Gold was hit by the rapid decline of the three major US stock indices before the markets closed on Friday (20) and finally reached about $ 1,516 / oz. In the short term, the trend of gold has oscillated under the pressure of 1 500 USD / oz, but it remains optimistic about the future bull market, the megatrend should reach a new high.Last week, the US Federal Reserve (Fed) had further reduced its interest rates by 1 meter (0.25). %), but the dot matrix chart indicates that there will be no interest rate cuts at the end of the year and that the interest rate cuts in the committee have which caused a collapse of the gold market and a drop below $ 1,490 an ounce. Above the ounce, this also means that the Fed has the potential to continue rising, even if it does not weaken anymore.
On September 14, US President Trump approved the addition of US troops to strengthen the air defense capability in the region. Washington believes the attack was launched by Iran. US Secretary of State Pompeo said that the United States was resolved to avoid a military conflict with Iran. The increase in troops in the Persian Gulf region aims to deter and suppress to defend, which has led to increased tension in the international situation and increased demand for safe havens. .
Forex – Technical Analysis (Gold XAUUSD):
Gold today on foreign exchange (September 23) in the morning around 1513.6 US dollars / ounce, according to the technical analysis, the observation of the level at one o'clock is in line with last week's forecast (20th), the current K-bar has bridged the gap, but because The ups and downs are high risk, so there is a chance of remove the correction and then reassemble.
At present, the range of pressure above the short-term line is between US $ 1524 and US $ 1524.5 / oz, while the initial support range is US $ 1507-1507.5 / oz. ounce. The transaction mentality is generally short, investors wishing to enter the market for a short time may consider a price of 1511 USD. To purchase a light warehouse at $ 1513 / oz, the MT4 operating stop loss may be less than $ 1508.5 / oz.
Forex – Technical Analysis (EUR / USD EURUSD):
EUR / USD exchange rate of 23 September (23 September) Early in the morning, towards 1.10156, advanced technical analysis, observation of the observation level over one hour corresponds to the predictions of last Friday (20 ), and the pressure has been corrected, and the current depth has rebounded. As a result, there is a chance to rebound and then fall back.
Currently, the pressure range above the short-term line is between 1.10400 and 1.10450, in the downward direction, the initial support interval is 1.99900 to 1.09950 and the Operational mindset is mainly short term Investors who want to enter the market in the short term may consider buying between 1.10300 and 1.10330. It can be considered that the stop point of the MT4 operation is greater than 1.10400.
Forex – Technical Analysis (GBP / USD GBPUSD):
Pound sterling / US dollar exchange rate today (23 September) Early morning, around 1.25659, according to technical analysis, the trend of the observation at the level of the line of 1 hour is a fairly complete position for the long position, the high point continues to create highs, the lowest becomes higher and higher, there is the opportunity is raised after a slight correction.
At present, the pressure range above the short-term line is between 1.25850 and 1.25900. The initial support interval is 1.24550 to 1.24600. The operating mentality is generally short, but investors wanting to enter the market over a short period may consider buying positions between 1.24850 and 1.24900. It can be considered that the stop point of the MT4 operation is less than 1.24680.
Forex – Technical Analysis (NZD / USD NZDUSD):
Today's exchange rate NZD / USD (23 September) Early in the vicinity of 0.62638, after technical analysis, the trend of observation at line level over one hour remained short, you can therefore find that it has fallen below the lower level of the previous band, so that it is possible to go beyond the lowest level. After the rebound, the pressure has dropped.
At present, the pressure range above the short-term line is between 0.63000 and 0.63050. The initial support interval is 0.62500 to 0.62550. The exploitation mentality is essentially short-term. Investors who wish to enter the market in the short term may consider buying in a range from 0.62850 to 0.62890. It can be considered that the stop point of the MT4 operation is greater than 0.62930.
The key data of the day:
1. Initial value of the French manufacturing PMI in September
2. Initial value of the German manufacturing PMI for September
3. Initial value of manufacturing PMI for September of the euro area
4. Monthly rate of wholesale sales in Canada in July
5. Initial value of manufacturing PMI in September Markit in the United States
6. Initial value of the Markit Services PMI in the United States in September
For more details, look at Forex and MT4.