Industrial Investment: geopolitical situation assists Gold prices rebound in the Asian market in early trading1400

Industrial Investment: geopolitical situation assists Gold prices rebound in the Asian market in early trading1400
2019year6month24day
gold
Due to the high expectations of loose monetary policy by the Federal Reserve this year and the possibility of military strikes by the United States against Iran, the risk aversion sentiment has heated up. Last Friday morning in the Asian market, gold prices continued to be stimulated by a large amount of buying, coupled with technical breakthroughs, and gold prices rose strongly to1411Continuously breaking the five-year high. But the interest settlement market caused the gold price to quickly fall below its high level1380Near the front line. Due to the announcement made by the United States last FridayPMIData falls short of expectations, United States6Monthly manufacturing industryPMIInitial value recorded50.1, less than expected50.5And create2009The lowest level since the beginning of the year;6Monthly service industryPMIInitial value recorded50.7Similarly, it did not meet expectations51And create2016year2Low levels since the beginning of the month. The poor data once again strengthened the expectation of cooling down, and the gold price fluctuated and rose again at a low level of the year, finally recording a fifth consecutive day of increase and closing at1398.90Due to Trump's threat to Iran last weekend, additional "major sanctions" will be imposed this week, and he has not given up military strikes. In the morning session of today's Asian market, gold prices were tested again1411Frontline, currently maintained at1400Above the checkpoint. Today, there is a lack of data in the United States, and attention can be paid to the progress of the US Iran situation and trade disputes.
On a technical level, the daily chart recorded a bullish candlestick with a longer upper shadow last Friday, indicating strong upward pressure and a high possibility of short-term high-level decline or consolidation.
Key resistance:1411 / 1420 / 1430
Key Support:1400 / 1393 / 1380
Today's suggestion:
Hourly chart random indicators suggest the risk of a high level retreat;4The hourly chart continues the recent volatile upward trend, but the current upward trend has slowed down. Available within the day1411Short selling in nearby light positions, let's take a look first1400Look again1393Stop loss set at1416Above the line.
silver
After four consecutive trading days of significant gains, investors took profits on the silver price, causing it to rapidly fluctuate and decline from a three-month high after opening in the Asian market last Friday, reaching its lowest point15.14The unexpected United StatesPMIAfter the data was released, silver found support at a low point on the day and slightly fluctuated upwards, reducing some of its decline, but still recorded a significant drop and closed at15.30Revise the recent increase. Expected silver prices in the short term15.30Narrow width sorting in a single line. You can pay attention to changes in market sentiment and the performance of the US dollar within the day.
On a technical level, the daily chart fell from a three-month high last Friday and may consolidate at a high level in the short term.
Key resistance:15.55 / 15.75 / 15.85
Key Support:15.20 / 15.10 / 15.00
Today's suggestion:
1The recent long shadow lines on the hour chart indicate significant pressure above.4Hour chart rising and falling, above15.53Nearby materials are restricted by resistance. Available within the day15.55Short positions near the front line, let's take a look first15.20Look again15.10Stop loss set at15.75upper.
copper
Although the US dollar index continues to plummet, the performance of copper prices remains relatively calm. Against the backdrop of global trade frictions and geopolitical tensions, the cooling of market risk appetite sentiment has hindered further rebound in copper prices. Last Friday, copper was50A slight decline was recorded near the daily moving average due to obstruction, and the market closed at2.6989Short term tendency to fluctuate. Today, we are paying attention to changes in global stock markets and expectations of interest rate cuts by the Federal Reserve.
On a technical level, the daily chart continues to rebound but is hindered, with the chart above50The resistance of the daily moving average is suppressing the decline in copper prices.
Key resistance:2.7210 / 2.7380 / 2.7520
Key Support:2.6910 / 2.6890 / 2.6730
Today's suggestion:
Hour chart rises and falls, expected to test downwardsMA100frontline;4The long-term downward trend of the hourly chart remains good. Available within the day2.7150Short on the front line, take a look first2.6910Follow again2.6890Stop loss set at2.7270upper.