Gold plunged 2% today, also because of the optimism of the financial markets, that the crisis in the banking system is lifted, obviously I do not think so, the banking sector blew up two rings, there are no other mines? As long as it is under the existing financial environment, there must be other victims! The trend of gold today and the broader market is almost the exact opposite, wait until the market is back in risk aversion mode again, gold will perform again, the current financial environment can be put on the mine can be more la. Gold stocks today went very very weak, GDXJ today's decline of more than 4%, it is clear that some of the funds in the market that the crisis lifted, gold top, run first, but I think this is an opportunity to build a position, after the Fed meeting I think gold will be strong: if the Fed turns dovish, monetary policy easing, the probability of gold will repeat the historical performance of the Fed release and soaring; even if The Fed remains hawkish, then the fragile financial system of the United States will give the market a surprise at any time, the importance of gold at this time will be highlighted, so the low position in gold stocks will be my strategy. Technically, gold retraced 38.2% of this round of gains, near 1938 is its short term strong support, the final trend or look at tomorrow's Fed policy it.
That's all for today's analysis. Your attention is the biggest motivation for my daily progress. If you have any questions or questions about the stock market, please add a friend to my private message to ask, I am Amy, thank you for your support.
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