Opening price 1741.78 Yesterday closing price 1734.29 Lowest price 1742.80 Highest price 1752.28
Gold prices continue to rise
On June 19, the US dollar rose for the fourth consecutive day, setting a new high since June 2 to 97.72, the longest record in more than a month. Renewed worries about the new crown epidemic in the United States increased demand for safe-haven assets; spot gold It rose more than $20 to close at $1743.87 per ounce, the highest closing price since May 20. U.S. oil once rose more than 4% and rose to the $40 mark, because OPEC+ major oil-producing countries actively performed historic production cuts, and then followed other assets to fall sharply.
Technical Analysis: Gold
The price of gold rose sideways in the last trading day, with the highest price at 1744. This morning the gap opened higher at 1747.78 and is currently at 1747.30.
On the 1-hour chart, the rising kinetic energy is obvious, and the bullish candlestick is obviously strong. During the Asian session, prices will basically remain in the overall trend of rising-sideways. Along with last week’s upward trend, the Bollinger Bands track has been rising all the way, and the exposure is relatively wide, but it does not clearly indicate the opening of the exposure, maintaining the pattern for the obvious trend.
MACD as a whole indicates upward momentum and indicates an upward trend. The DIF line is located at a higher position above the zero axis, and pay attention to the downward trend of the DIF picking up.
Important information of the day: short positions, long-term trading
Resistance: 1745 1750 1755
Support: 1740 1735 1730
Z.com Bullion Analyst: Tony Liu