Mechanism: Thread short-term pullback treatment, pay attention to the support strength near 3600

Gold ten futures on April 23rd news, according to the CITIC construction investment futures analysis, the early positive gradually cash, after a rapid rebound, the main steel contract was a premium structure, short-term continued to rise insufficient power. In real estate, April 15th - April 21st, 10 key cities new commercial housing turnover (contract) area totaled 1.6082 million square meters, down 3.8% month-on-month, down 41% year-on-year. Steel inventories continue to dehydrate, raw materials rebound too fast to suppress the enthusiasm of steel mills to resume production. In the short term, steel prices are affected by the raw material side, and market optimism has cooled down in the short term. In the medium and long term, infrastructure investment may accelerate, and we can pay attention to the realization of macro benefits. Operationally, short-term pullback treatment, pay attention to the support strength near 3600, and layout long-term multi-order on dips.