Ke Chengxin: Currently, there are only more than ten days left in the US election,Gold advice: If you can do it, go long!

With only about a dozen days left until the US election, the competition between Trump and Biden is quite intense, and the nerves of both parties continue to tense. Meanwhile, as early as2016During the election in, it was exposed that Russia was suspected of interfering in the US election, so four years later2020In the election, Americans have become very cautious, but also overly sensitive. At the critical moment of the upcoming election, US officials publicly stated that both Iran and Russia have attempted to intervene in the US election. Such accusations pose a serious threat to international relations and have a significant impact on the volatility of financial markets. In addition, the new round of economic stimulus plans in the United States has also attracted everyone's attention. Although Pelosi stated that there has been some progress in the negotiations between the two parties, on Wednesday5000The proposal of billions of dollars is still rejected.
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Overview of the trend of spot gold


Thursday(10month22day)In the early trading session of the Asian market, spot gold slightly came under pressure, and the gold price is currently reporting1921dollar/Around ounces. As of publication deadline, spot gold report1920.98dollar/Ounces, increase-0.15%。


Wednesday(10month21day)Gold prices have risen nearly1%At one point in the session, it hit a high of over a week. Spot gold receipt1923.35dollar/Ounces, up16.95USD or0.89%The highest touch in the plate1931.01dollar/ounce.


Technical aspect


In terms of technical indicators, the gold price approached our long awaited target price on Wednesday1934.86dollar/Ounces, however, this level poses strong resistance, with gold prices falling and investors needing to be cautious about future trading. If the gold price remains at1934.86dollar/Below the ounce level, this will put pressure on gold prices and lead to a decline, targeting the first target1901.80dollar/ounce. On the other hand, once captured1934.86dollar/Ounces, gold prices will continue their bullish trend and hit their first bullish target1957.00dollar/Ounces, higher target at1967.90dollar/ounce.
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fromKFrom the perspective of line structure, the strong yang rises,4Continuously organizing steps for hours to recover and rise, and organizing and correcting small negative lines. Belonging to a strong correction approach,KThe line shape is still more inclined, and4The rebound of the hour was accompanied by a longer period of consolidation and accumulation. Releasing space will also be relatively large. becauseKThe closing trend of the line is relatively strong. Our tentative idea is to make a pullback and go long, and then combine the resistance after the surge to arrange a backhand position in the market. Short line support position1912。


Suggest morning trading for intraday operations1915/1913There are many direct areas nearby, please take a look1925，1935。


Learn to pay attention to exchange rate fluctuations


The trend of international gold prices is generally opposite to the exchange rate of the US dollar. When the US dollar depreciates, the price of gold often rises. When the domestic currency appreciates, people can purchase cheaper gold goods from abroad. Because the domestic price of international gold remains unchanged or falls, it does not mean that the value of international gold itself will correspondingly decrease. It may be the result of a change in the exchange rate between local and foreign currencies. Therefore, investing in international gold requires a certain level of foreign exchange knowledge, otherwise do not invest heavily in gold.
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There is no grandiose language here, only highly timely analysis and operation. No one has been successful from the beginning. Ke Chengxin believes that even those of you who are reading this article now want to constantly absorb new information to change a less optimistic operating situation. Just like Ke Chengxin in the past, the reason for his ups and downs and exploration is due to the lack of a guide. If you still have an unfinished order on your end, you can consult Ke Chengxin to answer your questions.