[Market Evening] The International Gold Price is Expected to Fall Below $1,798, and Bitcoin Will Fall Below the 20,000 Integer Mark

As of 17:00 (GMT+8), spot gold fell 0.102% to $1815.40/oz, and spot silver fell 0.159% to $20.673/oz.

Comment: International gold prices continue to be under pressure and are expected to record their worst quarterly performance since the first quarter of 2021, as the dollar has strengthened significantly, and the aggressive hawkish policies of major central banks to deal with stubborn inflation also cast a shadow over the outlook for gold. With the conclusion of the ECB's Sintra Forum, quarter-end flows and US inflation data will drive gold prices.

Suggestion: short spot gold at 1814.70, and the target point is 1803.60.

As of 17:00 (GMT+8), the US dollar index rose 0.010% to 104.86, EUR/USD fell 0.006% to 1.04400; GBP/USD rose 0.154% to 1.21388; AUD/USD rose 0.126% to 0.68895; USD /JPY fell 0.270% to 136.147.

Comment: If the euro continues to slide, the bottom will again test the low 1.0359 reached in mid-June, and the top 1.0530 constitutes initial resistance. A further break below the 1.2114 retracement level would open a path to the 2022 low of 1.1934. The top 1.2330 currently constitutes the initial resistance, and the decline above this level may be expected to get a respite.

Suggestion: short the euro against the dollar at 1.04350, and the target point is 1.03970.

As of 17:00 (GMT+8), WTI rose 0.230% to $108.571/barrel; Brent rose 0.532% to $112.221/barrel.

Comment: International oil prices were mixed. Although the US refined oil inventories increased, the tight global supply and demand situation is expected to limit the downside of oil prices. Ecuador's output fell due to ongoing protests, and Saudi Arabia is likely to raise light sweet crude prices for a second straight month in August, targeting Asian customers.

Suggestion: long US crude oil at 108.650, and the target point is 110.980.

1. The US SEC has rejected the Grayscale spot Bitcoin ETF application;

2. Grayscale GBTC has a negative premium of 28.46%, and the number of coins held is 638,500 BTC;

3. Harmony raised the hacker bounty to $10 million and cooperated with law enforcement to conduct a global investigation;

4. The cross-chain bridge Stargate has established an ETH pool and supports ETH cross-chain transfers;

5. Samsung will announce mass production of the 3-nanometer process, and the first customer will be a mining chip factory;

6. US Treasury Secretary Yellen will discuss the risks of stablecoins with relevant agencies on Thursday, local time;

7. FTX seeks to acquire BlockFi, a cryptocurrency trading, and lending platform;

8. US Pentagon report: Blockchain is not decentralized and vulnerable to attack.

The Taiwan Weighted Index fell 2.779% to 14746.9 points;

The Nikkei 225 fell 1.704% to 26253.5 points;

Hong Kong's Hang Seng Index fell 1.107% to 21807.0 points;

Australia's S&P/ASX200 index fell 2.301% to 6,544.35 points.

20:30(GM+8):

US personal spending monthly rate in May (%)

Canada's April seasonally adjusted GDP monthly rate (%)

Canada's April seasonally adjusted GDP annual rate (%)

US May PCE price index annual rate (%)

Annual rate of US core PCE price index in May (%)

US initial jobless claims for the week ended June 25 (10,000)

US continuing jobless claims for the week ended June 25 (10,000)

21:45(GM+8):

US June Chicago PMI

22:30(GM+8):

US EIA Operational Natural Gas Extended Flow (billion cubic feet) for the week ended June 24

Changes in US EIA natural gas inventories for the week ended June 24 (billion cubic feet)

U.S. June 30 4-Week Treasury Auction - High Allocation Percentage (%)

US June 30 4-Week Treasury Auction - High-Interest Rate (%)