Mo Zhu: The intention of gold bears is not good, is there a glimmer of hope for bulls?

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Let nature take its course comes from not demanding anything after putting in all your efforts, rather than doing nothing with both hands. Every operation is not done according to the feeling, nor is it the act of putting randomness on the outer garment of the plate feeling~[/b][/b][/size]

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Overnight,[b]Gold prices continue to weaken, breaking during the evening US market session1904Turning point, approaching once1894The US dollar has stopped falling and rebounded, with a relatively high intraday decline30There is surplus in US dollars.[/b]The strong selling of bears has filled the gap left by Wednesday morning trading, but it has also dealt a heavy blow to the bullish sentiment in gold,[b]If the gold price wants to maintain a strong situation, it needs to break through layers of constraints in order to initiate a trend reversal.[/b]
As gold prices continue to weaken, risk aversion has subsided and market risk sentiment has rebounded,[b]The US dollar hit bottom driven by risk sentiment92.4At one point, the checkpoint counterattacked93.1The US dollar barrier.[/b]The bullish counterattack of the US dollar, one[b]On the one hand, it is due to the bullish technology, and on the other hand, it is due to the uncertainty of the stimulus bill, which has led to a rebound in market sentiment.[/b]
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Regarding the new round of stimulus bills, Speaker of the United States House of Representatives Pelosi stated that,[b]She reached an agreement with Nuqin on the key aspects of virus testing and contact tracing. The aid bill can be passed in the House of Representatives before the election and is ready to be signed.[/b]In addition, US National Economic Advisor Kudlow also stated that,[b]For salary protection plans（PPP）The funds have also reached an agreement.[/b]
It seems that the probability of achieving an economic stimulus bill is gradually increasing, but can it really be implemented before the election? I have doubts about inevitability,[b]But regardless of whether an agreement can be reached before the election, as long as the stimulus bill can be implemented, it will boost the risk aversion sentiment in the future,[/b]For bullish breakthroughs in gold prices, emotional support can also be obtained!
Currently,[b]Trump and Biden are going to have the last presidential election debate. This is the second and last confrontation between the two. Whether Trump can counter attack in the last round of defense depends on this.[/b]
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For the current stage of the market, a new trend is about to erupt, and of course, there will also be some opportunities to plan small cycles in the future. Therefore,[b]At the current stage, we need to see a one-sided market outbreak, but I still prefer that gold can achieve a breakthrough in the bullish trend, because currently, whether it is4Both hours and daily trends tend towards gold to achieve a bullish breakthrough![/b]
[b]If the bulls can reverse their slump at the current stage, the future market will be bullish all the way up1936as well as1960The US dollar level, as for whether the bullish operation can continue in the future, we can gradually track and raise the target. Short term still needs attention1910as well as1920The pressure on the US dollar level has returned to the range~[/b]
On a daily basis,[b]Short term retreat of gold price1898Small stop loss participation in gold long orders at the US dollar level to see the gradual upward trend in the future![/b]If you cannot maintain a strong breakthrough situation, then pay attention to controlling profits in the short term. After all, it is already Friday today, and protecting profits is the key!
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