Gold market analysis

2020-04-29

The price of gold returned as scheduled, but the low price also saw a rebound supported by buying. The price of gold stabilized above 1700 in the late market, and the market risk appetite rose, depressing the pace of gold price rise. In addition to Hong Kong's further easing of quarantine checkpoints, the European epidemic has also begun to ease. The market hopes to weather the worst and British Prime Minister Johnson returns to work. All these have given the market positive messages. European stock markets rebounded in an all-round way, investors' risk appetite rose, funds flowed out of the safe-haven market, the US dollar lost the 100 mark in the early period, and gold prices also softened, once losing the 1700 mark. However, the sharp drop in oil prices has once again become a worry in the market. Without government support, oil companies have not yet passed the critical period. As a result, the US dollar index and gold price are also supported by some safe-haven buying at low prices.   Technically, the gold price fell before rebounding yesterday, and the overall situation has not completely shaken off the recent trend of vomiting. However, after the shock eased back, there was also a better buying position, while the medium-term surge did not change its pattern. However, tonight's interest rate meeting of the Federal Reserve may become an excuse for the market to make a breakthrough. Although the interest rate of the Federal Reserve is close to zero, the interest rate will be as low as possible. The market also expects that the interest rate will not change tonight. However, investors will pay attention to this low-interest environment and whether the QE policy will be changed.  The epidemic situation in the United States is more serious than that in European countries. It is believed that the Federal Reserve still tends to release pigeons, which will stimulate gold prices late at night.   For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0      

2020-04-28

The Bank of Japan continued to rescue the market. After the meeting, it announced that it would further expand its monetary policy and purchase unlimited quantities of Japanese government bonds, which would benefit the atmosphere of the big market. Funds flowed out of the safe-haven market and gold prices fell for two consecutive days. The Bank of Japan announced that the benchmark interest rate would remain unchanged at minus 0.1%, but increased the amount to replace the current target of buying 80 trillion yen of bonds. The Bank also pointed out that if the new crown pneumonia epidemic spreads, Japan's economy will need more stimulus measures and consider providing further support for small businesses. In the Italian market, the US dollar index has dropped from a high level to the 100 level mark in the early period, and has hovered around this mark repeatedly since then.   Gold prices also fell simultaneously, with capital flowing out of the safe-haven market and oil prices plunging again yesterday, dragging down the performance of the overall commodity market.  Technically, the high price of gold has not broken through. Asian markets have the opportunity to further test the support of US$ 1702, even the psychological level of 1,700, which must be maintained before gold prices can stabilize again.  But if this level falls again, The downward channel will be extended and the target is expected to reach 1680 US dollars.   For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0    

2020-04-27

We all witnessed an economic event on April 21, 2020!  U.S. Crude Oil May Futures Price Plugged to minus 37 U.S. Dollars Closing, The emergence of negative oil prices has become a hot topic in the entire investment community and has also overturned the imagination of some people who have no concept of investment.   Negative oil price is an abnormal phenomenon with various causes.  Including the failure of crude oil producing countries to reach a cut-off agreement, resulting in overcapacity and the spread of new viruses across the world. Economic activity is approaching a standstill, resulting in a sharp drop in demand, and crude oil storage is nearly saturated, resulting in high delivery and storage costs. Forcing holders of long positions in May to close or change positions at lower prices before the deadline.  However, this does not mean that crude oil is worthless. The June oil price futures can still remain at about 17 US dollars. However, it is still unknown whether the black swan with negative oil price will reappear. Crude oil investors should be cautious and rational before the outbreak of the new pneumonia epidemic and manage risks well.   One stone hit a thousand waves, and the investment market was immediately controlled by panic. Stock markets and commodity prices all over the world followed the fall in oil prices on April 22.   Novel coronavirus is still one of the important factors that dominate the investment market. The global stock market rose on Friday (April 17) due to the availability of medicine. However, last Friday (April 24) the Hong Kong stock market again reported that doubts about the efficacy of drugs contributed to the drop in the market. The Hang Seng Index fell 145 on that day and 670 all week.   The United States is still plagued by new viruses, with more than one-third of confirmed cases worldwide reaching 920,000 cases and more than 52,000 deaths. The latest durable goods orders also fell 14.4% below the market expectation of 11.9%. The Dow Jones Index ended its three-week rally and fell 333% all week. The epidemic control measures have dealt a severe blow to the revenues of the state governments. Georgia has ignored the opinions of the president and his health experts and allowed a series of small businesses, including the personal service industry, to reopen. It is estimated that more states will join the resumption of the market in the future.  However, enterprises are short of funds, the resumption of work is slow, the unemployment rate is high, and the national economy needs a longer time to recover. Quantitative easing is still the most direct relief measure.  The latest news is that Japan is also preparing to join the battlefield of unlimited quantitative easing.   Gold prices fluctuated last week, mainly under the shadow of negative oil prices. Investors also became targets of selling under panic. On April 21, Hong Kong trading session dropped to 1660. However, gold was immediately recognized as the best refuge for investment, and began to rise in European and American trading hours, with another wave of gains reaching 1740 this week. On Friday, Hong Kong closed at 1,730. Although it fell to 1,710 in the U.S. opening session and then recovered to 1,730 left stones, members of the concerned group should have held about 1,670 stocks and closed their positions at about 1,740 to secure profits. Happy weekend!  And another gold search tour will be launched this week.   As far as the trend is concerned, as long as gold stays at 1710 level, it will challenge the high level of 1750 on April 15 first and then 1780. Although it will be achieved overnight, don't forget that the report by Daiichi Bank of America said that gold can rise to 3000 US dollars! Therefore, the medium and long term is still promising. At this stage, the strategy is to lock in profits by selling low and selling high, and to seek opportunities to enter the market and accumulate wealth through every adjustment.   For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0    

2020-04-24

Investors are worried about the global economic recession. The international gold price has risen for two consecutive days. The gold price has reached a two-week high. If calculated by the closing price, it will reach a seven-year high and buying will continue to emerge. The next wave will be developed.  After a sudden drop at the beginning of the week, the spot oil and oil finally started a stronger rebound. The spot oil doubled to a high of US$ 19. The market recovered from the panic over oil prices.  However, since the outbreak began, U.S. stocks and prime oil have gone through a series of positions washing. The market demand for safe haven is very hot. It supported the recent rise in the US dollar and gold. After a successful bottom-up in the middle of the week, the gold price surged to US$ 1739 again yesterday. It was held back by last week's double-top resistance, but the rise was not reversed.   The World Bank also issued a report saying that gold prices are expected to rise 15% in 2020, which means there is a good chance of hitting the US$ 2,000 mark again.  The World Bank said that in the long run, The epidemic may have a lasting impact on the demand and supply of commodities, affecting commodity exporters and importers.  Falling demand will lead to a 13% drop in metal prices. However, gold is expected to benefit from hedging and hedging needs and become a target for hot money inflows, up 15% this year.  Technically, although gold price was subject to double-top resistance before 1740 yesterday, However, the low rebound is strong and the upward trajectory is healthy. If you vomit back to US$ 1715.50, you can absorb it again. As long as you can stabilize the two-day upward trend before the close of the market tonight, The consolidation is expected to be completed and will see a more drastic increase next week.   For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0    

2020-04-23

Recently, affected by the sharp drop in oil prices, the market was worried about the financial difficulties of oil companies, and the atmosphere in the big market turned pale. Although US stocks rebounded last night and ended two consecutive falls, However, the demand for safe haven is still keen, with the US dollar and gold firmly supported.  The gold price has made a successful bottom, reaching above 1700 US dollars, and the future market will continue to rise.   The epidemic situation in Europe and the United States seems to have eased recently. Three American states have also announced measures to prevent epidemic and restart the economy. U.S. stocks can rebound. However, the outlook is not necessarily optimistic.  The Spartan Securities Chief Economist even threatened that the US recession and recession were more severe than expected. Now it may be just the beginning of a series of crises. Consumers have lost their willingness to spend in the past, so the rebound in U.S. stocks may peak in the short term.  U.S. dollars and gold have become safe havens for funds. Although the Federal Reserve and the Global Central Bank can keep printing silver paper to support the market, However, gold cannot be "printed". Gold prices will benefit from this unlimited QE.   Technically, the gold price has broken through the consolidation accumulation area and re-passed the 1700 mark. Later on, the market will further test the 1740 mark high last week. The strategy is still carried out in a three-step and one-step way. After breaking through 1750 psychological barrier, it is expected to hit 1800 level in the short term.   For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0    

2020-04-22

  After Monday's sharp drop in oil prices, the June oil and spot oil also tumbled after yesterday's shift. Spot oil lost US$ 10 once again, triggering market panic. U.S. Dollar Becomes a Refuge of Funds, Supporting U.S. Foreign Exchange Weighted Index Staying Above 100.  Gold prices moved repeatedly yesterday, dragged down by oil price panic. Gold prices also eased back to the psychological level of 1660 for a while. If they were expected to do so earlier, they would have eased back to a lower level of 1660 with substantial support and a sharp rebound. It can be seen that this level is worth absorbing in the medium and long term, but the rebound is restricted by the 1700 mark.  Due to the rising risk factors, the market chose US dollar as a safe haven currency. The rise of gold price is limited, and the short-term US dollar will remain stable. Therefore, it is difficult for gold price to rise sharply in real time.  But the Bank of America issued a report, Raising the gold price target from US$ 2,000 to US$ 3,000 per ounce shows that the market is still happy with the upturn in the future.  Gold price is the market will be consolidated first, investors can bargain for it.   For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0    

2020-04-21

The market's focus must be on the sharp drop in oil prices, which for the first time ever ended negative, at as low as $40 a barrel, shocking the market. Under the outbreak of COVID 19, the industrial contraction also brought an unprecedented impact on energy enterprises. The demand dropped, but the excess capacity led to the "bursting" of crude oil inventories. Petition "upside down" for the removal of crude oil, negative value that is to subsidize the cost of freight and so on for sale. Another reason for the plunge is that monthly oil contracts need to be rolled over. After they expire, oil contracts need to be settled at the closing price. June oil should be hovering around $20, but may oil has fallen sharply on the back of mandatory rollover, while spot and June oil have not kept pace. At one point, U.S. stocks fell on worries, and money supported gold's return to $1,702, but the upside failed to stabilize. If there is an opportunity to go back to the low, can consider the following bargain hunting. For detailed analysis and Suggestions, please CLICK the link below to enter the group and contact the administrator https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0

2020-04-20

After a long holiday in Hong Kong, the number of new cases in novel coronavirus has remained at the unit level every day. Readers are encouraged to continue to persevere for a while and take preventive measures to protect the health of themselves and those around them. Only in this way can it be meaningful to make money. Hong Kong's stock market has performed poorly in the past week. The Hang Seng Index barely rose or fell in the first three trading days. On Friday, China's National Bureau of Statistics announced its GDP for the first quarter, which was 20.65 trillion yuan. The quarterly decline was 9.8% and the annual negative growth was 6.8%, which was not only 6% lower than the market expectation, but also the first negative growth since 1992. However, the expected adverse news was eased by the introduction of funds such as interest rate cut and rate cut. The Hang Seng Index rose to 24,620 and closed at 24,380 litres by 1.5% thanks to Ridgeway's ability to treat new pneumonia.   For the same reason, the U.S. stock market also rose sharply in the past Friday, with the Dow Jones index up 700 or 3%.  This offset the decline caused by the following two bad data. The United States announced last Thursday that the number of first-time applications for unemployment benefits increased by another 5.25 million last week (up to April 11).  The United States was hit by the closure of economic activities due to the impact of the novel coronavirus epidemic and epidemic prevention measures. In the past four weeks, a total of 22 million people have applied for unemployment benefits for the first time.  The unemployment rate in the United States is currently at least about 17%. Another piece of bad news is that US retail sales plunged 8.7% in March, the largest monthly decline in history.  However, I'm afraid this record will be broken soon, because Trump officially declared a state of emergency in the United States in mid-March. And launched a number of epidemic prevention measures to deal with novel coronavirus.  The American consumer pattern is the main driving force of the American economy, contributing two-thirds to economic production.  Retail sales have plummeted and GDP is expected to be hit hard in the first quarter.   Trump is eager to save the economy to improve his chances of winning the presidential election, even though he knows that the introduction of unlimited quantitative easing will lead to inflation. However, this is the most effective method in the short term, knowing that drinking poison to quench thirst is a must.  And commodity prices will eventually rise because of the flood of capital. First, oil price.  The trend of oil price is totally different from the performance of the U.S. stock market on Friday. The decline of oil price turned sharp on that day, reaching as low as 17.47 U.S. dollars. The closing price rose to 18.44 U.S. dollars and still fell 6.8%. Oil prices are bound to fluctuate before oil-producing countries reach an agreement to cut production. However, oil commodities can already be put on the watch list or bought speculatively close to US$ 18, which is expected to return to 20 yuan's psychological barrier. The good news for oil prices is that U.S. media reported that several state governments are about to announce timetables for easing epidemic prevention measures, hoping to restart the economy in May.  It can be seen that doing a good job in the economy is the top priority of the U.S. government. Whether it can be restarted in May is unknown, but it is an inevitable strategy to relax the restrictions in due course and step by step, and the limited resumption of work by the US Boeing Company this week is evidence.   As expected last week, the price of gold rose above 1700 after breaking through 1683, and reached 1750 on April 15. Unfortunately, the rally was too rapid and many people made profits. On Thursday, the price of gold reached double-top and fell through the bottom line 1716 of this month's upward channel before returning to 1685. Rise fast and fall fast.  However, it is also a matter of time before the price of gold drops to its current level, and it is also a matter of time before it returns to 1700 or higher. When the price of gold softens to below 1670, it can begin to absorb while the price is low. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0

2020-04-17

Recently, the global economy has been affected, but the residential concept industry has benefited. Last night, U.S. stocks also benefited from the support of Amazon and NETFLIX. So that that stock market can gain momentum to stabilize.  The number of people applying for unemployment assistance for the first time in the United States was reported to be 5.425 million. Although it was lower than expected, many people were still unemployed. At one point, the atmosphere around the big market was so strong that gold prices quickly softened after rising to an intraday high of 1738.  U.S. stocks' mid-section strength supported the performance of the asset market. The epidemic has isolated communities, and online business has become popular, propping up the market performance. Gold prices have thus returned to their weekly gains. Technically, the high price of gold 1740 has created a double-top pressure. There is a chance to test the low price further and try the 1700 psychological barrier again. More kinetic energy needs to be accumulated below before it can break upward again, and short-term peak pressure needs to be carefully observed. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0

2020-04-16

The poor economic figures released by the United States cite the recession that has supported the rise of gold. However, some people are happy and others are worried. Oil prices are affected by the epidemic. Demand has fallen sharply, oil stocks have exploded and oil prices have fallen to a nearly 20-year low.  Gold prices were adjusted in the early Asian market period, but they soon regained their upward trend. U.S. retail sales plunged 8.7%, worse than expected. new york's manufacturing index fell further to -78.2, a record low. The U.S. economy is shrinking across the board. Late at night, the Federal Reserve's Brown Book pointed out that economic activity in all regions of the United States has dropped sharply due to the new crown pneumonia. The employment population has declined, among which retail, tourism and leisure, as well as hotel industry have been hit hardest, and layoffs have also begun to occur. Federal Reserve in all parts of the world said that commercial contracts faced extremely high uncertainty. Gold prices are gradually stabilizing, but oil prices are declining due to a sharp drop in demand. Global oil demand will plummet 9% this year, the biggest drop on record. OPEC+ production cuts cannot make up for the drop in demand. The IEA is even more alarmed by the excess supply of crude oil, saying that oil reserves will probably explode in the next few weeks. During the new york period, oil prices even lost US$ 20, a nearly 20-year low. Tonight, the United States will announce the number of first-time jobless claims in a week and the Philadelphia Federal Reserve's manufacturing index. It is expected that the epidemic will continue to affect the market and demand for safe haven will remain strong. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0

2020-04-15

Gold prices hit another seven-year high. The worst of the epidemic is expected to have passed and the Dow Jones Industrial Average has begun to rebound. However, the economy is still afraid of falling, stimulating the market's demand for gold as a safe haven. Gold prices beat the big markets, hitting a new seven-year high. tonight, many heavy data are coming back to observe the impact of the epidemic on the economy. The United States will announce the monthly retail sales rate for March, which was -0.5% before the data and -8% expected.  "Terror Data" Dramatically Declines, The risk of recession in the US economy is bound to increase, and the US dollar, gold and other markets are likely to see a big market.  If the data released at that time are worse than the already pessimistic market expectations, Gold may be boosted.  The epidemic will continue to worsen U.S. economic data, and increased debt pressure will also trigger more gold hedging purchases. Therefore, the gold price is expected to continue its upward trend in the second quarter, with a high point breaking 1800 USD/oz.  As the liquidity crisis slows down, the US dollar may return to normal. That is, following the decline of important U.S. economic data and weakening.  As a result, the probability of gold going up is higher. How difficult is the US retail industry now?  We can see one thing or two from the following series of data: On the one hand, the Financial Times quoted the analysis of US research institution Coresight as saying that as many as 630,000 retail stores in the United States were forced to close down under the influence of the national blockade policy. Data from the American Retailers Association (NRF) show that US retail sales will drop by US$ 430 billion in the next three months. On the other hand, so far, major retailers such as US Department Store, GAP, karl korsch Department Store and L Brands have announced large-scale layoffs or layoff plans. Among them, 775 stores owned by Meisi Department Store have all been closed before the end of March.  The epidemic has hit the US retail industry more than any previous crisis. Only by changing the business model and other structural reforms can enterprises have the opportunity to overcome the current difficulties. In addition, the Federal Reserve will also release a brown book report late at night, which can be described as an indicator of the Fed's future actions. Attention should be paid to whether its short-term bond issuance scale will expand, thus triggering asset market prices. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0

2020-04-14

Gold prices hit a 7-year high on schedule and stabilized after breaking the 1700 mark. The next target will challenge the 2012 high of 1768.  A global recession is inevitable. In addition, fearing that the performance of American enterprises will be reflected one by one, the demand for safe haven has stimulated the market's desire for gold to enter the market. Countries have cut interest rates one after another, keeping interest rates low and QE unlimited. It also reduces the cost of gold holders.  Following the resumption of trading on Easter weekend, new york gold futures surged to 1,761 US dollars on Monday, a new closing high since October 11, 2012. Spot gold rose more than US$ 40. After stabilizing in the early period, it broke through sharply at night and rose to US$ 1723 for respite.  The $2.3 trillion rescue plan launched by the United States last Thursday, I believe it will still stimulate the demand for safe haven in the market, and gold prices are expected to continue to stabilize and challenge the high level step by step.  Another focus of the market is Russia's agreement with the oil group to cut production. It is expected to reduce production by 20 million barrels, which will also support oil prices in the short term. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0

2020-04-13

The U.S. stock market gave investors a good Friday instead of a good Friday before Thursday's long holiday because the U.S. stock market has performed well in the past week, with the S&P 500 index up 12 percent. The increase in many industries is also bright. However, in novel coronavirus's system of hitting new highs, corporate profits will inevitably be affected. This only reflects investors' over-selling due to panic, rather than the economy returning to normal. On the other hand, U.S. Democratic Party Sanders announced on April 8 that he would withdraw from the party's presidential nomination war, the withdrawal of the candidate who is more challenging to Trump's presidency. This reflects that trump's unlimited quantitative easing policy is unshakable. the problem of capital fracture caused by the suspension of enterprises will definitely be solved by the federal reserve, which is also the main reason why the Dow Jones index rose 607 on that day.   Also good for the investment market was the announcement last week by the Federal Reserve of the minutes of the emergency interest rate meeting held on the 15th of last month, showing that policy members expected interest rates to remain close to zero in the foreseeable future. This shows that the US dollar is still one of the best capital havens. After a sharp rebound from the March low, the valuation has returned to the average level, with the current price-earnings ratio of the index rising to about 18 times, coupled with downward pressure on corporate profits. At present, U.S. stocks are not cheap and should not expect too much. The oil price is convenient. Although the market expects the major oil producing countries to reduce their production, although there is a consensus among the oil producing countries on the issue, it is difficult to reach an agreement on the reduction of production in the interests of many countries. The final agreement is to reduce the production of crude oil by 10 million barrels per day starting from May. The rate of production reduction was lower than the market expectation. Coupled with the fact that global economic activity has almost stopped due to the ravages of the new pneumonia, the demand for oil has been further reduced. Oil prices during the new york period fell by 2.33 US dollars or 9.3%. It is estimated that oil prices may approach the low level this year, providing opportunities for market entry.   In addition to the United States, according to Reuters, major EU member states have also launched a variety of anti-epidemic programs, including 240 billion Euros of loans and 100 billion Euros of employment guarantee funds from the ESM to EU member states. Under the circumstances that many central banks have implemented helicopter money allocation to save the nation, gold price, as expected last week, has been pumped up to 1683 new resistance level after successfully challenging 1645. However, the upward trend is too rapid and may have to wait for the market high level to digest and consolidate. Driven by the policy of non-stop banknote printing, gold price will challenge the high of 1703 at the beginning of the year. The major event worth noting this week is that on April 17, China will announce its GDP for the first quarter, which is relative to the US total retail sales in March (April 15), the number of new housing construction and the number of new first-time jobless claims (April 16), which have definitely fallen. It turns out that China is the first country to emerge from the epidemic. The scale of the economic attack brought by the virus will be announced first in the world and will have more market reference value.

2020-04-09

The epidemic situation continued to ferment, assets flowed into the safe-haven market, the US dollar index hit the 100 mark again, and the gold price also remained stable.  A large number of overseas workers were shut down due to the epidemic. The failure to return home has broken the wage remittance chain, leading to the devaluation of a large number of local currencies, supporting the rise of the US dollar and the functioning of the safe haven market. Gold prices are not limited by the rise of the US dollar and continue to stabilize. After rising above 1660, gold prices will remain strong. It is expected that the gold market will maintain a high yield and hit 1675 resistance before the long weekend holiday. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0

2020-04-08

Market sentiment is still not fully recovered. U.S. stocks fell after a sharp rise of 1,000 points last night. The U.S. dollar index also fell slightly. Gold prices failed to stabilize after hitting 1680. The market remained cautious until it reached the 1700 mark. Although the overall strength remained strong, the intermediate volatility was also very large. It is expected that the gold price will return to its earlier sharp rise before it can break through again. However, the central banks will announce the record of the recent emergency interest rate cut one after another, which will be announced in the early hours of this evening. Since the last regular meeting was cancelled after the emergency interest rate cut, attention should be paid to the water release rate. Phase information has been digested by the market and is expected to maintain zero interest rate for a long time. However, details such as the strength and depth of QE without an upper limit are also worthy of attention. If we see that the Federal Reserve is inclined to release doves further, it will inject momentum into gold prices. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0

2020-04-07

The market hopes that the worst of the epidemic has passed and the market has resumed its momentum. Stock markets around the world have generally risen. However, gold prices have not stopped rising. Gold futures in new york have hit another seven-year high, with spot gold once reaching the level of US$ 1680. Although the optimism has somewhat subsided the risk aversion in the market, with the outbreak of the disease in the past and the support of low-interest environment in various countries, the gold price has successfully broken through and the technical side is also optimistic. The future market continues to advance to a higher level. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0

2020-04-03

U.S. President Trump hopes Russia and Saudi Arabia will cut production by 10 million barrels of crude oil, stimulating oil prices to soar by more than 30 percent, becoming the focus of the market and masking the unfavorable performance of the U.S. labor market. Gold prices have risen above 1600, but new non-agricultural jobs and unemployment in the United States are the focus of the week tonight, and the labor market is bound to deteriorate, which is likely to cause market volatility again. Last night, the United States announced that the number of people applying for unemployment assistance for the first time in the week ending March 28 was 6.668 million, far higher than the expected 3.5 million. The previous value was revised from 3.283 million to 3.307 million. The number of people broke the record again, which may mean that the recession that the market is most worried about has already come.  If the epidemic situation is not effectively controlled, there will be more warning signals in the US job market. This will not be conducive to the atmosphere of the big market. The US labor market is beginning to reflect the impact of the epidemic. The US dollar will continue to play its role as a financial haven.   Tonight, the United States will release the March non-farm employment report. At present, the market generally expects that the number of non-farm employment will decrease by 100,000, which will be the first non-farm employment report with negative increase in nearly 10 years. However, the data may still be affected by the lag effect or may not reflect the decline in jobs, as the survey was conducted before the massive blockade.  Other analysts pointed out that, Even if the first negative non-agricultural employment report in nearly 10 years does appear, the market may not experience the expected earthquake.  The suspension of US economic activity has been reflected in a number of figures. (As before, the number of jobless claims and the monthly rate of industrial output, etc.), the timeliness and effectiveness of non-agricultural services are not as good as before, and the market has already digested the relevant expectations. In addition, the current policy of the Federal Reserve is not determined by employment and inflation data. Resisting the economic impact of the epidemic is the top priority of the Federal Reserve. The impact of non-agricultural data on the future policy direction of the Federal Reserve is not the same. If only a decrease of about 100,000 is recorded as expected, there may not be much shock to the market.   However, if there is a sharp cut in non-agriculture, which is much lower than expected, I am afraid it will greatly scare the market.  I believe gold may continue to play an important role in investor allocation in the next few months. However, volatility will remain quite high.  The prolonged economic weakness and signs of increasingly aggressive stimulus measures by governments and central banks should provide some support for gold. The holding of SPDR Gold Trust, the world's largest gold-backed listed trading fund, rose 0.18% to 968.75 tons, the highest level since October 2016, reflecting market sentiment. According to data compiled by Bloomberg, investors increased their holdings of gold ETF for eight consecutive trading days as of Wednesday, the longest since February, when ETF gold holdings increased by 5 tons to 2,821 tons. Gold was sold off because investors needed liquidity after the stock market plummeted. Without further decline in the stock market, gold also rebounded.  But once the stock market drops again, gold may be dragged down again. Gold is an asset that can hedge against uncertainty, whether it is macroeconomic uncertainty, geopolitical uncertainty or uncertainty like this epidemic.  Gold is an excellent safe haven asset. In case of uncertainty, gold will perform better than other assets.

2020-04-02

Yesterday, under pressure from Britain, two major banking groups, Standard Chartered Bank and HSBC, stopped paying dividends. This was not conducive to the atmosphere of the big market, and the US labor market began to reflect the impact of the epidemic. The US dollar continued to play its role as a capital refuge. Non-US currencies generally fell back. Oil prices and gold prices also fell to new lows in the week.  U.S. Announces ADP Employment in March. The data recorded-27,000, the lowest level since January 2010, but better than the expected-150,000, with the previous value dropping from 183,000 to 179,000. It is worth noting that this information may not fully reflect the current employment situation in the United States under the impact of the epidemic.  ADP Employment Data said the data used in the March report ended on March 12. It does not reflect the overall impact of the epidemic on the overall employment situation, including the unemployment application announced on March 26, 2020.   In other words, the non-agricultural employment data to be released on Friday may encounter the same problem.  And considering the weakness of the job market has been talked about many times in this period of time, Some market expectations have been digested, and the market may not be able to meet the long-awaited big market on Friday. However, unlike the above two reports, the performance of the two job market data to be released tonight is likely to be much worse than ADP's employment data, and investors need to be psychologically prepared. Including the number of challenger enterprise layoffs in March and the number of first-time claims for unemployment assistance in a week, the market currently expects the figure to reach 3.5 million, up from 3.283 million last week.   Gold prices fluctuated up and down yesterday, starting consolidation in the new trading range as scheduled.  Technically, the negative line in the daily chart retreated to a lower level and fell below the 6,000 mark after finishing.  The trading range moves down, The 1600 barrier supports variable resistance and further withdrawal is needed.  After finishing for 4 hours, it fell through Buliga Road and passed through the lower rail. The lower rail opened its mouth downward, breaking the interval finishing, and the short line turned empty. In terms of hourly rate, gold fluctuated widely and fell back around 1595 when it surged at midnight in the U.S. market. Although the rebound space was slightly larger, the final closing price was still around 1590. In the medium and long term, due to the risk of recession in the recent economic situation, gold is naturally highly sought after as a safe-haven currency, and its long-term rise will remain unchanged, but the gold price in the market will fall back due to the rise of the US dollar. High prices can be short-term, and the end of the weekly chart rise must be accompanied by a greater level of adjustment. Gold is the market that has failed to stabilize above 1600 effectively. The upper short-term focus is on resistance near 1603. The following short-term focus is on 1573 support, which can be operated in this interval first.

2020-04-01

The Russian Central Bank suddenly announced yesterday that it would stop buying 1/4 of its domestic gold production. As a result of the news, the gold price eased back to a week-low level and reported its recent increase. In addition, US President Trump's plan to push back the pound infrastructure plan and invest in infrastructure also supported the trend of the US dollar.  The US dollar has continued to rebound this week. Although the tight liquidity in the market seems to have come to an end, However, there is still a need for hedging in market sentiment, which has stimulated investors' demand for US dollars. Gold itself has also been boosted by its hedging function. However, the Russian Central Bank said earlier that it will no longer buy domestically produced gold. As a result, the price of gold rose feebly and lost the US$ 1,600 mark in the evening. The price of gold was almost in place at a minimum of US$ 1,569.  Tonight, the United States will announce ADP private jobs commonly known as small non-agricultural jobs. We can pay attention to the performance of the labor market and observe the current economic situation in the United States. Gold prices have the opportunity to further decline and find support below before they can climb again.   Russia's central bank is currently the world's largest buyer of gold. The decision to stop buying gold has not been explained. It is only said that this is a decision made by the country after examining its financial situation.  In the past few years in Russia, He has been increasing his gold reserve as a human resource. By the end of February, his gold reserve had reached 2279.2 tons, ranking fifth in the world with a value of 114 billion US dollars. The reserve level was quite high. The central bank bought 158.1 tons of gold last year. It is estimated that the gold reserve accounts for a high proportion of the country's overall level. In addition, the rise in gold prices in the past two years has caused Russia to suspend its purchase plan.  Although the central bank has reduced its holdings, However, the market demand for gold is very high. Gold ETF recorded its largest capital inflow in nearly 10 years. Last week, some ETF funds recorded an inflow of nearly 3 billion US dollars, the largest inflow since 2009.   Technically, the gold price has lost its earlier consolidation range, and there will be a short-term weak spot. It is expected that the gold price will not rebound back to the 1600 mark.  Gold prices generally consolidated between 1595 and 1630 last week. At present, the trading range is lost, and the calculation adjustment range can reach 1,570 US dollars. Although gold price has hit this position for a time, the bottom may not stabilize immediately. Therefore, there is still a chance to hit this level again and then consolidate again. U.S. President Trump's introduction of another heavy-pound infrastructure rescue measure will also give a strong shot in the arm to market confidence, thus reducing the demand for safe haven in the market. Gold price, that is, the market trend, is not too optimistic. U.S. will announce ADP job growth tonight, which is expected to record negative growth. However, if the figure is too frightening, it may increase the market's demand for safe haven against U.S. dollars and weaken the trend of the gold market.

2020-03-31

After U.S. stocks rebounded from a low level last week, and the concerted efforts of various countries to rescue the market are gradually yielding results, the liquidity tension in the market has begun to ease, the risk aversion mood has cooled slightly, and the asset market has gained popularity. The rise of gold was limited, but the oil price closed at only US$ 20, the lowest level since 2002, which also attracted market attention.  The market is still digesting the US$ 2 trillion stimulus package. In the early days, the Federal Reserve implemented unprecedented easing measures such as interest rate reduction to zero and unlimited QE. When the monetary policy was not completed, the fiscal policy began to come into play. The Federal Reserve will not relent in dealing with the risks brought by the epidemic to the economy. U.S. stocks have rebounded sharply by nearly 20% from their low levels, with about 15% of the index and Nasdaq. More voices are beginning to appear in the market saying that the stock market may have bottomed out. With the restoration of market confidence, the price fluctuation will be reduced accordingly.   The US dollar rebounded slightly last night. After a round of selling last week, the US-foreign exchange weighted index fell back to below 100. However, as market confidence recovered, hedging sentiment and hot money flows began to readjust. U.S. stocks and U.S. dollars develop simultaneously.  Sterling failed to hit the 1.25 mark and vomited ahead. Euro also vomited to the 1.10 mark. Non-US currency vomited also suppressed the upward trend of gold price. Gold once tested the 1630 mark yesterday, but it failed to stabilize and fell back again. However, the decline was not deep, showing a more arrogant performance and finishing at a high level.  Technically, there is still no breakthrough in gold price. In the near future trading range, it can continue to operate, selling high and buying low.   Another focus of the market is the recent decline in oil prices. Oil prices in the new york period fell more than 100% at one point and closed at 20, the lowest closing price since February 2002.  Oil prices are experiencing two major perplexing factors. Talks between the Organization of Petroleum Exporting Countries and its allies broke down. Price war continued to put pressure on oil prices. What is more, the epidemic situation caused a global economic downturn, a sharp drop in industrial demand and the grounding of several flights. The demand for oil prices has also been greatly affected, with no hope of bottoming out in the short term.  In addition, there are also reports that crude oil stocks in the Dekuxin region for crude oil futures delivery have increased by more than 4 million barrels in the past week, causing the market to worry that stocks are running out. Also added to the pressure of the current price, short-term stability is also difficult.