The gains and losses of gold at yesterday's high point determine

In terms of gold, the price of gold showed a general decline on Wednesday. The price of the day was as low as 1919.04, the highest rose to 1939.35, and it closed at 1932.52. Looking back at the market performance on Wednesday, after the opening in the morning, the price fluctuated mainly in the short term, and then began to fall. In the evening, the price fell rapidly due to the news and hit a new low position. Recently, the market has rebounded after hitting a new low, so it is also necessary to beware of repeated market. However, the overall market is still mainly empty (the price breaks the daily line level and the rising channel line). In the short-term, we will temporarily focus on the gains and losses of yesterday's high point. If it does not break through, it is expected to fall weakly again.

Gold temporarily pays attention to the gain and loss of resistance at 1940. Aggressives can buy short in the 1940 area, while conservatives wait for the 1950 area to be short (the whole is a short market)

Financial data and events to focus on today, Thursday, June 22, 2023

15:30 SNB announces interest rate decision and holds a press conference

16:00 Fed Governor Waller delivers a speech

19:00 Bank of England announces interest rate resolution and meeting minutes

20:30 The number of initial jobless claims in the United States for the week ending June 17

20:30 U.S. current account in the first quarter

21:55 Fed Governor Bowman delivered a speech

22:00 The annualized total of existing home sales in May in the United States

22:00 The monthly rate of leading indicators of the Conference Board in May in the United States

22:00 Federal Reserve Chairman Powell attends the hearing

22:30 EIA natural gas inventory in the United States to the week of June 16

23:00 U.S. to June 16 week EIA crude oil inventory

23:00 U.S. EIA Strategic Petroleum Reserve Inventory for the week from June 16

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