HENYEP Investment: The market continues to digest Brexit Gold continues to climb 1330

Gold

this week, concerns over Brexit have continued to play a role in the market, especially after the downgrade of the UK's sovereign credit rating agency, which shows the former rating the UK fromAaalowered toAa, and downgraded the outlook to negative. The latter will be rated byaa+downgrade toAa. and a number of institutions have downgraded the UKGdpgrowth, Goldman Sachs will be the UK's two-yearGdpThe growth estimates were2%and the1.8%lowered to1.5%and the0.2%. This led to the pound falling to31year-Low, European and American bank shares tumbled, risk aversion is still pervasive, investors flocked to safe haven assets, prompting safe haven gold rebound for the third consecutive day, the highest on more than two years high1335.25, and eventually regain1330integer off. In contrast, however, the gains have diminished. In the short term, market risk aversion may continue to prop up gold, and gold will not be worried about the Fed's expectations of higher interest rates, as referendum's plan to raise interest rates two times this year may be shelved, but investors should not be complacent. Focus on the United States todayGdp, inflation and housing data. Expected US first quarterGdpthe final value of the annualized peace minus index will be1%and the0.6%, the strength of the data will indirectly lead to the gold price. The latest developments on Brexit are also important to be ignored.

Technical specifications from overbought level to fall, but still located above the midline. The 20SMA maintains a strong bullish slope below the current price, suggesting a limited downtrend.

key resistance:1335.20/1342.60/1356.30

key support:1318.20/1306.80/1296.30

Today's recommendation:

hour Figure 1310 near concussion higher, currently maintained at high level concussion. 4 -hour chart technical indicators finishing Ultra buy level, no turn-down signal. The gold price kept above the moving average. The high is located in 1.335.56, as the break will confirm the new rally. Days suggested in 1312 first light warehouse long, stop loss is located under 1300, see 1335, and then see 1342.

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Silver

silver in the concussion in the investment from the near two-month high-down slightly, the lowest under the 17.56, close to 17.73. In addition, the continued rebound in the dollar index has also exacerbated the decline in silver prices. Today, Asia's early plate of silver continued to shock down to 17.65 near. Day-to-day attention to the performance of U.S. economic data and the ECB Draghi and other executives of the bank spoke.

Technology, although the overnight has fallen, but the lower shadow line is longer, and still maintain in the rebound high, may be the strength of the correction is limited.

key resistance:18.00/18.50/19.00

key support:17.00/16.75/16.00

Today's recommendation:

hourly chart shocks fell to the 17.65 line , but maintained at the top of the threshold may still have upward tendency. the 4- hour chart is still in the upward trend since the 15.95 line. Days recommended in 17.45 near the Light warehouse long, stop loss is located under 17.25, first look at 18.00, and then see 18.50.

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Copper

after a Friday plunge, in Monday, copper rebounded to a partial decline in the previous day as investors were short-recovered from copper, which continued to rebound sharply to the nearby daily average (2.155 line) in early Asia . With the end of the British referendum, investors have shifted their focus to copper fundamentals, especially in China, the country's largest consumer country, which will provide clues to future copper demand in Friday. Focus today on the dollar and oil price performance.

technical side, bouncing back to the nearest daily average, if you can climb that level will open up further upward space.

key resistance:2.220/2.300/2.350

key support:2.100/2.030/2.000

Today's recommendation:

hourly Figure 2.1110 is supported by a strong rebound, the short-term EMA system upward divergence. 4- hour chart The bottom picks up fast and the stochastic indicator suggests there may be further increases. Days suggested in 2.130 line long , stop loss is located under 2.100, first look at 2.220, and then see 2.300.

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HENYEP Investment: The market continues to digest Brexit Gold continues to climb 1330