests that the rebound momentum is still weak. Available within the day1287Short the first line of light positions, let's take a look first1275Look again1270Stop loss set at1293Above the line.
silver
The rise in market risk aversion has also strengthened the safe haven buying of silver, but silver still has industrial properties, and the unstable trade situation between China and the United States has caused market concerns about demand. Therefore, silver's performance was weak, and it almost fluctuated and weakened throughout the night, hitting its lowest point14.67Breaking a one week low, with a slight rebound at the end of the trading session, but still recording a heavy drop, marking the third consecutive day of decline and closing at14.74Continuing the medium to long-term downward trend. Today's focus is on the progress of the China US trade negotiations and whether US inflation remains moderate.
On a technical level, daily charts are available20The decline further expands below the daily moving average, and it is expected that there will still be significant downward pressure.
Key resistance:15.00 / 15.15 / 15.30
Key Support:14.50 / 14.25 / 14.00
Today's suggestion:
1The hourly chart further accelerates the downward oscillation, and random indicators suggest that there may be a risk of decline.4The current rebound space of the hourly chart may be limited by the upward trajectory of the downward channel. Available within the day14.90Short selling with light positions at the checkpoint, let's take a look first14.70Look again14.50Stop loss set at15Above the pass.
copper
Due to the suppression of risk appetite sentiment, copper continued to fluctuate downward during the Asia Europe session, reaching its lowest point2.7303Set a low for over three months. However, moderate inflation suppressed the US dollar index, driving copper to quickly rise from the low of the day and achieveVType rebound, recorded a small candlestick with a longer lower shadow on the day, closed at2.7707In the short term, it is positioned at a high level, followed by a pullback and consolidation at a low level. Today's focus is on the international situation and the impact of US data on the US dollar.
Technically, the daily chart was recorded overnightKThe offline shadow line is relatively long, indicating strong support below, and may be located in the short term2.78A linear oscillation.
Key resistance:2.7900 / 2.8000 / 2.8225
Key Support:2.7530 / 2.7400 / 2.7225
Today's suggestion:
The previous downward trend of the hourly chart remains intact, and the random indicator has fallen from the overbought area, which may pose a risk of decline;4Although the hourly chart stabilizes at a low level, the rebound momentum is relatively small. Available within the day2.7900Short the first line of light positions, let's take a look first2.7530Follow again2.7400Stop loss set at2.8080upper.