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November 9th - According to a source from the Russian security services who spoke to Sputnik News, demoralized Ukrainian soldiers are surrendering en masse and deserting in the Kharkiv region. The source said, "Eight Ukrainian soldiers surrendered in the past 24 hours. Many more are abandoning their positions and deserting."November 9th - According to a report on the website of the Russian newspaper Izvestia on November 8th, Russian troops are about to "liberate" the city of Kupyansk in the Kharkiv region. Previously, the "Western" military group controlled the Oskol River crossing, blocking Ukrainian forces in that direction. Russian troops are currently completing their clearing operations in the western region of Kupyansk in the Kharkiv region.The governor of Voronezh region, Russia, said that a Ukrainian drone strike at night caused a disruption to electricity and heating supplies in the region.According to RIA Novosti, Russian air defense forces shot down 44 Ukrainian drones last night.On November 9th, internal documents from Meta Platforms (META.O) revealed that approximately 10% of the companys revenue, or about $16 billion, will come from fraudulent and prohibited advertising in 2024, highlighting loopholes in its advertising oversight. The internal Meta document shows that the social media giant has failed to identify and block a large number of illegal ads for at least the past three years, exposing billions of users on its platforms Facebook, Instagram, and WhatsApp to content including investment scams, online gambling, and prohibited medical products. The company estimates that its platforms push approximately 15 billion fraudulent ads to users daily.

Under the international gold price, support is at $1750

Oct 26, 2021 11:02

On Wednesday (October 13), international gold prices strengthened, but the increase was modest. Investors are waiting for US inflation data and the minutes of the Fed’s September policy meeting to find clues as to when the central bank will begin withdrawing its massive stimulus measures. The price of gold remains bearish in the short-term, with support at $1750 below.

At GMT+8 13:39, spot gold rose by 0.12% to US$1762.11 per ounce; the main COMEX gold contract rose by 0.17% to US$1762.3 per ounce; the US dollar index fell by 0.16% to 94.366.


Three Fed policymakers said on Tuesday (October 12) that the economy has recovered enough for the central bank to begin withdrawing support policies during the crisis. This strengthens the Fed’s expectation that the Fed will start reducing monthly bond purchases as soon as next month. Central bank cuts in stimulus measures and interest rate hikes tend to push up government bond yields and increase the opportunity cost of holding gold.

The number of job vacancies in the United States decreased in August, but still exceeded 10 million, which is a very high level. Due to the tight labor supply, the number of voluntary resignations surged to a record high in August, hindering employment growth.

White House officials warned that during this Christmas period, Americans may face rising prices and empty shelves. Officials are currently busy alleviating the global supply bottleneck that has plagued US ports, roads and railroads.

On the daily chart, the price of gold has started a three-wave downward trend from US$1,781, and the support below looks to the 38.2% target of US$1738. Wave 3 is a sub-wave of the downward (3) wave that started at $1834. (3) Lang's 61.8% target is at $1688. (3) Wave is a sub-wave of the downward ((Y)) wave that started from 1917 USD. The ((Y)) wave belongs to the adjusted IV wave that started at $2,075.

On the hourly chart, the price of gold has started a downward wave ((iii)) trend from US$1769. It is expected to fall below the 38.2% target of US$1757, and further drop the 50% target of US$1750. ((iii)) Wave is a sub-wave of Wave 3.

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