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First Gold Network Monthly News: First Gold Network Analysis It is believed that although Fed Chairman Yellen once again emphasized her confidence in the U.S. economy after announcing that she would not raise interest rates this month, and that she still hopes to raise interest rates once this year, the issue of interest rate hikes has come to an end after all, and the latest interest rate meeting will be held far away in May. . The U.S. presidential election that threatens the gold market is also two months away, which means that the focus of the gold market must shift in the near future.
Behind the skyrocketing gold price: Bulls should not take it lightly
In the early morning of Thursday Beijing time: The answer to the much-anticipated Federal Reserve interest rate decision was finally revealed. The result was as expected by the market. The Federal Reserve kept the interest rate decision unchanged, and the price of gold Boosted by this news, the US dollar rose violently and successfully broke through the US dollar mark. The price of gold D once refreshed the daily high to . However, behind the soaring price of gold, bulls cannot take it lightly.
, Gold demand falls, it’s too early for China’s mother-in-law to unwind
Statistics show that this year’s gold demand has dropped significantly compared with previous years. Rising prices are a big reason for suppressing demand. Analysts pointed out that the surge in gold prices this year has suppressed consumer demand, and domestic demand for gold jewelry and investment gold bars has dropped significantly compared with previous years. Although the price of gold is supported by the upward trend, Chinese aunts, who became famous because of the price of gold in 2008, may still face losses alone in the short term.
, Gold investment: Developing countries hold on to the lifeblood of the gold bull market
All along, the price of gold closed at a high level on Thursday with a positive line of upper and lower shadows. The upper part is currently suppressed by the upper Bollinger Band, and the current range is also It was a resistance range that a round of rebound had been trying to overcome but failed in the end. Then under the heavy pressure of the market, it started a correction trend for nearly eight trading days, and even once again approached the Qiansan mark. Therefore, whether it can effectively break through this range this time will also provide a basis for whether the market outlook will rise or fall, and how long it can rise. However, there are currently not many negative factors in the fundamentals that can suppress the sharp decline in gold prices, so Lao Xie Alchemy is still relatively optimistic about the recent rebound, and in terms of operations, he can also maintain his focus on long bargains. In terms of intraday market conditions, the market reached its highest level yesterday and then pulled back. The first line is also an important resistance level that needs attention during the day. At present, in the short term below, you can pay attention to the nearby support strength. If it touches the first line during the day, you can consider entering the long order. Secondly, the focus is on the support situation near the middle line of the daily Bollinger Band. In particular, it can currently be used as a rebound for this round. is a psychological barrier. If it falls below, it will indicate that the market may turn from strong to weak. On Friday, it is still recommended to watch more and act less, and maintain short positions through the weekend. I wish everyone a happy trading!
Buy a single point in the spot gold part
, go long when the bottom touches the first line, stop loss, target the first line
, go short when the top touches the first line again, stop loss, target the lower line
/> . If the upper line touches the first line, go short, stop loss, and target the lower line.
If the lower line hits the lower line, go long, stop loss, and target the lower line.
This has affected developing countries, especially China. One of the reasons for gold's resurgence as a monetary asset is that developing countries have become uneasy about overreliance on U.S. dollar reserves. Especially in China, the government seems to be adopting a strategy of using gold to counter the US dollar.
On Wednesday, the country’s second-lowest monthly sales total was revised down to 10,000. Month-on-month existing home sales were .%, expected to increase by .%, and the month-on-month decline was revised from .% to .%. In most parts of the country, a healthy labor market should generate continued demand for home purchases. However, after hitting a record high in March, existing home sales fell in most areas as inventory failed to build to curb home price growth and replace homes that were sold quickly. This is very concerning, as inventory conditions not only show no signs of improving, but have even worsened in recent months compared to a year ago.
However, data released by the U.S. Department of Labor on Thursday (July 2) showed that the U.S. had several months and days, hitting the lowest level in two months. It has been below the 10,000 mark for consecutive weeks, the longest consecutive period since the beginning of the year, indicating that the U.S. The labor market is strong, which may pave the way for the Federal Reserve to raise interest rates at the end of this year. In its overnight decision, the Federal Reserve announced that it would keep interest rates unchanged, but hinted that it would raise interest rates once this year. Currently, the market generally expects that the most likely time for an interest rate increase will be in March.
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