2014/1/8 Gold & Silver Analyses
Gold:
Eurostat data released on Tuesday displayed, the consumer price index (CPI) of euro zone on December is less than the expected 0.9%.The Eurozone faces the risk of inflation further falling again.
Improvement of U.S. trade balance boosts the dollar but suppresses precious metals. The ADP national employment report in December and the Fed's December meeting minutes on Friday, will lead to hot spots again. MMI GROUP Trust Fund Team thinks the downward trend is full and still do bear market at 1267.80. Focus on 1212.70 line in the day, if stabilize above the line, can consider light storehouse and more single to participate.
Upside resistance: 1233 / 1252 / 1267.80
Downside support: 1219 / 1212.70
Silver:
Silver is still running in tank shock, short thinking below 20.50, if effectively breakthrough the bottom of tank, then the downward space open further. Non-farm in this week may make silver have a more positive performance.
Upside resistance: 20.50 / 20.90
Downside support: 19.35 / 18.70
This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.
Gold:
Eurostat data released on Tuesday displayed, the consumer price index (CPI) of euro zone on December is less than the expected 0.9%.The Eurozone faces the risk of inflation further falling again.
Improvement of U.S. trade balance boosts the dollar but suppresses precious metals. The ADP national employment report in December and the Fed's December meeting minutes on Friday, will lead to hot spots again. MMI GROUP Trust Fund Team thinks the downward trend is full and still do bear market at 1267.80. Focus on 1212.70 line in the day, if stabilize above the line, can consider light storehouse and more single to participate.
Upside resistance: 1233 / 1252 / 1267.80
Downside support: 1219 / 1212.70
Silver:
Silver is still running in tank shock, short thinking below 20.50, if effectively breakthrough the bottom of tank, then the downward space open further. Non-farm in this week may make silver have a more positive performance.
Upside resistance: 20.50 / 20.90
Downside support: 19.35 / 18.70
This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.