Ma Ning: Gold Trend In The Near Future

On the basis of P, the global stock market is still bracing, and inflation in the world's main economies is falling and other factors to suppress precious metals.

For example, China's CPI fell to 1.8% at an annual rate, and the risk of deflation in the euro zone also made the European Central Bank nervous.

Mario Draghi's commitment to some extent further undermines the attractiveness of gold compared to the euro / dollar exchange rate (the euro is falling, and the US dollar is rising accordingly, thus reducing gold and silver dollar dominated commodity prices).

In the current situation of instability in Russia and Ukraine, geopolitics has affected emotional preferences, and the risk aversion has supported the current trend of gold to some extent.

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< p > clears the way of thinking and understands why gold always goes down more than gains. Because in my view, geopolitical factors can only push the trend for a while, but it can not be continued.

And I found that an interesting phenomenon is that gold always has a huge amount of empty sheet in some time, which makes gold short in a short time. It seems that there is no large amount of gold in a flash. Whether it is a conspiracy theory or a trap, the author respects the objective fact that there is not too many factors to promote gold.

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< p > from holding position, the largest a href= "//www.sjfzxm.com/news/index_cj.asp" > /a "open Index Fund (ETF) SPDR" has not shown any further outflow of funds this week, which has made gold investors feel at ease.

But as I mentioned before, gold must be supported by ETF investors to produce a bigger rebound as in recent months.

In short, the slowdown in ETF outflow is a positive signal.

Although the official data of India gold imports dropped by nearly 75% in April compared with a year ago, considering the fact that smuggling entry < a href= "//www.sjfzxm.com/news/index_cj.asp" > gold price < /a > higher guess, in fact, the decline may not reach this figure.

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< p > > a href= "//www.sjfzxm.com/news/index_cj.asp" > Gold > /a > import decline plus export upward helped India trade deficit narrowed from 10 billion 510 million to 10 billion 90 million US dollars in March.

If trends continue or urge the government to reduce import tariffs on gold (currently 10%).

Judging from the upturn of the India stock market (which has recently hit a record high), investors may be able to count on the possibility of winning the Narendra Modi of India KMT Pro business candidate before next week's election.

Modi has hinted that the import limit of precious metals will be relaxed. If so, it will probably boost the gold demand of the world's second largest gold consumer.

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< p > > therefore, the author gives you a clear view: at present, the gold trend is slightly weaker and the whole is partial to turbulence. The author has always grasped why 1276-1330. will give such an interval in the large area. First, the multiple positions at the 1276 position on the Japanese line indicate that the support is effective and the purchase is strong, and is supported by the influence of the situation in Russia and Ukraine.

The 1315-1330 upper resistance range is derived from geopolitical influence, and only support does not drive upward energy unless the writer can see new driving factors.

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< p > > technically, the author has observed the weekly line for a long time. At the end of last year, after forming a double bottom form near $1180/5, gold price rebounded into $1392 in March, and then rebounded about 50% to April lows $1268.

Gold then worked hard but failed to go up again.

The formation of several hammers at the end of April shows a new round of pressure on gold prices.

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< p > golden week review: if more friends are patiently waiting, doing more near 1280-1285 is a very good strategy. Light duty stops at 1276. If 1276 is determined to be the bottom of the week, according to the current fluctuation rate, the most probable fluctuation range is 1276-1308 between this week. Therefore, many single target positions can be seen to 12951305.. Friends who enter the empty space also need to wait until the price goes up to 1308 lines.

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