Ms.陈 
当前我在线
当前我在线 金融从业十余载，精通现货、期货与外汇，欢迎咨询！
Price action in gold remains relatively muted at the start of the Trading week compared to the large moves seen in the previous month. The precious metal is up 0.20 percent at the time of writing.
The US dollar has been inching steadily higher in the past three sessions. The dollar index (DXY) is close to testing its monthly high of 97.80 after a series of failed attempts to cross over its 50-day moving average. Gains in the DXY may be attributed to the strong US housing figures released last Friday, boosting investor's optimism in the greenback. Generally speaking, gold prices tend to move in the opposite direction to the US dollar.
However geopolitical tensions in the Middle East have risen once again after a missile attack in Yemen over the weekend. Furthermore, recent developments in the Libyan civil war have also increased the appeal of safe-haven assets such as gold. As uncertainty brews over the outcome of these conflicts, gold prices will remain supported in the short run.
From a technical perspective, gold is testing its 2-week highs of 1,563. The overall pattern remains bullish as prices continue to move up in the ascending pitchfork channel, albeit very slightly. Traders will now have to observe carefully the reaction around the immediate resistANCe of 1,563. Should the price manage to clear firmly above it, we can expect bulls to attempt a push upwards to the 1,575 level. On the flip side, support can be found at the 1,553 marks, with stronger support at 1,535, corresponding to last weeks low. The RSI is hovering close to oversold levels, suggesting a downward correction is on the table in the near term.
(Chart Source: Tradingview 20.01.2020)
Looking ahead, investors will be closely paying attention to the four central bank meetings this week for an indication of the risk sentiment, and in turn direction for gold prices. The central banks of the EU, Japan, Canada, and China are expected to deliver their interest rate decisions this week.
Disclaimer: This material has been created for information purposes only. All views expressed in this document are my own and do not necessarily represent the opinions of any entity.
本文标题：GOLDWELL：Daily Market Recap - Gold Shrugs Off USD Strength
本文链接：https://www.91pjz.com/guanyu/jys/6653.html
免责声明：文章不代表91联合立场，不构成任何投资建议，谨防风险。
版权声明：本文来源于91联合网站，转载请注明出处！侵权必究！
返回首页
