There are no two identical people in the world, no matter how ordinary they are, they are also limited editions, and the market cannot find exactly the same fluctuations for two days, and it is difficult to replicate history again. Growth is the process of muting your crying, fighting head-on to move forward, courage alleviates the blow of fate, and the market after brewing is only for a breakthrough!
During the Asian session on Monday (July 1), spot gold fluctuated slightly and is currently trading near $2,327 per ounce. Gold prices surged higher on Friday and retreated, and while a key U.S. inflation report largely met expectations, boosting hopes that the Federal Reserve could cut interest rates by September, political uncertainty overshadowed the optimism, with U.S. Treasury yields surging to near a three-week high, sending gold prices back down to close near $2,326.28 an ounce.
The Commerce Department's report released on Friday also showed a slight increase in consumer spending last month. Core prices are rising at the slowest pace in six months, fueling optimism that the Fed can design a much-anticipated "soft landing" for the economy, where inflation cools without triggering a recession and a sharp rise in unemployment.
The Personal Consumption Expenditures (PCE) price index was flat last month, the first in six months, while the April increase was confirmed at 0.3%, the Commerce Department's Bureau of Economic Analysis said. Commodity prices fell 0.4%, the biggest drop since November. In the 12 months to May, the PCE price index increased by 2.6% and 2.7% in April. Last month's inflation reading was in line with economists' expectations. Inflation is coming back after surging in the first quarter as the Federal Reserve has cooled domestic demand by raising interest rates by 525 basis points since 2022, although inflation remains above the Fed's 2% target.
7.1 Gold Market Analysis:
Gold opened near 2328 on the last trading day, and began to rise after a slight decline in the Asian market below the support position near 2319, and the European and American markets continued to rebound and rise, refreshing the new intraday high to 2340 after the first line began to fall, and the end of the shock closed, and the daily line received a doji trend. On the daily line, the Bollinger band is running flat, the K-line is fluctuating near the middle rail, the MA5 and MA10 moving averages are currently in the middle of the rail and beginning to run flat, the MACD energy column is gradually shrinking the operation, the KDJ indicator is a golden cross, the daily line looks at the overall trend of rising and falling, the rebound pressure position is mainly short, and the trend of a wave of short-term decline can be operated at a high altitude. The short-term Bollinger band is flat, the upper and lower rails of the K-line are oscillating back and forth, the MA5 and MA10 moving averages are low-level and turning upwards to diverge from the running trend, the MACD energy column is running in large quantities, the KDJ indicator is dead fork, and the short-term pressure is to see a wave of decline, and the rebound is mainly short.
7.1 Gold Operation Suggestions:
1. Short near 2330/2332 above, stop loss of $6.5, target 2318-2300-2285;
2. Test the short near 2358/2360 at any time, stop loss 6.5 US dollars, and look at 2345-2330-2314;
3. Go long near 2275/2277 below, stop loss 6.5 US dollars, and the target is 2285-2300;
4. If the market changes, we will give suggestions separately, please pay attention;
7.1 White Bank Analysis:
Silver opened near 28.86 on the last trading day, and began to rebound after a slight decline in the Asian market support position of 28.76, and the European and American markets continued to rebound and rise, refreshing the new intraday high to around 29.62. On the daily line, the Bollinger band is flat, the K-line is under pressure near the middle track, the MA5 and MA10 moving averages are currently in the middle of the track and begin to turn downward and diverge downward, the MACD energy column is gradually shrinking, the KDJ indicator is dead, the daily cycle looks at the operation mode of rushing up and falling, and the high pressure is short to see the short-term decline. Short-term look at the Bollinger band flat, the upper and lower rails on the K line oscillate back and forth, MA5 and MA10 moving averages turn around and run downward, the MACD energy column is gradually shrinking, the KDJ indicator golden cross, the short-term period to see the overall or high-altitude, for the time being, continue to see the trend of rushing high and falling, and rebound short.
7.1 Silver Operation Recommendations:
1. Short near 29.23/29.38 above, stop loss 29.57, target 28.75-28.23;
2. Test 29.73/29.84 near short at any time, stop loss 30, and look at 29.23-28.63 at the target;
3. Go long near 28/28.24 below, stop loss 27.82 US dollars, target 28.83-29.42;
4. If the market changes, we will give suggestions separately, please pay attention;
7.1 Crude Oil Market Analysis:
Crude oil opened near 81.9 on the last trading day, the Asian and European markets slowly rose and rebounded, and the European market refreshed a new intraday high to around 82.7, and then began to fall, the U.S. market plummeted, refreshing the new intraday low to 81 line, and the daily line received a small negative trend. On the daily line, look at the Bollinger band opening upward trend, the K-line near the upper side, the MA5 and MA10 moving averages diverge upward, the MACD energy column is gradually reducing the trend, the KDJ indicator golden cross, the daily cycle is long, continue to see a wave of upward trend, or look at the rebound. In the short term, the Bollinger bands are in a state of operation, the K-line support rebounds, the MA5 and MA10 moving averages turn around and run upwards at a low level, the MACD energy column runs in volume, the KDJ indicator is a dead fork, and the short-term look at today's rise.
7.1 Crude Oil Operation Suggestions:
1. Go long near 81.2/81.4 below, stop loss 80.2, target 83-84.8;
2. Test long near 80/80.2 at any time, stop loss 79, target 81.6-83.4;
3. Test short near 84.8/85 above, stop loss 86, target 83.4-82;
4. If the market changes, we will give suggestions separately, please pay attention;
(The above article was originally written by Xiaobing Finance, please indicate the source for reprinting.) Xiaobing Financial Management warmly reminds that investment is risky, and you need to be cautious when entering the market. The above only represents the personal views of Xiaobing Financial Management, and is not used as a basis for operation, and the operation is at your own risk)