Li Xingmiao devaluation or the only obstacle to gold fell winflash

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Li Xingmiao: the only obstacle to the devaluation of the RMB or gold fell recently gold trend is very depressed, for a long time are concentrated in the range of 1255-75 operation and volatility is very small. Gold in the face of the recent rise in the dollar, the market risk aversion subsided, gold ETF holdings and other factors are still not warm. These factors are likely to stimulate the decline in gold, but gold has not come out, the only answer is the recent devaluation of the RMB matters to promote domestic gold buying higher. This is why the recent cycle of time is the reason for the rise of the white disk down. Today’s question is whether the United States in the three quarter GDP data will bring the direction of gold. We simply consider the gold from the dimension of the risk aversion should be down, focusing on the 10 year yield trend of U.S. debt recently maintained upward trend. The gold is not very big reaction. The U.S. bond yields and the vast majority of gold is inversely proportional to the relationship can be seen from the chart below. The debt of the United States 10 year yields: weekly chart we see gold is to maintain the shock run in a narrow range, the dimensions from the above proposed the ideas tend to bearish sentiment. At present, the short term is within the range of 1265-75 shock selection. Go up to the 1275-76 and see the 1285-90 position. Down below 1265, then there is a chance to see the location near 1250. Gold 4 hours chart: the idea is still recommended to keep the bearish attitude that stand more than 1276 empty single to consider stop. Or hold it first. Never say personal judgment is right but when there is a bearish reason to do. When a firm 1276 then change ideas. US crude oil 4 hours: yesterday we crude oil is recommended in the vicinity of the oil yesterday to do more near the high point of nearly 50 in the vicinity of the location of 49. At present, the trend of crude oil is still a high shock, retracement of the day back to support the test near the 49.20-30 does not fall below the selection is still more. Resistance concerns 50.00-51.00 close to 51 when considering the short. Sina’s statement: sina.com.cn posted this article for more information to pass, does not mean that agree with their views or confirm the description. This article is for reference only and does not constitute investment advice. Investors operate accordingly, the risk of their own.相关的主题文章: