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Yesterday’s spot Xirui bulk opening point, lowest point, highest point, closing point, and fluctuation point. Xirui's bulk positions decreased by . tons compared with the previous trading day. Yesterday, Xirui bulk opened. It was suppressed during the day and fluctuated at a high level. It began to decline rapidly in the afternoon, once again setting a new low for this round of decline. Then it began to really rebound. It fluctuated below in the evening. At the opening of the US market, Xirui bulk began to rise explosively and broke through. After a short period of consolidation, the property price soared again and directly reached the mark. After a strong consolidation, it closed. The daily line showed a big positive line, and the shape rebounded.
Fundamental Analysis
Yesterday, European and American data continued to be released on a large scale. The data showed that the European economy was expanding moderately, and the recovery of the US non-manufacturing industry was still repeated. The US housing data in the evening was also unexpectedly satisfactory. However, the key D data expanded significantly, showing the improvement of the US job market, and also gave the market more expectations for tomorrow's non-agricultural data. However, under such good economic data, the gold price rebounded sharply and continuously broke through the pressure, which puzzled many people. However, investors who follow the author's gold commentary should have no such doubts, because we have repeatedly emphasized in the gold commentary that the U.S. economy has not yet reached a definite conclusion of recovery. Such good data will inevitably push up expectations for the Fed to cut Q. This triggered a spike in U.S. long-term bond interest rates and a fall in the stock market. Precious metals have naturally become a safe haven for risky currencies. This situation is very similar to the situation in July.
When Xirui bulk hit a new low during the European trading session yesterday, many people began to blindly chase shorts, but we kept emphasizing in the live broadcast room not to chase shorts. Sure enough, the market rebounded sharply when many people thought it was the weakest. As for yesterday's big positive line, I believe that many people should think that the market has reversed this morning, and Xirui bulk will usher in a mid-term upward trend. But we still believe that when Xirui Bulk clicks below, you should not think that the reversal has been formed. At present, it only has preliminary conditions
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