Capstone Online CFD Trading Review: Gold was hit by a large single to close the 1470 mark
2019-12-19 11:38 from：CAPSTONE author：Jack
Capstone Online CFD Trading Review of yesterday:On Wednesday, risk sentiment was active. Gold was hit by a large $ 1 billion order in the three minutes of 19: 35-19: 37. The price of gold fell short-term and stayed close to the $ 1470 mark. The impeachment vote in the US session stimulated demand for risk aversion The spot gold eventually recovered to around $ 1475. Silver fell below the $ 17 mark and failed to regain lost ground during the US session. The oil market also saw huge purchase and sales orders. Due to the decline in EIA inventory, the two oil companies rose slightly. WTI crude oil futures saw a trading volume of US $ 2 billion within 3 minutes after the data was released. US oil once rose above the US $ 61 mark. Back above the $ 66 mark.
In terms of foreign exchange, the US dollar continued to rebound, and the US dollar index climbed from a low near 97.2 to 97.49. The euro closed slightly lower; the pound continued its decline yesterday, with the pound declining from a minimum of 1.31 to a low of 1.3060 within the day. Another currency, the Canadian dollar, performed brilliantly. The US dollar once fell to 1.3114 against the Canadian dollar, hitting a seven-week low.
Capstone Online CFD Trading Today's analysis:
(Europe and the United States M30)
Europe and America:
Yesterday's Eurozone data was relatively mild, and Lagarde's speech was not new. The euro continued to fall under pressure. Today's Eurozone data is relatively light, focusing on the release of relevant US data at night. If the data is good, it will further suppress the euro below the 1.1100 mark. During the day, the upper pressure levels are 1.1135 and 1.1166, and the lower support levels are 1.1100 and 1.1053. Short-term short orders below the pressure level are the main ones.
EUR / USD trading strategy:
Strategy 1: Go short on rallies (20 points)
Entry: 1.1115 Stop Loss: 1.1135 Take Profit: 1.1095
Strategy 2: Go long and go long (20 points)
Entry: 1.1135 Stop Loss: 1.1115 Take Profit: 1.1155
In terms of gold:
Yesterday, the gold market suffered a large single hit, and gold fell short-term. However, during the US session, the price of gold rebounded and returned to around $ 1475, which was almost the same as the previous two days' closing prices. Earlier analysis pointed out that gold formed strong support at $ 1,475. Today the United States will release a number of economic data, including the monthly rate of leading indicators of the Consultative Council in November, the U.S. third quarter current account, and the U.S. Philadelphia Fed manufacturing index in December. . Technically, gold's first resistance is at $ 1485, and the second resistance is at the December high of $ 1491.6; the first support is considered to be at $ 1470 and the second support is at $ 1463.00.
Capstone Online CFD Trading Focus on the data today:
BOJ announces interest rate resolution
Monthly rate of retail sales in the UK after seasonal adjustment in November
Bank of England Announces Interest Rate Resolution, Minutes of Meetings
Number of U.S. unemployment claims (10,000 people)
U.S. November Consultative Council Leading Indicator Month Rate
Annualized U.S. existing home sales in November (10,000 households)
[Capstone Online CFD Trading Disclaimer]:
This analysis and trading strategy is an objective description of the current market trend. Investors need to strictly follow the trend, light positions, and stop losses! Orders cannot be completely based on trading strategies, only for reference!
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