SMM7 March 3: I. Macroeconomic policy changes:
1. Beijing, July 2, 2030, the United States added 4.8 million non-farm payrolls in June, much higher than the expected 3.058 million, with the previous value revised to 2.699 million from 2.509 million. The unemployment rate fell further to 11.10 percent, below expectations of 12.50 percent and 13.30 percent.
Two. Market performance:
Gold rose slightly in the previous session, with a high of $1779 / oz and a low of $1757 / oz to close at $1775 / oz.
In the previous session, TD gold fell moderately to close at 396.15 yuan / kg, down 3.73 yuan.
In the previous session, TD silver fell moderately to close at 4296 yuan / kg, down 84 yuan.
Three. Position analysis:
Gold and silver CFTC non-commercial net long positions are in the middle and high level, and the risk of long positions is gradually accumulating.
Fourth, technical analysis:
On the previous trading day, the London gold daily line closed with a Xiaoyang line with an upper and lower shadow line, the highest price was lower than the previous day's highest price, the closing price closed above MA5, MA5 went up, MA60 continued to extend upward, and the RSI index was in the normal range, which has successfully broken through the previous consolidation range and may continue to rise after short-term technical adjustment.
The first support level is $1760 / oz below, the second support level is $1746 / oz, the first pressure level is $1789 / oz above, and the second pressure level is $1800 / oz above.
5. Focus on Today
The United States is closed for Independence Day.
Six. direction suggestion:
For gold medium-and long-term trading in the early multi-order to continue to hold;
For Loco-London gold several days of trading in the early multi-order to continue to hold, no positions wait and see. ;
For TD several days of trading pre-multiple orders continue to hold, no positions wait and see;
Wait and see for intraday trading in Loco-London gold;
TD gold wait and see during the day for intra-day trading;
For silver medium-and long-term transactions more than one order to continue to hold;
For a few days of trading silver TD early light positions more than a single to continue to hold, those without positions wait and see;
TD wait and see for intraday silver trading;
For spot trading today, it may fluctuate slightly and narrowly, if it cannot be operated in time, try to carry out hedging operations on futures as far as possible.
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