After rising for ten consecutive days, the U.S. dollar index began to fall back under pressure. However, it received support from the 5-day moving average and remained within the rising channel of the daily chart. The market bulls still have the upper hand.

The market news was relatively calm yesterday. After rising for ten consecutive days, the U.S. dollar index began to fall back under pressure. However, it received support from the 5 daily moving average and remained within the rising channel of the daily chart. The market bulls still have the upper hand. Gold stopped falling and rebounded, but was suppressed by the 5-day moving average. Silver moved sideways, and investors were not willing to take the initiative to go long. Currently, gold and silver remain in the volatile downward channel on the daily chart, and the market outlook may continue to weaken. The U.S. dollar fell after rising higher yesterday, but it received support from the 5-day moving average. It is expected that the market outlook will maintain a volatile upward pattern.

A strong earthquake of more than magnitude 7 occurred in Japan this morning. The Japan Meteorological Agency said on Tuesday morning local time that an earthquake with a preliminary estimate of magnitude 7.3 occurred in northern Japan on Tuesday. The Meteorological Agency issued a tsunami for most areas along the northern coast of Japan's Pacific Ocean (601099, stock bar). hint. The Meteorological Agency said the epicenter was off the coast of Fukushima at a depth of about 10 kilometers. The earthquake occurred at 5:59 local time and was felt in Tokyo. The strong earthquake in Japan has stimulated some risk aversion sentiments in the market. Gold will be sought after as a safe haven commodity, stimulating the price of gold to rebound and rise. At the same time, the price of silver may follow suit. In addition, USD/JPY maintains its upward trend.

International large gold fund continues to reduce its gold holdings positions , the world's largest gold ETF, SPDR gold stock positions decreased by more than 19 tons last week, the largest weekly decrease in four months. In addition, data from the U.S. Commodity Futures Trading Commission (CFTC) showed that speculators began to reduce COMEX gold’s net long positions in the week ending November 15, for the first time in four weeks, while silver’s net long positions in the week ending November 18 Long positions also recorded a decrease. The reduction of gold holdings by large international funds may continue to suppress the trend of gold and be detrimental to the trend of silver.

gold technical analysis: Gold's highest on Monday was 1217.73, closing at 1214.21, and lowest at 1205.69. Gold prices rebounded on Monday, testing the 5-day moving average, and the market's buying power on dips has increased. However, gold currently remains in a volatile downward channel on the daily chart, and the market outlook may continue to weaken. Each moving average on the daily chart maintains downward movement, and in the corresponding KD indicator, both lines maintain downward movement, indicating that short-term short-term strength continues to accumulate, which will suppress the price of gold. Gold remains in a volatile downward pattern, and investors can choose the strategy of selling on highs and shorting, and be careful to stop losses.

Resistance: 1225\1235\1245

Support: 1205\1195\1185

Investors can consider selling short on rallies, targeting 1205, and be careful to stop losses.

Silver technical analysis: The silver price reached a maximum of 16.769 on Monday, a minimum of 16.528, and closed at 16.598. Silver prices consolidated weakly sideways on Monday, but were suppressed by the 5-day moving average, and their overall downward trend remained unchanged. At present, the price of silver remains in a volatile downward channel on the daily chart. The market atmosphere is relatively bearish, and the market outlook may continue to decline. Each moving average on the daily chart turned downward, and in the corresponding KD indicator, both lines remained downward, which may continue to suppress silver. It is expected that silver will maintain a downward trend in the market outlook. Investors can choose a short selling strategy with a target of $16.30 and be careful to stop losses.

Resistance: 16.90\17.20\17.40

Support: 16.30\16.00\15.70

Investors can choose to sell short on rallies, with a target of $16.30.

RMB technical analysis: USD/CNY reached a maximum of 6.9180 on Monday, a minimum of 6.8945, and closed at 6.9031. USD/CNY fell back after rising higher on Monday, and the market's selling power on highs is increasing. However, the current daily chart of USD/CNY maintains a volatile upward channel, with all moving averages showing an overall upward trend. In the corresponding KD indicator, the two lines are slowly running upwards, which may continue to push up USD/CNY. The overall rising pattern of USD/CNY remains unchanged. Investors can consider buying a small amount and going long on dips, and be careful to stop losses.

Resistance: 6.9150\6.9250\6.9350

Support: 6.8900\6.8800\6.8700

Investors can consider the strategy of buying low and doing long, and pay attention to stop loss.