April 24 gold T + D opened lower after a narrow range, once refreshed a week and a half low to 284.29 yuan / gram, because the first round of the French presidential election results with the previous polls basically meet the market risk aversion to cool, The market is still concerned about this week’s Trump’s tax reform plan, the European Central Bank interest rate decision and the US GDP and other data.

According to the observation, according to the French first round of the election of the Ministry of the Interior data, in the first round of the French presidential election, as of 07:30 GMT, Mark Hong and Le Pen, respectively, with 23.86% and 21.47% of the vote ahead, billing progress of 96.57%; The French Ministry of the Interior data is based on the results of 46.46 million voters.

ThomasHainlin, global investment analyst at AscentPrivateCapitalManagement, an international private asset manager, said the results of the polls were quite close to those of the previous polls, which assured the financial markets.

Which can be judged Mark Hong and Le Pang will participate in the May 7 second round of the presidential election, and many polls show that Mark Hong is expected to beat Le Pen in the second round of the election, the market is expected to fall sharply from the European risk, the market Of the risk of risk also significantly cooling the formation of the drag on the gold, the international spot gold earlier hit a minimum of 1265.54 US dollars / ounce, a two-week low; domestic gold T + D on Monday also Tiaokongdikai.

At present, the gold T + D in the short-term has fallen 5-day moving average and 10-day moving average support, and short-term has fallen since March 10 rising trend line support, if not quickly recovered, will increase the gold T + D finished down V Type may be, gold T + D may restart the center line decline; if the rebound to 10-day moving average 285.28 yuan / g above, it will reduce the downside risk.

However, the current market sentiment is still unstable, due to the May 7 French second round of the presidential election, Italy, Britain, Germany will also be held during the year, the market’s risk aversion has not completely subsided, the international spot gold In the vicinity of the important support at 1265 US dollars / ounce rebounded to 1275 US dollars / ounce near the limit of the gold T + D downside, the domestic gold T + D below the 20-day moving average 282.68 yuan / g near the support, the important support at 2 Month 28 high of 281.50 yuan / gram near.

It is worth mentioning that this week will be released in the United States in March durable goods orders data and the US first quarter GDP data, a greater impact on the price of gold, investors need to focus on; US President Trump about Wednesday (April 26 ) Announced the tax reform plan, Thursday (April 27) the Bank of Japan and the European Central Bank will also announce interest rate resolution, investors also need to be noted.