GOLD-Focus on today's data

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Powell's speech on Tuesday was dovish, saying the U.S. was returning to a "lower inflation path," but that policymakers needed more data to verify whether the recent decline in inflation accurately reflected economic conditions before cutting interest rates. In addition, Powell would not comment on when the United States might start to cut interest rates, but acknowledged that the Fed has entered a sensitive stage of policy review, and the risks to inflation and employment goals are "closer to balance", which means that when formulating policies, the two Neither can be fully prioritized. The minutes of the Federal Reserve meeting will be released on this trading day, and investors need to pay close attention to them. In addition, this trading day will also release the U.S. ADP employment data for June, the U.S. ISM non-manufacturing PMI for June, and the U.S. factory orders monthly rate for May, which investors need to pay attention to. Attention, in addition, you need to pay attention to the speeches of Federal Reserve officials and news related to the geopolitical situation.

From the perspective of 1H, gold is currently in a state of box shock. I don’t think there will be a big change before the non-agricultural data is released.

Today we mainly focus on the impact of data on gold. We will treat it in the 2320-2340 range for the time being. Waiting for the box to break through, you can trade with the trend.

You can wait for gold to reach 2348 to sell, SL: 2354, target: 2344-2334

Or wait for gold to reach 2321 to buy, SL: 2317, target: 2333-2344

The above are my trading suggestions for your reference. However, the market changes very quickly. You need to learn to observe and control your positions reasonably according to your funds. This will increase the possibility of making a profit. Even if the transaction fails, you will not lose too much.

This is my analysis this morning. The current trend shows that my analysis is correct. If you want to get real-time analysis, join me

3 lug

Trade attivo

The data is favorable for gold and has broken through the box. Are you trading with the trend?

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Nota

I will continue to update