Bank of China analyst Wang Gang
Last Friday (December 8),热议资讯 the US employment data reduced the betting of interest rate cuts in the United States in March after the expected expectations, which stimulated the US dollar to rise. The international spot gold fell 1.4%to close to $ 2,000.49 per ounce.
Last Friday, the US Department of Labor announced data showing that November non -agricultural jobs increased by 199,000, a decrease of unemployment rate from 3.9%to 3.7%, labor participation rates increased from 62.7%to 62.8%, and the average time -on -month rose 0.4%month -on -month by 0.4%.; 4.0%year -on -year.The data shows that the fundamental fundamentals of the labor market are strong, implying that the financial market's expectations for interest rate cuts at the beginning of next year may be too early.The data result was quite unexpected by investors. To this end, the pressure of the decoction hit the gold price, causing the gold price to fall below the US $ 2,000 integer mark.However, the much -watched employment report released by the US Department of Labor on Friday has not changed the view of the Fed's interest rate hike cycle.Because from the perspective of specific items, the labor market is still cooling.New jobs have been added in September to 35,000 less than previously expected.In November, the employment increase was less than 240,000 monthly average in the past year.And November's salary rose slightly year -on -year.For this reason, the gold was slightly pulled back to $ 2,000 from the lowest position on Friday.Next, the central banks of various countries will once again become the focus, and the Federal Public Marketing Committee will make interest rate decisions on Wednesday.Prior to this, there will be important data that reflects the inflation in the United States.The market is expected to remain unmoved this month, but if the meeting revealed that the time or other eagle information of the high interest rate level is revealed at the meeting, and the inflation data has remained sticky before, then gold will continue to continue to decline further.If the situation is the opposite, gold is expected to start a low rebound trend.
At the technical level, the yin line was recorded on the daily chart, and the gold price broke down after the rectification of the three consecutive trading days after the three consecutive trading days, which further exacerbated the K -line form on the top of the daily line.Go back to the trend and exacerbate the daily moving average short -cycle moving average.At present, the gold price has the mid -track line of the Bollinger Channel. The technical index MACD forms a dead fork. The relatively weak index RSI also starts the hem, showing the reference of short -term guidelines.Pay attention to the support of the 1980 and 1940 levels below.Only the closing price is stabilized on the 2040 index, or it is expected to reverse the recent decline.