6th August 2013
GOLDLYTICS
Gold sold off in early trade this morning as investors looked to take some profits as summer trading provides little direction. The rally on Friday has fizzled out and like a moth to light the market dropped to the 1300.00 level. This key support level would have had a few stops sitting around it so when we hit that the level we had some decent follow through. It looks like 1280.00 and then 1250.00 are the next support levels with a settlement tonight under the 1300.00 handle adding to confirmation of the downtrend.
This market relies heavily on fundamental direction and as we saw on Friday it is particularly affected by economic data. The fact that we have in 2 days lost all of the gain tells me, once again, it was all pure speculation and this precious metal is still in a downtrend.
黄金分析
因夏季交易指引较少,投资者寻求提取一些获利,黄金价格早盘被抛售。周五黄金价格反弹,但最终失败,黄金价格像飞蛾扑火一样在市场上跌至1300.00价位。关键支撑位附近有较少交易,因此当黄金价格触及这一水平时,我们有一些小小的收益。看起来1280.00,然后是1250.00是接下来的支撑线,若今晚收盘价低于1300,则黄金价格的下行趋势会更加确定。
市场严重依赖于基本面指导,正如上周五我们看到经济数据对其的严重影响一样。事实是,过去两天里我们再次失去了所有收益,这是纯粹的投机行为,黄金价格仍然处于下跌趋势。