To The Moon

After the release of thenon-farm data in the United States, it caused large fluctuations in the market. Let's talk about the data itself first. Before the release of the data, there was a usually inconspicuous data, which was the data on China's gold reserves.

Since China has continued to increase its gold holdings in the past 18 months, the market before the release of the data It is not believed that the data has changed too much, but the result is that China did not increase its holdings of gold in May. After the release of the data, the price of gold plummeted. After the release of the unexpected non-farm data, the market's expectations for the Fed's interest rate cut fell again, making other commodities begin correction accordingly.

The impact on precious metals

China's gold reserves no longer increased, which caused a sharp drop in gold prices. Obviously, this is not an unexpected correction. It shows that the gold price below this price can only be carried up by the central bank or government with purchasing power. If there is no endorsement of purchasing power at the same level, it may be difficult for the gold price to have a decent increase in the later stage. We can only wait for the Fed It's time to really cut interest rates, so short-term gold bulls should be very cautious.

In addition, technically, the live broadcast class reminded everyone that the time window for gold prices is in early June, and the current window has been confirmed, and the trend is downward.

Therefore, according to the past probability, the price of gold will be weak in the next two weeks or so, with a general decline of 150-200 Around the point, friends who want to buy bottoms can wait a little longer to see if they can fall to around 2200 points in the short term before making plans to buy bottoms.

And silver has also come to test whether it is really strong. If silver does not follow the sharp drop in gold prices, then its potential should still be optimistic in the future.

Will the strong non-farm data affect the US stock index?

Although the market is full of doubts about the results of the non-farml data that exceeded expectations, it can only be analyzed according to the corresponding data before it is falsified. Although the strong data will dispel and postpone the expectation of the Fed cutting interest rates, it also shows that the U.S. economy is strong, which will not be a negative performance for the stock index.

Moreover, this year's U.S. election year, the ruling party has to think about it. Therefore, the data has little impact on the U.S. stock index, and it is estimated that the strength will remain until the next important point.

Pay attention to the rebound rhythm after the crude oil plunge

Since oil prices have reacted in advance after the OPEC meeting, the non-farm data has little impact on it. At present, the oil price just fell to an important key price and then rebounded.

No matter how strong the rebound is, the oil price is still in a stage where the fundamentals are negative. The triangle shape is gradually converging, and the direction will appear soon. You can wait patiently for the direction of the oil price to appear before following up., so as not to cause large account fluctuations during the volatile market.

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