China-US Czech News frequently spreads market risk sentiment, gold wide shocks, suitable range trading

1comment 2019-04-15 12:02:19 source:FX168 Author:First silver net Just do it next week! Steady!

Kitco's weekly release on Friday (April 12)goldSurvey shows that in the next weekGold trendIn the survey, Wall Street has long and short differences, but ordinary investors are still optimistic about gold. In the survey of Wall Street professionals, 16 people participated in the survey, 6 or 38% said that gold will rise next week, 6 or 38% think that gold will be consolidating next week, 4 or 25% think Will fall. Market participants include gold traders, investment banks,Futures tradingAnd technical analysts. In the survey of ordinary investors, 568 people participated in the survey, 299 people, or 53% think that gold will rise next week; 170 people or 30% think that gold will fall next week, 99 or 17% think Gold will be consolidating.

This week, most of Wall Street and ordinary investors were bullish on gold this week. As of 11:16 am EST, Comex JuneGold futuresThis week was flat to 1295.60Dollar/ounce.

Bob Haberkorn, senior commodity broker at RJO Futures, said "I think we will see upside potential next week, especially after yesterday's sell-off." He said there was no major news behind Thursday's sell-off. At the same time, recent ChinaCentral bankThe news of continuing to buy gold is constructive. “I think I will see that I will continue to buy next week,” Haberkorn said.

  ADRIan Day Asset Management Chairman and CEO Adrian Day also saidGold priceWill rise higher.

"Gold has been in the near $1280 area and is resisting the decline because the dollar can't break above the resistance," Day said. "We believe that the dollar will not fall sharply soon, but the upside is obviously limited. The dollar is vulnerable to any negative news, such as the deterioration of the US economy or the stock market decline.Federal ReserveWhile maintaining its options, it is clear that the tightening policy has been tightened. ”

At the same time, Charlie Nedoss, senior market strategist at LaSalle Futures Group, believes gold will fall even more. He pointed out that June gold futures closed on the 10th, 20th and 100th moving averages on Thursday. In addition, he added, forming a downward wedge from the high points beginning in February, March and this week.

Colin Cieszynski, chief market strategist at SI Wealth Management, said, “I am still pessimistic about gold next week.” “Technically, gold is on a downward trend. With political risks and market easing, and positive economics and profitability. News emerges that gold and other defensive stocks may fall out of favor in the short term."

Phil Flynn, senior market analyst at Price Futures Group, also expects gold prices to fall next week.

He said, "strongPPThe I (producer price index) report will challenge the bulls next week. "China's stronger-than-expected economic data should have boosted us, but concerns about domestic demand may rebound." ”

Kevin Grady, president of Phoenix Futures and Options, remains neutral.

He said: "We have not been able to rise to the 50-day moving average of $1314.70 this week. Gold is struggling to maintain any rebound. At this point, I don't see which event will make the gold price above the main resistance level of $1,350. Our initial support is $1,285 per ounce. Although my current view is neutral, I am a seller above $1,305."

Keyword reading:Interval trading Wide shock Gold trend Gold price shock Market participant

Editor in charge: Lu Shan RF10057
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