Daily discussion of gold | Breakthrough in this price can the price of gold be more empty?

Today's guest: Gold Investment Analyst Wu Di

In terms of fundamentals, the number of employment in the United States August announced yesterday increased by 132,000, which was far less than expected to increase by 300,000, indicating that the US labor market is shifting from strong employment growth to more normal employment growth.

In addition, because the European Central Bank needs to increase its intensity to fight the record of the record, the market has fully digesting the expectations of the European Central Bank in September of 75 basis points. The currency market is expected to raise interest rates from 125 basis points from October, which means that the European Central Bank will raise interest rates 50 basis points and 75 basis points in the next two meetings. This re -pricing shows that investors are increasingly willing to bet on the European Central Bank in the early stage of the interest rate hike cycle. The European Central Bank may be willing to imitate the Radiments of the United States, expanding the interest rate hike to 75 basis points.

From a technical point of view, yesterday's gold price exploration weekly supported 1705 US dollars/ounce after a weak rebound. From the perspective of support, this location did not attract more buying. Running, the shorter advantage is obvious, and it is still the main trading strategy to do it.

The upper resistance first pays attention to nearly $ 1743/ounce this week. If the gold price breaks through the position, it may be more than the air to the air, and the resistance can pay attention to $ 1758/ounce. The support is adjusted to nearly $ 1680/ounce. If there are signs of stability, the location can be made in light warehouses. Delivery transactions and strict stop loss. The above suggestions are personal views and for reference only.

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