International gold short-term fundamentals are strong, frustrated the tendency to negative

Crude oil fell substantially by breaking 130 U.S. dollars the impact of information, the end of last week, the international price continues to drop, was lowered 949 U.S. dollars / oz location, after 954 U.S. dollars / oz a barrel.

Fundamentals have a tendency to negative

Market fundamentals have to short-term negative trend. The substantial decline in crude oil prices drag gold lower as the "chief culprit."

Crude significant drag diving gold last week for three consecutive trading day lower, from the disk of crude oil, oil prices are further signs of weakening, so there may be lowered gold lower position.

In another context, last Friday night announced the first U.S. bank Citibank's financial reporting better than expected, weakening the weak U.S. economy investors see the psychological, some hedge funds outflow from the city.

Short-term technical indicators also Piankong, on K-Line at Cross Yinxian, Zhou K line with long shadow at the Cross Yinxian, the breakthrough in the week when blocked at 5-day MA Shayuergui, MACD, KD lines are to air, Inflection point drop, short-term trend has been strong, frustrated.

At present, the international gold short-term support at 950 U.S. dollars / oz line, if effective below, it will trigger deep down 20 U.S. dollars, the next support level at 920 U.S. dollars.

Forecast for this week:

Tend to stabilize short-term narrow range of oscillation

After a sharp decline, the international gold to buy the super-pressure has been released, technical, 950 U.S. dollars / oz support at the relatively safe, short-term trend of more inclined to stabilize narrow range of oscillation. If no negative information blockbuster hit, the gold substantially below 930 U.S. dollars / oz location of the possibility of relatively small.

To be announced this week the economic fundamentals of data-intensive than last week, the city may have an impact on the only announced for Tuesday night's manufacturing index and Friday night's U.S. consumer confidence index is expected to reverse the fate of the city may And not much. Therefore, apart from investors concerned about economic data, also need to pay attention to the oil market and geo-political role, such as the sharp decline in gold, will also be subject to oil prices continue to plunge the impact.

Operation: Zhaojin Group Guangdong gold-trading center Chen believes that if the gold is expected to line lowered to 935 U.S. dollars, which is a good opportunity for investors Jiancang, from the Global Fund gold ETF in the position of the center line and more emotional to see the trend is still dominant , In the gold slowly into the season when bargain hunting buying is sensible investment ideas. If the golden opportunity to return to the first 930 to 935 U.S. dollars, investors can wait for opportunities to absorb.

Gold Club

950 U.S. dollars / oz support at the relatively safe, short-term trend of more inclined to stabilize narrow range of oscillation. In the absence of heavy bearish this week under the gold substantially below 930 U.S. dollars / oz location of the possibility of relatively small.