Trump made a false alarm by firing an empty cannon! GDPData to GoldVType reversal

  　International Information


Yesterday, after the results of the European Central Bank's monetary policy meeting were announced, the US dollar strengthened again and gold prices fell back1230Below the level, both bulls and bears engaged in another battle at this level, and gold prices continued to consolidate. Ceasefire Order for European and American Trade WargoldLosing support, announced todayGDPData will be an important factor affecting the trend of gold. goldETFAfter a brief increase in holdings, the world's largest gold continues to decrease holdingsETF SPDRWednesday position reduction0.29%to800.20Tons. This means that investors' interest in gold remains relatively indifferent. However, Goldman Sachs, which has always been bearish, is rarely bullish on gold. Despite the recent poor performance of gold prices, Goldman Sachs still expects gold prices to continue to rise next year as demand from China and other emerging market countries recovers.


Friday（7month27Reported US Q2 ActualGDPRecorded initial value of annualized quarterly rate4.1%Expected to be4.1%Correct the previous value to2.2%. This is the US quarterGDPsince2010For the fourth time since the US economy rebounded in4%. Prior to the release of the data, US National Economic Advisor Kudlow revealed last night that Friday's data would be "very impressive". Earlier this morning, Trump stated that the data would be "excellent" and would be consistent with or even higher than expected. After the data was released, the US dollar indexDXYShort term decline, spot gold rises in the short term!

There were no surprises in the data. US President Trump previously predicted that the second quarter announced todayGDPThe data will indicate that the US economy is in an "excellent" state. Now that I've read it, he's right, barely speaking. US Q2 ActualGDPRecorded initial value of annualized quarterly rate4.1%But far below the rumored5%Is also lower than the consensus in the market4.2%. The good news is that personal consumption increased in the second quarter4%Much higher than the previous value0.5%. The bad news is,GDPThe main driving factor for growth is exports. Surprisingly, despite the expected inventory backlog, non agricultural inventory has actually decreased1.02%。


Gold Trend Analysis


At present, gold is1230The repeated tug of war at the US dollar level indicates a fierce competition between long and short positions, and if gold prices return1230The US dollar is expected to rise further. The gold price in the European market has already fallen below today1220The US dollar has also touched the bottom line1218The position of the US dollar is a support for gold prices, making it much less likely to continue in the evening. Today is Friday again, so the hope of a stop in the market has increased a lot of probability. Therefore, we should not blindly pursue short positions anymore. In terms of evening operations, Yi Xiao personally suggests focusing on low long positions, with a focus on the top1228-30Suppress, follow below1216-18Support. If we break through1230，1236It will no longer be strong resistance. Today is the closing day, so don't blindly chase short positions and sell them down to prevent institutions from participating in a wave. Profit can be eliminated, and don't operate again. Short positions should be held over the weekend. If there are friends who want to operate, they must take good measures to stop profits and losses. If you are unsure about the operation of building a warehouse, you can connect with the author Yi Xiaopinjin. Friends who have a set of orders can transfer to my office.tinyyxpj08As the author is not aware of the detailed information on the points and positions where you have set the order, it is difficult to provide the corresponding unlocking strategy. For those who need to unlock the set, they can use a single line of Yi Xiaopinjin


　　Investment carries risks and caution is required when entering the market. The best point is still given by Yi Xiaoshi. The above only represents personal opinions and is not used as a basis for operation. We will be responsible for our own profits and losses based on this.


Investment is a long-term strategy, not overnight, so it should not be rushed. Even if you lose money now, there's nothing to be afraid of. As long as you make the right choice, what you lose will come back. Smart people always go together, seize the opportunity to make orders and grasp the market trends, in order to win all battles. Whether we succeed or fail, we all understand that life requires a good mindset. The progress and progress of life, as well as the quality of life, sometimes depend on our mindset. Effort is an outcome, and giving up is also an outcome. Just different moods, with different results, your smiling sky is blue, and your crying sky is cloudy. Learning to invest requires a good mindset. To live a good life, you need a good mindset, which sometimes determines the success or failure of your investment


　　The author Yi Xiaopinjin focuses on studying the international economic situation, and investment should be more in line with the trend. Trading in precious metals (gold and silver),crude oil（WTI）Investment,foreign exchangeInvestment friends who are interested in products such as stocks can follow the company for details.Public.ID: Yi Xiaopinjin, welcome to exchange and learn together! Investment carries risks and caution is necessary when entering the market. Yi Xiao suggests that everyone enter the market with a reasonable position to grasp.


Wen/Yi Xiao (Director WeChat:yxpj08Written by Yi Xiaopinjin, public account