2011年7月8日 星期五
Review the changes on the gold price
Review the changes on the gold price , we found that the price of gold fell early austerity plans and Greece has a close relationship. Prior to this market has been uncertain whether the Greek Parliament passed the plan, and the ECB may raise interest rates this month to stimulate speech and other more radical ordered the market to ease concerns about debt crisis in Europe a lot. Decline in risk aversion is one of the key reasons for the price of gold weak.
On the other hand is in the case of a weaker dollar and gold has not been significantly boosted. At the same time, crude oil last week at the International Energy Agency, led by commodity stocks after the release of crude oil is in the adjustment process.
This week, gold weak to reverse the two main reasons. First, Moody's lowered its rating of Portugal once again highlights the market risk aversion, investors in other currencies difficult to obtain a larger income risk in the case chose to sell, money to re-enter the gold market; Second, China's central bank anti-inflation on the road again to raise interest rates.
In addition, the market is widely expected the European Central Bank will raise interest rates this week, indicating that inflation in some countries the situation is grim. The market has fully digested the European Central Bank (ECB) raising interest rates 25 basis points to 1.50% expected. If the European Central Bank President Jean-Claude Trichet on Thursday tough talk can not be maintained, then add the negative impact of the Portuguese, the euro / dollar is likely to be much more substantial correction. Interpretation of these two aspects are combined, the market that the global economic slowdown.
Seen in Europe before the end of the debt crisis is not entirely, disappeared when risk aversion is the price of gold is now rising again after the callback one of the reasons. This is nearly three weeks of trading with gold and the dollar rose the reason why. If the lingering risk aversion, market outlook, U.S. economic data have improved, slight pullback in gold is likely to continue rising out of the situation; if the market outlook, the euro area is not a new outbreak of the debt problem, the gold will again return to the U.S. economy is good or bad influence under the market.
Technically, the price of gold in the 50-day moving average last week fell below the strong support after the 20-day MA has been pressed up near the weak. Currently the average system price of gold back to the top, and 5-day moving average has been formed with the 10-day moving average MACD trend, indicating that gold is likely to continue upward in the weeks after the correction. Focus on the pressure near the $ 1,545, which is the price of gold rose from $ 1,308 to form since the mid-term rising channel, can re-stand for the gold market outlook, the trend of the past month is critical.
If the gold market outlook continues to line up to $ 1,545 after the fall meet resistance, then the price of gold rose from $ 1,308 has been adjusted after the end of the nine waves, probably out of AE again five waves of small adjustments. The current rally can be seen as B waves. From this point of the analysis is concerned, I believe that the market outlook for gold prices fluctuated probability. Commodity index from the point of view, the existence of certain bottom to complete the beginning signs of a rebound.
On the other hand is in the case of a weaker dollar and gold has not been significantly boosted. At the same time, crude oil last week at the International Energy Agency, led by commodity stocks after the release of crude oil is in the adjustment process.
This week, gold weak to reverse the two main reasons. First, Moody's lowered its rating of Portugal once again highlights the market risk aversion, investors in other currencies difficult to obtain a larger income risk in the case chose to sell, money to re-enter the gold market; Second, China's central bank anti-inflation on the road again to raise interest rates.
In addition, the market is widely expected the European Central Bank will raise interest rates this week, indicating that inflation in some countries the situation is grim. The market has fully digested the European Central Bank (ECB) raising interest rates 25 basis points to 1.50% expected. If the European Central Bank President Jean-Claude Trichet on Thursday tough talk can not be maintained, then add the negative impact of the Portuguese, the euro / dollar is likely to be much more substantial correction. Interpretation of these two aspects are combined, the market that the global economic slowdown.
Seen in Europe before the end of the debt crisis is not entirely, disappeared when risk aversion is the price of gold is now rising again after the callback one of the reasons. This is nearly three weeks of trading with gold and the dollar rose the reason why. If the lingering risk aversion, market outlook, U.S. economic data have improved, slight pullback in gold is likely to continue rising out of the situation; if the market outlook, the euro area is not a new outbreak of the debt problem, the gold will again return to the U.S. economy is good or bad influence under the market.
Technically, the price of gold in the 50-day moving average last week fell below the strong support after the 20-day MA has been pressed up near the weak. Currently the average system price of gold back to the top, and 5-day moving average has been formed with the 10-day moving average MACD trend, indicating that gold is likely to continue upward in the weeks after the correction. Focus on the pressure near the $ 1,545, which is the price of gold rose from $ 1,308 to form since the mid-term rising channel, can re-stand for the gold market outlook, the trend of the past month is critical.
If the gold market outlook continues to line up to $ 1,545 after the fall meet resistance, then the price of gold rose from $ 1,308 has been adjusted after the end of the nine waves, probably out of AE again five waves of small adjustments. The current rally can be seen as B waves. From this point of the analysis is concerned, I believe that the market outlook for gold prices fluctuated probability. Commodity index from the point of view, the existence of certain bottom to complete the beginning signs of a rebound.
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