Zhang Yaoxi: The U.S. CPI and interest rate resolutions are coming, and the gold - Daman
Wednesday, 14 June 2023
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City:
Daman, Daman & Diu
Offer type:
For Free
Price:
Rs 35,801
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Although it has not refreshed the low point in May and the mid-rail support, it will be a matter of time before the signal is expected to fall below. Even if the bulls pick up again, they will at most rush higher again Falling back, adopting a peaking pattern similar to the vertical long upper shadow line in April or May, this still does not rule out a wave of mid-term corrections.
We only need to continue to wait for the support of the May moving average, and further touch the October moving average or the 60-month moving average, and then go up and start a new bull market
Although it is still maintaining the upward trend that started when it bottomed out in October last year, and it is not ruled out that this trend will continue to rise and refresh the historical highs, but the short-term moving average of the main chart is still dead fork downward, and the indicators in the attached picture also maintain a bearish signal. The bearish expectation of support breaking still exists;
then, at the top, focus on the position of the Fibonacci extension line at 100 and the value of $2,000. If it stays above this, it is optimistic that it will continue to strengthen and refresh the high point. At the bottom, focus on the support of the middle rail line , If it falls below, there will be a risk of falling again, and it is expected to fall to the support position near the extension line FE61.8 near $1852. It is expected that the correction will be completed and a new bull market will start to strengthen again. yunshfx
Daily level: The price of gold is still under pressure for the time being under the pressure of the middle rail line. There are short-term and medium-term trend line pressures such as 60 days and 30 days above the main chart. Therefore, the market outlook is still expected to fall below the 100-day moving average support and fall further Risk near 200-day moving average support. In terms of operation, before breaking this range, it is enough to go long and short based on the resistance and support of each moving average and point.Yun Shang Hui Xin
Preliminary point reference for the day:
International gold: focus on resistance near $1962 and $1967 at the top; support at $1948 and $1942 at the bottom; spot
silver: focus on resistance at $24.25 and $24.35 at the top; Pay attention to the support of US$23.95 and the support of US$23.80;
Note:
Gold TD=(international gold price x exchange rate)/31.1035
International gold fluctuates by US$1, and gold TD fluctuates by about 0.22 yuan (in theory).
U.S. futures gold price = London spot price x (1 + gold swap rate x futures expiration days/365)
Bold prediction and prudent trading. The above viewpoints and analysis only represent the author’s personal thinking, and are for reference only, not as a basis for trading. your money your decision.
A must-have book for gold investors: “Play and Earn Gold Investment Trading” Yun Shang Hui Xin Limited
We only need to continue to wait for the support of the May moving average, and further touch the October moving average or the 60-month moving average, and then go up and start a new bull market
Although it is still maintaining the upward trend that started when it bottomed out in October last year, and it is not ruled out that this trend will continue to rise and refresh the historical highs, but the short-term moving average of the main chart is still dead fork downward, and the indicators in the attached picture also maintain a bearish signal. The bearish expectation of support breaking still exists;
then, at the top, focus on the position of the Fibonacci extension line at 100 and the value of $2,000. If it stays above this, it is optimistic that it will continue to strengthen and refresh the high point. At the bottom, focus on the support of the middle rail line , If it falls below, there will be a risk of falling again, and it is expected to fall to the support position near the extension line FE61.8 near $1852. It is expected that the correction will be completed and a new bull market will start to strengthen again. yunshfx
Daily level: The price of gold is still under pressure for the time being under the pressure of the middle rail line. There are short-term and medium-term trend line pressures such as 60 days and 30 days above the main chart. Therefore, the market outlook is still expected to fall below the 100-day moving average support and fall further Risk near 200-day moving average support. In terms of operation, before breaking this range, it is enough to go long and short based on the resistance and support of each moving average and point.Yun Shang Hui Xin
Preliminary point reference for the day:
International gold: focus on resistance near $1962 and $1967 at the top; support at $1948 and $1942 at the bottom; spot
silver: focus on resistance at $24.25 and $24.35 at the top; Pay attention to the support of US$23.95 and the support of US$23.80;
Note:
Gold TD=(international gold price x exchange rate)/31.1035
International gold fluctuates by US$1, and gold TD fluctuates by about 0.22 yuan (in theory).
U.S. futures gold price = London spot price x (1 + gold swap rate x futures expiration days/365)
Bold prediction and prudent trading. The above viewpoints and analysis only represent the author’s personal thinking, and are for reference only, not as a basis for trading. your money your decision.
A must-have book for gold investors: “Play and Earn Gold Investment Trading” Yun Shang Hui Xin Limited
