Fei Yifei:6month22day[Late review]Are you ready for the upcoming Brexit referendum in the UK?

Message face:

This Thursday(6month23day)The British public will hold a referendum on whether to stay in Europe. The latest report from Societe Generale suggests that market uncertainty is heating up on the eve of the vote, which will demand safe assets from investors, leading togoldPrice returns. If the UK leaves the EU, it is expected that spot gold will rise10%And the volatility has significantly intensified. Citigroup analysts also believe that the Brexit referendum in the UK will temporarily interrupt the negative correlation between the US dollar and gold, while maintaining a state of operation in the same direction. Because Brexit may prevent the Federal Reserve from raising interest rates this year, and recent Fed meeting minutes and Chairman Yellen confirmed market speculation at a press conference that Brexit will have an impact on the Fed's interest rate hike decision. Therefore, delaying or even canceling interest rate hikes this year will help gold prices rise. Political and business figures, including British Prime Minister Cameron, Li Ka shing, and Soros, have urged people not to leave the EU. Soros has warned that if Britain decides to withdraw from the EU, it may trigger "Black Friday",foreign exchangeStocks and commodities will be severely affected, and the economy may fall into recession.

Federal Reserve Chairman Yellen cautiously mentioned the threat of Brexit during Tuesday's hearing. She believes that Brexit may have a "significant economic impact", but tries to avoid exaggerating the global impact of Brexit. She said that the Federal Reserve will closely monitor the impact of the UK referendum on the US economic outlook and respond with action if necessary, but it is expected that Brexit is unlikely to lead to a recession in the US economy. Last week at a press conference after the Federal Reserve meeting, Yellen stated that the Brexit situation in the UK was a factor considered by the Fed's decision at last week's meeting. Yellen emphasized that there is uncertainty in the UK referendum and said that if necessary, the Federal Reserve will take action in response. She predicts that financial markets may see "safe haven cash flows pushing up the exchange rate of the US dollar or other so-called safe haven currencies.".

Technical aspect:

Gold:

Spot gold on the daily chart continues to decline, with the lowest level in the European market being explored1261Stabilizing at a low level and rebounding in the short term, currently in a1265Front line organization, on the main imagebollThe opening diverges upwards, and the gold oscillates in the upper middle track area,MA5，10After the golden cross, I want to turn my head down from a high position,STODead cross down into oversold zone, daily gold prices tend to fluctuate, stay tuned1260First line support, above1280Resistance level;4The gold price in the hourly chart is atbollMinor rebound correction in the lower track, currently running onMA30Nearby, short moving averageMA5UnderpassMA10If the gold price can stand up1270Gate support, overnight rebound high point1275Then it becomes the next hurdle to block the rebound of gold,STOLow level golden cross up,4There is some room for a rebound in the hourly gold price, and the operation is mainly focused on maintaining a range.

Ninggui Asphalt:

Ninggui asphalt is affected by the early morningAPILido stimulation, morning opening with a high jump to4832Step back on the gap during the day4800First line checkpoint bulls are once again making efforts, currently in a4850Wandering on the front line, on the main imageBOLLDuring necking operation,MA5，10,30Dense inbollMid rail4700First line, follow from above4900-4930Upper rail resistance level, lower support4800，MACDDead cross downward, green energy gradually weakens, and asphalt oscillates strongly on the daily chart; Hourly onlinebollOpening diverges,MA5，10The golden fork goes up,MA30Overlapping on the middle rail4790frontline,MACDThe golden cross points upwards, and the red energy weakens slightly.

Single point trading for the gold portion:

　　1First exploration1272/1273Short selling, stop loss1276, Objective1265-1263

　　2, step back1260-1262Long, stop loss1257Look up1270

Single point positioning for Ninggui asphalt section:

　　1, step back4780Long nearby, stop loss40Point, target4860-4880

　　2, rebound4880-4900Short selling, stop loss40Point, target4800

Today's follow:

　　20:30Canada4Monthly retail sales rate

　　21:00U.S.A4monthFHFAMonthly rate of housing price index

　　22:00U.S.A5Annualized total monthly housing sales, Federal Reserve Chairman Yellen testified before the House Financial Services Committee

　　22:30From the United States to6month17Day and WeekEIAcrude oilstock

Disclaimer: The above content was written by Fei Yifei, a specially invited analyst of Hubei Qianguanfeng Trading Co., Ltd,The content of the article is for reference only. Investment carries risks,Investors operate with caution,At one's own risk