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The Overall Temporary Market Adjustment

Evening Gold Market ExpressThe Overall Temporary Market AdjustmentIndependent Analyst: Teacher LingDate: 5 June 2020Fundamental Analysis:On the four-hour chart, Bollinger Bands opening to expand downward trend is weak. The current rebound in gold prices is temporarily subject to pressure near the mid-rail system, and concerns about whether it can expand after consolidation. The weak commonality...

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The Soaring Data Might Annoy Trump Again, Gold Counterattacks and Closes Higher

Morning Review – First GoldThe Soaring Data Might Annoy Trump Again, Gold Counterattacks and Closes HigherIndependent Analyst: Teacher LiuDate: 5 June 2020Fundamental Analysis:China Paper Gold shows that the world's largest gold-listed exchange-traded fund (ETF) held 1,132.2 tons of positions as of June 4. Compared to the previous day, it has increased by 1.17 tons with a net increase of 9.06...

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Euro Gains Stronger Post-announcement of ECB: Better-than-Expected NFP to Push Euro Lower

Euro Gains Stronger Post-announcement of ECB: Better-than-Expected NFP to Push Euro LowerIndependent Analyst: Zhen QuanXiDate: 5 June 2020Yesterday, the European Central Bank (ECB) maintained its current interest rate as expected. However, the ECB announced that it expanded its Pandemic Emergency Purchase Programme (PEPP) from €600 billion to €1.35 billion. The ECB's decision to expand PEPP...

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EURUSD Extends Gains for 9th Consecutive Session

EURUSD Extends Gains for 9th Consecutive Session Independent Analyst: Thibault MoirezDate: 5 June 2020The EURUSD is extending its bullish run for a 9th consecutive session, currently up by 0.84 percent for the day. The pair has risen by 3.6 percent since the announcement of a European wide pandemic relief package by France and Germany on May 18th. The European Central Bank (ECB) initially...

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Gold Price Adjustment will Continue After Structural Damage

Evening Gold Market ExpressGold Price Adjustment will Continue After Structural DamageIndependent Analyst: Teacher LingDate: 4 June 2020Fundamental Analysis: On the four-hour chart, Bollinger Bands opening to expand downward trend is weak. The downward extension of the lower rail is beneficial to attract the current gold price inertial test. The weak commonality of the MACD volume energy value...

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