Zhao Xiangbin
Fundamental solution
Last week, the trend of us means fierce, since the US decreased from near 77.79 for three consecutive weeks of sideways consolidation last week finally stabilised 75.38 line above, there is no extension trend of decreased. Week k-line received a Yang line entities, beauty means highest 76.52 last week, fell to the lowest 76.2 line, closing in the vicinity of 76.25. Last week, the dollar is a key trend, after continuous fall of dollar after finishing bottom begin to rebound, also is the trend of decline? The answers out, believe on the movement of the United States this week means bringing a large degree of influence, while the United States began their run has been uncertain.
Comprehensive fundamentals data last week, a lot of bad data, such as the decline in housing starts-monthly rates December decline in building permits-monthly rate; December retail sales month rate declining, production price index month rate declining. And the United States financial consortium to huge losses due to subprime mortgage problems occur, these bad data $ Tim frost on snow, but the United States did not fall as quickly as the previous, but repeated bickering in over 75 points, which is very unusual. The good news is that United States financial institutions have Saudi Korea intervention such as finance, relieve stress, while United . States President and United States working together to stimulate the economy of the two parties and the Fed Chairman about the extent of the economic recession and economic analysis on the health side did, we hope to solve the problem.
For these reasons, us a temporary stabilisation rise, out of a movement of the wheel to adjust, increase power significantly, however dollars within the disadvantaged situation in the short term is difficult to solve, shocks downside risks remain.
Trend of gold last week, after reaching all-time price fall, following failed and fell twice, k-line yin received last week. Gold opened last week 882.4, the highest price 914.1, minimum withdraw to near 869.5 rebounded, closing the week at 882.9 line.
Since the gold on Monday and Tuesday to maintain high price distortion of history, sharp callback 2 trading days thereafter, sideways consolidation trend on 2 trading days. Gold last week of fell trend and dollars of strength seems to relationship not is close, dollars in many bad data before and no fell down, and gold of fell also not beauty means rose caused of, on high back withdrawal of trend I think is gold after near half of rose trend Hou in a new of highs expand of once adjustment, so high of price obvious is speculation institutions of profit throwing disc crackdown caused by, also not excluded recent gold speculation excessive of a adjustment.
Technical analysis
Trend of Zhou Tu us means, to close out of the shadow under a long spindle, k-line signal should be a short-term bottom, is valid depends on this week’s trend is your Yang weekly MACD red pillar rising, and early gold fork continues to pull. Our k-line analysis, after last week’s trend, short-term averages gold fork rise up today early in the United States means the pressure already broke the 30th averages, increased technical support is good.
Recent trend in us under the technology came to see us means 77.81 line has a strong resistance, and 751 lines with strong support, is expected this week to the United States refers to movement of the rising trend will appear, but not optimistic, after all the recent dollar data than bad.
Golden Week chart analysis, after last week’s Long Black Line, k-line formation of the clouds cover the top trends, this is a bad omen, for a strong rise, the prelude to this trend should be adjusted. Weekly MACD has been severely oversold, while diminishing red columns, quick averages have level off hook head down predicted that week random death cross is also evident in aggregate indicators; 5th averages by forks 10th day line graphs of equal-string, two trading sideways consolidation means that the return of equal-string, died after fork gold is expected to launch a round of adjustments and oscillatory movements of the hit. Morphological analysis for our line has a sideways consolidation 4 consecutive trading day, daily double top formation fell only once after finishing, follow the rising height of this document is also not enough, so next hit near the finishing platform at 8,501.
Trading strategy
In the long term: the current trend is expected consolidation trend analysis fell at the end of the gold in the turbulence, so long-term proposals in more than 880 was built long positions, though some low, but the current situation than to clear out some of last week, rising and sideways for a week.
Short: operations dominated by bearish today, expected gold finishing position in the 8,601 between shocks finishing line to.
Single: rebound in 861, 870 blocked rebound short;
Empty: empty single 8,761 today incredibly important, once suitable light warehouse breakthrough seen empty, quotes 8,731 line breaking add empty warehouse;
Stop loss above 4 blocks, see 10 or so for profit;
Silver: trend of silver and gold are basically the same, trend of decreased finishing; therefore mainly over, being long rebound only;
Single: 15.9 support rally built short; 15.62 not breaking rebound short;
15.9 break the building empty, 15.7 built air-breaking single; stop-3 gross profit of about 8 cents;
Above is for reference only!
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