Spot gold and silver fluctuated higher and closed positive last week, with spot gold closing at US$1,681, up 2.22% weekly, with the highest lows of US$1,682-1,617 respectively. spot silver closed at $20.84, up 8.2% weekly, with the highest lows of $20.91-18.84 respectively. Silver is significantly stronger than gold, and the gold-silver ratio has fallen to around 80 times. The US dollar index fluctuated and closed down last week with a long upper shadow small positive line, closing at $110.78, up 0.09% in the week, and the highest lows in the week were 113.16-110.41 respectively. . .
US index is now at $110.47, short-term breaks, pay attention to the gains and losses of $110.5. If the position of $110.5 is effectively lost, the market is expected to reverse the bull trend in the future, or even turn short. Look at the first key support level of $108.5, and the effective break will enhance the bearish signal. . .
spot gold is currently at $1,679. In the short term, we pay attention to whether the rebound can continue, pay attention to the regional pressure of $1,690-1,700, break through and bullish signals enhance, and look at the first key pressure level of $1,722. On the contrary, if it is blocked and falls back, it is still in the medium and short-term bear trend. Look at the integer support of US$1650 and US$1600.
spot silver is now at $20.68, and has broken through the downward trend in the short term. Pay attention to the second key pressure level near $21.2. If you stand firm, you will see that the bullish signal is enhanced. Look at $23.3 and above. . . On the contrary, it is blocked and falls. First, focus on the support of US$20.4. After approval, look at the US$19.8-19.6 area. If it continues to fall, it will return to the bear trend and the bearish signal will be enhanced. . .
In summary, the trend of gold and silver is differentiated, and the gold and silver ratio is around 80 times. In the short term, it depends on whether gold can make up for the rise and can stand at the integer of 1,700 US dollars in one fell swoop, and even if there is no US$1,722, gold and silver can be further bullish. Otherwise, you should always pay attention to the risk of diving . And pay attention to whether the US index can continue to decline.
In-sales trading, it is recommended to set long positions to move stop loss . Friends who have been following this account for a long time know that they have always recommended "low long". My own holds also only long positions ( Shanghai Gold Exchange TD). Occasionally short positions are also ultra-short-term. They are basically closed in the week. This is to hedge long positions for , nor is it purely short positions.
Investment discipline determines the investment results!
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