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April 29 - New research from the U.S. Geological Survey (USGS) indicates that the Appalachian region in the eastern United States contains enough lithium to reduce U.S. dependence on imports for centuries to come. The study shows that this area, covering Maine, New Hampshire, and the Carolinas, contains approximately 2.3 million tons of undiscovered, economically viable lithium deposits. This amount of lithium is enough to power 130 million electric vehicles or 1.6 million grid-scale batteries. Based on last years U.S. lithium imports, these reserves could replace 328 years of imports.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 5.0 occurred near Kuqa City, Aksu Prefecture, Xinjiang, at 03:16 on April 29. The final result is subject to the official rapid report.King Charles of Great Britain: The history of modern Anglo-American relations spans not just 250 years, but actually more than four centuries.On April 29, UAE Energy Minister Suhail al-Mazrouei stated in a media interview on the 28th that the UAEs decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) at this time was primarily due to factors such as the current restrictions on passage through the Strait of Hormuz, and he believes this decision will have a limited impact on the global oil market. Mazrouei told CNN that the UAEs announcement of withdrawal was "timely" and would not have a significant impact on the oil market and prices, because of the restrictions on passage through the Strait of Hormuz, which also apply to the UAE. This decision will help alleviate price pressures.On April 29th, it was reported that the U.S. Food and Drug Administration (FDA) plans to shorten the time pharmaceutical companies need to test new drugs by increasing transparency in clinical trials. Jeremy Walsh, the agencys chief artificial intelligence officer, stated that this proposal could shorten drug development cycles by "months, or even years." Under the plan, the FDA will monitor macro-level signals regarding the effectiveness and safety of experimental drugs in real time, but will not collect all individual patient data. The FDA also issued a notice on Tuesday seeking information on how to use artificial intelligence to accelerate early-stage clinical research, which the FDA described as "a key bottleneck in drug development."

Gold trading strategy on October 14: the key to staying at the Qianba pass, but the fundamentals are still bearish

Oct 26, 2021 11:03

Spot gold fell slightly on Thursday (October 14). The short-term trend is still unclear. The fundamentals are bad and the bulls are strong. Investors are advised to wait and see for the time being.


Daily level: The price of gold ushered in a surge on Wednesday, only one step away from the 1800 mark.

Fundamentals are still unfavorable for the bulls. The minutes of the US September meeting once again affirmed the reduction in November, which will put greater pressure on gold prices as November approaches.

RSI shows that the price of gold is slightly overbought, but the bigger test lies in the stay of the 1800 line. If it fails to break through the 1800 mark, the price of gold is bound to fall under pressure.

Investors are advised to wait and see for the time being and wait for further clarification of the direction of operation.

The initial resistance above focuses on the 1800 psychological mark, and further attention is paid to the August 5 high of 1814.89 and the August 30 high of 1823.31.

The initial support below focuses on the 50% retracement level 1778.22, and further attention to the 38.2% retracement level 1764.93 and the 23.6% retracement level 1748.49.

(Spot gold daily chart)

Resistance levels: 1800.00; 1814.89; 1823.31
Support levels: 1778.22; 1764.93; 1748.49

Short-term operation advice: wait and see first.

GMT+8 14:03, spot gold was quoted at US$1,790.90 per ounce.