Qingdao International Nonferrous Metals and Precious Metals Agent

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Gold daily chart: It closed with a low Xiaoyin cross star, suspending the decline, but the selling pressure remains. Today, continue to focus on the support of the US dollar. It rebounded from a low level today, so it is not advisable to be overly bearish. The moving average system suppresses the rebound and adjusts in the direction of the short trend. The moving average is suppressing the price of gold in the US dollar, and the moving average is supporting the price of gold in the US dollar. An effective break at this position will cause a sharp drop. D indicator, the short side of the market is below the zero axis, the two lines approach the zero axis to form a dead cross, the D indicator is short, the three lines are in the middle area, watch for shock. Overall, the price of gold dipped below the bottom and rebounded today. For the U.S. dollar, sell high and buy low, and strictly stop losses.
Qingdao International Nonferrous Metals Daily Chart: It is trading with a small positive line at a low level, continuing the decline, but failing to reach a new low. Today we need to pay attention to the support of the yuan. It fell back from the high level today and once again hit the support below. The moving average system is suppressing the rebound, and there is an adjustment in the direction of the short trend. The moving average is suppressing the rebound, which is bearish. D indicator, the short side of the market is below the zero axis, the double-line turning point near the zero axis forms a dead cross, the D indicator is short, and the third line overbought zone pulls back, the market is short. Overall, the price of silver dipped below the bottom and rebounded today. We should maintain the idea of short selling on rallies and strictly stop losses.
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