Wang Jinchuan: Gold Faces Short-Term Support Interval

In the wake of the non farm payrolls, the US dollar continued to be excited, and gold was not boosted under very poor non-agricultural employment data. The lack of confidence in its gold bullion, coupled with the unstable European situation and the economic situation, indirectly raised the US dollar index, which will usher in the Federal Reserve interest rate and the Scotland referendum next Thursday.

Listing will bring more uncertainties to the market.

If the Scotland referendum can really go out alone, it will have an impact on the whole of Europe. First of all, the British economy will be hit hard, and the withdrawal of investment funds and the challenges it faces.

It is also important to know what currency to use. If the referendum fails, the market will continue to hype the expectation of raising interest rates.

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The trend has been falling down and supporting position, and 1240 will be the last defensive line. Once the position is broken, there will be a pattern of exacerbation, but if 1240-1250 can do the bottom, there will be a slight rebound trend.

The daily chart continues to lower the shadow line. Yesterday's late market continued to fall. Today, we need to pay attention to 1250-1253 of the pressure range. There will be a rebound in the European market or the US disk, and the 1 hour chart will continue to be depressed by the 28 and 55 average overnight. However, the decline has slowed down compared with the previous one. Today, the Asian market is going to have a slight negative trend. This form is prone to fall quickly after a rapid decline and break through 1253. It will run to 1261-1265. Within days, we can establish more than one single, stop loss 1243, break through 1253, catch more, reach 1261, move up the stops to the entry point, and target 1263-1265.

Silver daily chart decline is also slowing down, 18.80-19.00 support interval operation, 1 hours map average and K-line have bottom signs, station 19 can build more single, stop loss 18.80. breakthrough 19.15 chase more, the target position can see 19.30-19.50 first.

Euro against the US dollar: the temporary decline is slowing down, the 1.2850 support has not been able to fall quickly, the 1 hour chart appears the short-term average line appears to be glued, 1.2930 can stabilize the existence to the 1.3 gateway regression trend.

Sterling against the US dollar: yesterday's rapid decline to 1.6050 rebounded rapidly, the late market rose to 1.6220 above, the current 1 hour chart 28 and 55 average line support after rising, 144 average 1.6250 to return, Europe can callback to 1.6150 near, can try to do more short line, stop 1.6120