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According to the National Bureau of Statistics, steel production in December 2025 was 115.31 million tons, a year-on-year decrease of 3.8% and a month-on-month decrease of 0.5%; production from January to December was 1,446.12 million tons, a year-on-year increase of 3.1%.January 19th - Today (January 19th), the Hainan Provincial Information Office held a press conference to introduce the progress of the Hainan Free Trade Ports customs closure in the first month and answer reporters questions. Guan Jirong, Executive Deputy Director of the Hainan Provincial Deepening Reform Office (Free Trade Port Working Committee Office), stated that since the official launch of the island-wide customs closure operation on December 18, 2025, the Hainan Free Trade Port has achieved the expected goals of a smooth start and initial results. Overall, it presents a positive trend of comprehensive policy implementation, smooth and efficient "first-line" operations, stable and orderly "second-line" operations, effective stimulation of vitality, and overall controllable risks.According to the National Bureau of Statistics, pig iron production in December 2025 was 60.72 million tons, a year-on-year decrease of 9.9% and a month-on-month decrease of 2.6%; production from January to December was 836.04 million tons, a year-on-year decrease of 3.0%.According to the National Bureau of Statistics, crude steel production in December 2025 was 68.18 million tons, a year-on-year decrease of 10.3% and a month-on-month decrease of 2.4%; production from January to December was 960.81 million tons, a year-on-year decrease of 4.4%.January 19th - According to data from the National Bureau of Statistics, Chinas total grain output for the year reached 714.88 million tons, an increase of 8.38 million tons, or 1.2%, compared to the previous year. Summer grain output was 149.75 million tons, a decrease of 0.1%; early rice output was 28.51 million tons, an increase of 1.2%; and autumn grain output was 536.62 million tons, an increase of 1.5%. By variety, wheat output was 140.07 million tons, basically unchanged; corn output was 301.24 million tons, an increase of 2.1%; rice output was 209.04 million tons, an increase of 0.7%; and soybean output was 20.91 million tons, an increase of 1.3%. Total pork, beef, mutton, and poultry output for the year reached 100.72 million tons, an increase of 4.2% compared to the previous year, exceeding 100 million tons for the first time. Pork output was 59.38 million tons, an increase of 4.1%; beef output was 8.01 million tons, an increase of 2.8%; mutton output was 4.96 million tons, a decrease of 4.2%; and poultry output was 28.37 million tons, an increase of 6.7%. Milk production reached 40.91 million tons, an increase of 0.3%; poultry egg production reached 34.98 million tons, a decrease of 2.5%. The total number of pigs slaughtered throughout the year was 719.73 million, an increase of 2.4%; the number of pigs in stock at the end of the year was 429.67 million, an increase of 0.5%.

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.