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[7.13 Zhishui Precious Metals Morning Review] Market news is insipid and Precious Metals short-term consolidation
Jul 13,2020 08:20CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM News: I. changes in macroeconomic policies:

1. Beijing, July 2, 2030, the United States added 4.8 million non-farm payrolls in June, much higher than the expected 3.058 million, with the previous value revised to 2.699 million from 2.509 million. The unemployment rate fell further to 11.10 percent, below expectations of 12.50 percent and 13.30 percent.

Two. Market performance:

The price of gold fell slightly in the previous session, with a high of $1810 / oz and a low of $1794 / oz to close at $1798 / oz.

In the previous session, TD gold fell slightly to close at 399.55 yuan / kg, down 1.75 yuan.

In the previous session, TD silver fell slightly to close at 4409 yuan / kg, down 81 yuan.

Three. Position analysis:

Gold and silver CFTC non-commercial net long positions are in the middle and high level, and the risk of long positions is gradually accumulating.

Fourth, technical analysis:

On the previous trading day, London gold closed with a small Yin hanging vertical line, the lowest price was lower than the previous day's lowest price, the closing price closed below MA5, MA5 upward, MA60 continued to extend upward, the RSI index returned to the normal range, and the repair index may be consolidated in the short term, but the medium-and long-term upward trend remains unchanged.

The first support level is $1794 / oz below, the second support level is $1775 / oz, the first pressure level is $1818 / oz above, and the second pressure level is $1850 / oz above.

5. Focus on Today

No important data or events.

Six. direction suggestion:

The market news is insipid, precious metals short-term consolidation.

Gold

For gold medium-and long-term trading in the early multi-order to continue to hold;

For several days of London gold trading pre-long orders last week after the reduction of positions to continue to hold, no positions wait and see;

For TD several-day trading pre-order yesterday after the reduction of positions to continue to hold;

For intraday trading, Loco-London gold 1804 goes short, 1811 stops loss, 1790 stops profits;

For intraday trading, TD gold 400.50 goes short every high, 402 stops loss, 399 stops profit;

Silver

For silver medium-and long-term transactions more than one order to continue to hold;

For several days of trading silver TD pre-multiple single last week after the reduction of positions to continue to hold, no positions wait and see;

For intraday trading silver TD4440 goes short every high, 4470 stop loss, 4410 stop profit;

For spot trading today may be a small pullback, if not timely operation, as far as possible in the futures hedging operation.

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