• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 4, the Yangtze River Delta Railway ushered in the peak of passenger flow during the Qingming Festival. It is expected to send 4.1 million passengers today, 365,000 more than the same period last year, an increase of about 9.8%, and is expected to set a new record for single-day passenger volume. This years Qingming Festival railway transportation will start from April 3 to 7. The Yangtze River Delta Railway is expected to send 17.6 million passengers in 5 days, with an average daily passenger flow of 3.52 million, a year-on-year increase of 6.8%.The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."

During the week, gold markets exhibit signs of support following a rebound

Alina Haynes

May 07, 2022 10:30

 截屏2022-05-07 上午9.38.38.png

Weekly Technical Analysis of Gold 

This week, gold prices fell early, but found sufficient support near $1850 to reverse course and show signs of life. Due to this, it appears that the market is attempting to re-enter the previous consolidation region, and it is also worth noting that the weekly candlestick is a hammer, which is the same form as the previous week's candlestick. This normally indicates that a rebound is more likely than not, and a break above $1905 might confirm this.

 

Alternatively, if we were to break below the bottom of the hammer, it is likely that we would next target the $1800 level. The $1800 mark is a large, round, psychologically significant number and an area where substantial bullish pressure was previously observed. Because of this, I believe it would serve as support more often than not. In spite of this, I believe it is only a matter of time before we must make a larger decision, thus I believe it is only a matter of time before we must make a larger move.

 

Currently, I favor the upside, but I must maintain an open mind since there is certainly a great deal of market noise, and hence gold will continue to be volatile in the future. In light of this, maintain a modest position size and acknowledge that caution is currently the better part of valor.