Non agricultural hit, gold rose sharply last week and then fell back to 2080 adjustment

Mondo Finance Updated on 2024-03-05

**After rising more than $60 last week, today ushered in a position adjustment of 2080.

Last week, the overall strategy continued to be stable, and all profits were taken without stop loss.

Focus on the reasons for the trend, mainly focusing on three important data. First of all, the PCE price index in January, which recorded the smallest increase in two years, as an important inflation indicator, once again indicates a continued slowdown in inflation. In particular, the Federal Reserve's monetary policy minutes once again confirmed the fact that inflation continues to rise.

Another important piece of data is that the unemployment benefits data exceeded expectations, which indirectly indicates signs of weakness in the employment data. Combined with the upset of U.S. consumption data in January, economic indicators suffered. With both employment and the economy on which the Fed relies to decline, the Fed is increasingly likely to cut interest rates three times this year after June.

* After hitting the 2088 level with a big rally last week, it opened today and fell back to the 2080 position adjustment again.

Today continue to focus on the correction and ** continuation.

Under the strong ** last week, it continues again today, and continues to look at the position of challenging 2088.

The topside broke through this level and continued to continue**, continuing to see resistance at 2100 under pressure.

It is below the 2088 position, and it has fallen back again to adjust, and first saw the support of the 2068 position. Support is valid at this level, continue to watch for the correction, as well as the challenge of the 2088 position.

* If it continues to fall and falls below the 2068 level, continue to see the support at the 2058 level.

*After a sharp decline that lasted for three months**, it once again ushered in a reversal and a sharp rise, and under the strong situation, it once again continued to look at the previous high position of 2140. At the same time, it will fall back again, and the 2000 mark can be seen in the ** area below.

In terms of operation, under the reversal of the sharp rise, continue to pay attention to the continuation of the **, and pay attention to the opportunities to go long in 2058 and 2068. In addition, the upper side is close to the key resistance area, and the opportunity to short 2088 and 2100 is eyed.

Last week, OPEC added a plan to continue to cut production, and it is expected to continue until the end of the year.

It also recorded a continuation again**, reaching a maximum of 80The position of 8 is adjusted backwards.

Today touched the correction above 80 again, and then continue to look at the opportunity for correction and **.

Let's focus on 79 first6 position support, this position support is effective, again**, continue to look at the challenge 808 positions.

The topside broke through this level again and continued to look at the new highs to focus on 822. The resistance is under pressure.

* If it continues to fall, it will fall below 796 position, continue to see the support of 78 position.

This week is a super week, and it is also a non-farm week.

The focus is undoubtedly on the large and small non-farm data, as well as corporate layoff data and job vacancy data, several important employment indicators, and an important basis for whether the Fed will cut interest rates.

The other is the ECB's interest rate decision, the interest rate policy of another major central bank besides the Federal Reserve. Inflation, which was once feared by the European Central Bank last week, is again **, whether there is an unexpected plan for interest rate cuts this week.

Following the collapse of Silicon Valley Bank in the United States, another community bank is at risk of a thunderstorm.

The Fed's interest rate hike is like a fist that hurts others and hurts itself. Interest rates continue to rise, under the high level of debt, the United States owes a lot of debt, and the banking industry is also burdened, not to mention the impact of the real economy.

U.S. stocks are in great contrast, once refreshing their all-time highs. Financial capital continues to shift from real to virtual, accumulating financial bubbles.

The important thing that supports this structure is the dollar and strong military hegemony, so the United States tries its best to support Ukraine's military threat to Russia, as well as the stability of the Middle East petrodollar system.

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