• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The governor of the region stated that Russias Yaroslavl region was hit by a large-scale Ukrainian drone attack, with industrial fuel storage facilities being struck.According to Iranian state media, a limited cyberattack disrupted four Iranian banks, but no data breaches were found.On June 14, Alibaba Group responded to inquiries, stating that the rumor of Zhou Jingrens resignation was completely false. "We have noticed that some people have been organizing the spread of this rumor online in recent days, and we urge everyone not to spread false information."On June 14th, a special meeting to promote the construction of the Cross-Strait Integrated Development Demonstration Zone was held in Xiamen, Fujian Province on the 13th. Wang Huning, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chairman of the National Committee of the Chinese Peoples Political Consultative Conference, attended and delivered a speech. He stated that it is necessary to thoroughly implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee, implement General Secretary Xi Jinpings important expositions on Taiwan-related work and the Partys overall strategy for resolving the Taiwan issue in the new era, and build a high-quality Cross-Strait Integrated Development Demonstration Zone to promote greater achievements in cross-strait integrated development during the 15th Five-Year Plan period. Wang Huning stated that during the 15th Five-Year Plan period, deepening cross-strait integrated development and building the Cross-Strait Integrated Development Demonstration Zone will usher in broad development opportunities and prospects. Support should be given to Fujian to explore new mechanisms, new paths, and new models for cross-strait integrated development, promote higher-quality, deeper, and broader integration, and further leverage the leading role of the Cross-Strait Integrated Development Demonstration Zone.June 14th - This morning, the Songjiawan Downward Tunnel and the Pujia Gou Upward Tunnel, two key connecting tunnels located at Lezhi Station in Ziyang, Sichuan Province, were successfully completed, marking a crucial breakthrough in the hub connection project between the Chengdu-Chongqing Central Line High-Speed Railway and the Chengdu-Dazhou-Wanzhou High-Speed Railway. Lezhi Station is a newly built station and the only hub station connecting both high-speed railways simultaneously. The two connecting tunnels link the main lines towards Chengdu and Chongqing respectively, providing convenient conditions for trains to cross lines and turn around for traffic congestion relief.

Gold trading strategy on October 8: Gold price trend depends on non-agricultural performance, radicals lay out short orders on rallies

LEO

Oct 26, 2021 11:00

On Friday (October 8), spot gold price rose slightly. The short-term gold price trend depends on the quality of non-agricultural data. It is recommended that conservatives wait and see, and radicals short rallies.


Daily level: Gold prices have traded sideways for several days, the market temporarily loses its direction, and investors are waiting for the non-agricultural report with bated breath.

If there are no accidents in non-agricultural sectors, it will be imperative for the Fed to reduce QE in November, so the price of gold is likely to be under pressure again. If it breaks below the 23.6% retracement level support, it will open the door to 1721.

The initial resistance above is concerned with the 38.2% retracement level 1764.27. If it breaks through this level, it will look at the 50% retracement level 1777.59 and the 61.8% retracement level 1790.91.

The initial support below focuses on 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 operating recommendations: conservatives wait and see, radicals short rallies.

GMT+8 13:54, spot gold was quoted at US$1758.81 per ounce.