Wang Chao: 6.20 spot gold trading point of view on Saturday.
Wang Chao: 6.20 spot gold trading point of view on Saturday.
Direction: bullish.
On Monday, under the influence of fears of a second outbreak, global assets turned green, global stock indexes fell, and the Dow tumbled 700 points at one point.
At one point, American oil fell more than 5%, and gold tumbled nearly $30 to as low as $1704.27 an ounce.
In the early hours of Tuesday morning, the Federal Reserve announced that it would start buying individual corporate bonds through corporate credit instruments in the secondary market, and US stocks changed from a decline to a rise in late trading after hearing the news.
Gold also rose.
Over the next few days, gold fell into consolidation, mainly operating in the range of 1712.75 to 1737.48 US dollars.
At one point on Friday night, it exceeded 1740 dollars.
Technical analysis: the third wave of the monthly line rises, the weekly price pullback 50-day moving average rebound and the rise is bullish; the general direction of the bullish market remains unchanged;
Short-term prices reach 1745 resistance, after trading above 1745 is expected to rise 1764;
Bullish 1800-1900 in the middle of the afternoon;
In the long run, if it breaks through 1920, the future is expected to rise to a high of US $2700-3700 in 5 to 10 years.
Short-term trading strategy: after the adjustment, see support rise, break 1745 to do more, see 1754-1764;
Medium-and long-term trading strategy: wait for a big breakthrough, and then enter the market.
The above strategies are for reference only, please strictly stop the loss, control the position, and operate rationally.
Prudent mode of operation: when the profit reaches 1: 1, halve the position and then set the capital loss (first put the bag for safety and then let the profit continue to run)
Direction: bullish.
On Monday, under the influence of fears of a second outbreak, global assets turned green, global stock indexes fell, and the Dow tumbled 700 points at one point.
At one point, American oil fell more than 5%, and gold tumbled nearly $30 to as low as $1704.27 an ounce.
In the early hours of Tuesday morning, the Federal Reserve announced that it would start buying individual corporate bonds through corporate credit instruments in the secondary market, and US stocks changed from a decline to a rise in late trading after hearing the news.
Gold also rose.
Over the next few days, gold fell into consolidation, mainly operating in the range of 1712.75 to 1737.48 US dollars.
At one point on Friday night, it exceeded 1740 dollars.
Technical analysis: the third wave of the monthly line rises, the weekly price pullback 50-day moving average rebound and the rise is bullish; the general direction of the bullish market remains unchanged;
Short-term prices reach 1745 resistance, after trading above 1745 is expected to rise 1764;
Bullish 1800-1900 in the middle of the afternoon;
In the long run, if it breaks through 1920, the future is expected to rise to a high of US $2700-3700 in 5 to 10 years.
Short-term trading strategy: after the adjustment, see support rise, break 1745 to do more, see 1754-1764;
Medium-and long-term trading strategy: wait for a big breakthrough, and then enter the market.
The above strategies are for reference only, please strictly stop the loss, control the position, and operate rationally.
Prudent mode of operation: when the profit reaches 1: 1, halve the position and then set the capital loss (first put the bag for safety and then let the profit continue to run)
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