The US dollar is relatively strong Gold price maintenance adjustment

goldaspect:

Monday（7month24The manufacturing data of several European countries released in Japan is very sluggish. France7Monthly manufacturing industryPMIInitial value recorded44.50, lower than expected46; Germany7Monthly manufacturing industryPMIInitial value recorded38.8Below market expectations41. Data shows that the European economy began to contract in the third quarter, and the manufacturing industry continued to weaken. The United States still has an economic advantage over developed European countries, which will provide support for the US dollar and pressure gold prices.

However, the focus of market attention is on the Federal Reserve's interest rate decision this week, although "Federal Reserve observation" shows that the Federal Reserve will raise interest rates this week25A basis point, which puts pressure on gold prices in the short term. Investors should also pay attention to market bets7After the month, the Federal Reserve will no longer raise interest rates, or even initiate interest rate cuts, which will provide support for gold prices.

Technical aspect: On the daily line, the previous trading day's market continued to decline and closed negative, indicating a weak short-term market. In terms of indicators, the market is effectively breaking through20It is not advisable to be overly bearish before the daily moving average. Follow Above in the Day1980Under pressure from the US dollar, follow below1940One line support for the US dollar.