Jinrong China: The US vaccine may be implemented or difficult to solve employment difficulties, and gold prices have surged without any results, maintaining a volatile trend

Market Review:
  internationalgoldMonday（8month24Japan's volatility closed lower, opening price1940.98dollar/Ounces, highest price1961.57dollar/Ounces, lowest price1927.53dollar/Ounces, closing price1930.09dollar/ounce.
Message surface:
  Federal Reserve official Barkin stated that young people in the United States may face long-term employment difficulties as direct customer facing jobs such as restaurants and service industries may not be able to recover from the pandemic. He urged increased retraining of the US workforce. He emphasized that even with vaccines or specific drugs, service departments such as retail, catering, and entertainment that have face-to-face contact with customers seem likely to continue to reduce production capacity, indicating that these job opportunities will continue to decrease.
According to the report, local time8month24The COVID-19 vaccine project, which is jointly participated by Lazio, the Ministry of Health, universities and scientific research departments in Italy, began its phase I clinical trial in the hospital of the National Institute of Infectious Diseases in Rome, the capital of Italy, on March 1. According to local media reports, the first batch of vaccination volunteers90People.24On the morning of the th, a person from Rome50A year old woman received the vaccine as the first volunteer. The medical institution will conduct a period of time for her12Observe Zhou to understand the side effects of the vaccine and the production of antibodies after injection. Francesco Vaya, the head of health at the Italian National Institute of Infectious Diseases Hospital, told the media that if the vaccine trial is successfully completed within this year, it is expected that2021It was put into production in the spring of this year.
According to analysis by Dow Securities, the current market focus is on Powell's keynote speech at the Jackson Hall seminar on Thursday. We anticipate that Powell will actually announce the evaluation results of the monetary policy framework in advance, suggesting the formal adoption of the average inflation target system. The Federal Reserve adjusted the forward guidance and clearly proposed to let inflation rise to2%The above practices may provide support for the price of precious metals. Although such a statement is by no means a groundbreaking measure, it is worth noting that its effectiveness has not been fully demonstrated. It is expected that this statement will re promote the flow of funds into precious metals. Silver remains our preferred precious metal due to its clear positioning, rising industrial demand, eventual rebound in investment demand, and tight inventory.
German commercial bank analysis shows that gold prices are rapidly rising to8At the beginning of the month, consolidation can also begin fromETFFrom investors' wait-and-see attitude, it can be seen that if they are affected byETFDriven by demand, gold prices may struggle to rise further.
according toCMEFederal Reserve Observation: The Federal Reserve9Monthly interest rate maintained at0%-0.25%The probability of the interval is100%Interest rate hike25Bps to0.25%-0.50%The probability of the interval is0%；11Monthly interest rate maintained at0%-0.25%The probability of the interval is100%Interest rate hike25The probability of a basis point is0%。
Today's Focus
14:00 Germany Q2 not seasonally adjustedGDPAnnual rate final value
16:00 Germany8monthIFOBusiness Prosperity Index
18:00 britain8monthCBIRetail sales difference
21:00 U.S.A6monthFHFAMonthly rate of housing price index
21:00 U.S.A6month20Annual rate of housing price index in major cities
22:00 U.S.A7Annualized total monthly sales of new homes
22:00 U.S.A8Monthly Conference Chamber Consumer Confidence Index
22:00 U.S.A8Monthly Richmond Fed Manufacturing Index
Technical aspect:




International gold closed down in a volatile manner on Monday, and the gold price opened at1940On the first line, gold prices remain short-term during Asian trading hours1930-1936Narrow range consolidation, entering afternoon trading, as gold prices expand in the European market, short-term gains gradually stabilize1943-1950Organize intervals. Gold prices form a short-term trend before the opening of the US market1950The first line pressure level was sideways, and the gold price accelerated to rise in the short term at the beginning of the US market, reaching its highest point1061Form a short-term high point after the first lineVType reversal, with gold prices continuing to decline during US trading hours, hitting their lowest point early Tuesday morning1923Short term maintenance after the first line1923Upward oscillation maintained. The daily line recorded a negative line, and the current gold price has not yet broken free from the pressure level price range supported by the daily technical indicators. The overall daily moving average shows a cohesive contraction pattern, and the short-term gold price still maintains a slightly volatile trend without showing significant momentum to shake off. The short-term range change still faces the pressure level price impact supported by the technical indicators. The four hour line shows that the current gold price is below the pressure level of technical indicators, and the gold price will step back for four hours on Monday40The pressure level of technical indicators on the daily moving average shows a relatively positive impact on the price, and the short-term gold price is affected by the pressure level of technical indicators1961The first line of decline is maintained, and the short-term rebound may still face the effective impact of technical indicator pressure level prices. Be cautious in maintaining a biased range operation approach during the day.
Daily operating range:
  Multiple orders:
radical1916Frontline participation, stop loss3-5Point, profit target1921upper
steady1892Frontline participation, stop loss3-5Point, profit target1898upper
  Empty order:
radical1934Frontline participation, stop loss3-5Point, profit target1928Below
steady1944Frontline participation, stop loss3-5Point, profit target1938Below
The implementation of the US vaccine may make it difficult to overcome employment difficulties, and gold prices have surged without any results, with a tendency to maintain volatility. It is prudent to maintain a bearish range during the day