It is currently 8 o'clock in the evening Beijing time. I have just finished the live broadcast. I have quickly updated an article about my views on the evening US core PCE price index data in April. The current market expectation is that the data will record 2.9%, which is much h

The greatest courage in life is the ability to maintain trust and love despite being deceived and hurt. The greatest courage in trading is to wait for shocks and sideways, and still stick to the unilateral and breakthrough aspirations~

It is currently 8 o'clock in the evening Beijing time, and I have just finished the live broadcast. I quickly updated an article about the evening US core PCE prices in April. The view held by the index data is that the market currently expects the data to record 2.9%, which is much higher than the previous value of 1.8%. From the perspective of market expectations, it will be good for gold and bad for the US dollar, but it is really Can it show such a market environment?

The answer must be the opposite. If inflation data surges strongly, this will put the Federal Reserve a lot of pressure, causing it to be forced to tighten its loose policy. As far as this behavior is concerned, it will be negative for gold and positive for the US dollar. Therefore, the focus of tonight's data is whether the performance of the data can meet market expectations.

But no matter how the data performs, I am very optimistic about the Fed's tightening and easing in early June. This will weaken the purchasing power of the gold market in the process, causing it to repair the impact of the previous surge from 1677. Therefore, I still adhere to the view of being bearish on gold and am committed to its forming a strong covering in the stage! At the time of writing

, the price of gold has fallen below the support of the US$1888 mark, which is considered to be in line with the baseline expectations. I made it very clear during the live broadcast. The two tests to 1888 resulted in an increase in the price. The third time I tested it again, it went directly to the bottom. The probability of failure is infinitely expanding. But this period of decline collapsed in front of the data, which is a bit in line with the data expectations.

However, it proves in disguise that the sentiment is gradually changing during the period. After tonight's market adjustment and correction, the probability of short collapse in early June will increase infinitely. At that time, any correction high point will reach emotional resonance and form selling pressure on gold prices!

Let’s wait for the data. The data will be released in five minutes. Even if I send it directly, it will not be timely enough.

is here. In the PCE data just released, the data recorded 3.1%, which was higher than the 2.9% expected by the market. The data was negative for gold, but the gold price strengthened in the short term, and the sentiment accumulated in the market was finally released in the short term. However, with the sharp surge in data, I think the Fed's face is "ugly" now. The next step is for the Fed to have no choice but to tighten easing!

Since today has reached the end of the trading day, I think it is not easy to see a sharp collapse of gold. A comprehensive layout for gold shorts will be launched next week. The transactions this week are unremarkable. Basically, after short-term profits are made, protection is eliminated. losses, but my expectations for gold shorts next week are very high!