Gold has fallen below the rising trend line

Yesterday, the market was overshadowed by a long-term market. The German ZEW data was better than expected and the bond auction results of several European countries were quite good, giving the Euro a certain amount of support. However, the focus of the market is still the Greek debt problem. It was originally scheduled. The euro zone finance ministers' meeting on Wednesday was downgraded to a conference call. The Euro Group’s Juncker confirmed the news. From the macro fundamentals, if Greece wants assistance, it must provide the EU with all the political parties in the country. The written commitment to continue the reforms after the election, in addition to the need for a more austere agreement to complete the EU's additional 325 billion euros austerity targets, and Greece is currently beginning to action, so if this conference call wants to make a substantial breakthrough, may Sex is almost zero, coupled with the sudden loss of U.S. Moody’s at the beginning of this week, and negative outlook for many countries in the euro area. Therefore, non-US varieties will remain at a disadvantage for some time to come. The reflexive callback is a matter of time.

Technically, we can see from the gold chart on the spot gold day that gold has fallen below the uptrend line, that is, it has shifted from an uptrend to a horizontal oscillating trend with an oscillating range of 1704-1763 USD/oz. The direction will be chosen within the range. From the above fundamental news, the future gold will develop downwards. The main resistance within days will be around 1740 US dollars/ounce, and the main support will be near 1,704 US dollars/ounce. The key points are singled and followed by a stop loss. The extent of the stop loss depends on the individual's principal and position.

Silver is currently in a similar trend with gold, and its trend has fallen below the uptrend line. From the uptrend, it has already entered a horizontal turbulence. The range is near 32.98-34.5 US dollars per ounce. There will be a downside in the future. The main resistance in the day is 34 US dollars. Near the ounce, the main support is near the 33.2 US dollars / ounce, ask investors to make a single point in the key position, and follow-up stop loss, the extent of stop loss is based on the individual's principal and positions may be.

Gold ETF lighten up 0.39 tons on February 14th. As of February 14th, its net position was 1278.26 tons. On the 14th of February, the silver ETF reduced its position by 42.31 tons. As of February 14, its net position was 9658.22 tons.