US Dollar Has Not Been Geopolitical To Boost Short Positions Traders Back To Fill Gold.

The escalation of the situation in Ukraine and the weakening dollar made the gold price rise about 1% on Tuesday (April 8th).

After supporting Russian protesters to occupy the Kharkov state building, Ukraine's interior ministry announced that special forces have been deployed from other parts of Ukraine to strengthen the strength of the three eastern states. The Ukrainian government has launched a counter-terrorism operation in the eastern city of Kharkov, arresting some 70 separatists and recaptured the occupied Kharkov government building. The police did not use weapons in the operation.

Russia accuses that any armed action can lead to civil war. In addition, Russia also called a mercenary of a private military organization to join the Ukraine forces.

"I think today. Gold price The rise is due to the weakening of the US dollar and the unstable situation in Ukraine. Frank Lesh, analyst at FuturePath Trading.

"There are some major stops when we break through the $1300 / ounce level." Archer Financial Services's advanced account execution Jim Comiskey says. After some points have been touched, some pre order stop loss orders have been activated.

In addition, Lesh also believes that some of the stop points were touched in the gold price rise last week, and on Friday (April 4th), gold touched $1307.5 / ounce.

" Ukraine The situation is escalated, "Comiskey said. After the market focus shifted to the fed in mid March, the situation in Ukraine has once again highlighted.

Now it seems that some protesters in eastern Ukraine are seeking the same results as Crimea (first independent and then Russia), hoping to become a part of Russia, "Lesh said." this may be the next frontier, or at least the forefront of political disputes. " This obviously will bring gold's risk aversion.

At present, the US dollar is weakening, Newedge. Noble metal Agent Tommy Capalbo said, "so people are heading for gold."

In addition, Capalbo also mentioned that some traders with short positions said they were making short refunds.

This is likely to push gold prices up before the minutes of the Federal Reserve meeting on Wednesday.

In addition, Comiskey believes that gold has also benefited from the sharp sell-off of stocks in the past two trading days.

The situation in the Ukraine is tense and the price of gold has risen.

Thanks to the non farm data released by the United States last Friday and the reigning situation in Ukraine, gold prices have been supported recently. SPDR, the world's largest gold traded fund, held a 26015954.7 gold ounce position on Monday, compared with last Friday.

Related stock movements

The Bank of China is near the low of five, but it is not as good as 6.6%. Because other economic data in the United States generally improved last week, the market tends to think that the non-agricultural employment data will be strong, but the non-agricultural data released in March is not as good as expected. It has eased the concerns of the Federal Reserve or raising interest rates as early as possible to boost gold prices.

On the other hand, pro Russian protesters seized arms in a city in eastern Ukraine, and protesters in another city declared an independent republic. Ukraine said on Monday that other cities were worried about Crimea's mistakes. The situation in Ukraine once again involved market nerves and geopolitical turbulence.

Since last Friday, the US economic recovery in March showed that the US economic recovery was not as strong as expected, and the geopolitical turmoil in Ukraine was rekindled. These are the signs of good gold prices on the fundamentals, providing a support for the rebound of gold prices.

Hour chart, previously Gold price The trend is triangular. Last week, the price of hardware broke through the triangle. The gold price broke through 1307 resistance again on Monday afternoon. The price of gold still has room for rebound, and the above target can see 1316 areas first. There were many bulls in hand before leaving the field near 1316. If the investors who have missed the market, the 1316 resistance above is close to the present. Therefore, it is recommended to wait and see for a while and wait for the callback to buy again.