Industrial Investment: Trump Avoids Talks to Promote Growth Plan Gold Bull Strike1200

Industrial Investment: Trump Avoids Talks to Promote Growth Plan goldMultiple head direct pounding1200
2017year1month12day
gold
The trend of overnight gold initially suppressing and then rising highlights the fear of the gold market towards Trump's plan to increase spending and reduce taxes. However, Trump did not mention any relevant details at the press conference, making the market still confused about Trump's new policy and giving gold bulls the opportunity to seize the opportunity. The gold price showed a trend of first suppressing and then rising throughout the day, with the lowest point in the trading day reaching a downward trend1180.85Then they attacked all the way, reaching the highest point1198.10, distance1200The integer level is just a stone's throw away. The uncertainty of Trump's policy may continue to support gold, but as1200As the checkpoint approaches, we should be wary of some long positions taking profits. Follow the speeches of multiple Federal Reserve officials within the day.
Technically speaking, the daily chart is5/10Driven by the daily moving average golden cross, it continues to rise and the overall rebound momentum remains intact, but the random indicator is overbought and constantly approaching1200Resistance, be cautious and go long.
Key resistance:1,198.20/1,204.50/1,211.90
Key Support:1,188.90/1,179.50/1,173.10
Today's suggestion:
The hourly chart maintains a volatile upward trend, overnightVThe reversal of the pattern highlights the bullish position above, and if it breaks through the overnight high, it is expected to point towards1200upper,4The hourly chart is steadily rising, with random indicators deviating, and the short-term upward space may be limited. Buy long on dips during the day,6-8USD interest settlement fast in and out, follow1198-1200The performance of the resistance zone determines further direction.
silver
Silver's overnight trend significantly lagged behind gold after making up for gains, and it continued to decline before Trump's press conference16.52Subsequently, the lost land on that day was recovered, but only the cross star shadow line was recorded. Trump did not disclose to the market how to increase infrastructure spending while reducing taxes, and the uncertainty surrounding the plan provides support for precious metals. However, although silver's rebound momentum remains intact, resistance from above has led to a halt in its upward movement. We will pay attention to whether the speeches of multiple Federal Reserve officials will increase market expectations for the Fed to accelerate interest rate hikes.
Technical aspect, daily chart5/10The daily moving average golden cross provides support and stands firm50Daily moving average, but16.90There is strong resistance on the front line, and the random indicators are already in the overbought area, so they are temporarily treated as slightly more volatile.
Key resistance:16.90 /17.00/17.20
Key Support:16.65 /16.50/16.40
Today's suggestion:
Hour chart on16.90There is strong pressure nearby, which may limit further upward movement,4The upward trend of the hourly chart remains intact, but the upward movement can slow down again. Suggestions for the day16.90-16.65Sell high and buy low, set a stop loss tightly, and follow up after confirming the breakout and retracement.
copper
Copper prices briefly hit a high point2.6298The price of copper was further suppressed by a subsequent decline in volatility, and Trump did not discuss the details of promoting growth in the evening2.5963Then oscillate above that level. Trump had previously promised to increase spending, triggering a wave of investment in industrial commodities. However, he avoided discussing related topics overnight, disappointing the market. However, expectations for policy dividends have not disappeared. In addition, absenteeism at the world's largest copper mine in Chile has rejected the salary terms offered by BHP, and there may be a strike, supply concerns may also provide support for copper prices.
Technically, copper prices have slightly revised their gains after a strong pull up, while random indicators continue to rise. After a short-term correction, they may rise again.
Key resistance:2.6300/2.6670/2.6840
Key Support:2.5875 /2.5750/ 2.5650
Today's suggestion:
The hourly chart corrected the previous increase, but encountered stubborn resistance from bulls.4Hour chart back stepping on previous uplink channel track support, not broken2.5875It is expected to further rise. Suggestions for the day2.5875Long above, stop loss2.5750First line, upper break2.6300Follow up, point to2.6670。