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September 18th - According to Axios, US President Donald Trump is planning his first meeting with Venezuelan interim president Delcy Rodriguez as early as next week. Sources say the talks may take place during the UN General Assembly in New York. Trump plans to discuss the situation in Iran with Gulf leaders concurrently and hopes to arrange a meeting with Rodriguez. A Trump advisor stated that Venezuela is one of the Trump administrations key achievements, and Rodriguez is a key figure in promoting US-Venezuela relations. A senior US government official said the meeting is not yet finalized and the final arrangements depend on Trump himself. Trump previously responded "maybe" when asked if he would meet with Rodriguez. Rodriguez assumed power after the capture of former leader Nicolás al-Nimadro in a US military operation and has worked with the Trump administration and Secretary of State Marco Rubio to normalize US-Venezuela relations, including a previously reported major Venezuelan oil deal. The report points out that Trumps side is more focused on domestic political issues such as energy prices and immigration policy than on promoting democratic elections in Venezuela.According to Axios, US President Trump plans to hold his first meeting with Venezuelan interim president Rodriguez as early as next week.Disney (DIS.N) said that pressure from the Trump administration’s previous criticism and regulatory actions against ABC has led it to ask the court to block the Federal Communications Commission (FCC) from reviewing its broadcast license ahead of schedule.Conflict Update: 1. According to Lebanons Al-Ahram newspaper: Saudi Arabia has requested Oman to mediate a two-week ceasefire with the Houthi rebels. 2. Saudi Civil Defense stated that the Houthi rebels launched a drone at Taif, Saudi Arabia. 3. Iranian Revolutionary Guard: At 10:12 AM on the 17th, an advanced air defense system intercepted and destroyed the 53rd US MQ-9 drone over Qeshm Island. 4. UK Maritime Trade Operations Office: A westbound oil tanker reported being pursued and attempted to intercept by a small boat 75 nautical miles east of Aden, Yemen. 5. Trump stated that the war with Iran is approaching a critical juncture, and he needs to decide whether to resume large-scale military operations to push for an end to the conflict. 6. US media: Iranian forces recently shot down at least two US MQ-1 series drones; the specific model involved is currently unclear. 7. Iranian Foreign Ministry: Any act of aggression against Islamic holy sites should be condemned. Meanwhile, the mere claim of intercepting a drone bound for Mecca is insufficient grounds for accusing any particular party, especially since the Houthis have explicitly denied this claim. Other developments: 1. The US approved the Iranian president and foreign ministers trip to New York for next weeks high-level UN General Assembly meeting. 2. Turkeys Ministry of Defense condemned the Houthi drone attack on Saudi Arabia. The Houthi threat to the Red Sea and the Bab el-Mandeb Strait harms global maritime trade. 3. Irans Foreign Ministry, in retaliation for a similar action by Sweden, demanded the departure of a Swedish diplomat. 4. Satellite imagery shows Saudi Arabia is constructing a bypass for a key east-west oil pipeline to bypass pumping stations damaged in previous attacks. 5. Israeli Prime Minister Netanyahu: We must carry this mission through to the end and overthrow the Iranian regime. The U.S. Federal Communications Commission approved foreign funding for the merger between Paramount and Warner Bros.

Gold trading strategy on October 11: Gold prices are expected to continue to fluctuate sideways, but the downside opportunities are slightly greater

Oct 26, 2021 11:01

On Monday (October 11), spot gold fell slightly. The short-term gold price is expected to continue to maintain a sideways trend, and the downside opportunities are greater than the upside. It is recommended that conservatives wait and see, and radicals short rallies.


Daily level: The price of gold rose and fell last Friday, showing that the short-term strength is still very strong, and the long-term short-term is unlikely to attack again.

The price of gold is still maintaining a sideways trend. This trend is expected to continue in the day. On Monday, the United States will not release economic data due to a holiday, which also determines that the trend of gold will not be too volatile.

Investors need to focus on the downside risk of gold prices. The initial support below is at the 23.6% retracement level of 1743.90. A fall below this level will open the door to the psychological barrier of 1721.76 and 1700.

On the upside, initial resistance focuses on the October 4 high of 1770.44, and further attention to the October 8 high of 1781.41 and the July 23 low of 1790.26.

(Spot gold daily chart)

Resistance levels: 1770.44; 1781.41; 1790.26
Support levels: 1743.90; 1721.76; 1700.00

Short-term operational recommendations: conservatives take the wait and see, and radicals short rallies.

GMT+8 13:54, spot gold was quoted at $1755.94 per ounce.