European Debt Crisis Dominates Market &Nbsp; Gold Shocks Rise.

The focus of the market is on the establishment of a new Greek government, and then the debt crisis in Italy, and then to France was rumored to downgrade, a series of risk events lingered around the euro area, the dollar was rising, gold with the ups and downs of the dollar and shock intensified.

Spot gold opened 1753.15 U.S. dollars / ounce, the highest intraday 1802.63 U.S. dollars / ounce, the lowest exploration of 1735.45 U.S. dollars / ounce, closing at 1787.68 U.S. dollars / ounce, or 1.83%.

Outlook this week

The European debt crisis will continue to dominate the market, and the Fed officials will make speeches one after another.

It is estimated that spot gold is fundamentally affected by the fundamentals, and the enthusiasm of gold is reduced by the risk aversion.

Technical analysis, this week is expected to shake up, gold spot support level 1750-1720 U.S. dollars / ounce, resistance level of 1820-1840 U.S. dollars / ounce.