Guide Metallographer:5.25Today's gold trend analysis shows that gold prices fell sharply at the beginning of the US market

　　goldMessage interpretation:


On the news side, the Federal Reserve6The probability of monthly interest rate hikes has rebounded, putting pressure on gold prices. The minutes of the meeting show that Federal Reserve officials generally agree that the necessity of further interest rate hikes has become uncertain, but almost all decision-makers have seen the risk of upward inflation. Many participants are concerned about the need to reserve room, either to keep interest rates unchanged or continue to raise interest rates, and some believe that further interest rate hikes may be necessary.


Federal Reserve official Waller said in a speech that,6It is possible to suspend interest rate hikes on a monthly basis, but it is unlikely to end this cycle of interest rate hikes,6Whether the monthly meeting will raise or suspend interest rates will depend on the economic data of the next three weeks7With the clarity of bank credit conditions in the month, if credit conditions are not excessively tightened7A monthly interest rate hike would be appropriate. Waller stated that he himself does not support suspending interest rate hikes unless there is clear evidence that inflation is moving towards2%The goal falls back.


The United States held talks on the debt ceiling issue on Wednesday. The White House still stated that the talks were productive, but the Republican Party stated that there was some progress in the negotiations and many issues were still unresolved. US Treasury Secretary Yellen insists that,6The beginning of the month is the deadline for the US to default on the debt ceiling. The problem of the US debt ceiling has not made a major breakthrough for a long time, which has raised the risk aversion in the market. However, the safe haven buying of gold is limited. Instead, the US dollar is favored, and the US dollar has risen to2A new high of six months has put pressure on gold prices.


Today's Gold Data:


　　14:00Germany6monthGfkConsumer confidence index


　　14:00Germany Q1 not seasonally adjustedGDPAnnual rate final value


　　18:00britain5monthCBIRetail sales difference


　　20:30From the United States to5month20Number of initial claims for unemployment benefits in the current week


　　20:30US Q1 ActualGDPRevised value of annualized quarterly rate


　　22:00U.S.A4Monthly rate of contracted sales index for completed housing


Technical analysis of gold:


Gold rose and fell yesterday, reaching its highest point85After a while, it began to decline and formed a pattern of sideways fluctuations in the morning. The European market had previously made a correction by backtracking, and the European market did not show much performance, which is likely due to the following factors:50The unstable state within the bullish range caused by the anxiety caused by the continuous fluctuations of the bullish and bearish positions within the range, which were not broken by the first line, but quickly fell back after the opening of the US market and directly broke through the points touched multiple times earlier50On the first line, then in the later stage, the trend of gold is also more obvious, and the downward trend of short positions also gives us greater expectations for the short market in the later stage. The first target below is also what we pointed out in the earlier stage1930On the first line, this position is also the first defensive line for the bulls in the later stage, and if this position continues to break down, the gold in the later stage may directly reach1900On the first line, the suppression of short positions on the daily market is obvious, and the short-term moving average has received effective pressure. However, in the later stage, we still need to focus on the long short divide1952If the frontline carries out a bearish layout, then the golden opportunity will be seen in the evening52-55Continuing to short in the vicinity, overall, today's gold short-term operation strategy is guided by the guidance of gold analysts. They suggest that the main focus should be on rebound short selling, supplemented by a pullback long selling, with a focus on the short-term above1968-1970Frontline resistance, short-term focus below1950-1930Frontline support, friends must keep up with the rhythm.


　　5.25Reference for Golden Operation Strategy:


Empty order strategy:


Strategy 1: Gold rebounds1953-1955Short (buy down) 2/10 positions in batches nearby, stop loss6Points, target1945-1940Nearby, break down and take a look1935frontline; (Suggested for reference only, investment carries risks, and caution is required when entering the market!)


Multiple order strategy:


Strategy 2: Gold Callback1933-1935Nearby batch long (buy up) 2/10 positions, stop loss6Points, target1940-1945Nearby, break down and take a look1950frontline; (Suggested for reference only, investment carries risks, and caution is required when entering the market!)