With the European Union (EU) diplomats said on Wednesday, EU governments have bans on Iranian oil imports reached a preliminary agreement, but whether the ban will be implemented has yet to discuss.
U.S. Department of Commerce (DOC) released data show that U.S. November factory orders increased 1.8% monthly rate is expected to increase 1.7%; October factory orders fell a revised 0.2% monthly rate, the former is down 0.4% .
close: 1610.90
EU governments ban on Iranian oil imports reached a preliminary consensus, driven by higher gold prices and oil prices rose, spot gold Wednesday (January 4) slightly higher. Spot gold hit a high of $ 1,618.40 / ounce, the lowest dropping to 1,592.24 U.S. dollars / ounce, closing at 1,612.80 U.S. dollars / ounce, the previous day EU governments ban on Iranian oil imports reached a preliminary consensus, driven by higher gold prices and oil prices rose, the cash Kim Wednesday (January 4) slightly higher. Spot gold hit a high of $ 1,618.40 / ounce, the lowest dropping to 1,592.24 U.S. dollars / ounce, closing at 1,612.80 U.S. dollars / ounce, the previous day to close at 1,604.50 U.S. dollars / ounce, up 8.30 U.S. dollars / ounce, or 0.52%.
operational recommendations:
world largest gold exchange-traded fund (ETF) – SPDR Gold
Yesterday Market Review:
technical:
accessories line in 1612 to do more , 1615 saw the first goal, breaking this point target can be an additional 3-5 points. Set a good stop. As crude oil prices rose gold, so today is a multi-based. If the price of gold under the broken 1615. Can Qingcang short, profit 3-5 points.
opening: 1603.20
maximum: 1618.48
Trust as of January 3 positions gold remained at 1,254.57 tonnes.
UBS AG (UBS) analyst Edel
Steel said the international trade of oil, 40% of transport through the Strait of Hormuz, the Straits blocked even if the probability is very low, will cause the price of oil substantial impact on the price of gold will> impact.
Let look on k-line, up and down yesterday with a lead graphic harvest of small Yang Xian, said both long and short of this form of fierce, multi-still have certain advantages, but the empty side of the force can not be discounted, as oil prices few days to drive up the price of gold rising, today market correction may have needs, so we mainly see in the 1593-1612 range, near the line if the price of gold reached 1593, then five times the average and macd from Canada can be determined at this time on the rsi is a strong buy signal, the next break 1593, we still have to multi-based, set a good stop, if the gold price reached near line 1612, investors can short wet storage as 22 times average resistance is not very likely to break through this point, short-term profits can profit 3-5 points open, the long-term profit makers do break through 1612 more profitable positions 5-8 points, all profit-oriented
According to the Spanish business daily (Expansion) quoted sources as saying the new Spanish government was considering applying for international assistance to achieve the financial sector restructuring.
1.5 comment on today gold investment gold, full interpretation
minimum: 1592.62
Banking Corporation (HSBC) analyst James
news side:
oil prices rose and drive gold prices
Change 0.47%
k chart yesterday with a harvest of small up and down the lead Yang Xian, said both long and short of this form of fierce, multi-still have certain advantages, but the strength of the short side discounted
Tully said: We in India on Tuesday compared with the average level of physical gold sales doubled. The key factor is not just the current market price of gold, but the Indian rupee exchange rate stability. Chinese market closed over New Year Day, the Shanghai Gold Exchange data show that the market favored gold.