The settlement price of gold futures contract for April delivery in Comex Branch of the New York Mercantile Exchange decreased by 63.30 USD to a 0-month low of 265,438 USD 65,438+0.506,5438 USD 0.00 per ounce, a decrease of 4.65,438+0%. Gold futures in dollar terms fell to the highest level since September 23, 201011,and the percentage decline reached the highest level since February 29, 201012.
When the price of gold drops by about 20% from its recent peak level, it is regarded as entering a bear market. Gold futures prices hit a high of $65,438+0,888.70 per ounce in August 2065,438+065,438+0, because the market was uneasy about the debt burden of the euro zone, and Standard & Poor's rating service company deprived the United States of its AAA rating.
The gold ETF data monitored on Monday (April 15) showed that as of last Friday (April 12), the total amount of major gold ETFs in the world was about 1, 7 13. 17 tons, a significant decrease of 22.86 tons compared with the previous trading day. Gold ETF-SPDRGoldTrust's gold holdings decreased by 22.86 tons to 1 158.56 tons last Friday (April 12).
It can be said that under the background that investment banks are bearish on gold and the rumors that the Bank of Cyprus may sell gold are rampant, it is not difficult to understand that investors may sell gold in such a pessimistic atmosphere. In addition, the decline itself may trigger a technical sell-off (leading to further price decline), and the above factors or * * * contributed to the full-scale crash last Friday and Monday.
From the monthly level, the international gold price moving average system is in a short position. All technical indicators point to shorts. The nearest support below the monthly international gold price line is near the June moving average 13 13 USD/oz.
At the weekly level, the K-line entity broke 1.560 USD/oz last week, which was the first time since 201.1. It is precisely because of this that investors are reminded to pay attention to the closing price of weekly K-line entities.
At present, the international gold price has fallen to around 1.480 USD/oz, and then fell by as much as 40 USD after breaking through the previous period 1.522 USD/oz, which is obviously an effective breakthrough.