[message] Wednesday (May 30) Trend Description:
SMM: According to the latest survey conducted by Pulse/Pontiki in Greece, the Greek New Party’s current support rate is 24.5%, which is just equal to the support rate of the left-wing coalition. The support rate of the Pan-Greece Social Movement Party (PASOK) is 13.5%. As Greece’s crisis from the Eurozone worsened, spot gold fell sharply, and then it received support from investors’ low-price buying at the support level and regained the hedging attributes. Spot gold rebounded sharply.
The K-line graph shows that spot gold closed today at a small Yangxian with an upper and lower hatch. In Asian time, spot gold opened lower and lower volatility; during European time, spot gold prices fluctuated in low range; during New York time, spot gold fell sharply and rebounded strongly afterwards.
Fundamental positive factors:
1. The data released by the Labour Ministry on Wednesday showed that the number of registered applicants in France rose by 4,500 in April to 2.89 million, a monthly increase of 0.1%. In April, the number of unemployed in France rose for 12 consecutive months and recorded a new high in September 1999, indicating that the new French President Francois Hollande faced great pressure.
2. A survey released on Wednesday said that most of the conservative members of David Cameron's Conservative Party asked Cameron to refer a referendum on British EU membership after the next parliamentary election.
3. Data released by the European Commission on Wednesday showed that the economic sentiment index for the euro zone in May was 90.6, which was lower than the expected 92.0, which was the second consecutive monthly decline, and the lowest level since October 2009, due to manufacturing. The pessimism of commercial and retailers deteriorated, but consumer confidence in the coming year remained basically stable.
4. The latest survey released by the Greek Pulse/Pontiki on Wednesday showed that the support rate for the Greek Conservative Party New Democracy and SYRIZA is flat. The survey results show that the current rate of support for the Greek New Party is 24.5%, which is exactly the same as that of the left-wing coalition. The Pan-Greek Social Movement Party (PASOK) received a support rate of 13.5%.
Fundamental negative factors:
1. The investigation report released by the American media on Wednesday showed that the United States will work hard to avoid a serious “fiscal cliff†in 2013 because the parliament reached an agreement in the budget negotiations to avoid economic recession.
2. The United States New York Fed (NYFed) ** William Dudley reiterated that the Fed should keep interest rates at near zero level at least until the end of 2014. Dudley reiterated that he reiterated that as long as economic growth continues, there is no need for further easing measures. Similarly, if the U.S. economy slows or inflation jumps, more loose monetary policy may be needed.
3. The Dallas Fed **Fisher (Richard Fisher) said that the U.S. economic growth rate is "slightly higher than the stagnant level," but it is still growing. There is no fear of inflation at the moment, but worries about the creation of jobs are controlled by the inflation situation. Satisfied, there is ample liquidity in the U.S. economy.
Outlook outlook:
Mike Daly, an analyst at PFGBEST, said on Wednesday that as the unstable situation in the euro area continues, gold seems to have approached safe-haven assets. Gold may be supported near the 1,525-1,520 U.S. dollars/ounce area, and there are technical buying opportunities near this location.
Analysts at Standard Bank in South Africa said on Wednesday that the pace of dollar appreciation rather than the value of the dollar itself affected the gold market. Near the 1.30 level of EUR/USD, the price of gold can be anywhere in the 700-1800 USD/oz range.
Focus on Thursday
Japan May Manufacturing Purchasing Managers Index
Japan's April Industrial Output
Australia's April Season Construction License
Switzerland's first quarter GDP
Germany's adjusted unemployment rate in the May quarter
Eurozone reconciles initial value of consumer price index in May
US May ADP Employment Change
U.S. first-quarter real GDP revision
US first quarter personal consumption expenditure price index revised value
The number of initial jobless claims after the United States adjusted for last quarter
US May Chicago PMI
ã€Market Information】
Spot gold hit a maximum of 1569.20 US dollars / ounce, the lowest dropping to 1531.49 US dollars / ounce, to close at 1564.50 US dollars / ounce, the previous day to close at 1555.80 US dollars / ounce, up 8.70 US dollars / ounce, or 0.6%.
[Investment Outlook] Technically, U.S. gold has fallen below the long-term uptrend line. Overnight gold edged up slightly, empty single-line wet storage holds, stop loss moved to 1620, short-term attention to the pressure of 1600 integer mark, and there may still be medium-term pressure. Falling to $1400 may be possible. The domestic gold 1212 contract maintains 328 underlying bearish thinking action unchanged, stop loss moves to 328 line, strict stop loss profit, midline empty single recommendation wet storage held, mid-range drop target 300 line.
SMM: According to the latest survey conducted by Pulse/Pontiki in Greece, the Greek New Party’s current support rate is 24.5%, which is just equal to the support rate of the left-wing coalition. The support rate of the Pan-Greece Social Movement Party (PASOK) is 13.5%. As Greece’s crisis from the Eurozone worsened, spot gold fell sharply, and then it received support from investors’ low-price buying at the support level and regained the hedging attributes. Spot gold rebounded sharply.
The K-line graph shows that spot gold closed today at a small Yangxian with an upper and lower hatch. In Asian time, spot gold opened lower and lower volatility; during European time, spot gold prices fluctuated in low range; during New York time, spot gold fell sharply and rebounded strongly afterwards.
Fundamental positive factors:
1. The data released by the Labour Ministry on Wednesday showed that the number of registered applicants in France rose by 4,500 in April to 2.89 million, a monthly increase of 0.1%. In April, the number of unemployed in France rose for 12 consecutive months and recorded a new high in September 1999, indicating that the new French President Francois Hollande faced great pressure.
2. A survey released on Wednesday said that most of the conservative members of David Cameron's Conservative Party asked Cameron to refer a referendum on British EU membership after the next parliamentary election.
3. Data released by the European Commission on Wednesday showed that the economic sentiment index for the euro zone in May was 90.6, which was lower than the expected 92.0, which was the second consecutive monthly decline, and the lowest level since October 2009, due to manufacturing. The pessimism of commercial and retailers deteriorated, but consumer confidence in the coming year remained basically stable.
4. The latest survey released by the Greek Pulse/Pontiki on Wednesday showed that the support rate for the Greek Conservative Party New Democracy and SYRIZA is flat. The survey results show that the current rate of support for the Greek New Party is 24.5%, which is exactly the same as that of the left-wing coalition. The Pan-Greek Social Movement Party (PASOK) received a support rate of 13.5%.
Fundamental negative factors:
1. The investigation report released by the American media on Wednesday showed that the United States will work hard to avoid a serious “fiscal cliff†in 2013 because the parliament reached an agreement in the budget negotiations to avoid economic recession.
2. The United States New York Fed (NYFed) ** William Dudley reiterated that the Fed should keep interest rates at near zero level at least until the end of 2014. Dudley reiterated that he reiterated that as long as economic growth continues, there is no need for further easing measures. Similarly, if the U.S. economy slows or inflation jumps, more loose monetary policy may be needed.
3. The Dallas Fed **Fisher (Richard Fisher) said that the U.S. economic growth rate is "slightly higher than the stagnant level," but it is still growing. There is no fear of inflation at the moment, but worries about the creation of jobs are controlled by the inflation situation. Satisfied, there is ample liquidity in the U.S. economy.
Outlook outlook:
Mike Daly, an analyst at PFGBEST, said on Wednesday that as the unstable situation in the euro area continues, gold seems to have approached safe-haven assets. Gold may be supported near the 1,525-1,520 U.S. dollars/ounce area, and there are technical buying opportunities near this location.
Analysts at Standard Bank in South Africa said on Wednesday that the pace of dollar appreciation rather than the value of the dollar itself affected the gold market. Near the 1.30 level of EUR/USD, the price of gold can be anywhere in the 700-1800 USD/oz range.
Focus on Thursday
Japan May Manufacturing Purchasing Managers Index
Japan's April Industrial Output
Australia's April Season Construction License
Switzerland's first quarter GDP
Germany's adjusted unemployment rate in the May quarter
Eurozone reconciles initial value of consumer price index in May
US May ADP Employment Change
U.S. first-quarter real GDP revision
US first quarter personal consumption expenditure price index revised value
The number of initial jobless claims after the United States adjusted for last quarter
US May Chicago PMI
ã€Market Information】
Spot gold hit a maximum of 1569.20 US dollars / ounce, the lowest dropping to 1531.49 US dollars / ounce, to close at 1564.50 US dollars / ounce, the previous day to close at 1555.80 US dollars / ounce, up 8.70 US dollars / ounce, or 0.6%.
[Investment Outlook] Technically, U.S. gold has fallen below the long-term uptrend line. Overnight gold edged up slightly, empty single-line wet storage holds, stop loss moved to 1620, short-term attention to the pressure of 1600 integer mark, and there may still be medium-term pressure. Falling to $1400 may be possible. The domestic gold 1212 contract maintains 328 underlying bearish thinking action unchanged, stop loss moves to 328 line, strict stop loss profit, midline empty single recommendation wet storage held, mid-range drop target 300 line.
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