I. changes in macroeconomic policies:
1. The U.S. Department of Commerce reported on January 28 that the U. S. economy shrank at its biggest level since 1946 in 2020. For the whole of 2020, US gross domestic product (GDP) was 3.5% lower than that of the previous year. Although the US economy grew in the fourth quarter, it could not make up for the huge impact caused by the epidemic in the second and third quarters.
two。 The S & P 500 rose for the second day in a row after trading that had been hugely popular with retail investors began to "collapse". The S & P 500 industry sub-index rose across the board, led by financial and industrial stocks. As the retail speculative boom receded, GameStop, AMC and silver tumbled across the board. GameStop closed down 60%, the biggest drop in history.
two。 Market performance:
The price of gold fell slightly in the previous session, with a high of $1844 / oz and a low of $1829 / oz to close at $1838 / 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:
On the previous trading day, London gold closed with a small Yin line, closing price below MA5, MA5 down, MA60 slightly down, RSI index in the normal range, there is a short-term possibility of rise.
The first support level is $1800 / oz below, the second support level is $1765 / oz, the first pressure level is $1864 / oz above, and the second pressure level is $1900 / oz above.
5. Focus on Today
No important data or events.
