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On October 13, Ukrainian President Zelensky said on Sunday that Ukraines counter-offensive in the southern Zaporizhia region and the Donetsk region has made progress. Donetsk is the core area of the conflict, and Kyiv has been reporting battle results in recent days. Kyiv said that for several weeks, the Ukrainian army has made progress near the town of Dobropilya. The town is close to the logistics hub of Pokrovsk, which is one of the key targets of the Russian armys slow westward advance in the Donetsk region. In his evening video speech, Zelensky said: "At present, Ukrainian troops are continuing their counter-offensive near Dobropilya, and are also operating in other directions, especially near Orishiv in the Zaporizhia region. There, our troops advanced more than 3 kilometers today."French Prime Minister Le Cornu: The governments goal is to obtain a budget before the end of the year.On October 12th, local time, an Israeli government spokesman stated that the IDF had withdrawn to the Yellow Line and hoped all detainees would be released as soon as possible. The spokesman stated that the Israeli detainees would be released in the early hours of the 13th local time. After all surviving detainees were released, Israel would prepare to receive the remains of the 28 victims. Once the release of the detainees was confirmed, the Palestinian detainees would also be released.French President Macron: The agreement reached in Gaza brings a glimmer of hope for peace in the Middle East, and the Russia-Ukraine conflict must end as soon as possible.French President Macron: France condemns Russias attack on Ukrainian infrastructure and is working with partners to restore critical services.

Forecast for the price of gold: Gold Markets Give Up an Early Gain

Daniel Rogers

Jul 13, 2022 10:57

 截屏2022-07-12 下午5.37.37.png

 

Tuesday's trading session saw a little rally in gold prices, but those gains were quickly erased. Given that there have already been a few instances of sellers entering the market, it is more probable than not that the market will continue to drop lower. The $1750 level should continue to generate some noise. In the end, I believe that this market will continue to exhibit a lot of choppy behavior, mostly as a result of how strong the US dollar has been. That will continue to have a significant impact on both the gold markets and other commodity markets.

 

It is expected that the gold will decline and maybe approach the $1700 level if we break below the candle's bottom. The $1700 level has to be closely monitored because, based on all I can tell, a breakdown below it will trigger much more ferocious selling. In the end, I do not think this market has the momentum to change things anytime soon, at least not until we go well beyond the $1800 barrier, and it would almost probably have to do with a significant change in the bond markets.

 

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Considering this chart, it is likely that there will be a lot of commotion going forward, so pay attention to the size of your investment. You don't want to be overexposed in this market because, despite what the next move is, it's probable that we will have excessive noise and danger. This market, in my opinion, continues to experience a lot of harmful noise.


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