Newspaper office of FX68 finance and economics (Hong Kong) dispatch gold of merchandise on hand drops today after defeating 1260 col, the defeat below lowest comes 1254.16 dollars / ounce, and achieve last year the lowermost level since December 18, be apart from the top 1267.7 dollars inside day, amplitude exceeds 10 dollars...
In light of technical area, dead fork was formed on day figure, drop effectively to lower part of line of trend of metaphase be issued to lower levels to show nominal continues dominant goes situation. Although the likelihood is current,can restrict exclusively drop element, short-term go up super- sell and can not provide any support.
Wall street daily is written civil say, golden price today refresh since 6 months low, because the undersell of global venture capital puts delay, the market is right beautiful couplet store add the anticipation of breath to strengthen further, the dollar is obtained carry brace up, gold bear pressure.
Matthew Turner of analyst of the bank in Mai Ge expresses, the dollar goes strong considerably is the defeat below gold advocate because of; In the meantime, gold fails to upgrade from trade controversial issue it seems that benefit, this makes gold bull admits defeat.
Prospective problem is whether gold can answer commerce uncertainty better, the answer should be affirmative, but investor also should see the dollar goes the changeover run of situation, should hold the thought that the dollar won't rise continuously.
Day of beneficial aggravate is anxious in global trade war during, avoid danger yen demand warms up, dollar / yen lowest drops to 109.35, avoid danger gold is however nevertheless " drop again " , puncture 1260 later, still do not have " stopping meaning " !
Intermediary Dailyfx is written outside civil point out, confused period is in in the market, the foreground of China, European Union and other country and American trade war continues to carry brace up market fund is flowed into avoid risk capital. This is carried again brace up two traditions avoid danger money, namely yen and lucky man.
Nevertheless, euro is cost with sacrificial gold it seems that and join avoid danger money cavalcade, the market is opposite it seems that the demand of gold is very little. Gold is losing a ray it seems that, and although trade war is farther aggravate, gold continues possibly also low.
Rebound today in the dollar before, dollar / yen falls to since June 11 lowermost level, and dollar / lucky man also is achieved since June 14 new low. Of different common is, euro also is going strong, this one single currency is being regarded as to replace even more avoid danger money.
Proofread: JOE
