The gold market last week: the international gold London gold closed sharply, and the physical column with almost no upper and lower shadows showed a strong fall.

On the trend, the price of gold since Opened at the beginning of the week at 1877.26 The US dollar per ounce was under pressure in the early stage due to the Fed’s eagle expectations, and then the Fed’s decision to surprise the eagle impacted the world. The dot plot predicted two interest rate hikes in 2023, which pushed the US dollar to a high for several months and suppressed it. The price of gold continued to plummet down until Thursday;

Although there was a rebound at the end of the week, under technical pressure and after the Federal Reserve Brad indicated that it might be suitable to raise interest rates next year, it once again assisted the dollar index to rise sharply, rising to 92.40 intraday, recording the biggest weekly gain in 14 months. Make the price of gold start down again, and record a new low point again Week low 1761.57 USD, but also Closed at 1761.86 Dollars, Weekly amplitude of 116.14 US dollars, closed down 115.4 US dollars, a decline of 6.15%. The biggest weekly decline in more than a year. For more specific trend causality, check the weekly review article.

Looking forward to the opening of this week on Monday (June 21): After the international gold opened at US$1,765.69 per ounce, the trend stopped falling and rebounded. Although it rushed higher and then fell sharply last Friday, the inverted vertical line was charged in the continuous decline of the market, which usually means the end of the decline. The next market rises Probability Larger, so it also produced a certain bullish expectation. In addition, technically, it is currently near the support of the 50% retracement line of the 1451-2075 upward trend, and it has not effectively broken below, so it also has a certain supporting effect.

On the whole, the technology is expected to rebound, but it has not shown strong buying demand. Fundamentally, SPDR gold holdings increased by 11.07 tons on Friday, which also shows that large institutions still have not lost confidence in gold. Variant strains raging in the UK may bring some hedging demand to the gold market, but there is still greater negative pressure because the Fed’s strong eagle view is still shrouded in the market.

If the following speeches and economic data show stable performance this week, they may be dispelled, and the gold price will return to the bullish market with high inflation expectations. Therefore, this week’s economic data and speeches will be the focus. Whether the bulls can be bullish again depends on the further development of this week’s trends and fundamentals;

In terms of economic data this week (June 21-25), there will be economic data such as the Markit PMI data in June in Europe and America, the monthly rate of durable goods orders in the United States in May, and the PCE in May in the United States as an inflation indicator;

Focus The core personal consumer price PCE index is expected to drop slightly from 3.1% in April to 2.9% in May. Stronger-than-expected personal consumption expenditure inflation may allow the US dollar to continue to outperform its competitors and depress gold prices, and vice versa.

In terms of events, there will be speeches by many Fed officials headed by Fed Chairman Powell and the Bank of England’s interest rate decision. Market attention is relatively high, and investors need to plan ahead.

Focus See if the Fed is prepared to adopt any new wording on the reduction of debt purchases, and whether he will try to change some tough stances. If the view surrounding the reduction of debt purchases actually started in September instead of December, the dollar may rise further, and vice versa. For more details, check the weekly review article or the economic calendar.

In terms of point of view, Zhang Yaoxi believes that: Last week, the Fed’s policy outlook suddenly reversed strongly, bringing the first interest rate hike forward to 2023, which triggered a sharp drop in the price of gold. But the trend response of gold is also a bit overdone,

At the end of last week, St. Louis Fed President Brad’s remarks further boosted the US dollar, making it difficult for gold to regain lost ground, but it also added that inflation was more serious than expected. Therefore, after the market has calmed down and re-understood that inflation is not only temporary, in the current environment of high growth and high inflation, according to the time point of the Fed’s interest rate hike proposal, it will not be implemented for at least 18 months.

Therefore, after a bit of weakness, the price of gold will rearrange and rise. At the same time, U.S. bond yields are also in a continuous bearish trend. Although the current support for the price of gold is relatively small, the price of gold has risen and fallen at the same time this year, but in the medium and long-term general trend, it will still return to the normal reverse impact. Will once again support the price of gold to rise;

Looking back at the historical market, the price of gold rarely fell more than one hundred dollars in consecutive weeks, and it was on top of the bull market trend since the previous year. Therefore, the further technical target is the 100-week moving average or the continuation of this wave of decline. Location. So this week, we will focus on this position, the double bottom support in March, and the 100-week moving average support. If you touch this, you can see the rebound first. If you fall below, make another plan. Specific ideas and operations are subject to actual warehouse information.

Technically: Weekly level: Since the close of the physical big Yin column last week, the price of gold is currently near the closing downside of the bullish cloud layer, which is near the 50% retracement line, showing support and rebound. However, the indicators KDJ and MACD in the attached drawings have shown strong performance. Bearish signals, so this rebound is expected to be difficult to sustain, or there is a risk of further decline.

The rebound from the top will focus on whether the mid-rail and the 30-week moving average can break through and remain stable. If it touches it during the week, it can go short first. .

Daily level, The price of gold has fallen sharply since last week, and is currently rebounding near the 50% retracement line touched, suggesting that the market’s negative impact on last week has weakened. In addition, the short signals of KDJ and MACD indicators in the attached photos have begun to weaken. The overall situation is also in a sharply oversold position, so there will be continuous sharp rebounds at any time, and there will also be room and strength for rebounds in the day. The initial resistance above focuses on the 100-day moving average and the 5-day moving average. In addition to no positive factors, it is expected that the rebound will fall again when it hits it. If it breaks through, it will be bullish at US$1820 or even US$1835.

International Gold: Follow below 1763 Support near the dollar, and 1755 Near the US dollar; follow above 1779 Initial resistance near the U.S. dollar, and 1794 US Yuan near.

Silver TD: Follow above 5380 Yuan/kg, and 5420 Resistance near RMB/kg; follow below 5200 Yuan/kg, and 5120 Yuan/kg support.

Note:

Gold TD = (International Gold Price x Exchange Rate)/31.1035

International gold fluctuates by 1 US dollar, and gold TD fluctuates by about 0.22 yuan (in theory).

US gold futures price = London spot price × (1 + gold swap interest rate × futures maturity days / 365)

Make bold predictions and trade with caution. The above opinions and analysis only represent the author’s personal thoughts, and are for reference only and not as a basis for trading. According to this operation, the profits and losses are at your own risk.

Essential Books for Fundamentals of Gold Investment: “Play and Earn Gold Investment Transactions”

Primate’s “Kingdom” Phong Nha – Ke Bang National Park in Quang Binh is known the world over with the title “Kingdom of Caves” because there are hundreds of caves with fanciful beauty and hidden mysteries and surprises. is discovered. Not only that, this place is also known as “Primate Paradise” because it has the highest number of primate species and density in Vietnam. Notably, the whole Vietnam has 24 primate subspecies, here there are 10 species and subspecies living, lasting with time and is identified as the place with the highest diversity of primates in the National Parks. In which, there are 3 globally endangered primate species: the white-necked langur, the brown-shanked douc langur and the white-cheeked gibbon. When coming to any limestone mountains in Phong Nha – Ke Bang, many people are surprised because if they can’t meet monkeys, it is easy to admire the splendid beauty of the brown-shanked douc, or heard the sacred song calling the herd of siki gibbons. The forests: Hung Dang, Hung Lau, Tro Mong… are frequent spots of brown-shanked douc and white-necked langurs. While the white-necked langur often occurs in the Tro Mong area, many people have found that the brown-shanked douc is abundant in Hung Dang. Mr. Le Thuc Dinh, Director of the Center for Rescue – Conservation and Biological Development of Phong Nha – Ke Bang National Park, said that every day when “surveying” or patrolling, officials in the National Park easily encounter douc paws. brown with the number of about 3 herds, each group about 15 individuals. The brown-shanked douc with its brightly colored fur, is considered by the World Wide Fund for Nature (WWF) as the “queen” in the primate world. Meanwhile, in the U Bo forest area, located on the West branch of Ho Chi Minh Road, is the largest population of siki gibbons (local people call it song gibbons) in Vietnam. Here, scientists and rangers recorded about 41 herds of siki with hundreds of individuals. According to Mr. Dinh, in this National Park, there are many primate species belonging to rare goods, such as: loris family, there are large loris, small loris; monkey family, there are pig-tailed monkeys, moldy monkeys, yellow monkeys, red-faced monkeys, jet-black langurs, white-necked langurs, brown-shanked douc langurs; and the gibbon family has the white-cheeked gibbon… According to research documents with unspecified statistics, the white-necked langur alone is estimated to have about 700 individuals; brown-shanked douc, estimated at over 500 individuals. White-necked langur in the area of ​​​​Doi mountain in Phong Nha – Ke Bang National Park Primates are being cared for, rescued and conserved in Phong Nha – Ke Bang National Park The place to save primates With the rarity, especially there are rumors about the miraculous value of monkeys and apes, so primates in Phong Nha – Ke Bang National Park always face a great threat from hunting and trafficking. The illegal sale of wild animals makes the officials and experts working here very hard in the work of protection, conservation and prevention. Center for Rescue, Conservation and Biological Development of Phong Nha – Ke Bang National Park, where many officials are working every day to rescue and nurture dozens of precious and rare primates in danger of extinction, like : brown-shanked douc langur, red-eyed monkey, white-cheeked gibbon… The center is located on the banks of the Son River, where it has a mild climate and an abundant food source for rescued primates. Busy preparing lunch for a red-faced monkey, Pham Kim Vuong – Head of the Wildlife Rescue Department, said that this monkey was very pitiful, previously being hunted by a group of people into the forest. Thanks to the forest ranger’s discovery, this monkey was saved. However, his spirit was panicking, his body was injured due to being entangled in an animal trap, fortunately thanks to the careful care of the brothers in the rescue department, his health is now stable and ready to return to the natural environment. Veterinarian Le Ngoc Anh, deputy director of this center, said that wildlife rescue activities have been carried out since its establishment in 2001. However, the rescue infrastructure is still very poor at this time. temporary, there is no animal rescue area, so the rescue only focuses on a few endangered species. From 2015 to now, the unit has received nearly 600 wild animals; The rescue success rate is nearly 90%. Currently, the center is continuing to nurture and rescue dozens of wild animals. “The care is not simple, it’s hard work, sometimes in the face of danger,” said veterinarian Le Ngoc Anh. Develop a conservation strategy lược Mr. Pham Hong Thai, Director of Phong Nha – Ke Bang National Park Management Board, said that the unit has developed action programs on wildlife protection and conservation; endangered, precious and rare forest fauna and flora to meet the requirements of conservation according to the actual situation. From 2015 to now, people have been propagated to be more conscious and responsible in handing over wild animals for conservation, including rare primates: pig-tailed macaques, golden monkeys, monkeys Coc, small loris, border mountain turtle, Ha Tinh langur… In addition, in order to contribute to the good implementation of wildlife conservation, the National Park has also signed a regulation on coordination with the provincial border guards, forest rangers and authorities of 7 buffer zone communes to prevent the transportation of forest products. illegal; Sign a commitment not to violate regulations on forest protection, not to trade, trade or consume wild animals for households, restaurants in the buffer zone communes and mining and trading units. travel…

In Vietnam, Dima traveled from North to South, living with indigenous people of many different ethnicities. The beautiful images of destinations such as Ho Chi Minh City, Hanoi, Can Tho, Quang Binh, Lao Cai… are valuable additions to this Ukrainian photographer’s travel photography collection. Dima concluded, the best way to explore Vietnam is through the locals. In Can Tho, he had the best photos when watching the river life of the people here. Dima is amazed as the locals cook, raise their children and maintain their daily life on the river. “Look at these kids, they grew up in one of the most beautiful places in the world, but most have never been on land. Every day, children bathe in cool water and enjoy life. When communicating. With the local people, I am fascinated by the traditions that are always preserved,” said Dima. Dima spent a few days in the mountain villages of Sapa, where he met many Hmong people. To overcome communication difficulties, Dima revealed that Vietnamese people are usually very open-minded, so he can somewhat understand other people’s attitudes towards him by observing their facial expressions. Despite the language barrier, Dima was warmly received as a family guest. “Here the Black Hmong and the Red Dao live close to each other but have different languages. They lead an idyllic life in the highlands, the women do handicrafts and the men farm. Their villages are picturesque. , with terraced fields and surrounding mountains,” said Dima. Going to Hanoi, Dima still keeps a habit of following the pace of life of the locals. He is surprised that people in the capital get up very early and like to start their day with morning exercise. Outside of Hanoi, Dima has explored Ha Long Bay, which he describes as having “unbelievably beautiful scenery” where visitors can go boating, relax on the beach and enjoy seafood caught by local fishermen. . This photographer also did not forget to visit caves in Phong Nha – Ke Bang National Park in Quang Binh and Hoi An ancient town in Quang Nam. Dima Gilitukha commented, Vietnam is a convenient place to travel. Even a less experienced traveler on a tight budget can experience the culture and nature of Vietnam. There’s also plenty of affordable accommodations and affordable street food here, too. It is not difficult to navigate in Vietnam, a good transportation system gives visitors access to many cities and tourist attractions. Sleeper cars are also very comfortable vehicles.