• Your Bullion Trading Specialist
  • Live Chat
  • Client Login
  • Partner Login
  • Contact Us
  • FAQs
  • 简体中文
  • 繁體中文
GZB_RGBlogo_destopGZB_RGBlogo_destopGZB_RGBlogo_destopGZB_RGBlogo_destop
  • Why Z.com Bullion
    • Why Open an Account ?

      • We specialize in offering clients with superior online trading services, for our mission is to provide you with a reliable, fair, and cost efficient trading environment.
      • We have inherited the philosophy of our Japanese headquarter GMO Group, with the goal of contributing to society and to bring joyfulness and wealth to every client.

      • *Risk Disclaimer:Gold / Silver trading involves leverage and carries a high degree of risk, and may not be suitable for all investors. Please be aware of the risks involved.
    • Trading Advantages

      • Why Z.com Bullion ?
      • Advantages of Trading Bullion
      • Bullion Newbies
      • Experienced Traders
      • New Account Applicants
    • Product Advantages

      • Choosing our Bullion Symbols
      • Floating Spread
      • Fixed Spread
      • –
      • What is Straight-Through-Processing ?
    • Latest Promotions

      • Latest Promotions
      • –
      • 1,000,000 HKD Giveaway Campaign (NEW)
      • Refer a Friend & Share the Joy
      • Z Bonus Points Scheme
  • Trading
    • Trading
      Gold & Silver

      • We connect you to top liquidity providers from around the world, integrating gold and silver prices for greater market depth and to accommodate different investment objectives. We strive to offer you the best prices and near 24/5 trading hours.
      • Download the most widely-recognized MT4 trading application. Connect to the world through your desktop PC or mobile phone.

      • *Risk Disclaimer:Gold / Silver trading involves leverage and carries a high degree of risk, and may not be suitable for all investors. Please be aware of the risks involved.
    • Rules

      • Trading Rules
      • –
      • Tradeable Symbols
      • Market Hours
      • Fees and Margin Rules
      • Settlement & Rollover
    • Platforms

      • MT4 Systems
      • MT4 PC version
      • MT4 Android OS version
      • MT4 iOS version
      • –
      • Reset MT4 Password
      • EA Automated Trading
      • System Maintenance Schedule
  • Accounts
    • Trading Accounts

      • We offer competitive spreads with our Standard Account and an Advanced Account for investors with higher trading volume. Our fair and transparent trading environment allows us to better accommodate with your trading style.
      • Our wide range of deposit and withdrawal channels allows you to manage your funds with more flexibility.

      • *Risk Disclaimer:Gold / Silver trading involves leverage and carries a high degree of risk, and may not be suitable for all investors. Please be aware of the risks involved.
    • Accounts

      • Account Types
      • –
      • Standard Account
      • Advanced Account
      • Institutional Account
      • –
      • Upgrade to Advanced Account
      • Institutional Enquiry
    • Funding

      • International Clients
      • PRC Cleints
      • Hong Kong Clients
      • –
      • Client Funding Login
    • Partnerships

      • Partnership Program
      • –
      • Program Enquiry
      • Partner Login
  • Research & Education
    • Research & Education

      • Our Research Centre has all the latest market information, and will keep you up-to-date with our professional analysis of price trends during different market sessions.
      • Our bullion experts will provide you with all the necessary knowledge and education to get you started.
      • We also provide the latest price charts and tools to help you take advantage of the opportune moment.

      • *Risk Disclaimer:Gold / Silver trading involves leverage and carries a high degree of risk, and may not be suitable for all investors. Please be aware of the risks involved.
    • Analysis

      • Research Center
      • –
      • Daily Technical Analysis
      • Daily Market Review
      • Fundamental Information
    • Education

      • Bullion Fundamentals
      • Education
      • Glossary
    • Tools

      • Live Chart
      • Economic Calendar
  • About Us
    • About
      Z.com Bullion

      • Japanese listed group, and Japan’s Largest Retail Forex Broker by Volume for 8 consecutive years*. We adhere to the highest standards of regulations and internal control as indicators to ensure the safety of your funds and as part of our service commitment to you.

      • *Risk Disclaimer:Gold / Silver trading involves leverage and carries a high degree of risk, and may not be suitable for all investors. Please be aware of the risks involved.
    • About Us

      • Z.com Bullion
      • What is Z.com ?
      • Who is GMO Financial Holdings ?
      • –
      • Understand our operations
    • Newsroom

      • Latest Updates
      • Phishing Website Notice
      • How to identify a legitimate ‘Z.com’ entity ?
      • –
      • Legal Information
      • Personal Information Collection
      • Risk Disclosure
      • Privacy Policy
    • Contact Us

      • Contact Us
      • Change Account Information
      • FAQs
      • –
      • Client Funding Login
      • Partner Login
FUNDING INSTRUCTIONSOPEN REAL ACCOUNT

Gold price opened slightly higher

  • Home
  • Technical Analysis
  • Gold price opened slightly higher
Gold price reaches eight-year high
2020/6/24
Gold continued to rise for three weeks
2020/6/29
2020/6/26

Opening price 1763.52 Last closing price 1763.17 Lowest price 1762.21 Highest price 1766.09

Gold price opened slightly higher

Driven by safe-haven buying on June 25, the US dollar continued to strengthen as concerns about the sharp increase in the number of new crown cases in the United States intensified and the trade tensions between the United States and the European Union deteriorated. The price of gold has increased slightly, the number of new cases has surged, and bad news about the economy has continued to make investors nervous, boosting the need for gold to hedge. Oil prices rose more than 2% in volatile trading due to a slight improvement in the US economy and a moderate increase in fuel demand.

Technical Analysis: Gold

Today, gold opened at 1763.52 in early trading. After the market opened, it rose slightly, and prices remained consistent and tended to stabilize. The Bollinger Band track has gradually narrowed and stabilized. The price is in a slight oscillating range and is in the Bollinger Band orbital range. The Asian period is expected to be in a narrow range and slightly rising.

After the price dropped from the high of 1777 to the 1760 range, it was basically in a stage of steady and upward climb. The Asian session today is expected to be at the highest position of 1768-70. From the current situation, light positions are long.

MACD still hasn’t completely moved up from the downtrend, kinetic energy still shows a short market under the zero axis, the DIF line is below the zero axis, but there is a clear upward trend.

Day trade strategy: light long positions, pay attention to MACD’s DIF line running track.

Resistance: 1765 1770 1775
Support: 1760 1750 1745

Important information:

22:00 US June University of Michigan Consumer Confidence Index Final Value

Z.com Bullion Analyst: Tony Liu

TRY FREE DEMO

demo_acc

FREE


  • Register in 3 Minutes
  • Simultaneous Operation of Mobile Phone and Desktop System
  • Practise or Test Your Strategies with US$50,000 of Virtual Funds
TRY FREE DEMO

OPEN REAL ACCOUNT

real_acc

No Minimum Deposit Requirement


  • Apply in 5 Minutes
  • Send Your Information to cs.bullion@z.com
  • Usually Takes 1 Working Days for Account Opening
OPEN REAL ACCOUNT
Share

Related posts

2021/4/12

Gold Trend 12/04 – 16/04 (Review Daily)


Read more
2021/4/5

Gold Trend 05/04 – 09/04 (Review Daily)


Read more
2021/3/29

Gold Trend 29/03 – 02/04 (Review Daily)


Read more




Open Live Account Open Demo Account Market Overview Market Review Gold Trend Technical Analysis Economic Calendar Live Chart
Trading Rules
Tradable Symbols
Trading Hours
Fees & Margin Rules
Settlement & Rollover
Account Types
Standard Accounts
Advance Accounts
Open Demo Accounts
Open Real Accounts
Upgrade to Advance Accounts
Account Funding
International Clients
HK clients
PRC Clients
Research Center
Daily Market Review
Technical Analysis
Economic Calendar
Live Chart
About Us
Z.com Bullion
Z.com
GMO Financial Holdings
Latest News
FAQs
Contact Us
Change Account Information
MT4 Password Reset

Login
Client’s Funding Login
Partner Login

*Japan's No.1 Retail FX Volume
Reported by Finance Magnates Retail Forex Industry Report in 2012-2019, in respect of GMO CLICK Securities Inc. retail leveraged forex trading volume.
RISK OF TRADING IN OVER-THE-COUNTER GOLD BULLION/SILVER CONTRACTS:
Service relating to Over-the-counter Gold Bullion/Silver trading is provided by GMO-Z.com Bullion HK Limited. Over-the-counter Gold Bullion/Silver ("Bullion") trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Bullion is not regulated by the Securities and Futures Commission ("SFC") and therefore trading Bullion will not be subject to rules or regulations promulgated by the SFC which includes but is not limited to Client Money rules. Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require.
COLLECTION OF PERSONAL INFORMATION
Use of "cookies" Your visit to this site may be recorded for analysis on the number of visitors to the site and general usage patterns. Some of this anonymous information(i.e. your age,gender and interests) will be gathered through the use of "cookies". Cookies are small bits of information that are automatically stored on a person's web browser in their computer that can be retrieved by this site. Should you wish to disable these cookies you may do so by changing the setting on your browser. However, you will be unable to enter certain part(s) of our website. If we do ask you to provide personal information, we will always specify the purpose for which such personal information is collected and ensure that it is only used for the purpose specified at the time of collection.

GMO-Z.com Bullion HK Limited is a wholly owned subsidiary of GMO Financial Holdings,Inc (7177: JP), and is an affiliated company of GMO CLICK Securities, Inc., which is recognised as the World's Largest Retail FX Provider by Volume. These entities are part of the wider GMO Internet Group ("GMO Internet Group" or "Group"), which is headed by GMO Internet, Inc. (9449:JP) .

  • Legal and Regulatory Information
  • Personal Information Collection Statement
Internet for everyone
Copyright © GMO-Z.com Bullion HK Limited. All rights reserved.
  • Your Bullion Trading Specialist
  • Live Chat
  • Client Login
  • Partner Login
  • Contact Us
  • FAQs
  • 简体中文
  • 繁體中文