Daily discussing gold | Market enters the wait -and -see period, the gold price oscillation runs

From the past two trading days this week, international gold prices have maintained a weak oscillating operation pattern as a whole. Monday continued the rhythm of retracement last Friday, a slight decline; the price of gold on Tuesday was a stable recovery after visiting $ 1837/ounce, which basically regained the decline in Monday. At present, the price of gold is like Monday's expectations, maintaining a slightly shocking market.

Recently, the market has begun to wait for the policy of major central banks. The Australian Fed announced on Tuesday that 50 basis points raised interest rates, which completely exceeded market expectations, which also further enhanced the market's concerns about the central bank's tightening policy. Although the European Central Bank does not raise interest rates in the June meeting, the market is waiting for the European Central Bank on Thursday evening. At least it believes that the European Central Bank should clearly release the path of interest rate hikes, which may bring a little bit to the market. pressure. And next week, the interest rate resolution of the Fed in June will come to the Federal Reserve. From the current market expectations, basically it is believed that the Fed will take 50 basis points in June and July, respectively. It will be more aggressive. Therefore, the current market has fallen into the wait -and -see period, and the price fluctuation area is dominated.

In terms of short -term in the daytime, the rise and fall on Monday and Tuesday did not change any structure, so the probability of the short -term gold price continued to maintain a relatively high probability of running in a certain area. It is expected that the gold price may rely on the US $ 1845/ounce platform to develop a slow oscillation trend. The pressure above needs to pay attention to the $ 1860/ounce resistance.

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