Gold, Silver Recover Initial Drops, Post Gains on the Day after PCE data

Metals such as gold and silver are trading positive on Tuesday after recovering from initial losses. Investors are focusing on the two-day meeting in the Federal Reserve and economic data in the United States.

金价和白银等金属在周二从最初的跌势中恢复后走势良好。投资者关注的是美联储为期两天的会议以及美国的经济数据。

Metal traders are expecting a 25 bp cut by the FOMC, but what is now more interesting is any hint the Fed would be willing to give signaling more cuts in the second half of 2019.

金属交易商预计联邦公开市场委员会将削减25个基点，但现在是什么更有意思的是暗示美联储愿意在2019年下半年发出更多削减信号。

On the other hand, investors are also looking for Personal Outlines, including PCE price, income, and spending in the United States for June.

另一方面，投资者也在寻找个人大纲，包括PCE 6月美国的价格，收入和支出。

Core PCE Price Index rose 1.6% in June, below 1.7% expected by market but an acceleration from the revised down 1.5% posted in May. Personal Income rose 0.4% in line of expectations, and Spending increased by 0.3% in the same period.

6月份核心PCE价格指数上涨1.6％，低于市场预期的1.7％，但从修正后的1.5上升％于5月发布。个人收入按预期上升0.4％，同期支出增加0.3％。

Gold positive but it remains in a rangeXAUUSD daily chart July 30

黄金正面但仍保持在7月30日的XAUUSD日线图范围内

Gold recovered from initial losses, and it is now posting gains on the day. Market is focused on the two-day FOMC meeting starting today. A rate cut is already priced in the unit, but investors will be careful about possible new cuts hinted in the post-decision press conference.

黄金从最初的亏损中恢复过来，现在正在收益。市场关注的是今天开始的为期两天的FOMC会议。降息已经在单位中定价，但投资者会对决策后新闻发布会上可能出现的新削减措施保持谨慎。

Also, gold is affected by the US Dollar index, which unit jumped to fresh two-month highs at 98.20 earlier in the day, where it got a rejection that sent it back to 98.00; giving life to gold.

此外，黄金受美元影响该指数在当天早些时候触及新的两个月高位98.20，在那里被拒绝将其送回98.00;赋予黄金生命。

In this framework, XAU/USD is trading 0.10% positive on Tuesday with the unit moving at 1,430. It is the third positive day in a row as the unit is extending its recovery from July 25 lows at 1,410.

在此框架下，XAU / USD周二交投0.10％，单位为1,430。这是连续第三个积极的一天，因为该单位正在将其从7月25日的低点恢复到1,410点。

Technical conditions for XAU/USD remains weak, but some signals of recovery are starting to show up. If gold extends gains from current levels, it will find resistance at 1,400, 1,450, and finally 1,520.

XAU / USD的技术状况仍然疲弱，但一些恢复信号开始出现了。如果黄金从当前水平延续涨势，则会发现阻力位在1,400,1,450，最后是1,520。

To the downside, the 20-day moving average is containing the pair at 1,415. Below this level, check for supports at 1,410, 1,400 and 1,380.

下行方向，20日均线位于1,415点。 。低于这个水平，检查支撑位在1,410,1,400和1,380。

Silver consolidates levels above 16.40XAGUSD daily chart July 30

白银合并7月30日日线图16.40XAGUSD以上的水平

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Silver is trading slightly positive on Tuesday as the unit is leaving behind the 16.30 support that was testing in the last week. XAG/USD is now moving 0.05% positive at 16.45. Mostly horizontal movements.

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Technical studies are showing some overbought conditions that would make the metal hard to go up. However, the chart pattern is forming a bullish flag that the 16.60 area is containing.

技术研究显示一些超买条件会使金属难以上涨。然而，图表模式正在形成16.60区域所包含的看涨旗帜。

“With that in mind,” FX Empire analyst Christopher Lewis affirms that he believes “that the $16.00 level underneath is massive support as well, so Im looking for some type of pullback towards that area to get involved.”

“考虑到这一点，”FX Empire分析师克里斯托弗·刘易斯肯定他相信“16.00美元下面的水平也是大量的支持，所以我正在寻找某种类型的回撤来参与该区域。”

“That would represent value to me, and I would be more than willing to jump in and take advantage of set ups that form in that level,” he stated.

这对我来说是有价值的，我会他表示非常愿意跳入并利用在该级别形成的设置。

To the downside, the first support is at 16.30, then 16.20 and finally the mentioned 16.00 area. To the upside, 16.50 is the first level, then 16.60 and 16.80 are the prices to watch.

在不利方面，第一个支撑位是16.30，然后是16.20，最后提到的16.00区域。上行，16.50是第一个水平，然后16.60和16.80是值得关注的价格。