Li Wanxi:5month25EIASilver abandons bullish thinking, those who set orders must see!(Making Money Intensive Reading)

　　Li Wanxi:5month25EIASilver abandons bullish thinking, those who set orders must see!(Making Money Intensive Reading)
　　5Since the beginning of the month, due to the release of the minutes of last week's Federal Reserve meeting, expectations of interest rate hikes have risen, and the US dollar has strengthened,goldThe decline has exceeded4%It is possible that it has been recorded since last year11The largest monthly decline since the beginning of the month. This week, Federal Reserve executives will appear one after another, and interest rate hikes are expected to restart within a few months. Federal Reserve Chairman Yellen will attend a meeting at Harvard University on Friday and deliver a speech. If you have any doubts, please add credibilityjs6486
The report released by Redbook Research Institute on Tuesday shows that,5month21Annual sales growth rate of US chain stores in the current week0.4%,Growth in the previous week0.5%. More data shows that,5month21Monthly growth rate of commercial retail sales for Redbook in the United States during the current week2.1%The previous week was a week of growth2.3%。
Yesterday, the silver market experienced a sharp decline, with silver prices rebounding rapidly since the Asian session3410Afterwards, there was a slow decline along the way with almost no significant rebound, especially during the US market period3380Due to the pressure, the price of silver has reached a new low point3370Near.
Silver has been at its highest since early May3740I don't know if investors have observed the pattern of the slow decline all the way down. If the Asian market falls and the European market continues, then the US market, regardless of whether it is tempting or not, will mainly focus on high altitude. It is certain that the decline of the Asian and European markets has set the trend for the US market, and if it goes smoothly, it will gain, while if it goes against, it will lose.
From spot silver1On the hourly chart, as mentioned yesterday, the price may continue to decline, but from today's perspective, the decline may ease, and one can wait for a rebound before going short. Pay attention to the five-day moving average3390Pressure point, short at this position, looking down3340-3320On the front line, Silver abandons its bullish approach.
Note: The above article was written by analyst Li Wanxi(Weixinjs6486)Exclusive planning and release, please indicate the source for reprinting.Li Wanxi kindly reminds that investment carries risks and caution should be exercised when entering the market. The above only represents Li Wanxi's personal views and is not used as a basis for operation. Any risks associated with this operation shall be borne by oneself.