Is International Gold The Last Drop?

Here world clothing shoes The Xiaobian of the hat net tells us that international gold has finally lost its momentum.

After Goldman reiterated its bearish attitude towards gold prices, gold prices fell 2.3% on Monday, the worst day of the year.

JimSinclair, a senior gold trader, believes that the $1 billion 300 million sale is not to support the dollar or push the stock market.

Sinclair said: "this is to make money for those who manipulate the market, so that they can make up for nothing and start doing more. The sales order is designed to create opportunities, because there is no fundamental basis for the new financial calendar to maintain such a sale or promote it."

However, such obvious manipulation is still rare. But at Goldman Sachs gold Shortly after the attitude of price bearish appeared in the media, there was a huge sale, which was obviously hard to believe.

Sinclair also believes that this may be the last action to lower international gold prices, and international gold prices will be higher after this manipulation. From today's Asian gold price performance, there has been a slight rebound.

From the technical point of view, the price band of gold is located near 1277, that is to say, from the perspective of the midline band, as long as the gold price does not break the position 1277, it is feasible to do more actively, and the upper altitude single should also pay attention to the opportunity to cash in the 1280-1295 interval.

From yesterday's London gold price K-line combination, the beginning of the 1312 decline, there is a short line of last fall momentum.

Yesterday night's fast fall was affected. futures market Short time a large number of selling, the rapid breakdown of 1300 support, short short has occupied the market, today's gold price operation is temporarily short.