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Yesterday Although the fluctuation range of silver is not very large, compared with gold, it is very resistant to falling. Every downward decline of silver creates conditions for bulls to enter the market. Yesterday, the lowest price of silver was .USD and the highest was .USD. It closed at .USD, recording a gain of .%. Spot gold is completely different from silver. The price of gold has been falling since the opening of the market. It has successively broken through the two major support levels of the US dollar and the US dollar, reaching as low as .USD and closing at .USD, plummeting .%.

Interpretation of hot topics

As the Chinese market was closed yesterday, trading in major global financial markets was relatively dull. However, in such dull trading, there is still no shortage of market attention. The existing home sales data released by the United States that day performed well, which provided support for the U.S. index. Good news came from the Greek debt negotiations, and Greece submitted an update. This is a major step forward in reaching negotiations on a proactive reform plan. Although the euro exchange rate had limited reaction to the Greek news, global stock markets surged as a result, and gold prices were sold off due to a surge in risk appetite.

U.S. data released on Monday showed that monthly existing home sales surged to a five-and-a-half-year high, helped by first-time buyers entering the market, the latest sign that the housing market and overall economic activity are building momentum in the second quarter. sign. The National Association of Realtors announced on Monday that monthly existing home sales in the United States increased by .% on a monthly basis and an annual rate of 10,000 households, the highest level since the beginning of the year. This puts existing home sales this year on track to record their largest increase since the beginning of the year.

In addition, due to good US data, the US dollar index rose above the mark, the euro maintained volatile trading against the US dollar, and optimism about the Greek negotiations had a limited impact on the exchange rate. Spot gold prices fell by %, the stock market strengthened and Greece eased Suppressing the rise in safe-haven oil prices, there was short covering before the expiration of the U.S. crude oil contract.

Also, US stocks closed higher yesterday, the Nasdaq hit another record high, and all major sectors rose across the board. The Dow Jones Industrial Average rose 0.00%, or 0.00%, and the S&P 500 rose 0.00%, or 0.00%, and the Nasdaq Composite index rose 0.00%, or 0.00%, or 0.00%.

Finally, after the Federal Reserve’s decision last week, the market focus is now turning to a series of important economic data released by the United States this week. Among them, the U.S. durable goods orders data on Tuesday, the housing price index on Wednesday, the U.S. first quarter data on Thursday, personal income and expenditures, the first filings for the week, and the core price index can all cause large fluctuations in the market. Investors should pay close attention to these data.

Technical Analysis

From a technical point of view, silver has not been able to effectively break the range-bound fluctuations of the US dollar. Although it has not broken, the bulls have shown a step-by-step upward trend. The daily moving average has crossed the daily moving average, and the silver price is close to the daily moving average. The current daily moving average has temporarily put pressure on the upward trend of silver. Once it breaks, the momentum of the bulls will be released, and the indicator speed line has also crossed upward, and the red The kinetic energy of the column begins to increase, and the author predicts that the probability of a breakout is very high. Therefore, once silver falls back, it is an opportunity to enter the market and go long. Aggressive players can enter the market between US dollars and stop loss. US dollars, and stable players can wait for silver to stabilize. Go long after the US dollar, and the target can be towards the US dollar.

Spot gold is still in a trendless state. Even if there is a short-term rebound, it is difficult to maintain it, and the decline also appears weak. Under such circumstances, it is best to focus on the short-term. , take profits in a timely manner, today it is recommended to sell high and buy low between the US dollars.