Daily discussing gold | Rating boots to the ground, gold bulls continue!

On July 25, the international gold price was first suppressed and then raised. At the beginning of the week, the minimum of $ 1710/ounce was touched, up up to 1768 US dollars/ounce, and increased by nearly 60 US dollars, rising for two consecutive weeks. The Fed continued to raise interest rates in the Eagle in July, but Powell's vocal pigeon faction formed a obvious soothing effect on the market, promoted the sharp decline in US debt yields, and the price of gold broke down.

At the same time that the Federal Reserve ’s second consecutive month of eagle interest rate hikes, Powell stated that Pingpai was partial: economic and uncertainty increased significantly; The clear guidance of the interest rate path is more of the camera choice and said that it will increase the flexibility of the policy. These statements convinced the market that the Fed's strong interest rate hikes have passed this year.

Judging from the recent data such as US -raising sales and national debt yields, the US economy is declining (data announced on Thursday shows that the United States in the second quarter of GDP fell after the first quarter 0.9%), the Fed ’s rapid interest rate hike confrontation is the main reason for the predicament of the US economy, and the deterioration of this trend has not yet reached the worst period. Including the International Monetary Fund and the major investment banks of Wall Street have warned the economic slowdown and lowered economic growth expectations, which increased the market's concerns about the global economic recession.

From the overall analysis, the US economy continued to shrink in the second quarter, and consumer expenditure increased the risk of increasing the risk of declining corporate expenditures, and the decline in corporate expenditure in two years. Tension also makes Europe facing dual pressure on economic growth and debt risks. If the situation continues to ferment, the inflation cannot be controlled, and the economy has declined again. The global trend of de -US dollar is superimposed. As a gold that has the attributes of risk aversion and anti -inflation, it will definitely be sought after by the global capital market again.

Looking forward to this week, in addition to continuing to pay attention to the geographical situation, the market will also usher in non -agricultural employment data in the United States in July. It is expected that the data will further provide empirical evidence for the slowdown in the economic growth of the United States, or it will once again trigger the upward of international gold prices.

From a technical point of view, the gold price rebounded for two consecutive weeks and exceeded the pressure of $ 1765/ounce, and the support center was shifted again. This week, pay attention to the $ 1,800/ounce integer barrier. Ounce. The support of 1765 ~ 1750 US dollars/ounce is below. In terms of specific operations, it is recommended to rely on the support position below to continue to adopt a low -oriented, high -throw and low -suction trading strategy.

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