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There is no positive stimulus policy for the time being. Precious metals continue to fall today.
Jan 14,2021 08:02CST
translation
Source:Zhishui precious metal
The content below was translated by Tencent automatically for reference.

I. changes in macroeconomic policies:

1. Since Congress passed a nearly $900 billion epidemic relief plan last month, the government has distributed more than 100 million stimulus cheques to Americans, each up to $600, according to the U.S. Treasury Department. In the coming weeks, Biden is likely to increase the size of the stimulus check to $2000.

two。 Market performance:

The price of gold fell slightly in the previous session, with a high of $1862 / oz and a low of $1842 / oz to close at $1845 / oz.

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:

The last trading day, London gold closed a small Yin line, closing price below MA5, MA5 down, MA60 flat, RSI index in the normal range, there is a short-term possibility to continue to decline.

The first support level is $1800 / oz below, the second support level is $1765 / oz, the first pressure level is $1875 / oz above, and the second pressure level is $1900 / oz above.

5. Focus on Today

No important data or events.

Six. direction suggestion:

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