9th July 2013
The whole move from Nonfarm Payrolls has been erased. Gold managed to hit a low of 1208 on Friday and closed at 1221.96. It had a $42 range on this day. In three trading sessions post NFP we have managed to move $39 to a high of 1260. The point I am trying to get at is the down moves are much more aggressive than the up moves. It seems to have a been a real battle to retrace to where we are and only buoyed on some ETF buying in Japan and profit taking from the Friday move. So the big question is “Where do we go from here?” I personally feel we trade sideways for the foreseeable until we get some further fundamentals that will either drive the precious metals market into the depths of sub 1000 or rally to the 1400 region. We are stuck in a weekly $77 trading range with a intraday range of $40 between 1220 - 1260 for now, so make the most of it while it lasts.
近日黄金上涨,自非农数据以来造成的黄金下跌已被抵消。周五黄金努力触及低点1208,收盘价为1221.96。当天黄金价格波动42美元。在非农数据三天来,黄金已上涨39美元,至高点1260。重点是黄金下跌趋势比上涨趋势更强烈。回溯到我们的立场和日本交易所交易基金提振以及市场从周五走势中获利抛售,看来这将是一场真正的战斗。所以现在最大的问题是“从现在的立场我们要怎么发展?”我个人认为在获得进一步推动黄金下跌到1000以下或者上涨至1400以上的因素之前市场应该是窄幅波动。我们陷在一周77美元的交易区间内,到目前为止,今天在1220美元和1260美元的40美元范围波动,因此我们应该充分利用目前的有利局势。