gold price

The data released last Friday by the U.S. Department of Labor, U.S. May rose after the non-farm payrolls increased by 69,000, far less than the expected increase of 150,000, an increase of 77 000 be amended to April, the initial value increased by 115 000; March amendment to increase of 143,000, an increase of 154,000, the initial value. Non-farm employment data is very poor, warming Fed QE3 expected, weighed on the dollar, investors bought a buy gold, spot gold last Friday in New York as shares rose more than 4%. U.S. President Barack Obama said that the strength of the U.S. economic recovery is still not strong enough, the recovery is not enough for the job to the rapid growth
In the context of a jittery global financial markets, the highlight of last Friday's market is a gold draft Changyang. Stimulation of the poor by U.S. non-farm payrolls, as well as the United States in May of PMI's weak launch easing is expected to enhance the market for the United States, since 8:30 GMT on Friday announced the non-farm payrolls, gold strong rally London gold day or 4.05%, the largest single-day gain to create the more than three years. In addition, the ten-year U.S. Treasury yields fell to record lows, the European sovereign credit deterioration, prompting investors sought a safe haven. Although the debt crisis in Europe before the euro fell, a stronger dollar, in order to suppress the gold performance last week, gold off Europe "signs. Technically, gold broke through $ 1,600 an integer pressure, display multi stronger expected outlook will be the shock to rise mainly due to the short-term increase is too large, technically there may be regulatory requirements, the expected $ 1,600 Department to seek support, to confirm the breakthrough. Relatively speaking, silver industrial property strong performance of the silver less than gold, London silver above the $ 29 is still under pressure.

Pay more attention to national economic data, as well as central banks announced interest rate decision this week operation, follow the market guidelines, short-term operation. Rose sharply after last week's 5 weeks may be pulled back slightly adjusted, generally dips do more thinking to do a single. Specific weeks of operational thinking as follows:
1. Gold
The golden week proposed layout in order to lower more than a single main 324.64 nearby to choose the layout more than a single week to see 344.74-351.91 between the stop loss 323.53 near
Resistance 343.10,362.98,387.33;
The support 324.26,317.57,302.55.
Spot silver:
Baiyin Yi do more dips mainly 5604 near the proposals to choose the lower layout is more than a single main weekly look at 6339 near the stop 5334 near
Resistance 6430,6800,7281;
Support 5330,5000,4449.