The annualized quarterly rate of US GDP in the first quarter was significantly lower than expected, recording the lowest growth rate since Q1 last year. The core PCE price index of the United States rose 2.8% annually in March, higher than the 2.7% expected by the market, indicating that inflation pressure remains. Fed Goolsbee: After a series of higher than expected inflation data, the dream of interest rate reduction is fading away, and the Fed must "readjust" its policy.
Recently, the bullish market of gold rose unilaterally, and finally broke the historical high to around 2430, which was blocked. Then, the gold market collapsed and fell back to around 2290 to be supported. However, the decline has not been continued. The 2300 level has been successfully held, but has ushered in a shock and slow rise, indicating that there is still a lot of buying support below. The next day, Brother Bin's bullish thinking was perfect. More than 2324 were deployed early in the morning, which was a successful harvest of 2337 targets; Later, more than 2331 people in the evening layout were also safe, and 2338 people were successfully harvested and eliminated, up to 2346.
At present, gold has maintained a volatile upward trend. The short-term upward channel has remained intact. The low point of the pullback is slowly moving upward, and bullish sentiment is also recovering. In the short term, it basically stays in the range of 2320 - 2350 for back and forth shocks, and the competition between air and air is fierce. Today is the last day of April. It depends on whether the end of the month line can make the direction clear. In operation, we should first keep the idea of callback and bullish. After all, it is in a volatile upward trend. Step back and focus on the support near 2330, which is the support point of the upward trend channel; The pressure near 2345 and the key point of 2354 are concerned above.
4.30 Gold strategy: more near 1-2328, stop loss 2323, target 2337-2345
Empty near 2 -- 2350, stop loss 2355, target 2342-2335
Silver also rose in the bull market recently, reaching a peak near the historical high of 30, and then repeatedly hit the 29 pass, which was blocked and fell sharply. At present, the daily high level is poised to fall, and the signal of peak is clear. However, the current downward trend has not been extended, and the low level oscillation will be carried out after reaching around 26.6. Today, we will focus on the support at the 27th pass. If we succeed in breaking below the 27th pass, the decline is expected to continue. We will focus on the pressure near 27.6, and the rebound can be empty.
Pressure: 27.5-27.7 Support: 27-26.6
Technical analysis of crude oil: crude oil rebounded and closed higher last week. Hold the 80.60 low point consolidation and correction. The daily continuous star K line consolidation does not show the continuity of strength for the time being. The K line shape is a shock style that matches the exchange of yin and yang. There is no strong unilateral trend for the time being, and the shock correction is in the process of preparation. 4-hour figure sawing is the main style of last week. It will continue until this week. Shrink in space. The strength of the K line structure is uncertain on one side, accompanied by repeated downward exploration and recovery, but there is no sustained momentum for the rise. The step by step walk method is used to switch back and forth. The typical shuffling and sawing market is operated in the form of an intraday ultra short line. On the whole, Li Jinkai suggested that the crude oil operation today should mainly step back to the low, supplemented by rebounding to the high. The top should pay attention to 84.0-84.5 line of resistance in the short term, and the bottom should pay attention to 81.5-81.0 line of support in the short term.
