Yesterday, the three major U.S. stock indexes closed slightly lower, ending their recent gains. The Dow Jones Industrial Index closed down 0.2%, the S&P 500 Index closed down 0.3%, and the Nasdaq Index, which is dominated by technology stocks, closed down 0.72%. Gold prices conti

The three major U.S. stock indexes closed slightly lower yesterday, ending their recent gains. The Dow Jones Industrial Index closed down 0.2%, The S&P 500 Index closed down 0.3%, Technology stocks dominated Nas The Dak Index closed down 0.72%, while gold prices continued to fluctuate.

The latest sanctions were announced against Russia after the G7 summit last week. The United States, the United Kingdom, Japan, Canada and other countries were the first to announce an embargo on Russian gold. Russia is the world's second largest gold producer, accounting for about 10% of the global industry. 10%, according to US Secretary of State Blinken , the embargo on Russian gold exports will cost Moscow approximately $19 billion in annual revenue. However, overall, even if the embargo is implemented, Russia can still avoid the impact of the embargo by exporting to a third country. In addition, since the outbreak of the Ukraine-Russia war, gold shipments between Russia and major European countries have long been interrupted. This move symbolizes The significance is greater than the actual effect.

In terms of macro data, U.S. durable goods orders in May recorded a monthly rate of 0.7%, higher than market expectations of 0.1%. Even though the current market has doubts about the economic recession, there is still a large demand for U.S. durable goods products. Among them, an important indicator of business investment excluding aircraft non-defense capital durable goods orders recorded a monthly rate of 0.5%. Despite the ongoing supply chain and labor shortages, market demand remained unabated.

Gold technical analysis

Upper pressure: 1844 / 1854 / 1873 US dollars / ounce

Lower support: 1822 / 1806 / 1795 US dollars / ounce

Operation suggestions

According to the gold hourly chart, yesterday the gold price hit the upper edge of the downward channel and fell sharply again. It fell below the support of the five-day moving average in one fell swoop. On the whole, gold prices still continue to fluctuate. As for intraday operations, focus on high-altitude opportunities. The upper pressure will focus on 1841-1844 US dollars/ounce, and the lower support will focus on 1822 and 1806 US dollars/ounce. ounces, try to avoid blind long and short operations in the short term, wait patiently for trading opportunities to appear, plan your stop loss and take profit before entering the market before each transaction, and avoid heavy position operations.

Silver technical analysis

Upper pressure: 22.86 / 25.53 / 27.2 US dollars / ounce

Lower support: 20.71 US dollars / ounce

Operation suggestions

According to the silver daily chart, yesterday the gold price hit the 21.4-21.6 US dollars / ounce area pressure and then ushered in a correction again. , once again highlights the importance of planning in advance. In terms of intraday operations, pay attention to the opportunity to pull back long orders. The main support is focused on 20.71 US dollars per ounce. Try to avoid blind long and short operations in the short term. Wait patiently for trading opportunities to appear. You should plan before each transaction. It is best to stop loss and take profit before entering the market, and avoid heavy position operations.

[Risk Warning: All opinions, analyses, research, prices or other data in the above content are only general market comments and do not constitute any investment advice. Investors operate accordingly at their own risk. Investment is risky, please operate with caution. 】