Xue Wenxi:10.23Is the golden week closed or broken? Intraday gold andTDquotations analysis

[b][size=5][color=#ff0000]Xue Wenxi:10.23Is the golden week closed or broken? Intraday gold andTDquotations analysis[/color][/size][/b]


Spot gold fell as a whole after the opening of Asian market on Thursday, and recovered slightly in the afternoon. It continued to fall during European market, and broke at the beginning of American market1900Pass, lowest drop to1894.64US dollar, falling from daily highs30USD, ultimately closing down1.06%Report1903.65dollar/ounce. Spot silver follows the trend of gold and drops to the lowest point24.35USD, ultimately closing down1.32%Report24.71dollar/ounce.[align=center][img]http://www.10taojin.com/uploadfiles/20201023/1603417573784107.jpg[/img][/align]
[b]Analysis of market news surface[/b]


[color=#ff0000]The US New stimulus bill has encountered setbacks, but Pelosi is still determined to pass[/color]


Negotiations on new stimulus measures in the US Congress on Wednesday(10month21day)Faced with setbacks, President Trump accused Democrats of unwilling to compromise on economic aid issues, despite reports of some progress made earlier in the day. The news dampened market risk taking sentiment and boosted the exchange rate of the US dollar against major currencies.


Speaker of the United States House of Representatives Pelosi said on Wednesday that despite opposition from Senate Republicans, she believes that negotiations with the White House can lead to a new economic rescue agreement for the pandemic. However, she stated that this may not be until after the election.


[color=#ff0000]In the long run, rising inflation will support the rise of gold prices[/color]


The market continues to monitor the US stimulus program, with a large amount of liquidity injected into the market, which may drive inflation and is a closely monitored factor in the gold market. Fund managers believe that this will be a long-term driving force for the gold market.


Xue Wenxi believes that there are a large number of fundamental factors that are beneficial for gold and can push the price back to2000dollar/Above the ounce, and it is believed that the performance of long-term inflation is positive for gold.


[b]Analysis of Gold Market[/b]
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From the perspective of golden four hours, currently4Hours are accompanied by a bottoming up needle and thread. It was supported by both the Bulling Road and the low points at the beginning of the week. The continuation of the strength of today's Asian market is not obvious.KThe line shape may seem weak, but I dare not be overly bearish for the time being even if it has not fallen below the low point of the range. Mainly due to the high frequency of repeated dish washing this week. If the European market remains stable after opening1894Above the low point, a short-term rebound is not ruled out to regain lost ground again. If treated as a weak market, the premise is that if the European market can fall below1894.So the resistance point of the subpan is1908-1910Between. This is a radical void for the continuation of weakness. Weak rebound cannot be high, as a high rebound will lead to volatility. Overall, Wen Qian's personal suggestion for today's short-term operation strategy is to focus on rebounding from high altitude, supplemented by a pullback and taking long positions, with short-term attention from above1910Frontline resistance, short-term focus below1895Frontline support.


[b]Suggestions for spot gold operation[/b]


1Gold1906-1908Close in, stop loss1912 , Objective1898-1896；


2Gold1895-1893First line advance, stop loss1890, Objective1908-1910；


[b]goldTDOperation suggestions[/b]


1GoldTD402Close in, stop loss403, Objective400nearby


2GoldTDTo break down400You can enter more, target404; On the contrary, if the empty order falls into half of the bag, continue to look down;[align=center][img]http://www.10taojin.com/uploadfiles/20201023/1603417614482691.jpg[/img][/align]
Many people will find that no matter who they do it with, they will miss out on everything right and do everything wrong. Embarrassing things happen more than once, and in the end, they summarize the sentence "I'm not lucky", which has nothing to do with luck. Remember one thing, good points are waiting for no one, all waiting for are stop loss positions. You will find that the entry of stop loss orders is fleeting, while stop loss orders often give you a few hours of entry time. Many people, after obtaining the strategy, first conduct fortune telling research, then hold a discussion meeting, and finally decide whether to do it or not. Moreover, when doing it, it is better not to follow even if you do not trust. Trust is not manifested in words, but in true execution, unwavering trust.


Editor of this article: Xue Wenqian


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