Gold Price Tracking
1.Gold prices rebounded significantly last week, and gold continues to move upwards in the new week, but in principle, gold has not been able to completely break the falling structure.
2.Taking the center point as a boundary, the left and right sides of gold start to be in a clear divergence phase. (According to the principle that the right side takes precedence over the left side, the rising structure on the right side is the main one)
3.logical level. Gold has not undergone major logical changes. The last drop I personally think was caused by the Fed's expectations for a weakening of the demand side in the future. But this expectation is unsustainable. So in principle I don't think gold can go down forever
4.Key data observation: Inflation expectations for each term have begun to fall, which in principle will further strengthen the market’s judgment on the upward trend of real interest rates
5.Key data observation: The yield difference between the key ten-year period and the three-month period has begun to fall, which can reflect the content of the third point to a certain extent.
6.Key data observation: CFTC positions show that most of the market trends in the previous stage were caused by long positions, and no large-scale short positions have been seen for the time being (this also coincides with point 3)
2.Taking the center point as a boundary, the left and right sides of gold start to be in a clear divergence phase. (According to the principle that the right side takes precedence over the left side, the rising structure on the right side is the main one)
3.logical level. Gold has not undergone major logical changes. The last drop I personally think was caused by the Fed's expectations for a weakening of the demand side in the future. But this expectation is unsustainable. So in principle I don't think gold can go down forever
4.Key data observation: Inflation expectations for each term have begun to fall, which in principle will further strengthen the market’s judgment on the upward trend of real interest rates
5.Key data observation: The yield difference between the key ten-year period and the three-month period has begun to fall, which can reflect the content of the third point to a certain extent.
6.Key data observation: CFTC positions show that most of the market trends in the previous stage were caused by long positions, and no large-scale short positions have been seen for the time being (this also coincides with point 3)
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