Secondly, because the internal market is greatly influenced by the external market, investors should pay close attention to the influencing factors of international gold prices. As the gold reserves held by the United States rank first in the world, the trend of American economy directly affects the trend of international gold prices. The United States publishes some economic data almost every day, and the market often predicts the development of the American economy based on these economic data. Therefore, only by paying close attention to the economic data of the United States can we better grasp the trend of gold prices. Generally speaking, if the economic data shows negative, it will hit the dollar, which is good for the gold price, while if the economic data shows positive, it is bad for the gold price, and most of the time the two are negatively correlated.
Thirdly, some major domestic policies also have a great influence on the price of gold. For example, this week, the China Banking Regulatory Commission announced that commercial banks will participate in gold futures trading, which has a huge positive effect on domestic gold futures. Recently, the CPI index, which everyone pays more attention to, also has a great influence on gold futures.
Finally, the analysis of technical graphics is also very important. Compared with stocks, technical analysis has a greater impact on futures, so it is concluded that the most important thing to judge the general trend of the market is to choose a better entry point through technical analysis. In this way, there will be no situation where you don't make money by watching the trend.
Through the above analysis, we believe that domestic gold futures will face a relatively large correction on Monday, and investors are advised to operate cautiously to avoid the risks brought by the fall in gold prices. Donghua Futures john young