EUR/USD 1.16754
-0.025%
Gold 4607.18
-0.210%
Oil 85.700
-0.684%
USD/JPY 158.950
-0.028%
GBP/USD 1.36431
-0.026%
GBP/JPY 216.862
-0.054%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The local governor stated that Russia is defending against drone attacks on the Nevinomysk industrial zone in the southern Stavropol region.On August 24th, following US President Trumps announcement of an "unprecedented" economic war against Iran, US Treasury Secretary Bessenter confirmed that the specific details of the "unprecedented economic isolation" measures against Iran would be officially announced on the 24th. Iran, on the other hand, played its "oil export countermeasure" card on the 23rd: if the US waged an economic war, there would be no more oil exports from the Strait of Hormuz or even the Persian Gulf region. Currently, there are less than 24 hours left before the US announces the details of the sanctions. Public opinion generally believes that this is a desperate move by the US given the current situation of a protracted war between the US and Iran and the failure of negotiations. Although the specific measures have not yet been announced, some analysts believe that this action may ultimately lead to a "lose-lose" situation.On August 24, Xiyin announced on the Hong Kong Stock Exchange that it plans to issue approximately 280 million Class B shares (subject to reallocation and the exercise of the over-allotment option) for its Hong Kong listing, with a pricing range of HK$47.60 to HK$49.50 per share. Trading is expected to commence on September 1.Alibaba (BABA.N) announced the pricing of its HK$80 billion share placement, with 710,000,000 new shares to be subscribed at HK$112.70 per share. The placement is expected to be completed on August 26, 2026.On Monday, both WTI and Brent crude oil opened $0.30 lower, at $85.97/barrel and $91.96/barrel respectively.

Gold trading strategy on October 14: the key to staying at the Qianba pass, but the fundamentals are still bearish

Oct 26, 2021 11:03

Spot gold fell slightly on Thursday (October 14). The short-term trend is still unclear. The fundamentals are bad and the bulls are strong. Investors are advised to wait and see for the time being.


Daily level: The price of gold ushered in a surge on Wednesday, only one step away from the 1800 mark.

Fundamentals are still unfavorable for the bulls. The minutes of the US September meeting once again affirmed the reduction in November, which will put greater pressure on gold prices as November approaches.

RSI shows that the price of gold is slightly overbought, but the bigger test lies in the stay of the 1800 line. If it fails to break through the 1800 mark, the price of gold is bound to fall under pressure.

Investors are advised to wait and see for the time being and wait for further clarification of the direction of operation.

The initial resistance above focuses on the 1800 psychological mark, and further attention is paid to the August 5 high of 1814.89 and the August 30 high of 1823.31.

The initial support below focuses on the 50% retracement level 1778.22, and further attention to the 38.2% retracement level 1764.93 and the 23.6% retracement level 1748.49.

(Spot gold daily chart)

Resistance levels: 1800.00; 1814.89; 1823.31
Support levels: 1778.22; 1764.93; 1748.49

Short-term operation advice: wait and see first.

GMT+8 14:03, spot gold was quoted at US$1,790.90 per ounce.

Suggestion