Abstract: The epidemic situation in the European Union and the United States is still rapidly deteriorating, which brings more risk sentiment to the market, escalation of risk aversion, and support for the precious metals market.

On November 18th, overnight, the economic data released by the United States was not good, the lowest level in six months. This shows that consumers have become more hesitant when the epidemic continues to intensify and there is a lack of new fiscal stimulus measures. The demand for insurance once increased. At the same time, the epidemic situation in the European Union and the United States is still rapidly deteriorating, which brings more risk sentiment to the market, escalation of risk aversion, and support for the precious metal market.

Yesterday, gold remained within the range of 1884-1893 for the whole day. It did not break its position until the end of the trading session, and it hit 1876 and started to rebound. The 1883-84 point is the gold long-short watershed that we have mentioned many times recently. The V-shaped reversal after the dive on Monday also accelerated its rise after breaking through 1883. Yesterday, the white market hit 1884 and bottomed out. After the break, there was an accelerated decline

On Tuesday, the market was not big. Gold as a whole fluctuated between the communities several times. Finally, there was a wave of decline at midnight. The 1889/1891 empty order did not wait for a lonely one, the lowest was 1876, and the empty order finally took profit at 1878. Friends who want to keep up with the operation can add WeChat fxgold678 to contact the early trading. Gold opened normally around 1880. Today, gold still shows a fish-belly volatility trend. The successful closing of the daily line has changed the strength of last week’s consecutive gains. Therefore, gold It is difficult to maintain a large upside and momentum under 1896, and continue to look at the relative low volatility.

Especially in the H4 cycle, Bollinger closed, and the moving average developed smoothly. There is no unilateral or strong or weak point. The range oscillates in 1876/1896. Therefore, as long as this range is not broken, gold can be kept high and low. In the early trading, gold is weak, or looking for the second strength of the midnight fall, and then look at the support of 1876. Therefore, there are many support points in 1876 during the day. The European and American trading is expected to be an outbreak period of gold bullish rises. The rise can be seen in 1890/1896, the daily crossover Receiving the sun, short-term accumulation and other unilateral big market.