GOLD 27/6/2023

2023年6月26日

SPDR CONTINUES SELLING, IMPORTANT ECONOMIC NEWS TO BE ANNOUNCED TONIGHT!!!
I. SPDR Fund: Sold 1.44T on June 26th.
II. Macro and Intermarket News:
According to CME: On June 26th, a prediction of 28.1% for keeping interest rates unchanged and 71.9% for a 0.25% increase in the July meeting.
On June 27th, a prediction of 25.6% for keeping interest rates unchanged and 74.4% for a 0.25% increase in the July meeting.
Bond Market: Money flow stable.
Junk bonds: Around the reference level.
High-yield government bonds: Slight decrease in interest rates.
Equity Market: Tech megacap stocks decline.
SPX: Slight decrease.
DJ: Slight decrease.
NASDAQ: Sharp decline.
RUSSELL: Around the reference level.
Government bond yields:
2-year term: Slight increase.
10-year term: Slight increase.
Yield Curve: Very steep.
FED's Williams: Restoring price stability is of utmost importance.
Japanese Vice Minister of Finance for International Affairs, Masato Kanda, stated that Japan does not rule out any options in dealing with the weakening yen.

III. Economic Indicator News:
Tuesday:
15:30: MPC member speech and ECB member speech.
16:30: ECB member speech.
19:00: Building permits and ECB member speech.
19:30: Durable goods orders and core orders.
20:00: House price index.
21:00: Consumer confidence.
New home sales.
Richmond manufacturing index.

IV. Technical Analysis:
OMXSTO:INDEX: 12-pip decrease from the opening price, 50% bearish candle.
Gold: 30-pip increase from the opening price, 10% bullish candle.
Sentiment index: Risk-on.
FXbook ratio: Short 43%, Long 57%.
Oil: Around the reference level.

Opinion and Strategy:
Opinion:
Last Monday was marked by an absence of significant information, but some tech megacap stocks, including Tesla, continued their downward trend.
Tonight, there will be important economic news announcements.

Strategy:
Sell Gold 1926-1928
Take profit at 1920-1918-1911-1907.

It is not recommended to trade during strong news releases or important economic indicators.
Trading always carries risks, and the provided information is for reference purposes only. Traders should take responsibility for their own trading decisions.
Wishing you successful trading!
LONGE TRADER