Weekly

Recently, affected by the sharp drop in oil prices, the market was worried about the financial difficulties of oil companies, and the atmosphere in the big market turned pale. Although US stocks rebounded last night and ended two consecutive falls,

However, the demand for safe haven is still keen, with the US dollar and gold firmly supported.  The gold price has made a successful bottom, reaching above 1700 US dollars, and the future market will continue to rise.
 
The epidemic situation in Europe and the United States seems to have eased recently. Three American states have also announced measures to prevent epidemic and restart the economy. U.S. stocks can rebound.

However, the outlook is not necessarily optimistic.  The Spartan Securities Chief Economist even threatened that the US recession and recession were more severe than expected. Now it may be just the beginning of a series of crises.

Consumers have lost their willingness to spend in the past, so the rebound in U.S. stocks may peak in the short term.  U.S. dollars and gold have become safe havens for funds. Although the Federal Reserve and the Global Central Bank can keep printing silver paper to support the market,

However, gold cannot be "printed". Gold prices will benefit from this unlimited QE.
 
Technically, the gold price has broken through the consolidation accumulation area and re-passed the 1700 mark. Later on, the market will further test the 1740 mark high last week. The strategy is still carried out in a three-step and one-step way.

After breaking through 1750 psychological barrier, it is expected to hit 1800 level in the short term.
 
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