On Tuesday (July 5th), the spot gold fluctuated and retraced in the intraday market, and the gold price temporarily remained fluctuating around US$1,805/oz.
German government officials are currently discussing an amendment to the law and are preparing a possible bailout for similar companies to take action to strengthen energy security by amending the energy security law, which could be tabled in parliament on Friday, three sources said. They also could allow the government to quickly impose a special tax on consumers to fairly pass on soaring energy costs, the sources said. Separately, a spokeswoman for the German economy ministry said the Nord Stream 2 pipeline was not certified, so gas from the pipeline could not be used .
According to the “Wall Street Journal” on July 4, citing sources, U.S. President Biden is expected to announce the cancellation of some of the additional tariffs on China soon. The plan is understood to include a moratorium on tariffs on consumer goods such as clothing and school supplies.
On July 4, local time, the United States illegally stationed 55 oil tankers in Syria to transport several tons of Syrian oil it stole to Iraq through the Mahamoudi border crossing in Hasakah province in northeastern Syria.
The current indicator macd on the daily line still maintains the shrinkage of the dead fork, flattened and oscillated, and the smart indicator sto hooked up and repaired, which means that the price of gold fluctuates slightly and tends to rebound, but it also lacks strength. At present, the top of the daily line is suppressed on the moving average MA10 and the middle track and the moving average MA30 is suppressed corresponding to the 1818-1829-1836-1839 line.
Combined with the analysis of the weekly and monthly lines yesterday: the spot gold price rebounded at least below 1831 this week, and the limit was 1858. In the short term, look at the 1831-38 range to suppress.