• Your Bullion Trading Specialist
  • Live Chat
  • Client Login
  • Partner Login
  • Contact Us
  • FAQs
  • 简体中文
  • 繁体中文
GZB_RGBlogo_destopGZB_RGBlogo_destopGZB_RGBlogo_destopGZB_RGBlogo_destop
  • Why Z.com Bullion
    • Why Z.com Bullion
    • Advantages of Trading Bullion
      • Bullion Newbies
      • Experienced Traders
      • New Account Applicant
    • our Bullion Symbols
      • Fixed Spread
      • Floating Spread
    • Latest Promotion
      • Refer a Friend & Share the Joy
      • Z Bonus Points Scheme
  • Bullion Trading
    • Trading Rules
      • Tradeable Symbols
      • Market Hours
      • Fees and Margin Rules
      • Settlement & Rollover
    • Trading Platforms
      • MT4 PC version
      • MT4 Android OS version
      • MT4 iOS version
      • EA Automated Trading
    • System Maintenance Schedule
    • Reset MT4 Password
  • Accounts
    • Account Types
      • Standard Account
      • Advanced Account
      • Institutional Account
    • Account Funding
      • International Cleints
      • Hong Kong Clients
      • PRC Cleints
    • Open a Real Account
      • Upgrade to Advanced Account
      • Institutional Enquiry
    • Client Login
      • Open a Demo Account
  • Research & Education
    • Research Center
      • Daily Market Review
      • Technical Analysis
      • Fundamental Information
    • Education
      • The fundamentals
      • Technical Analysis
      • Glossary
    • Economic Calendar
  • About Us
    • About us
      • Z.com Bullion
      • Z.com
      • GMO Financial Holdings
    • Partnership Program
      • Program Enquiry
      • Partner Login
    • Newsroom
      • Latest Updates
      • Legal Information
        • Personal Information Collection
        • Risk Disclosure
        • Privacy Policy
    • Contact Us
      • FAQs
FUNDING INSTRUCTIONSOPEN REAL ACCOUNT

U.S. stocks may cause gold price rise

  • Home
  • Technical Analysis
  • U.S. stocks may cause gold price rise
Due to the impact of the COVID-19 epidemic, the U.S. government spending this fiscal year has risen, Gold prices fell slightly
2020/9/4
“Global Times” said China may gradually reduce its holdings of US debt, This week the European Central Bank and the Bank of Canada will discuss interest rates
2020/9/7
2020/9/4

U.S. stocks may cause gold price rise

On September 3, spot gold continued the previous trading day’s decline, as the US dollar index expanded the rebound momentum of the first two trading days, which was nearly 1.4% higher than the 28-month low hit earlier this week. But few analysts expect that the US rebound will last. The US epidemic has not yet been controlled, and the Fed’s end of the low interest rate environment is nowhere in sight. The high debt in the United States is even more worrying for conservative lawmakers, and future generations may face devastating consequences.

Technical analysis: non-agricultural layout

Fundamentals: Today’s non-agricultural pre-U.S. stocks have fallen sharply, and the fundamentals are likely to affect the price of gold. With the Trump election approaching and a series of positive guidance to stimulate the economy and employment, non-agricultural markets may have a higher probability this week. The possibility of a sharp rise, at the same time, the impact of the epidemic in North America has not yet been completely eliminated, pessimism affects the entire financial trading market, and also has a negative impact on gold. Under the dual guidance, non-agricultural companies may also reverse the price of gold this week. Since the beginning of this week, the price of gold has fallen, and non-agricultural-driven price changes will affect the price trend in a certain period of time in the future.

Basic strategy: Mainly bearish and make preventive stops.

Technical Analysis: Gold

The last trading day closed at 1931.50, a new low this week. Under the influence of fundamental information (US stocks), gold may rebound within a narrow range within the day. The day is mainly bullish, and the wet warehouse bearish strategy is adopted in the non-agricultural evening hours.

Important information:

20:30 After the seasonal adjustment of the non-agricultural employment population in the United States in August (10,000)

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

2021/1/17

Gold Trend 18/01 – 22/01


Read more
2021/1/11

Gold weekly review


Read more
2021/1/11

Gold Trend 11/01 – 15/01


Read more

The gadget summarized real-time ratings from the most popular technical indicators - Moving Averages, Oscillators and Pivots.
*Powered by Trading View.For reference only.



TRY FREE DEMO OPEN REAL ACCOUNT
*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
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
  • 繁体中文