Analysis of gold next week: Rising or falling?

As an important risk shellfish asset, gold has always attracted much attention.Investors often eagerly look forward to predicting future trends in order to make wise investment decisions.In the next article, we will analyze the trend of gold next week and discuss its possible surge and fall.

Global Economic Situation Impact

The global economic situation is one of the important factors affecting the fluctuation of gold price.Recently, with the gradual recovery of many countries around the world and the ease of trade tensions, market risk appetite has improved.This may cause some investors to reduce the demand for insurance assets such as gold, so that its price is facing downward pressure.

Geopolical risk factors

In addition to the economic situation, geopolitical risks will also affect gold prices.The current international situation is still unstable, and various geopolitical events occur from time to time.If a new round of geopolitical crisis or tensions intensify, the market risk aversion may increase and promote the rise in gold prices.

US dollar exchange rate change

The US dollar exchange rate is another factor that directly affects gold price fluctuations.Under normal circumstances, the strengthening of the US dollar will cause other currencies to depreciate relatively. In this case, it usually boosters the categories of regrets, including valuables such as silver, crickets, platinum, etc.There is a demand for the local currency (USD), which leads to a higher level of interest rates. Therefore, the price of gold is suppressed; on the contrary, when the US dollar is weak, it is conducive to boosting the value of non -US currency and commodity demand, and pushing the value of physical categories, and then supports support.Or push the value of the product of the banknote category. Therefore, it is necessary to pay close attention to the changes in the exchange rate of the US dollar when it forecasts the future of yellow GOLD.

Technical analysis

In terms of technical perspective

RSI indicator: The R SI indicator is in the area below 50 indicates that the market is in a short state of affairs.

BOLL Bollinger: The Boll Bollinger shows that the current market is located in the position of Bollinger, indicating that the current market is relatively stable.

M A moving average: M A moving average Display 10 -day moving average has been weakened from top to bottom to poverty over 20 days and 30 days.

Through the above technical indicators, we can see that the recent GOLD walking care overall shows signs of mold and weakness.

Based on the above analysis, we think

1. Specific conclusion