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On Friday (June), as non-agricultural data strengthened expectations for a monthly interest rate hike by the Federal Reserve, spot gold fell for a time after the non-agricultural report was released. The U.S. dollar refreshed the intraday low to . After re-adjusting the position, gold rebounded sharply and refreshed the intraday high to USD/oz, with an intraday increase of nearly %. The market is closely watching the USD/Ounce mark, with many analysts saying the next key resistance is USD/Oz. The market opened basically flat on Monday, and is currently falling slightly to hover around the front line.

Fundamental Analysis

Data released by the U.S. Department of Labor on Friday showed that U.S. monthly non-farm employment increased by 0.000 million people, slightly lower than market expectations of an increase of 0.000 million people. , while the monthly unemployment rate remains at an annual low of .%. Data show that the U.S. monthly non-farm payroll employment increased by .00,000 people, which is expected to increase by .0,000 people, and the previous value increased by .0,000 people. The U.S. monthly unemployment rate increased by .%, which was expected to be .%, and the previous value was .%. The U.S. Department of Labor also revised monthly nonfarm payroll employment to an increase of 0.000 people.

At the same time, the monthly average hourly wage in the United States increased by .% on a monthly basis, and the previous value was unchanged. Additionally, the monthly average weekly hours worked in the United States was .h, compared with the forecast of .h, and the previous value was also .h. The U.S. monthly labor force participation rate was .%, compared with the previous value of .%.

In the case of unexpectedly weak employment data, challenger layoffs and other forward-looking indicators, the U.S. monthly non-farm payrolls fell modestly, but still remained above 10,000 people, indicating that the The country's job market is still strong enough to support the Federal Reserve raising interest rates. The U.S. Department of Labor pointed out in today's report that despite the moderate global economic growth prospects, judging from the continued hiring of U.S. companies so far this year, employers are optimistic about the demand outlook. The report also said that at the same time, solid employment growth will boost wages, thereby encouraging consumers to be more inclined to increase spending and provide more impetus for economic recovery.

Technical Analysis

Judging from the weekly chart, this week’s closing line has a long lower shadow. It is similar to last week’s hammer star. It can be said that it has bottomed out and rebounded again. The trend of the trend, the weekly chart shows that the Bollinger Bands are beginning to open, and are currently running below the lower track. All the hooks of the moving average system are neatly arranged downwards. The downward volume of the dead cross can increase, and there is a golden cross trend running at the bottom. The oversold zone is running parallel, and judging from the weekly chart, Zhengxin believes that there is still momentum to bottom out, and the bears are stronger. Judging from the daily chart, after consolidating and falling back on Monday this week, the following trading days have been one after another. After Thursday's news stimulated the bullish side, Friday will be linked to the Zhongyang Cross Star. Stand on the daily chart. It shows that the Bollinger Bands are closing, just as the fast line crosses the slow line and the upward golden cross energy is beginning to be released, it is an upward trend of the golden cross, and the daily trend is bullish.

Judging from the comprehensive news and trends, the data analysis on last Wednesday and Friday, as well as the non-agricultural data, were lower than expected. However, they did not stimulate the rise of gold prices, supporting the rise of the US dollar and suppressing gold prices. The main reason is that the data is not that bad, which continues to support expectations for a rate hike in September, and after the non-agricultural data stabilizes above, the market's expectations for an interest rate hike are even more firm. Although the price of gold rose strongly later, it was mainly due to the support of long contracts and the fall of the US dollar. For the later period, we are still cautiously optimistic about bullish range operations.

Operational Suggestions

. Monday will continue the trend of Friday and continue to fall back. It is recommended that you can still go short, stop loss at the top, and look at the target

. Go long when it falls back, stop loss at the target

Spot silver

Looking at the daily chart, except for last Monday, there was a negative column with a lower bottom. In addition, the overall trend is slightly upward. After the US non-farm employment data was released yesterday, it was also relatively strong. Although it was slightly lower than expected, the good momentum showed that the US labor market was stable. Then spot silver dived and then fell back in the US dollar and gold. Under the influence of the rise, silver also rose rapidly, momentarily touching the resistance level of the middle track of the Bollinger Bands and then finally falling back. Last Friday, the last positive column ended. Above Yu and He, the golden cross of the indicator in the attached picture continued to rise, and the red energy The column continues to grow slowly, and it also diverges upward. Looking at the weekly chart, spot silver ended this week with a cross star, starting from the shape of a line. Along with the three-week wide range of fluctuations, the silver price is still running below the Bollinger Bands, the upper moving average is still arranged in a downward divergence, and the indicators are dead. The fork continues to move downward, and the green energy column moves slightly.

Operation suggestions

. You can continue to go short on the first line, with stop loss at the top, and the target is set
. Go long, with stop loss at the top, and the target is set
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