Short term volatility in gold prices, increased risk of natural inflation, and bullish calls for gold...

Monday（1month25Due to a slight drop in gold prices during the European trading period, the deadline for submission is1851.4Nearby. Last Friday（1month22Japanese gold prices closed down0.77%to1855.61dollar/Ounces, because the global COVID-19 is becoming more and more serious, and the United States has repeatedly reported good incentives, so that the market soldgoldAnd choose US dollars. Despite the weakening demand for safe haven gold, the market remains bullish on gold in the medium to long term.
　　ZHAOFXAccording to Caijing analysis, with the implementation of the economic stimulus plan, the risk of inflation will also increase, which will inject sustained momentum into the rise of gold prices.
At present, gold is in a tug of war between the sky and the sky, and the strength of the sky and the sky is equal. On the one hand, countries all over the world have increased their own economic stimulus while fighting against the COVID-19 epidemic, and the market is optimistic about the rapid recovery of the economy. However, with the implementation and deepening of economic stimulus measures, the accompanying increase in inflation risks has sparked market concerns, providing support for the rise in gold prices.
According toZHAOFXAccording to interviews and statistics on Caijing. com, last week, there were15A Wall Street analyst participated in the survey. Nine analysts in total(60%)Believing that gold prices will rise this week; At the same time, those who hold a pessimistic attitude and those who hold a neutral attitude receive three votes or20%Votes.
Synchronized online voting shows that there were a total of1581Participated in voting on the trend of gold prices, including1063people(67%)Indicates a bullish outlook on gold this week. have other275Respondents(17%)Indicates bearish,243Respondents(15%)Indicates neutrality.
UBS(UBS)Mark Heifeld, Chief Investment Officer, Global Wealth Management(MarkHaefele)In a recent report, it was stated that,"Fundamental factors are favorable for gold, especially the overly loose monetary policy on a global scale."In the medium to long term, this will lead to a significant increase in gold prices, as precious metals are closely related to global liquidity.
Return DayKAnalysis shows that the indicators in the attached figure show that bearish positions are increasing again,1month20New US President Announces Inauguration, Gold Gains1.72%Unfortunately, the upward trend was looted by short positions in the following trading days, and the gold price fell into a wide range of fluctuations in the short term. Moreover, both the resistance above and the support below are very strong, and the competition between long and short is exceptionally fierce. On the upward side, initial resistance concerns50%Fibo retreat position1861Further attention38.2%Retreat position1884and1900Da Guan. On the downside, preliminary support and attention61.8%Retreat position1838Further attention1month11Daily low1817and1800Da Guan.ZHAOFXCaijing suggests investors to wait and see for further market news to guide the direction of gold price trends.
Wen/ZHAOFXCaijing Network