Daily Trusted Gold | Follow the first support for $ 1803/ounce

Guest: Gold Investment Analyst Wu Di

In terms of fundamentals, the Federal Reserve Chairman Powell attended the Senate Hallean Hearing that the Fed will be firmly committed to reducing inflation and must return the inflation rate to 2%; it does not rule out any interest rate hike, including 100 basis points. Powell also acknowledged that the US economy may fall into recession, and it is very challenging to achieve soft landing.

Chicago Fed Chairman Evans said that in the next few months, it will need to raise interest rates sharply. In July, 75 basis points in interest rate hikes will be in line with continuous concerns that have not slowed down inflation, and it is believed that there is no need to raise interest rates 100 basis points. If inflation improves, you can raise interest rates 50 basis points.

Fed Chairman of the Philadelphia Hak said that the US GDP may have negative growth for several quarters, but this is not necessarily economic recession, and the US labor market is still very tense. Harker also said that the Fed should increase interest rates to more than 3%by the end of this year, and then choose to suspend interest rate hikes according to the data.

From a technical point of view, the price of gold is surrounded by a short range of $ 1840/ounce this week, and the direction of multiple empty anxiety is still unclear. It is mainly observed. Essence

In terms of uplink, pay attention to the first resistance of $ 1875/ounce. If the bulls lose $ 1840/ounce, the price of gold or oscillation is downward, and the downward settlement, pay attention to the first support of $ 1803/ounce. If it falls below the position, the support will be adjusted to $ 1768/ounce. At present, it is still treated with an oscillating market. It is close to the support, and the resistance is short, and the strict stop loss. The above suggestions are personal views, for reference only!

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