PMIRecession Again Hedging pushes up gold

goldaspect:

Affected by Independence Day in the United States, major trading markets in the United States are closed or closed early, but gold remains strong and overall maintains an upward trend, further consolidating the previous position. The future is still worth looking forward to.

U.S.A6Manufacturing industry in the monthPMIThe value has shrunk again and continues to remain below the withering line, among whichMarkitmanufacturingPMIThe final value is consistent with the expected value and the previous value, which is46.3。ISMmanufacturingPMIBelow the previous and expected values, for46Both are in a downward phase from the curve.

The US manufacturing industry is in a contraction state, and the data is not good, which is in stark contrast to the strong optimism of senior US officials such as Yellen in the early stage. The market may continue to allocate gold for safety reasons, which may further drive gold prices higher.

Technical aspect: Gold daily closing cross star, prices have not continued to reach new highs.1The probability of forming an upward relay pattern is high, with a high point level and a low point moving up during the hourly cycle, and it is highly likely to continue to rise within the day. Suggest following below1919The support of the US dollar on the first line.