Opening price 1752.20 Yesterday closing price 1754.27 Lowest price 1751.70 Highest price 1757.15
US dollar fell after breaking through 1760
On June 22, the US dollar index weakened, and high-risk currencies such as the Australian dollar and New Zealand dollar rose sharply because investors were concerned about the prospects for the economy to eventually recover after the coronavirus epidemic; concerns about the second wave of the epidemic and continued expectations of stimulus measures pushed The price of gold rose, and spot gold rose more than 1% at a time, refreshing its highs since May 18 to $1763.38 per ounce. Oil prices rose nearly 2%, hitting the highest closing level in more than three months, supported by the tightening supply in major producing countries and the rebound in fuel demand brought about by the resumption of global economic activity.
Technical Analysis: Gold
Gold has maintained a rising and oscillating trend yesterday, rising from a low of 1744 to more than 1762, and then returning to a high of 1750. It opened at 1752.20 in early trading today and is currently at 1756.33, overall in the shock range.
On the 1-hour chart, the price is still in the high stage on the track of Bolling Road. The Bolling Road Double Track Line has been shrinking and closing, and prices have gradually stabilized. Asian time mainly trades long and short within the online interval of the track. The MACD kinetic energy is slightly depleted. There is still inertial thrust in the rising kinetic energy since last week, and we will focus on the key points of the kinetic energy line playback within the day.
Day trade strategy: The Asian session is handled as a whole in a shock mode, and the European and American sessions are combined with fundamentals to observe the continuous breakthrough of the Bollinger Bands.
Resistance: 1760 1765 1768
Support: 1750 1740 1735
Z.com Bullion Analyst: Tony Liu
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