Jinkesen: 5.13 Gold Sitting on Crazy Roller Chat, CPI has a new high of more than 12 years
The first one of the button is deducted, but you can deduct the last one to find that some things are wrong, but only I have to say it.
Others have done hard work in the place you can't see, they are asked as you, they also look like you, and complain like you, and only you believe that these are true, and finally you will continue Reflections.
On Wednesday (May 12), the US Department of Labor's data showed that the US consumer price index increased by 4.2% from the same period in April, set the biggest increase in more than 12 years; the core CPI rose by 0.9%, set from 1982 The biggest increase in the core CPI since April.
Affected by this, the US dollar index rose more than 60 points to 90.78; spot gold has fluctuated sharply under a few wave huge funds, and the initial price of the data declines, but then quickly regains the gains and refreshes the sun to 1843.58. Dollar / oz.
After the report released, the Federal President Clarid said that although he felt "accident" on strong CPI data, it is largely the importance of "temporary" inflation soaring. However, the market still worried that inflation will be more lasting, and will force the Fed to raise interest rates than before the previous expectations.
Then I have been selling again, as of the current and refreshing the sun to $ 1818 / oz; US stocks three major stock index again were sold, the panic index soared more than 20%, and the road refers to a big drop of 500 points, and the nation is 2.5%.
Seeing today's market, I think it is normal, completely according to the fundamental, maybe many people don't understand, why did it come up again.
We can understand the fundamentals in a slight analysis:
The CPI expects 3.6%, the announcement value is far more than expected, and 4.2% occurred.
According to the data, this is definitely a good fortune, which is not a beautiful.
Therefore, gold has risen from 1820 to 1843, and the data is expected to take data.
But from 1843 to 1818, it belongs to another message.
Clarid, Vice President of the Fed, said:, because the CPI is too high, the speech to raise interest rates in advance.
The CPI actually suggests inflation, one but the CPI is too high, then the price is rising, while the US dollar will slowly depreciate.
This is also why Clarry wants to say that the interest rate interest rate hike will be a good dollar.
This is also why the dollar can rebound directly near 90.1 to the current 90.8 here.
The US dollar rose to 90.8, gold fell to 1818, saying that it is really normal.
From now on, the US dollar 90.8 is already a pressing point of the daily line, so I don't look at the dollar to break through the limit.
Because this is only because of the moment of speech, the raising interest rate will become an early thing, so I believe that the dollar will continue to fall.
Gold's current gold day line, still in the gains, effectively supporting is currently at 1820-15, followed by the 1800-05 interval.
We can see the trend of the golden daily line, how is it coming, after two finishing, he slowly rushed.
At present, I believe that there will be a third tailor, and the previous paragraph will be copied.
But the only thing is now, it is not determined that it will rectify at 1820-15 or to rectify at 1800-05.
But there is no doubt that these two intervals are we can do more low support positions.
So I will now open a warehouse in 1820-15. If you say that you will not break 1815, then this interval will be in a row of gold in gold, then the market will continue to rush to 1850, and higher Dot position.
But say, if you fall below 1820-15, then the next section is definitely 1805-1800 here, we can still lay out more in this section.
Therefore, I will now open a lot of time, in the 1820-15 interval, the defensive stop loss is placed below 1815, 1810, and the target 1845-50.
Disclaimer: The above analysis only represents the author's personal point of view, does not constitute a specific operation, the article has a lag, according to this operation, profit and loss, investment is risky, and you need to be cautious.