1、 Fundamentals:

Last night, the United States released data showing that the number of initial claims for unemployment benefits in the United States fell by 20000 to 192000 in the week ended March 11; The number of Americans who renewed their claims for unemployment benefits fell by 29000 to 1.68 million in the week ended March 4. From the perspective of data, the number of initial claims for unemployment benefits in the United States last week recorded the largest decline since July last year, with the largest decline in New York, offsetting most of the increase in the number of initial claims for unemployment benefits in the previous week. Meanwhile, the import price index of February released by the United States fell by 0.1% month on month, and is expected to fall by 0.20%, compared with the previous value of 0.20%. The overall impact of the data on gold is small.

Last night, the European Central Bank, fearing the banking crisis, chose to raise interest rates by 50 basis points, but did not provide guidance on interest rates in May. However, the European Central Bank said that the Council of the European Central Bank was paying close attention to the current market tension and was ready to respond when necessary to maintain price stability and financial stability in the euro area. President Lagarde also said that financial stability is as important as price stability and is ready to provide liquidity support at any time. At the same time, driven by the Biden administration, a total of 11 major U.S. banks issued a joint statement, saying that they had deposited a total of 30billion dollars of uninsured deposits with the first Republic bank. After the U.S. government made relevant statements, the market re ignited the prediction of the Federal Reserve raising interest rates by 25 basis points next week. At present, the market is expected to have more than 80% probability that the Federal Reserve will raise interest rates by 25 basis points next week. Therefore, the short-term gold probability is expected to remain high.

2、 Technical aspects:

Gold (xauusd):

Undefined

From the 1H trend chart of gold in the above figure, after the gold rebounded from the bottom line of 1808, the price rose unilaterally, and the highest price rose to around 1937; From the perspective of structure, gold has maintained a high level of volatility, and has risen twice in a row, but it has not broken through the resistance near the previous high, indicating that there is a callback demand for short-term gold. MACD indicator shows that the double line is above the zero axis and there is a sign that the gold fork is upward, indicating that the market is rebounding. You can pay attention to the important pressure near 1932 above within the day, and you can try to empty the order with light positions.

Intra day trading strategy:

Short order: it is recommended to try to short near 1932.0, stop at 1937.0, and target near 1927.0-1910.0.

Silver (xagusd):

Undefined

From the 1H cycle chart of silver in the above figure, after silver stabilized and rose around 19.90, the price of Silver Rose unilaterally, up to around 22.36; From the perspective of morphology, after the market rose to around 22.36 and was under pressure, the price fluctuated up and down repeatedly, forming an obvious fluctuation range, which also showed that the rise was delayed and the price was facing adjustment in the short term when it was blocked. The MACD indicator shows that the double line is near the zero axis, showing a golden fork upward, indicating that the market is rebounding. You can pay attention to the important pressure near the top 22.07 within the day, and you can try to empty the order with light positions.

Intra day trading strategy:

Short order: it is recommended to try to short near 22.07, stop at 22.27, and target near 21.77-21.20.

[the above opinions and suggestions are for reference only and do not represent the position of the company. Therefore, the trading risk should be borne by the investor. It is suggested that investors should maintain an optimistic and cautious attitude and make specific analysis and response according to the specific situation.

3、 Message side:

1. 18:00 final value and monthly rate of February CPI in the euro area

2. 21:15 monthly rate of US industrial output in February

3. 22:00 us march one year inflation rate expectation

4. 22:00 initial value of University of Michigan consumer confidence index in March

5. 22:00 monthly rate of leading indicators of the US Chamber of Commerce in February