·
Fundamental plane
Last night, the two major data of the United States again bullied gold. First, the number of Americans applying for unemployment benefits at the beginning of last week declined, which indicates that the potential strength of the labor market should continue to support the economy.
Second, business activity in the United States accelerated to the highest level in more than two years in May, suggesting that economic growth picked up in the middle of the second quarter, again dampening expectations of interest rate cuts.
·
Technical aspects
This Monday, Gold price It broke out again, rising to 582 yuan at the highest, but then rebounded to the high point and then dived. Although it rebounded slightly at 572, it was still unable to break the high.
On Thursday and in the evening, under the double negative pressure of the hawkish meeting minutes and the US economic data, Shanghai Gold fell to around 551 yuan for three consecutive days.
Although gold lost its daily average yesterday and the daily line weakened, it is still the support position of weekly average here.
·
Operation suggestions at night
Go down 551 to long, break the target 567 and control the risk below 547.
·
Financial data at night
20: 30 Canada March retail sales monthly rate
21:35 Federal Reserve Governor Waller delivers a speech
22:00 The final value of the University of Michigan consumer confidence index in May
22:00 US May one-year inflation rate expectation
Note: The above suggestions are the personal judgment of analysts on the market, for reference only! Investment is risky and you should be cautious when entering the market!
Safe, fast and guaranteed futures account opening on Sina cooperation platform
Massive information, accurate interpretation, all in Sina Finance APP
