Without risk, we can't call it a career, but it's important to know where there are risks, and leave a way for ourselves.
Today is10.19Day, I am Jiashu. The new week has begun, and I hope everyone can have a good harvest in the new week. The weather is getting colder and colder, so everyone still needs to pay attention to adding clothes and keeping warm!
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Yesterday, I shared with everyone my general opinion on gold this week. However, today we are still focusing on the intraday market trend. Gold has maintained a considerable period of volatility and is likely to break through this week. Therefore, when operating this week, it is important to carry a good stop loss and not carry a single!
10.19Gold Fundamentals:
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Pelosi stated on the program on Sunday that there is still hope of reaching a stimulus bill before the election, but Monday is the deadline for progress with the White House. Market news has revealed that Jianguo has stated that he wants a larger stimulus package than Pelosi's plan, and Republican lawmakers will support his plan.
The United States announced last Friday night9Monthly retail sales rate recorded1.9%Significantly higher than expected0.7%, growing at its fastest pace in three months. The report comments indicate that despite facing more and more unfavorable factors, consumer spending in the third quarter still ended up rebounding.
The budget deficit of the federal government of the United States reached a record3.1Trillion US dollars, the proportion of deficit in the economy skyrocketed to16%Set the highest level since World War II. Mainly driven by government spending on households and businesses, which are facing lockdowns caused by the epidemic.
According to public opinion survey analysis institutionsFiveThirtyEightThe probability of Democratic presidential candidate Biden winning the election is determined by the10month14Of86.7%Rising to a record breaking level87.1%He is expected to win538Among the electoral votes350Zhang. The model estimates the probability of winning the founding of the People's Republic of China as12.6%Below10month14Of13.0%。
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10.19Gold technology:
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So today, let's take a look at the short cycle of gold. At the end of yesterday's weekend special article, I mentioned that gold may experience a slight rebound when it opens today, because15Minute levelMACDDeviation from the bottom of the fast and slow lines,30Minute levelMACDFast and slow line golden cross, and1897Having been repeatedly tested multiple times, it has temporarily become the support for gold, so after today's opening, there is a high probability that gold will rebound in the short term.
However, this level of rebound may not change the overall trend of gold, such as the hourly line4Hour, daily lineMACDBoth the fast and slow lines are located0Below the axis, while the golden short line is pressed1903On the front line, a small rebound is not enough to change the current overall trend of gold's decline, unless gold can break through a significant rebound and break through1912Double top position, retest daily downward trend line1920If not, I will still maintain my overall bearish view of gold for the day!
If you operate within the day, although I suggested yesterday that gold may rebound, it seems that gold has indeed rebounded. However, I still prefer to focus on high altitude and pay attention to it1903First line suppression, if not broken, you can enter the field. Below, focus on1892The daily upward trend line supports! If there is a break, the gold's break market may be approaching!
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This article is exclusively written by Jiashu. Investment carries risks and caution is required when entering the market. It is recommended for reference only!
