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what is Gold is on a tear? | Hasung

January 29, 2023

From the 1h cycle trend structure, gold rose in the early period, rose to around 1929.0 after being blocked down, and then maintain a concussive convergence trend. Yesterday again came to the region near the upper orbit, from the point of view of convergence, has been close to the end of convergence, this round of upward breakthrough probability, operation can focus on more single opportunity. According to the 1h period MACD index, DIFF line and DEA line are above the zero axis, indicating that the long-headed forces are on the strong side, but the red energy column is shortening and the short line may have a callback, day operation can wait for it to fall back to the MA60 moving average 1935.0 nearby can try more single. Day trading strategy: many single: 1935.0 around try to go long, stop 1930.0, target 1945.0,1955.0 around.


SILVER


From the 1h period trend structure, silver is currently in the shape of the rectangular finishing, the operation can be according to the oscillating trend of high-selling low-absorbing. Silver yesterday broke through the short-term pressure around 23.60, the future of a larger probability to the range of rail closer, the operation can focus on more single opportunities. According to the 1h period MACD index, DIFF line and DEA line are above the zero axis, indicating that the long-headed forces are on the strong side, but the red energy column is shortening and the short line may have a callback, day operation can wait for it to fall back to MA60 moving average 23.60 around can try more single. Day trading strategy: Multiple Orders: try to go long around 23.60, stop at 23.40, Target 23.95,24.15. The above point of view suggested, for reference only, does not represent the company's position, thus trading at your own risk. 3, news side: 1,19:00 CBI retail sales gap in January 2,21:30 US initial jobless claims in the week through January 213,21:30 us fourth quarter real GDP annualised rate 4,21:30 us fourth quarter real personal consumption expenditure annualised rate 5,21:30 us fourth quarter core PCE price index annualised rate 6,21:30 US December durable goods orders monthly rate 7,23:00 US December total new home sales annualised



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About Hasung

Shenzhen Hasung Precious Metals Equipment Co., Ltd. is a mechanical engineering company located in the south of China, in the beautiful and the most fastest economic growing city, Shenzhen. The company is a technological leader in the area of heating and casting equipment for the precious metals and new materials industry.  Our strong knowledge in vacuum casting technology further enables us to serve industrial customers to cast high-alloyed steel, high vacuum required platinum-rhodium alloy, gold and silver, etc. Our mission is to build the most innovative heating and casting equipment for precious metal manufacturing and gold jewellery industry, providing customers with the highest reliability in your daily operations and the best quality. We are acknowledged in the industry as a technology leader. What we're deserved to be proud is our vacuum and high vacuum technology is the best in China. Our equipment, manufactured in China, is made of highest-quality components, apply worldwide famous brands components such as Mitsubishi, Panasonic, SMC, Simens, Schneider, Omron, etc. Hasung has proudly served the precious metal casting & forming industry with vacuum pressure casting equipment, continuous casting machine, high vacuum continuous casting equipment, vacuum granulating equipment, induction melting furnaces, gold silver bullion vacuum casting machine, metal powder atomizing equipment, etc. Our R & D department is always working on developing casting and melting technologies to suit our ever changing industry for the New Materials industry, Aerospace, Gold Mining, Metal Minting Industry, Research laboratories, Rapid Prototyping, Jewellery, and Artistic Sculpture. We do provide precious metals solutions for customers. We uphold the principle of "integrity, quality,cooperation, win-win" business philosophy,committed to creating first-class products and services. We always believe that technology changes the future. We specialize in designing and developing custom finishing solutions. Committed to provide precious metal casting solutions, coin minting solution, platinum, gold and silver jewellery casting solution, bonding wire making solution, etc. Hasung is looking for partners and investors for precious metals to develop technological innovation bringing outstanding return on investment. We are a company who only makes high end quality equipment, we don't take price as priority, we take value for customers.


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