Jin Xiyan:4.20The peak of global anti epidemic efforts has passed, is the golden adjustment trend still far away? What should we do for gold when it opens next Monday?

Jin Xiyan:4.20全球抗疫高峰已过，gold大调整趋势还远吗？下周一开盘黄金怎么做？




In the past week, spot gold rose first and then fell. Driven by economic concerns caused by COVID-19, it once rose strongly to7Half year high, approaching1750dollar/盎司关口。黄金在周三和周四相对平静。不过，好景不长，在美国总统特朗普宣布三阶段重启经济计划以及有关瑞德西韦疗效的消息传来之后，空头很快发起猛攻，黄金在周五(4month17day)Faced with strong bearish pressure, it eventually fell to1700Below the US dollar level, close at1684.19dollar/Ounces, down4.71USD or0.28%。展望接下来一周，新冠肺炎动态、各国政府的应对举措以及其对经济的影响无疑是市场焦点所在。数据方面，所有高频数据，如周四公布的美国初请失业金人数，仍将是所有宏观基本面中最重要的市场驱动因素。
　　



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 perspectiveGolden WeekKA cross star with a long upper shadow on the line has basically ended the continuous four week upward trend. dayKThe high position of the line appears to be continuously negativeKLine, andKDraw a solid bearish line,KDThe high dead cross of the indicator indicates a possibility of price decline. From a price perspective, gold prices have surged1747After reaching a high point, it falls back again1700Below, explain1700The pressure above is very strong. From a trend perspective, gold is1455The upward trend line that started this wave has already fallen below, so next week's price will draw back from the upward trend line and mainly participate in short positions when the price rises. Pressure level:1705,1725，1738Support position:1677,1658,1618





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Author: Jin Xiyan