Jin Xiyan:4.18Amid positive news from the pandemic, international gold prices fell in response70Will gold continue to rise next week, US dollars?

Jin Xiyan:4.18Positive news from the epidemic, internationalgoldFalling in response70Will gold continue to rise next week, US dollars?




Just when investors were worried about the global economic recession due to the COVID-19, the two good news from the United States gave the market a big shot in the arm near the end of the weekend. local time4month16On the evening of the same day, US President Trump announced guidelines for allowing the US economy to reopen. He said that the United States has passed the peak of the COVID-19, and healthy Americans can return to work if conditions permit. In addition, an industry publication this Thursday stated that the University of Chicago3The phase II clinical trial found that after the use of Gilead antiviral drug remdesivir, most patients' fever and respiratory symptoms improved rapidly, and they were discharged in less than a week. Greatly stimulating market sentiment, the three major US stock markets collectively closed higher. Precious metalscrude oilWaiting for a collective drop, spot gold rises from an earlier high point1720Significant decline, lowest drop1679.94The decline is close40The US dollar ultimately closed at1684.09dollar/ounce.





Next week's gold trend analysis:


As mentioned before, during the current pandemic, investors all want to get a share of the world's most liquid US dollar, which means cash flow. After the US dollar falls, there will undoubtedly be a large amount of buying intervention, leading to a strong rebound of the US dollar. In addition, when gold is at a high point, investors will be cautious and willing to take profits before observing, which has led to a sell-off of gold and a decline in gold prices. As for next week, Xi Yan's personal trend is still bullish on bears


From a technical perspective, the Golden Week level has passed through5The wave is rising, and the current trend is a wide range oscillation. I have emphasized many times before that although the rise in the market has disrupted our rhythm, looking back now, the surge only expands the range of oscillation and does not change the fact of adjustment! At the same time, the weekly chart closed at the top cross and returned to the oscillation range, indicating that the adjustment will continue. The target band for the adjustment below is1450Region! As mentioned earlier, the adjustment of the Golden Week level should at least be maintained3For more than a month, and currently only experiencing a decline and rebound in structure, there will eventually be a corresponding decline to complete the weekly level adjustment!


At the daily level, gold is currently adjusting and accelerating its downward trend. Although temporarily supported, it rose yesterday1700After being suppressed, it continued to fall, and then accelerated its downward trend. Short, continue to be short, and rebound next week can be directly short. For those who don't know the entry point, it depends1The suppression of the hourly Bollinger Bands, even if it breaks through the middle band, can still remain empty at the upper band position. See below1670The breakthrough situation on the front line, let's see if it breaks down directly40Gateway。





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