Old Bao Releases the Eagle Again Weak operation of gold

goldaspect:

The recently released monthly rate of durable goods orders and consumer confidence index in the United States have performed well. US President Biden stated that the US economy is very strong and will not experience a recession. It seems to confirm Federal Reserve Chairman Powell's statement of further interest rate hikes, which will put pressure on gold prices in the short term.

The Federal Reserve and the European Central Bank continue to release signals of interest rate hikes, coupled with the possibility of the US Treasury continuing to issue bonds,10There is still a risk of a rise in the yield of one-year US Treasury bonds, which will also put pressure on gold prices in the short term.

Technical aspect: On the daily line, the previous trading day saw a slight downward trend and a smaller negative trend, indicating a weak short-term gold price. In terms of indicators, the market is at20Running below the daily moving average, showing a callback or not ending. Follow Above in the Day1924Under pressure from the US dollar, follow below1890One line support for the US dollar.