129742939251562500_428Review: last week, gold prices continued correction, lines cross star closed the week, up to 1737
aoc gold, minimum 1705, slightly high turbulence correction. Greece issues up in the air and the uncertainty of monetary policy shocks to prices slightly. On weekends there are some positive factors. China lowered reserve, the European Central Bank to relaxLTRO collateral standards, this makes the further easing of liquidity, will undoubtedly bring good for gold, currencies go loose in the environment will be the main cornerstone of the gold price upward.
But gold speciation at an important stage, DEA is subject to further energy savings, can break through this week, we'll see. Fundamentals: the people's Bank of ChinaOn Saturday announced that from February 24 financial institutions deposit reserve requirements by 0.5%.
By then, most of China's largest bank reserve ratio would fall to 20.5%. Greece Prime Minister on Saturday said Greece hopes of euro-zone Finance Ministers ' meeting on Monday concluded negotiations on the country's latest economic reform programmes. Expects the euro zoneMeeting of Finance Ministers would be approved by the European leaders agreed to with the IMF in October last year Greece financing options.
Greece, a senior government official said Greece hopes by March 8 issue debt Exchange proposal to creditors, and complete replacement on March 11. ECB Governing Council Member, Italy's Central Bank Governor, Vincenzo Visco said on Saturday, the European Central BankWider European banks to obtain the funding provided by the Central Bank collateral eligibility criteria, plus the long-term supply of liquidity funds is adequate, will facilitate more effective transmission of monetary policy.
A large number of euro-zone Central Bank has relaxed collateral requirements of Member States, so that long-term refinancing operation of the Bank from the European Central Bank to raise money. Euro group late Monday on GreeceImplementation of the second rescue plan, a series of decisions, it is about Greece whether face disorderly default key.
On euro-zone Finance Ministers meeting in Greece will strive to reach 130 billion euro rescue package, to avoid a disorderly default. Economic data: United States Washington Japan markets were closed 15:45 France in FebruaryINSEE index value before production prospects-37 France February 91 before technical INSEE business confidence index: daily on the k-line, on Monday after jumps-MarketWatch
tera gold, 1728 now becomes effectively support today, because today no United States, trading mainly in Asia and Europe, todayTo bargain on long train!
On the hour lines, concerns 17,391 Brin on rail line pressure.
On a 4 hour line, prices have been on the BOLLINGER BANDS track, pay close attention to the next cycle will continue to open the channel! Silver: skip empty advance came to 33.8 pressure again, pay close attention to 33.8-34 todaySuppressed
tsw gold, if a breakthrough is expected to accelerate the rise, target 351 lines!
TD: 351 near rose could be considered a single entry!
Operational recommendations: 1, radical 17,301 single admission targets 1738, stop loss below 1728. 2, robust 17,251 single admission targets 1735, stop-lossBelow the 1722.
17,481 3 and air entry of line can be considered a small amount, target 1738, stop 1751.
4, silver 33.5 small single-admission, goal 34.1, stop 33.2! Overall, although the international gold prices there fell on Friday, but rose in early trading today. Because at the time of the weekendThere were some positive factors. China cut deposit reserve, the European Central Bank to relax LTRO collateral standards, this makes the further easing of liquidity, will undoubtedly bring good for gold, currencies go loose in the environment will be the main cornerstone of the gold price upward. But gold speciation at an important stage, DEA is subject to further energy savings, investors bargain layout step by step.
