Jiangyin Zhouzhuang Technical Exchange

< >Monthly Silver Investment Morning Report: Early plunging, focus on support
< >International silver plummeted more than % at the beginning of the Asian market on Monday (Monday), and refreshed the monthly low of the US dollar. Last Friday (July 2), as U.S. data improved, solidifying expectations for the Federal Reserve to raise interest rates within the year, silver prices came under pressure and tested the U.S. dollar. The data this week is relatively light. Japan will be closed for a holiday on Monday. The more important thing is the US new home sales data released on Friday.
< >Technically speaking
On the daily level, the price of silver fell further during the day. The support level of the US dollar, the green kinetic energy column expanded, the double-line death cross extended downward, and the double-line went downward. Overall risks remain on the downside. At present, the initial resistance of silver price is at , and further resistance is at , , , , , , , , and the US dollar. On the downside, initial support is at .USD, with further support at ., .and USD.
< >In terms of operational strategies,
at the beginning of the Asian market last Friday, it was recommended to take advantage of the opportunity of silver prices to rebound towards the US dollar to short on rallies. The conservative ones will look at the US dollar, and the radical ones will look at the bottom of the US dollar, and set a stop loss. .above the dollar. Judging from the performance during the Asia-Europe period that day, the lowest touched .USD, indicating that the strategy is effective.
<>In the short term of the Asian market on Monday, it is still recommended to take advantage of the opportunity of the silver price to rebound towards the US dollar to go short on rallies. The conservative ones will look at the US dollar, while the radical ones will look at the lower US dollar, and the stop loss will be set above the US dollar.