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Angolas final plan shows that it will cut oil exports to 966,000 barrels per day in January.British Chancellor of the Exchequer Reeves and the Science Secretary will hold a roundtable meeting with telecommunications industry executives.On November 27th, Russian President Vladimir Putin stated on Thursday that the outline of the draft peace plan discussed between the United States and Ukraine could form the basis for a future agreement to end the conflict in Ukraine, but if not, Russia will continue fighting. Putin said, "Generally speaking, we agree that this can serve as the basis for a future agreement." He added that the version of the plan discussed by the US and Ukraine in Geneva has been submitted to Russia. Putin stated that the US is considering Russias position, but some issues still need to be discussed. He also stated that Russia is willing to provide guarantees of non-aggression if Europe desires them. "The fighting will only stop when the Ukrainian army withdraws from the areas they occupy. If they do not withdraw, we will force them to withdraw. Thats it." Putin also stated that the Russian army is accelerating its advance in Ukraine. Meanwhile, Putin stated that he believes the Ukrainian leadership is illegitimate, therefore a legally improbable agreement with Ukraine is impossible, and any agreement must be recognized by the international community, which must acknowledge Russias achievements in Ukraine. Putin also refuted claims that US Special Envoy Witkov showed favoritism towards Moscow in the Ukrainian peace negotiations, calling them nonsense.The commander-in-chief of the Ukrainian army stated that Russia had to deploy reserves during its operations in Pokrovsk.A senior aide to the Ukrainian president said that the work of the Ukrainian and U.S. delegations on the peace plan will continue this weekend.

Gold trading strategy on October 1st: The price of gold may rise further, and you can consider chasing more if it breaks through 1764

Oct 26, 2021 10:57

Spot gold fell slightly on Friday (October 1), and the short-term technical outlook is likely to rise further. However, the price of gold is still in a downward channel. We are concerned about whether it can break through the upper trend line in the day. .


Daily level: The price of gold rebounded sharply on Thursday, and a "bullish engulfing" pattern appeared on the K-line chart, which means that the price of gold may continue to rise in the near future.

From the technical chart, the price of gold rose strongly to the 23.6% retracement level of 1743.94 and the 10-day moving average, and the short-term downward trend was curbed. In addition, KDJ took the lead to form a golden cross, and the MACD green column quickly shortened, showing that the bull energy is accumulating.

The important resistance above is the downward trend line. If the resistance of the trend line can be broken, the price of gold is expected to exit the downward channel. But if it fails to break through, it implies that the price of gold will continue to fall back. Investors are advised to wait and see for the time being.

The initial resistance above the trend line is at 1764, and further attention is paid to the 38.2% retracement level of 1777.03 and the July 23 low of 1790.26.

The initial support below focuses on the 23.6% retracement level of 1743.94, and further attention to the low of 1721.76 on September 29 and the low of 1705.89 on April 1.

(Spot gold daily chart)

Resistance levels: 1764.00; 1777.03; 1790.26
Support levels: 1743.94; 1721.76; 1705.89

Short-term operation suggestions: wait and see for now, break through 1764 to chase more.

GMT+8 13:51, spot gold was quoted at $1751.53 per ounce.