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Any chessboard brewing will become a unilateral disaster. The first three days of the week continued to decline since then, and then formed a slight rebound. Unfortunately, my analysis was right. I said above On Wednesday and Thursday, it was said that for spot investment to rebound, there must be a bottom-out process. The support is at the US dollar/ounce. Without a quick single-pin bottom bottom, the weak rebound cannot continue. As expected, asphalt fell to , the strong rise formed a reversal, and has now successfully stood above the US dollar/ounce. On Monday, the focus will be on whether the pressure on the US dollar position is broken by the rebound.
Due to the lack of important financial events and economic data last week, the spot investment market did not become quiet because of this, nor did it become dull because there was no news to promote it. Instead, it fluctuated strongly up and down, allowing us to make a lot of money. But major events will follow this week. The M meeting, non-farm payrolls report, European inflation and European and American D data will all become unstable factors that stir up the gold market.
A sneak peek of important data and events this week: In terms of central bank meetings, the Federal Reserve held a two-day meeting on Tuesday and the Bank of Japan held a monetary policy meeting on Wednesday. In terms of economic data, the US monthly non-farm payrolls data will be released on Friday, the UK will release first quarter D data on Tuesday, and the US D data will be released on Wednesday. Euro zone monthly inflation data will be released on Wednesday. Market investors have been paying close attention to whether the Federal Reserve can continue to reduce the size of its bond purchases by hundreds of millions.
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