• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 13, Iranian Foreign Ministry spokesman Bagaei said that the specific timing for signing a memorandum of understanding between Iran and the United States still needs to be awaited, and there are no plans for an overseas visit in the next day or two.Domestic News: 1. Six departments jointly issued the "Guidelines for the Classification and Grading of Financial Information Service Data". 2. Eleven departments, including the Ministry of Transport, jointly issued a document to promote the large-scale application of new energy heavy trucks. 3. Yu Xiaoping, former vice president of the Peoples Insurance Company of China, is under investigation. 4. The China Motorcycle Chamber of Commerce advocates consciously abandoning unethical business practices such as malicious low-price dumping and disorderly bidding for orders. 5. A spokesperson for the Ministry of Commerce answered reporters questions regarding the US Department of Defenses inclusion of some Chinese companies in the "List of Chinese Military Enterprises". International News: 1. "Sister Wood" sold AMD stock and bought $440 million worth of SpaceX stock. 2. Trump: US military killed Ninho Guerrero, leader of the "Aragua Trains" organization. 3. ECB Governing Council member Nagel: Even if the conflict ends, prices may remain high for a long time. 4. US capital is vying for Venezuelan oil fields, planning to create the first Venezuelan oil company listed on Nasdaq. 5. The US bans foreign entities from accessing Fable 5 and Mythos 5; Anthropic issued a lengthy rebuttal. 6. Middle East Situation—① Irans late Supreme Leader Khamenei will be buried on July 9. ② Lebanese sources: A new round of Lebanon-Israel talks will be held on July 22. ③ Pakistani Prime Minister: A US-Iran agreement is expected to be finalized within 24 hours, with electronic signing to take place immediately afterward. Technical negotiations are planned to begin next week. ④ Trump retweeted a tweet from the Pakistani Prime Minister regarding the possibility of signing a US-Iran peace agreement within 24 hours. ⑤ Iranian Foreign Ministry: A potential US-Iran memorandum of understanding is not a final agreement and will not be signed tomorrow, but completion within the next few days is not ruled out. ⑥ Media reports that an Iranian delegation will visit Pakistan on July 14. The Iranian Foreign Ministry denies this: There are no plans to visit Pakistan or Geneva in the coming days.On June 13, Iranian Foreign Ministry spokesman Baghae said that any potential understanding between Iran and the United States is merely to promote continued dialogue, not a final agreement; unfreezing Iranian assets will be an indispensable part of any Iran-US understanding. According to the Iranian Students News Agency, Baghae said during a meeting with media representatives that Irans current focus is on ending fighting on all fronts and regional tensions, and that it will not delve into the details of the nuclear issue at this stage. He said the only way to achieve regional security is to end the presence of foreign military forces in the region. Baghae emphasized that the unfreezing of Iranian assets is an important component of the understanding and will not be excluded. Current discussions also include addressing US hostile actions against Iranian vessels and issues related to the Strait of Hormuz. Baghae said that Iran will proceed with the utmost caution in advancing negotiations and the diplomatic process, while remaining vigilant based on past experience. If the other side refuses to fulfill its obligations, Iran can take countermeasures.A senior U.S. government official said: "We believe a trade agreement between the U.S. and India is possible, but we do not expect it to be finalized during the G7 meeting."A senior U.S. government official said a trade agreement with India is expected to be discussed at the G7 summit.

Gold trading strategy on October 6: Pre-non-agricultural gold prices are expected to fluctuate within a narrow range

Oct 26, 2021 10:58

On Wednesday (October 6), spot gold fell for the second consecutive day. Short-term gold prices may continue to fluctuate before the non-agricultural report is released. Investors are advised to wait and see for the time being.


Daily level: The price of gold fell slightly on Tuesday, and the support of the trend line will be tested in the day.

The short-term trend is relatively volatile and the operation is more difficult. It is expected that the non-agricultural report this Friday will guide the future trend of the gold price, and the price of gold may continue to fluctuate before this.

The technical side is mixed. On the one hand, the MACD is at a low level to form a golden cross, and on the other hand, the price of gold is still running below the middle track of the Bollinger Band. If the price of gold holds the trend line support, it will lay the foundation for further increases. Investors are advised to wait and see for the time being.

The upper resistance focuses on the 38.2% retracement at 1764.27, and further attention is paid to the 50% retracement at 1777.59 and the 61.8% retracement at 1790.91.

Below support is concerned about the 23.6% retracement level of 1747.79, and further attention is paid to the low of 1738.12 on September 23 and the low of 1721.76 on September 29.

(Spot gold daily chart)

Resistance levels: 1764.27; 177.59; 1790.91
Support levels: 1747.79; 1738.12; 1721.76

Short-term operation advice: wait and see first.

GMT+8 13:47, spot gold was quoted at $1,751.50 per ounce.