Weekly

April 12 th
 
Today's volatility range:

The trend of gold price failed to break through $1,760 last Thursday, which really re-tested the support level of $1,746 above the box which had been consolidating for a long time, and closed at $1,743 below it last Friday.

Has returned to the box, there is no important data this week, and the price of gold will fluctuate between 1720 and 1740. Today, the proposed amplitude is between 1735 and 1748.

 
After Ant Financial was suspended from listing, Alibaba, Ma Yun's network giant, was punished by the state again. Alibaba, once a mainland technology giant proud of the Chinese government,

It achieved unprecedented success by innovating its business model in China, went abroad, and finally listed on NASDAQ in the United States, which is a successful model for mainland science enterprises.

Last week, China's State Administration of Market Supervision completed an anti-monopoly investigation against Alibaba Group, ruling that it was a monopolistic behavior to require merchants to "choose one from the other" for e-commerce platforms.

The fine exceeded RMB 18.2 billion, accounting for about 3.8% of its group's profit in 2020. This is the largest anti-monopoly fine ever imposed on the mainland. Alibaba issued a notice to customers and the public.

Show sincere acceptance and resolute obedience to punishment. Alibaba's share price has fallen by more than 40% since Ant Financial was stopped until last Friday. It seems that Ma Yun is less seen

The abbot manages the efficiency of the airplane in the way of managing trains! International concern about Sino-US relations, the US missile destroyer "Mastin" was near the Philippine Sea on the 4th of this month.

Walking side by side with the Chinese aircraft carrier "Liaoning Ship", it is reported that the two sides are so close that they can clearly see the ship number of the other aircraft carrier and the carrier-based aircraft on the deck. I hope both sides can exercise restraint,

Don't have the mentality that the brave wins when you meet in a narrow way. If you brush your gun, you will hate your mistakes. With the decline of epidemic situation and the implementation of vaccination program,

More economic data showed signs of recovery in developing countries, which was fully reflected in European and American stock markets last week. The three major European stock markets rose across the board in a week.

The DAX index in Frankfurt, Germany has reached a new high, rising 1.21%, and the CAC in Paris, France rose 1.46%; Britain's FTSE 100 Index rose by 3.08%. All three major indexes of US stocks also reported inflation.

Dow Jones Index and Standard & Poor's 500 Index both hit new highs in the income market, up 1.67% and 2.27% respectively; Nasdaq index rose 2.25%.

 
Last Thursday, the United States announced that the number of people applying for unemployment benefits for the first time unexpectedly rose, which caused the yield of US Treasury bonds to fall back to a two-week low. Gold benefited significantly in the market price.

However, the market noticed that the Federal Reserve Board was raising interest rates, and the trend failed to break through the resistance of 1760, which re-tested the support level of 1746 above the box that had been consolidating for a long time.

Last Friday, the highest price of gold was $1,757 per ounce, and the lowest price was $1,731 per ounce. It closed at $1,743 per ounce and fell by $12 every day.

It rose by $13 per week.

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