Trex Global

TREX Global’s view:Although Powell said that he will further raise interest rates, the overall speech content is not particularly hawkish, and the dollar’s rise has been hindered. In the past few trading days, the dollar’s short-term gains have been relatively large, and the dollar also has some adjustment needs. Gold prices stick to the 1860 mark There is a need for a further rebound in the short term in the market outlook, focusing on resistance at the 1886.50 and 1900 mark. However, it is expected that more Fed officials may comment on the non-agricultural data. The market may further increase the Fed’s terminal interest rate expectations. Space, if the gold price cannot regain the 1900 mark, the market outlook will still tend to fluctuate downward.