A chorus of cheers When it's even more dangerous

goldaspect:

U.S.A7Monthly non farm report shows an increase in employment18.7Ten thousand people, less than expected and expected, recorded2020year12The smallest increase since the beginning of the month. Although the United States7The monthly non farm report was not as bright as expected, but the market generally expects that the US economy will have increasing opportunities to achieve a soft landing. For example, JPMorgan Chase, which had previously "assumed" that the US economy would enter a recession this year, has now officially abandoned this view.

Previously, the market continued to be optimistic about the US economy, which fell short of expectations7After the monthly non farm report, the market's "bullish" sentiment towards the US economy has become even higher. Now, it is time for investment banks to abandon the "idea" of economic recession and instead invest in a wave of optimism. As the saying goes, if heaven wants it to perish, he must first make it crazy. Imagine that the yield of two-year and 10-year treasury bond bonds of the United States has been inverted for a long time, and the degree has not eased.

More often, believe in logic, not miracles.

Technically, gold has been consistently negative in the past two weeks, although the cumulative decline is not significant, the momentum is not correct. The daily chart is even more unsightly,55The daily moving average effectively breaks through, and if bulls cannot recover as soon as possible this week, the possibility of a subsequent downward trend will become increasingly high.

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