6.19 Shanghai Gold Exchange T+D Report

Basics:

The US stock market oscillated on Monday, and the major stock indexes closed mixed. The yield on Spanish 10-year government bonds rose to a new high in the euro era, and the result of the Greek election failed to appease market sentiment. The Dow Jones Industrial Average fell 25.35 points to close at 12741.82 points, a decrease of 0.20%; the Nasdaq Composite Index[1942.26-0.15%] rose 22.53 points to close at 2,893.33 points, or 0.78%; the S&P 500 Index rose 1.94 points. Point, to close at 1344.78 points, or 0.14%.

The Greek middle-right party, the New England Party, said today that it will work hard to establish a coalition government as soon as possible to support the country's acceptance of international aid. The New Party’s victory in yesterday’s election has eased market concerns about Greece’s exit from the euro zone.

In the US economic data, the National Association of Home Builders (NAHB) and Wells Fargo jointly announced that the index of home builders in June rose to 29 points. According to a Bloomberg survey, economists' average forecast for this is 29 points, the highest since May 2007. The May index reading was revised to 28 points.

Although the economic slowdown in the United States has improved, the market is still very concerned about the Federal Open Market Committee meeting held on Tuesday and Wednesday in the context of deteriorating economic growth prospects in Europe and China.

In the European market, international spot gold rebounded slightly and gold traded at around 1,623 U.S. dollars per ounce. Data released earlier showed that Spanish 10-year Treasury yields rose by 13 basis points to 7.05%; Italian 10-year Treasury yields rose by 14 basis points to 6.06%; Spain's April bank bad debt rate rose to 8.72% in March. It is 8.37%. After the news was announced, the market's risk aversion was once again heating up in the European market, and the golden hour chart showed three consecutive yang.

Technical side:

Gold:

Judging from the current disk, the current spot gold is rising along the previous support line and is stabilized on the 5-day moving average. It is expected that the price of gold will rise further in the day. The current G20 meeting on the 2nd and tomorrow and the Fed meeting on interest rates in the future will be another focus of market attention, and the degree of importance is far better than the Greek election. The operation suggested short-term high sell low in the range of 1610-1630.

Silver aspect:

International spot silver Monday European market refreshed as low as 28.31 US dollars / ounce, following the euro and other risk currencies declined. The dollar index rose to 81.79, close to the daily high; the euro against the dollar once again fell to a low of 1.2624, close to the day low, the dollar against the Canadian dollar also bottomed out to the vicinity of the day high.

Operation suggestion:

Gold T+D: More than a single profit has been played, wait and see, short-term operation around 1610-1630;

Silver T + D: more than a single light warehouse continued to hold.