Quotes Review: Gold last week fell all the way from 1423 to 1353, drop down to 70 dollars, a long Yinxian weekly income, or down of the stock market is expected this week, but weaker than expected payrolls data on Friday, gold rebounded from the 1353 to 1370 near the daily close of a long line of shape under the shadow of the Cross, is expected to rebound today, there are some efforts.
Fundamental analysis: on Friday (7) U.S. payrolls release mixed data, the euro / dollar has experienced a huge shock, once again test a low, low and refresh 4 months . 12 U.S. non-farm employment rose adjusted increase of 10.3 million, less than the expected increase of 17.5 million. The U.S. unemployment rate of 9.4% in December, the highest in May 2009 to its lowest level. Fed Chairman Ben Bernanke said in congressional testimony, with the consumer and business spending growth is expected over the next 12 months, the pace of U.S. economic recovery will accelerate, although the pace down enough to the real unemployment rate. Recent comments remain optimistic about the U.S. economic outlook supported the view improved to boost the dollar stood the test of non-agricultural.
However, the corresponding euro area debt concerns has increased again. Swiss central bank said earlier, do not accept foreign currency bonds issued by Portugal, as collateral, the news increased European debt worries. This week in Germany, the Netherlands, Italy, Spain and Portugal will be a total of 200-220 million euros of bonds sold. Portugal speculation yields and borrowing costs or to compel the States to seek EU / IMF rescue loans.
the United States to improve the employment situation and the debt crisis intensified in Europe, access to investors in favor of the dollar, gold short-term pressure. But in the long run, Europe and the U.S. debt crisis loose monetary policy will continue to support gold prices.
Technical analysis: gold weekly income Zhang Yin, and 5, the moving average wear 10-day moving average and 20 day moving average, middle space potential basically established. But then there must be oversold bounce, short-term MACD KDJ and have a strong upward revision of demand, is expected to rally today, the main short-term, but beware of the suppression of resistance.
comprehensive analysis: China Gold extended network crash last week, analysts said gold, there will be a slight rebound this week, the center line and other short rebound rallies, have some short-term rally today.
Gold TD midline bearish, short-term look up the rebound, should range today to do a single operation, more than a single benefit to playing time, not more than greed.
Gold Support :293-291; gold resistance :296 - 298
silver was consistent with the gold, look up the short-term rebound in the midline to see empty, But the silver than the strong rebound in height may be slightly higher than gold.
silver support :6400-6350; silver resistance :6500 - 6550
do short-term operation of a single interval-based strategies to effectively stop the interval. Profit more than a single note played in time, not more than greed.
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