Daily Gold | Blinds still take advantage

In terms of fundamentals, the Fed announced the minutes of the meeting. Most officials of the Fed believed that geopolitical aspects brought upward pressure on inflation and dragged down the global economy. Growth risk biased down. It may take a period of time to reduce the inflation rate to 2%.

If inflation continues, the Fed believes that "more restrictive" interest rate level is possible. Fed officials believe that 50 basis points or 75 basis points will be raised at the July meeting, and economic growth in the second quarter is expected to rebound. Overall, the word "recession" was not mentioned once in the minutes of the meeting, and "inflation" was mentioned 90 times, setting a recent record. The financial environment ". After the minutes were announced, the expectations of interest rate hikes rose slightly, but it was not obvious.

From a technical point of view, the price of gold fell accelerated yesterday. It directly broke through the second support of $ 1754/ounce in the week, minimum to US $ 1733/ounce. During the day, there was a demand for rebound repair. If you break through, pay attention to $ 1780/ounce. From the overall point of view, the price of gold is still located in the short model. Making a high time is still the main trading strategy of individuals. The above suggestions are personal views, for reference only.

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