[b][size=3][/size]"Investment is people's expectation of the future of assets",This is Dongsheng Finance[/b]
[b]In the blink of an eye, it was already Thursday, and under the stimulation of market news, gold continued to rise. Let's take a look at yesterday's trend, and after the opening, gold began to rise1920At a high level, while the US dollar index also fell below93Although it has entered a period of volatility, it has once again risen during the US market period, reaching1931.2Intraday high, followed by a decline[/b]
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[b]International gold closing quotation yesterday1923.9dollar/Ounces, increase0.83%[/b]
[b]Closing quotation of the US dollar index92.62, decline0.5%[/b]
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[b]The news about the stimulus plan is really convoluted. Even if a subjective agreement can be reached now, it will take some time for the two houses of Congress to pass. Today's television debate may be a decisive moment, and after the debate, the progress of the stimulus plan may make significant progress or be silent[/b]
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[b]In such an anxious atmosphere, the Federal Reserve's Beige Book stated that the economic recovery is still ongoing, but the magnitude is not significant. On the one hand, the United States has ignored the epidemic, and on the other hand, it has stalled on the stimulus plan. How can the economy recover?[/b]
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[b]So just wait for the outcome of the TV debate today. If both sides are evenly matched in the end, then the next step in soliciting votes will be more radical, after all11month3The voting will take place on the day, and time is running out. If one party overwhelmingly wins, there is naturally no need to discuss a series of plans[/b]
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[b]The impact of the current news on the gold market is quite severe, and there are many natural opportunities for fluctuations. Those who are relatively conservative in trading can hold positions and wait. There are opportunities in the gold market at any time, and on the other hand, the risk level also varies. Activist friends can choose to enter, and as the US dollar index bottoms out, many varieties have been pulled up to varying degrees. The subsequent decline is a good opportunity to enter[/b]
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[b]International Gold Hour Trend[/b]
[attachment=106528]
[b]On the current market, golden daykThe line is closing, although it went up to1931USD, but still moving60Below the daily moving average, moving forward in a volatile pattern, but based on yesterday's trend, it is still too early for gold to rise unilaterally[/b]
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[b]As the US dollar index descends92.4The support of gold rebounded and pulled up, recovering from losses. Under the influence of the US index, gold continued to decline, and the current market is bearish. After a sharp rise, bearish positions were repaired, which is much lower for the current market's short-term high and low positions[/b]
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[b]In terms of one hour,kLine briefly breaks60The daily moving average, after pulling out the lower shadow, closes above, and the opening of the Bollinger band tilts downwards slightly,maDead cross on the moving average, down support and1910There was a significant decline earlier, but there will be a pullback in the afternoon. Pay attention to the outcome of the election debate on television[/b]
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[b]gold1912Jinduo, target1920，1925Stop loss1908[/b]
[b]Author: Dongsheng Finance and Economics[/b]
[b]Writing time:2020/10/22[/b]
[b]The above views are for reference only and do not serve as a basis for firm trading. The article is written by Dongsheng Finance and Economics. If reprinting is required, it must be approved by the author or indicate the source. Reproduction of my article without my consent will result in legal liability being pursued in accordance with the law[/b]
