Morning of May 6th, Four Roads
Successful chair holders are often not the ones who predict the best, but those who can strictly follow the rules, effectively manage risks, and continuously adapt to market changes. Recently, market swing opportunities have been quite evident, capturing three or four swings in a day can yield good profits. For example, the rebound to around 94500 suggested in the morning yesterday led to a successful dual harvest of over a thousand profits.
1️⃣ Futures: Around 95000-95800, looking at around 93000-92200.
2️⃣ Futures: Around 1830-1850, looking at around 1790-1760.
Risk aversion sentiment has returned to the market, with gold rising nearly 3%, approaching the elimination of the drop over the past week.
A report released by the World Gold Council shows that in the first quarter, global gold prices broke historical highs 20 times, resulting in a 21% year-on-year decrease in global gold jewelry consumption, the lowest point since 2020. However, gold investment demand saw a significant increase, with global gold investment demand reaching 551.9 tons in the first quarter, a year-on-year increase of 170%. This indicates that, amidst the backdrop of continuously rising gold prices, global jewelry demand has decreased, but the investment attributes of gold are more favored.
