Gold Price Analysis: Sitting on Support, Will it Hold？

Gold Price Analysis, News and Pivot Points.

黄金价格分析，新闻和枢轴点。

• Gold remains weak and sits on 61.8% Fibonacci retracement.

  黄金仍然疲弱，位于61.8 ％斐波那契回撤。

• US Treasury yields pick-up boosting the US dollar.

  美国国债收益率回升提振美元。

DailyFX Gold Landing Page – Prices, Charts, Analysis and Real-Time News

DailyFX黄金登陆页面 - 价格，图表，分析和实时新闻

Gold continues to remain at multi-day lows and is straddling a strong technical level that needs to hold if the precious metal is to re-coup any of its recent losses. The precious metal is currently trading around $1,286.5/oz. just a tick below the 61.8% Fibonacci retracement level at $1,287/oz. of the April – August 2018 sell-off. There are also various horizontal support levels between $1,276/oz. and $1,285/oz. which may slow down any further sell-off. Below here the 50% Fibonacci retracement at $1,262.8/oz. and the 200-day moving average currently at $1,251/oz.

黄金继续维持在多日低点，跨越强大的技术水平如果贵金属要重新发动任何最近的损失，这需要持有。贵金属目前的交易价约为1,286.5美元/盎司。只需低于61.8％斐波拉契回撤位，即1,287美元/盎司。 2018年4月至8月的抛售。还有各种水平支撑位在1,276美元/盎司之间。和1,285美元/盎司。这可能会减缓任何进一步的抛售。下方50％斐波那契回撤位于1,262.8美元/盎司。目前的200日均线为1,251美元/盎司。

The chart is looking oversold in the short-term with the CCI indicator around -138 which may provide some support in the next few days. To the upside, $1,300/oz. ahead of $1,302/0z and $1,308/oz. the 20- and 50-day moving averages.

该图表在短期内看起来超卖，CCI指标在-138附近可能会提供一些支撑。接下来的几天。上涨至1,300美元/盎司。领先于$ 1,302 / 0z和$ 1,308 / oz。 20天和50天的移动平均线。

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There are various US economic releases over the next few days which will steer the US dollar, and with-it gold, finishing with the latest US Labour Report (NFP) on Friday. US Treasury yields have started to pick-up this week, after slumping to, or near, multi-month lows last week and Fridays jobs and wages report will be watched closely to see if the jobs growth can continue.

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US Dollar Weekly Technical Outlook; USD Starting to Look Exhausted.

美元每周技术展望;美元开始疲惫不堪。

How to Trade Gold: Top Gold Trading Strategies and Tips.

如何交易黄金：顶级黄金交易策略和提示。

Gold Chart Daily Time Frame (April 2018 – April 2, 2019)

黄金图表每日时间框架（ 2018年4月 - 2019年4月2日）

IG Client Sentiment shows that retail traders are heavily net-long of Gold, a bearish contrarian indicator.

IG客户情绪显示零售交易商净多头黄金一个看跌的逆势指标。

--- Written by Nick Cawley, Market Analyst

---市场分析师Nick Cawley撰写