**: Giant Elephant Gold
Yesterday, the U.S. dollar index rose slightly, and the longs and shorts continued to maintain a high level of operation, temporarily in a balanced situation. In terms of U.S. Treasury yields, the 10-year U.S. Treasury yield rose and then fell intraday, and finally closed at 4018%, and the 2-year Treasury yield closed at 4366%, and the overall situation is also in the weakening of the **. In terms of spot, the bulls continued to be around 2041 yesterday, and finally fell back to around 2041, and the short pressure on gold prices was still strong. With the US December CPI data 1 approaching, the market bullish and short sentiment is temporarily more balanced. After the market experienced the non-farm payrolls data, the change in this week's inflation data will further change the Fed's 2 rate cut expectations, leading to a new direction for gold prices.
Since the beginning of this week, the market has experienced last week's non-farm payrolls data big ups and downs, investors are waiting for the US CPI to record further direction, although the willingness to be optimistic about the future is very strong, but the accumulation of bullish sentiment has still failed to break out. The evening will also release the US wholesale sales rate for November3, pay attention to the impact of economic data on the market, in addition to the Fed's Williams speech on the economic outlook, ** the speech view will also make the market wind change. At a time when the direction of the current long and short is not clear, it is expected that the long and short game will continue.
Yesterday, **bulls continued**, the bulls hit the 2036 mark many times in a row, and after the US market quickly hit 2041 in the evening, the bears began to fall. Judging from the trend, yesterday's ** failed to appear a new **structure, ** showed a declining trend, and the probability of continuing to fall within the day is relatively large, and the **trend is still continuing. From the point of view of indicators, on the 30-minute period, the fast and slow lines of the MACD indicator Diff and DEA are below the 0 axis, that is, the golden cross, and the red kinetic energy column is still growing.
Yesterday, the bulls were fast to 23After the 360 area, the bears began to continue to decline, and the overall situation is still in the ** range. From the trend point of view, although the previous trend has ended after the slackening, the new trend is currently showing a weak situation, and if it continues to break through the uptrend support line during the day, it is possible to produce a new **. From the indicator point of view, the 1-hour MACD indicator fast and slow line diff and DEA have signs of imminent golden cross below the 0 axis, the green kinetic energy column continues to shorten, and the bulls have the phenomenon of re-exerting force.
On the 1-hour chart of the U.S. dollar index, the bulls rose again yesterday, and the bulls and bears as a whole maintained a high level, and they have now reached the upper band of the range. From the point of view of indicators, the fast and slow lines of the MACD indicator Diff and DEA are running above the 0 axis, there is a phenomenon of imminent death fork, the red kinetic energy column continues to shorten, the bullish kinetic energy has been insufficient, and it is expected that the bears will increase again.
*ETF – SPDR Gold Trust Holdings Report.
The above views and suggestions are for reference only. 】