The Panic In The Gold Market Spread &Nbsp; The Two Dip Deepened.
After the Fed reversed its operation, it continued to express pessimistic remarks and China.
Europe
Weak PMI data, the two global recession worries continue to heat up.
Gold, like a runaway wild horse, plummeted in a straight line, and silver was even more miserable. It had taken all the gains of several months back.
Panic selling makes market investors feel threatened.
There are many macroeconomic data this week, especially in the US and other countries that will announce the second quarter GDP final value.
If the GDP data of these countries are lower than expected, it will aggravate investors' worries about the two bottom finding of the economy, and the global stock market and related risk assets will face a new round of test.
The author took the liberty of doing so two times, and it would be disastrous to strike gold, silver and other commodities. At present, the price of gold is supported by the position of Zhou chart 76.4%. Once the position is lost, the consequences will be unthinkable.
Here, I also apologize for the majority of netizens who read my comments. I never thought that the two bottom would not be far away.
Gold technical aspect analysis:
Judging from the 4H chart, gold prices plummeted and are currently supported by Zhou chart 76.4%. If this position is lost, gold will start deep callbacks.
In view of this situation, gold has to be on the high side.
Short
。
Please pay attention to support 16701700 below 16281580.
At the end of the press release,
gold
Exchange rate quoted 1632
Operation suggestion
Aggressive investors can sell gold near the 1670 tier price, stopping 1676 and ending 16281580.
Prudent investors can sell gold near the 1700 tier price, stopping 1727 and ending 16281580.
Technical analysis of silver:
From the 4H chart, silver is basically not seen. From a variety of angles, the bears are huge.
Prudent investors also need to wait and see for the time being. Radical can consider complying with the potential of the air and go short.
Please pay attention to the resistance below 28.5, 27.5 above 30.7, 32.2.
At the time of the author's release, the exchange rate of silver was 29.3.
Operation suggestion:
Aggressive investors can make blank silver around the 30.7 line price, stop 32.4, 28.5, 27.5
Steady investors can make blank silver near the 32.2 front line price, stop loss 33.5, profit 28.5, 27.5
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