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According to news on October 25, from January to September this year, the cumulative transaction volume of new houses in Foshan was 23,611 units and 2.8425 million square meters, which was lower than the transaction volume in the same period last year; but the cumulative transaction volume of second-hand houses was 40,990 units and 5.008 million square meters, an increase of 3.3% and 4.3% year-on-year respectively.On October 25, Russian Presidents Special Representative Kirill Dmitriev said during his visit to the United States on the 24th that he believed that all parties were "very close" to reaching a diplomatic solution to the Ukrainian issue, and Russia was open to Ukraine obtaining third-party "security guarantees" in the future.According to the Suzhou Release WeChat official account on October 25th, a series of events were held in Zhangjiagang High-tech Zone (Tangqiao Town) on the morning of October 24th, including the groundbreaking ceremony for the dishwasher smart manufacturing project of Xiaomis ecological chain company, Qingmei Technology; the opening of the Zhangjiagang High-tech Zone Cross-border Empowerment Center; and the signing of the personal care small appliance smart manufacturing project of Xiaomis ecological chain company, Xiaobei Technology. According to reports, the dishwasher smart manufacturing project of Xiaomis ecological chain company, Qingmei Technology, has a total investment of 500 million yuan, with a planned annual production capacity of 500,000 dishwashers. Upon reaching full production, it is expected to generate an annual output value of 800 million to 1 billion yuan. The personal care small appliance smart manufacturing project of Xiaomis ecological chain company, Xiaobei Technology, has a total investment of 500 million yuan. Upon reaching full production, it is expected to have an annual production capacity of 15 million units and an annual output value of 2.4 billion yuan.On October 25th, the China Railway Corporation announced that the 12306 Customer Service Center will add a new group ticketing service by phone, raising the maximum number of tickets per order to 19. The 12306 app will also increase the maximum number of train tickets per order from 9 to 19, and the number of passengers that can be added to a single 12306 account from 15 to 30.On October 25, the Russian Ministry of Defense announced that Russian air defense forces shot down 121 Ukrainian drones in various regions of Russia overnight. The report stated: "Over the past night, air defense weapons on duty intercepted and destroyed 121 Ukrainian fixed-wing drones: 20 over Rostov Oblast, 19 over Volgograd Oblast, 17 over Bryansk Oblast, 12 over Kaluga Oblast, 11 over Smolensk Oblast, 9 over Belgorod Oblast, and 9 over Moscow Oblast. Seven of these drones flew in the direction of Moscow, eight each over Voronezh and Leningrad Oblasts, two each over Novgorod, Ryazan, and Tambov Oblasts, and one each over Tver and Tula Oblasts."

Gold trading strategy on October 11: Gold prices are expected to continue to fluctuate sideways, but the downside opportunities are slightly greater

Oct 26, 2021 11:01

On Monday (October 11), spot gold fell slightly. The short-term gold price is expected to continue to maintain a sideways trend, and the downside opportunities are greater than the upside. It is recommended that conservatives wait and see, and radicals short rallies.


Daily level: The price of gold rose and fell last Friday, showing that the short-term strength is still very strong, and the long-term short-term is unlikely to attack again.

The price of gold is still maintaining a sideways trend. This trend is expected to continue in the day. On Monday, the United States will not release economic data due to a holiday, which also determines that the trend of gold will not be too volatile.

Investors need to focus on the downside risk of gold prices. The initial support below is at the 23.6% retracement level of 1743.90. A fall below this level will open the door to the psychological barrier of 1721.76 and 1700.

On the upside, initial resistance focuses on the October 4 high of 1770.44, and further attention to the October 8 high of 1781.41 and the July 23 low of 1790.26.

(Spot gold daily chart)

Resistance levels: 1770.44; 1781.41; 1790.26
Support levels: 1743.90; 1721.76; 1700.00

Short-term operational recommendations: conservatives take the wait and see, and radicals short rallies.

GMT+8 13:54, spot gold was quoted at $1755.94 per ounce.