Non-agricultural data is coming, gold trend analysis The biggest news overnight was the expected rate cut by the European Central Bank, which indicated that the European Central Bank may cut interest rates further.
Although the trade war with the United States is imminent and Europe plans to increase military spending, it has triggered the most significant economic policy shift in Europe in decades.
In addition, the number of initial jobless claims in the United States last week fell by 21,000, a larger drop than expected, suggesting that the labor market remained stable in February, but import tariffs and drastic government spending cuts will cause turbulence in the future.
In addition, the number of initial jobless claims in the United States last week fell by 21,000, a larger drop than expected, suggesting that the labor market remained stable in February, but import tariffs and drastic government spending cuts will cause turbulence in the future.
In the early morning, Federal Reserve Chairman Powell will also give a speech at the University of Chicago Booth School of Business, so everyone should pay close attention.
From the perspective of the 1-hour cycle, it is very similar to the 4-hour cycle, and it is not an exaggeration to say that it is a nested structure. The same trend line breaks down, and the same high point moves down. Again, not chasing the rise is a discipline that must be followed. Even if it breaks through 2930 today, the upper 2940--44 area will still be beaten down. So in the short term, you can short around 25. Conservative investors can wait for the release of non-agricultural data and choose the opportunity to enter the market.
