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Gold bulls counterattacked yesterday, and the first line of short positions in the Asian market opened with shock and downwards, and the entire continental market was basically at the bottom In the meantime, the fluctuation range was also smaller. After the opening of the US market in the evening, the bears once tested downward but failed, and then turned upward to break through the intraday pressure and the suppression of the intraday high, and finally hit the upper limit. After opening in early trading this morning, it stabilized and surged higher again. It currently breaks through the first line and is near the highest impact. Short-term gold is stronger! As for the mid-term trend, whether it is the weekly or daily line, our bearish view remains unchanged. Yesterday's rise has changed the bearish thinking, but the space for bulls to rebound is gradually increasing. The top focus is on the non-agricultural decline line. And strong pressure at the pass.
After the non-agricultural data, with the market unanimously optimistic about the US dollar and strong expectations for interest rate hikes, bulls were poured cold water yesterday. Data showed that U.S. non-agricultural productivity unexpectedly fell by .% year-on-year in the second quarter. The market has once again realized that U.S. economic growth is not as good as expected, and expectations of interest rate hikes have been weakened. In fact, raising interest rates is an old trick played by the United States. If you take it seriously, you will lose! When you have a preliminary understanding of the fact that the United States is a hollowed-out industry and % of people are engaged in the financial industry and live by borrowing money from abroad, you will definitely conclude that the financial empire of the United States will be in crisis and collapse rapidly in the near future. You will also understand why it wants to contain China and cause trouble around China. At the same time, you will become more confident and proud of China's growing strength