First, the exchange rate of the US dollar is low.

The price of gold is calculated in dollars. If the exchange rate of the US dollar falls, it is equivalent to the depreciation of the US dollar and the rise of the price of gold. This is the universal law of the gold market. Dollar appreciation, gold price decline, dollar decline, gold price rise.

Second, oil prices have gone up.

Oil price is closely related to gold price. As the price of oil rises, so will the price of gold. Therefore, when oil prices rise, market investors will be more willing to invest in gold, which will further push up the price of gold.

Third, the market demand has increased.

In recent years, the demand for gold in the international market has greatly increased, especially in emerging markets. The large demand for gold stimulated the gold market, leading to an increase in the price of gold.

Fourth, the price of gold in the country of origin of commodities has risen.

The most fundamental reason is that the gold price of gold supply will be the same as that of the whole market.

Fifth, the national demand to prevent inflation.

Since ancient times, gold has always been an important means to prevent war and economic inflation. No matter which country, gold is a hard currency that is not affected by social system and economic environment. The state can appropriately raise the price of gold according to the need of preventing inflation.

Sixth, political turmoil and war will stimulate the price of gold to rise.

International political turmoil and frequent wars will lead to a sharp decline in gold production and supply in the gold market, thus pushing up the price of gold. Therefore, in wartime, investors like to invest in gold and wait for the supply of gold to drop sharply, so as to raise the price of gold and increase the value of gold in their hands.

Analysis of future gold price trend: gold opened at 2027 USD/oz the day before yesterday. Unilateral decline after opening 128 USD, with the lowest 190 1 USD. The daily line closes the Dayang line horizontally. After the gold rose, there were three negative sides in succession, and they appeared in the form of straw shredders, which further showed the shortage of trading volume. The gold price broke through the short-term moving average, running in the range of ma20-ma30, and the high volatility index deviated downward. What needs to be considered now is whether gold has reached its peak. My point is that if gold does not rebound strongly, it will probably accelerate its decline.

The high position of gold in 2047 formed a downward ABC wave trend, while the decline of C wave was far more than twice that of A wave, and the short position was large, so it is very likely that there will be a downward trend of five waves in the market outlook. Today, the rebound of the resistance level above gold first focuses on the resistance level of USD 1935, and then on the resistance level of 1950. Below the support level, this position pays attention to 1 1,900 USD first, followed by 1 1,873 USD. On the whole, Mo Qianji thinks that today's operation mainly considers the short rebound, with 1935- 1950 USD/oz above and 1872- 1823 USD/oz below.

Gold fluctuates a lot, and the market often meets our expectations, which is also caused by the difference between high and low prices and the previous profit selling! At the same time, the positive signal of the vaccine has also reduced the risk aversion to freezing point. The key point for gold to break this position is that the decline after watery is certain. Gold slipped directly from the top of the mountain to the bottom of the mountain yesterday. Only by persisting can we know the splendor of empty orders.