Pressure test results boost the gold market outlook remains bearish euro

Friday released the final of Europe's banks stress test results, among the 91 banks have failed to pass seven organizations, the European Banking Regulatory Commission, the stress test, seven banks need to add capital to 3.8 billion euros (4.5 billion dollars), although the test results before the publication of the rigor of its testing and the credibility of the doubt by the market, but in the Friday market, or to give a positive response, the euro-dollar exchange rate once to 1.41000, the highest since 5 months a new high. This IG Markets senior market analyst Dan - Cook (Dan Cook) said: Indeed, many analysts to question the credibility of this test, but on the other hand the test results are positive, the pressure of the test and If the results do not necessarily have a "big pressure", the test scenario set by the strict degree one knew, there was no breach of contract issues in the debt entirely gone too far, now our view is that this is just a the possibility of tests does not need to insist so that the results become less extreme serious. Meanwhile Barclays Capital (Barclays Capital) analyst Qi Su - Cooper (Suki Cooper) in a research note: the European Bank of pressure recovery test results for the euro will play a very positive role.


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Standard gold: gold price volatility is difficult to get out of Yang Qi Ming: The dollar index continued to go down this week or Yihe: gold market outlook remains bearish Hengtai Chase: 1200 mid-term long and short boundaries Hanson: news mixed gold surface pressure of hot money mad comparable to several times the gold speculation Huanglong Yu sum up the results speak for or welcomed this attitude, according to latest data provided by FactSet three major European stock index futures contracts higher, while the Friday Gold fall to 0.7% lower, the New York International registered asset management division team (CPM Group) commodities analysts said: a reversal of the trend of gold is mainly affected by profit-taking, and the stock market and currency movements in recent weeks the global stabilization of gold down and weighed up.

Technical aspects: Gold opened higher in early 1188 and then up near the top probe to 1191.70, gold is currently in the process upside 5 average, 10 above the average bull in the 11195 check up, day RSI indicator line maintained at low , MACD indicator is still no sign of recovery, the gold top of the test are expected early 1195 near the bottom of the support for 1187-1185.