[9.2 Zhishui Precious Metals Morning Review] the US PMI is better than expected and the probability of a pullback of precious metals today is on the high side.

SMM9 March 2: I. Macroeconomic policy changes:

1. On Tuesday, at 22:00 in New York, the US released closely watched ISM manufacturing PMI data for August, which beat expectations. Specific data show that the US ISM manufacturing PMI actually released 56 in August, with an expected value of 54.8 and a previous value of 54.2. ISM manufacturing PMI in the United States recorded 56 in August, the highest level since January 2019.

two。 Market performance:

Gold rose slightly in the previous session, with a high of $1992 / oz and a low of $1963 / oz to close at $1970 / oz.

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:

5. Focus on Today

Six. direction suggestion:

Gold

Silver

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