Gold Price Soars to Five-Year High, Silver Smashes Through Resistance

Gold Price/Silver Price, Analysis and Charts.

黄金价格/白银价格，分析和图表。

• Gold prints a fresh five-year high after dovish Fed policy.

  在温和的美联储政策之后，黄金创下新的五年高点。

• Silver breaks above the 200-day moving average.

  白银突破200日均线。

• DailyFX Q2 USD and Gold Forecasts and Top 2019 Trading Opportunities.

  DailyFX Q2美元和黄金预测以及2019年的顶级交易机会。

Gold on a Roll as Investors Eye Alternative Asset

随着投资者注意另类资产而成为黄金股票

Gold traded as high as $1,395/oz. late Wednesday – its highest level since March 2014 – after US Federal Reserve Chair Jerome Powell paved the way for interest rate cuts in 2019. The market has already ready fully priced-in a 0.25% rate cut at the July meeting with one and potentially two more cuts penciled in before the end of 2019. Gold is expected to perform strongly in the coming months as a weaker US dollar, falling bond yields and lower inflation expectations make the precious metal an attractive asset to hold.

US Dollar Sinks After June Fed Meeting Signals Potential Rate Cuts

6月美联储会议后美元下挫意味着潜在利率下调

Gold baulked at $1,400/oz. yesterday and has sold off back to its current level around $1,383/oz. Initial support is likely to be seen around the old April 2018 high around $1,365/oz. but yesterdays spike move needs to build more volume and find a base before the next move higher. The $1,400/oz. psychological level needs to be broken and closed above to open the way to the August 2013 high at $1,436/oz.

金价徘徊在1,400美元/盎司。昨天已经卖回到目前的水平约1,383美元/盎司。最初的支撑可能在2018年4月的高位附近看到约1,365美元/盎司。但昨天的飙升需要增加交易量并在下一步走高之前寻找基础。 1,400美元/盎司。心理水平需要突破并收于上方，以打开通往2013年8月高位1,436美元/盎司的方式。

How to Trade Gold: Top Gold Trading Strategies and Tips

如何交易黄金：顶级黄金交易策略和提示

Gold (XAU) Daily Price Chart (March 2018 – June 20, 2019)

金（XAU）每日价格表（2018年3月 - 2019年6月20日）

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IG Client Sentimentshows that retail traders are 56.5% net-long gold, a bearish contrarian indicator. Recent daily and weekly sentiment shifts however give us a stronger bearish contrarian trading bias.

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Silver Finally Breaks Resistance

银终于突破阻力

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After battling with resistance off the 200-day moving moving average over the last two months, silver followed gold sharply higher late Wednesday and not just broke higher, but more importantly closed above the 200-dma. To the upside a cluster of previous highs and the 38.2% Fibonacci retracement level between $15.55 and $15.64 while to the downside, the 200-dama now turns to support around $15.04 ahead of the 23.6% Fibonacci retracement at $1,492.

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Silver Daily Price Chart (May 2018 – June 20, 2019)

银价每日价格表（2018年5月 - 2019年6月20日）

The gold/silver ratio has turned lower overnight and now trades around 86.50, down from more than 90 at the start of the week.

黄金/白银比率隔夜走低，现在交易于86.50附近，低于本周初的90以上。

Trading the Gold-Silver Ratio: Strategies and Tips

交易黄金 - 白银比率：策略和提示

--- Written by Nick Cawley, Market Analyst

---市场分析师Nick Cawley撰写