Li Wanxi:6month24Analysis of daily spot silver market and operational strategies(Morning intensive reading)

Li Wanxi:6month24Analysis of daily spot silver market and operational strategies(Morning intensive reading)

United StatesCOMEX 8monthgoldfuturesPrice Thursday(6month23day)Closing down10.70USD, decline0.84%Report1259.30dollar/In ounces, gold prices hit a two-week low, and the market is waiting for the results of the UK Brexit referendum. The UK will hold a referendum on whether to stay in the EU on Thursday, and the results of the referendum are expected to be announced early on Friday. If the stay in Europe camp wins the referendum, then gold and silver prices will continue to be under further pressure in the short term. However, due to the increasing risk of global economic recession, the weakness of gold prices may only be temporary. However, once the Brexit camp wins, the stock market will fall sharply, while safe haven commodities such as gold and silver may rise significantly. If you always earn less and lose more, or even suffer serious losses, being trapped, having no time to analyze the market, not being good at analyzing yourself, and getting tired of those nonsensical but irrelevant guidance and advice. So add Li Wanxi and Weixinjs6486I will be your best choice.

The spot silver price rebounded from the bottom yesterday, and the position of this bottom is the lower track position of the rectangular consolidation range formed at the daily level. In the process of the current unsuccessful rise of silver price, it gradually forms a head shoulder top shape and gradually consolidates the right shoulder. Silver prices need to undergo a longer period of horizontal consolidation within the current rectangular range. From a technical perspective, silver will continue to fluctuate within the range of3570-3650Looking at the Golden Ratio of Strong Pressure from the Four Hour Chart23.6%3650Supported by the golden ratio line below the front line32.6%3580Nearby frontlineRSI、KDJThe technical indicators are all for turning the head downwards. It is recommended to throw high and suck low during operation.

Suggestions for morning operation of spot silver:

　　1Below3570-3580Long, stop loss30Point, look at the target3630nearby;

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　　3Above3640Short nearby, stop loss30Point, look at the target3580Near.