Ke Chengxin: After the USU election, the gold pullback is enough,goldDTSame thing!

Ke Chengxin: After the USU election, the gold pullback is enough,goldDTSame thing!

10month23At present, numerous global risk events that have attracted people's attention have entered the final sprint stage. The transition period for Brexit in the UK is coming to an end, and negotiations between the UK and the EU have reached a crucial moment. Previously, the two sides had very serious differences, and whether the UK and the EU can achieve reunification in this final period will determine whether the UK can truly leave the EU with or without an agreement, which will have a new impact on the economy of the UK and the EU. In addition, on this trading day, the United States welcomed2020The last presidential debate in the election, compared to the chaos of the first debate, specifically added a mute function. The debate between Trump and Biden over who can win is also a focus of market attention, and both will have a significant impact on the gold market.

Overview of the trend of spot gold

Friday(10month23day)In the early trading session of the Asian market, spot gold slightly declined, and gold prices are currently reported1902dollar/Around ounces. As of publication deadline, spot gold report1902.44dollar/Ounces, increase-0.03%。

On Thursday, gold prices fell by more than1%The strengthening of the US dollar and doubts about the economic stimulus plan before the US presidential election further weakened the attractiveness of gold. Spot gold receipt report1903.65dollar/Ounces, down20.15USD or1.05%。

Technical aspect

Technically speaking, the gold price successfully reached our first waiting target price on Thursday1901.80dollar/Ounces, currently gold prices are once again attempting to fall below this level, which supports our continued bearish view in the coming trading days. If the price of gold falls below1901.80dollar/Ounces, which will continue to put pressure on gold prices and hit the next bearish target1880.00dollar/Ounces, target located further down1860.90dollar/ounce.

If the price of gold is maintained1901.80dollar/The ounce level will drive the gold price to rebound and test it1934.86dollar/Ounce level.

4The hourly high has not broken through, temporarily slowing down the volatility, the bullish volume can slow down, and the short-term correction cycle. However, from the perspective of the correction space, it is still a normal correction area and has not changed this upward trend. The short term begins to contract and fluctuate within the range. Attention to the lower support1895After the decline, as long as it is not a sustained downward break, attention should be paid to the downward trend to stabilize and rebound. The current trend is still tentatively revised, and the bulls are gathering momentum to break through the high again. The hourly chart shows a wave of high step oscillation and correction. above1925Being hindered and falling behind serves as the critical point for small cycle adjustment. Small cycle1925A slight downward correction is necessary to break through and stand at this level in order to reverse upward. Multi empty differentiation stage.

Suggest morning trading for intraday operations1901There are more nearby, please take a look up1912，1920, hold against the limit.