[Market Evening] The International Gold Price Rebounded Slightly, the US Dollar Fell in a Low-Key Manner, And the US Economy was "Bearish" Again?

As of 17:00 (GMT+8), spot gold was up 0.291% at $1851.61/oz, and spot silver was up 0.729% at $21.965/oz.

Comment: Gold rebounded strongly in the U.S. market yesterday, but it was still suppressed by the moving average. Gold began to fall after meeting the resistance of 1870 and fell below the 4-hour moving average support. The current rebound is a confirmation of the previous breakout. It seems to be a strong rebound, but there is no continuity. The pressure of 1850 seems to be difficult to break through at present. It will continue to fall.

Suggestion: short  Spot gold at 1851.70, and the target point is 1827.90.

As of 17:00 (GMT+8), the US dollar index fell 0.283% to 102.29, EUR/USD rose 0.330% to 1.06868; GBP/USD rose 0.371% to 1.25303; AUD/USD rose 0.189% to 0.71905; USD /JPY fell 0.165% to 129.915.

Comment: France's GDP grew by 4.5% in the first quarter, down 0.2% from the previous quarter. At the same time, the economies of major countries in the eurozone, such as Germany and Italy, are also on the verge of decline. The euro against the dollar fell sharply for the second consecutive trading day on Wednesday (June 1), with the lowest intraday falling to 1.0627, a drop of 0.8%. Although the European Central Bank announced that it would end the support of negative interest rates before September, the euro has retreated from the recent rebound high against the dollar due to fears that the Federal Reserve will continue to raise interest rates strongly in June.

Suggestion: short the euro against the dollar at 1.06890, and the target point is 1.05930.

As of 17:00 (GMT+8), WTI fell 1.934% to $111.138/barrel; Brent fell 2.017% to $112.720/barrel.

Comment: If Russian production falls, Saudi Arabia will increase oil supply, which greatly eases concerns about tight supply; moreover, some bulls took profits ahead of the OPEC+ meeting on Thursday, which also dragged down oil prices. From a technical point of view, the short-term bearish signal has strengthened. If oil prices can stick to the support of the 21-day moving average, there will still be a chance for the market to move higher. The 10-day moving average of 113.11 has been transformed into the initial resistance. The low resistance on May 31 is near 114.15, and the resistance of the 5-day moving average is near 115.00. If it can regain this position, it will weaken the short-term bearish signal, and further resistance refers to the high point of 116.64 on March 24.

Suggestion: short U.S. crude oil at 110.870, and the target point is 109.230.

1. Moonbeam is working with Lido to introduce liquid staking services to Polkadot;

2. Kroo, a U.K. digital bank, completed a £26 million Series B financing;

3. The British Treasury issued a consultation paper and proposed measures to reduce the risk of stable coin investors;

4. Fidelity Digital Assets: Fidelity will have little impact on cryptocurrency price drops and will provide 24-hour trading support;

5. Pictoria, an AI VTuber company, completed 120 million yen financing, and Mask Network participated in the investment;

6. Morgan Stanley: Encryption companies received $30 billion in V.C. funding last year, and investment and trading activity may slow this year;

7. BNB Chain released the technical roadmap.

The Taiwan Weighted Index rose 0.476% to 16609.1 points;

The Nikkei 225 rose 0.189% to 27,514.5 points;

Hong Kong's Hang Seng Index rose 0.209% to 21104.0 points;

Australia's S&P/ASX 200 rose 0.117% to 7181.45.

20:15(GM+8):

U.S. ADP employment in May. (10,000)

20:30(GM+8):

U.S. initial jobless claims for the week ended May 28. (10,000)

U.S. continuing claims for unemployment benefits for the week ended May 28. (10,000)

22:00(GM+8):

U.S. factory orders monthly rate in April. (%)

U.S. April durable goods orders final monthly rate. (%)

23:00(GM+8):

Changes in U.S. EIA crude oil inventories for the week ended May 27. (10,000 barrels)

Changes in U.S. EIA refined oil inventories for the week ended May 27. (10,000 barrels)

Changes in U.S. EIA gasoline inventories for the week ended May 27. (10,000 barrels)

U.S. EIA weekly crude oil imports for the week ended May 27. (10,000 barrels)