Capstone Online CFD Trading Review: On the eve of Christmas, gold finally broke the 1480 mark.

 

2019-12-24 11:50      from:CAPSTONE    author:Jack

Capstone Online CFD Trading Review of yesterday:
 
Monday was the last full trading day before the Christmas holiday, and the overall market was light. Spot gold fluctuated from a low near $ 1477 within the day and finally broke through the $ 1480 mark, hitting a maximum of $ 14.860 / oz. Silver and platinum gained even more, with silver rising more than 1.5% to $ 17.44. The oil market was much calmer. The US oil intraday amplitude was less than US $ 1, and the cloth oil continued to hover near US $ 66. Both oils closed slightly higher.
 
In terms of foreign exchange, the euro was stable; the US dollar ignored the weak November durable goods orders data and performed stably. The US dollar was still well supported by higher US bond yields. The pound has fallen for five consecutive days, the longest decline since May, and the pound has fallen below 1.30 against the US dollar and refreshed its low since December 3. The New Zealand dollar has hit a new high since the end of July.
 
Capstone Online CFD Trading Today's analysis:
Capstone Online CFD Trading Review
 (Europe and the United States M30)
Europe and America:
 
As the euro zone's monetary policy has become increasingly difficult and the possibility of implementing fiscal stimulus measures is not great, there is still room for further upside for the euro. At present, the euro is still waiting for new news to advance, and more importantly, it needs to wait for the recovery of trading volume. The market will be closed ahead of Christmas Eve today. The fluctuations within the day will be kept in a narrow range. The upper pressure levels are 1.1100 and 1.1127, and the lower support levels are 1.1070 and 1.1054.
 
EUR / USD trading strategy:
 
Strategy 1: Do more on dips (14 points)
Entry: 1.1084 Stop Loss: 1.1070 Take Profit: 1.1098
Strategy 2: Go short (14 points)
Entry: 1.1070 Stop Loss: 1.1084 Take Profit: 1.1056
 
In terms of gold:
 
Today, Europe and the United States and other places will be closed, the gold volatility interval may be further narrowed. However, investors need to pay attention to the risk events that may occur during the Christmas season, and beware of gold gaps after the holiday opening. Recent strikes around the world have come one after another. The planners of these events seem to be trying to use "Christmas" to expand the influence of the incident, and geopolitical risks in the Middle East are also latent. The upper pressure levels are 1486 and 1493, and the lower support levels are 1482 and 1480.
 
Capstone Online CFD Trading Focus on the data today:
 
US Richmond Fed Manufacturing Index for December
Closed on Christmas Eve
 
[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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