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【Night summary 】September 04,2020

Refresh time:2020-09-04

In the Asian market on Friday, spot gold tried to gain a foothold after falling for two consecutive days. It is currently trading at around 1940 US dollars. At the same time, silver is hovering around 27 US dollars.


In terms of the US dollar index, the US dollar closed up slightly after falling back yesterday, and is currently fluctuating within a narrow range around 92.80. Looking at the daily line, the MACD red kinetic energy column continues to expand, and the KDJ stochastic indicator attempts to break above the 50 level, indicating that the short-term bullish momentum is strengthened, or further volatile upward. In 4 hours, the rebound of the US dollar from the low of more than two years has slowed down, and it is currently wrapped around the 100-period moving average. The MACD red kinetic energy column gradually weakened, and the KDJ stochastic indicator tried to fall below the 50 level, indicating that the dollar’s bullish kinetic energy has slowed down and may be under further pressure in the short term.


In terms of spot gold, gold tried to gain a foothold after falling for two consecutive days on Friday, and is currently trading at around $1,940. On the daily line, the MACD green kinetic energy column is basically stable, and the KDJ stochastic indicator continues to hover around the 50 level, indicating that the bearish kinetic energy of gold is stable and may fluctuate further. In 4 hours, the price of gold tried to rebound after hitting a low of 1921 US dollars, paying attention to whether it can become a short-term low. The MACD green kinetic energy column gradually weakened, and the KDJ stochastic indicator tried to rebound from the oversold level, indicating that the bearish kinetic energy of gold has slowed down, and the short-term or further shocks may rise.


In terms of spot silver, silver hovered at a low level after falling for three consecutive days on Friday, and is currently trading at around US$26.85. On the daily line, the MACD green kinetic energy column turned to expand, and the KDJ stochastic indicator fell below the 50 level, indicating that the bearish kinetic energy of silver strengthened and the price may fluctuate further. In 4 hours, the continued downward momentum of the silver price stopped at 26.36. We are concerned about whether this support can be held. The MACD green kinetic energy column weakened slightly, and the KDJ stochastic indicator tried to rebound from the oversold level, indicating that the bearish kinetic energy of silver has weakened, and the short-term or further shocks may rise.


Spot gold:


Resistance: 1940, 1945, 1951 Support: 1933, 1928, 1922


Spot silver:


Resistance: 27.00, 27.30, 27.60 Support: 26.50, 26.20, 25.90