Macro Analysis for GOLD

Hello everyone! Today i want to share some macro analysis with you!

1.

$XAU/USD(XAUUSD.FOREX)$ $Gold - main 2406(GCmain)$ Last trading day Wednesday (15 May): international gold / London gold rebounded again to close higher, the bulls power to strengthen, suggesting that the short-term will continue to strengthen, is expected to further rebound to refresh the historical highs. Outlook today Thursday (May 16): international gold opened to continue the overnight rebound momentum first performance stronger, the dollar index continued to open lower, it is supportive; 　　

Overall, the U.S. dollar index yesterday more sharply down to close down 0.67%, continue to block the short-term average pressure, Bollinger band downward amplitude expansion, with chart indicators short signal also strengthened, suggesting that the trend of the market will continue to weakened lower, while the gold price support, although the weekly chart is testing the middle rail line support, but also near the recent uptrend support, the short-term risk of stopping the fall, will make the gold price encountered a blockage to fall back, however.

Monthly chart initially fell to the middle rail line, short-term is expected to fall below the support, then help the gold price probability will refresh the historical highs. Inside will focus on the United States to May 11 when the weekly number of initial jobless claims (10,000 people), the United States in April the total number of new housing starts annualised (10,000), the United States in April the total number of building permits (10,000), the U.S. in May Philadelphia Federal Reserve Manufacturing Index and other data, the market as a whole is expected to be biased in favour of the negative gold prices, but according to the current gold price momentum, pay attention to the good data to bring the pressure of the fallback, you can still once again bullish rebound. Initial intraday point reference: 　

XAUUSD gold: below the attention of 2387 near support, and 2377 near support; above the attention of 2418 near resistance, and 2430 near resistance!

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2.

U.S. Initial Jobless Claims (10,000) for the week to 11 May favoured XAUUSD higher, H1 trend, 2378-80 there is short-term support, while the 3 bottom support appears!

You can enter a buy order in 2378-80 short-term, TP:2388-91 S/L set according to personal habits!

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3.

$Cboe Volatility Index(VIX)$ $Gold - main 2406(GCmain)$ COMEX gold futures surged $35, or 1.48 per cent, to close at $2,394.9 per ounce on Wednesday. The U.S. Consumer Price Index (CPI) rose 3.4% year-on-year in April, in line with expectations, after adjusting for seasonal factors, after a 3.50% year-on-year rise in March, the U.S. Bureau of Labor Statistics reported on Wednesday.

The U.S. CPI rose 0.3 per cent in April, below expectations of 0.40 per cent, and 0.40 per cent in March. It was the first time in six months that the U.S. CPI rise fell back. Phillip Streible, chief market strategist at Blue Line Futures, said the Consumer Price Index data "could be an early sign that inflation will cool over time and the Fed will cut rates for the first time" Morgan Stanley said the cooling US CPI in April was just the beginning and that inflation will accelerate its slowdown in the second half of the year.

Morgan Stanley remains bullish on the prospect that the Fed will cut rates three times this year.

4.

Fed's Mester: current tightening will help reduce inflation, but it will take longer to be confident that inflation is falling back towards the 2 per cent target

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