• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 4, the Yangtze River Delta Railway ushered in the peak of passenger flow during the Qingming Festival. It is expected to send 4.1 million passengers today, 365,000 more than the same period last year, an increase of about 9.8%, and is expected to set a new record for single-day passenger volume. This years Qingming Festival railway transportation will start from April 3 to 7. The Yangtze River Delta Railway is expected to send 17.6 million passengers in 5 days, with an average daily passenger flow of 3.52 million, a year-on-year increase of 6.8%.The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."

Gold trading strategy on October 13: Focus on short-term trading opportunities in the day, and activists short rallies

Oct 26, 2021 11:02

On Wednesday (October 13), spot gold rose slightly. In the day, we will pay attention to the short-term trading opportunities brought by the US CPI data and the minutes of the Federal Reserve meeting. It is recommended that activists go short rallies, and conservatives continue to wait and see.


Daily level: Gold prices continue to fluctuate sideways, waiting for important US CPI data and the minutes of the Federal Reserve meeting to guide further directions.

The recent trend of gold prices is drowsy, investors can hardly find the opportunity to enter the market, and the operation is more difficult. But the data in the evening may provide new trading opportunities.

Given the high probability that the Fed’s meeting minutes are likely to be eagle-eyed, if the CPI continues to rise, it may further strengthen the Fed’s expectations of early reduction and interest rate hikes, which will be negative for gold prices.

The European energy crisis intensified in September. Natural gas prices soared by more than 30% that month, and indirectly pushed U.S. oil up by nearly 10%, which may push up the actual inflation data.

Therefore, it is recommended that radicals go short on rallies, and conservatives continue to wait and see.

The initial resistance level above focuses on the 38.2% retracement level of 1764.93, and further attention is paid to the 50% retracement level of 1778.22 and the 61.8% retracement level of 1791.52.

The initial support below focuses on the 23.6% retracement level of 1748.49, and further attention is paid to the low of 1738.12 on September 23 and the low of 1721.76 on September 29.

(Spot gold daily chart)

Resistance levels: 1764.93; 1778.22; 1791.52
Support levels: 1748.49; 1738.12; 1721.76

Short-term operating recommendations: conservatives wait and see, radicals short rallies.

GMT+8 13:41, spot gold was quoted at US$1762.01 per ounce.