• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
March 16th news: According to the Russian Ministry of Defense on the afternoon of the 16th local time, the Russian Aerospace Forces successfully launched an "Angara-1.2" light carrier rocket at the Plesetsk Cosmodrome in Arkhangelsk Oblast, carrying several satellites for use by the Russian Ministry of Defense.On March 16, according to @Customs, recently, some online platforms spread the news that "Customs will delay inspection of imported coal from April 1, which may lead to extended customs clearance time and further increase the possibility of reduced import volume", which has aroused the attention and discussion of the industry. Customs confirmed that this information is untrue. We remind all enterprises and related parties not to believe and spread unconfirmed news to avoid unnecessary troubles and losses.On March 16, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Special Action Plan to Boost Consumption". The plan proposes to promote the transformation of the whole society to be suitable for the elderly, support local pilot exploration, and promote the installation of elevators in multi-story buildings and the development of elderly dining services. Actively develop industries such as anti-aging and silver tourism to release the potential of the silver consumption market. Encourage the development of community embedded childcare, employer-run childcare and integrated childcare services. Support and regulate social forces to develop elderly care and childcare services, and improve the price formation mechanism of elderly care services. Encourage places with conditions to provide site support and operation subsidies to universal childcare institutions based on actual conditions.On March 16, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Special Action Plan to Boost Consumption". The plan proposes to develop inbound consumption. Orderly expand the scope of unilateral visa-free countries, optimize and improve regional entry visa-free policies. Launch more high-quality inbound tourism routes and services, improve the convenience level of foreign tourists in China, and cultivate international medical, exhibition and other markets. Deepen the cultivation and construction of international consumption center cities. Support the opening of duty-free shops in urban ports that meet the conditions. Support more high-quality merchants to become departure tax refund stores, and promote the "buy now, refund now" service measures for departure tax refunds.On March 16, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Special Action Plan to Boost Consumption". The plan proposes to promote ice and snow consumption. Launch and implement the ice and snow tourism promotion plan, organize and carry out ice and snow consumption season and other consumption promotion activities, build a number of ice and snow theme high-quality tourist attractions and resorts, and support ice and snow resource-rich areas to build world-renowned high-quality ice and snow tourism destinations. Encourage all regions to enrich the supply of ice and snow venues and consumer products according to time and place.

Gold trading strategy on October 8: Gold price trend depends on non-agricultural performance, radicals lay out short orders on rallies

LEO

Oct 26, 2021 11:00

On Friday (October 8), spot gold price rose slightly. The short-term gold price trend depends on the quality of non-agricultural data. It is recommended that conservatives wait and see, and radicals short rallies.


Daily level: Gold prices have traded sideways for several days, the market temporarily loses its direction, and investors are waiting for the non-agricultural report with bated breath.

If there are no accidents in non-agricultural sectors, it will be imperative for the Fed to reduce QE in November, so the price of gold is likely to be under pressure again. If it breaks below the 23.6% retracement level support, it will open the door to 1721.

The initial resistance above is concerned with the 38.2% retracement level 1764.27. If it breaks through this level, it will look at the 50% retracement level 1777.59 and the 61.8% retracement level 1790.91.

The initial support below focuses on the 23.6% retracement level of 1747.79, 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: 1764.27; 177.59; 1790.91
Support levels: 1747.79; 1738.12; 1721.76

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

GMT+8 13:54, spot gold was quoted at US$1758.81 per ounce.