The so-called futures refers to futures contracts that are traded in yellow gold at a certain point in the future of the international market. The profit and loss of trading is measured by the gold price difference between entering the market and exiting the market. After the contract expires, it is the physical delivery.
In the near term, the focus will shift to the Fed’s next FOMC meeting on January 28-29 for clues on the direction of policy under the new leadership.
After yesterday’s break down on the short – term in the early position of the gathering point stay and a small rebound signs.
Yesterday, the lowest price of gold futures near 1235, the short – term rebound is weak, so the general idea to go short.
At present, the international gold futures price below today focuses on the support near 1234, if the fall broke, will continue to test the support near 1227 mentioned many times before.
If the strength of the decline, then need to focus on 1218-1220, 1213-1211 two positions of support.
Above today’s international gold futures need to focus on resistance is 1250, 1255 around the two positions.
In the 4th hour, after three waves of upsurge, there is a pause now. In the short term, it is tested near the finishing low of the last wave of upsurge. If this line breaks, it is possible to continue to test the next finishing low in the 4th hour, that is, near 1218.
International gold futures two difficult more, after the market mo on the rise.
The above is about the “today’s international gold futures” related introduction