• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 2nd, Alibaba updated its flagship model, Qwen 3.8-Max, with a significant performance improvement over the previous version. Following specialized post-training for coding and cowork tasks, the new Qwen 3.8-Max boasts enhanced overall performance. Currently, the new Qwen 3.8-Max model is available as an API on the Qianwen AI platform, and Qianwen Office, Qoder, and the Qianwen App have all integrated it immediately.U.S. Energy Secretary Wright: I have arrived in Venezuela. President Trumps energy diplomacy is bearing fruit—pushing for new energy agreements, opening doors for American businesses, and strengthening energy security across our entire hemisphere. Thanks to President Trump, Americas leadership in the energy sector has been restored.On September 2nd, the State Administration for Market Regulation approved and released the mandatory national standard "Safety Technical Regulations for Large-Scale Fireworks Displays," which will come into effect on September 1, 2027. Revised by the Ministry of Public Security, this standard will establish unified safety technical specifications for the design, operation, and management of large-scale fireworks displays nationwide, significantly improving the inherent safety level of such displays and helping to protect the lives and property of the people and public safety.September 2nd - This morning (September 2nd), the National Healthcare Security Administration held a press conference to release the 3.0 version of the disease-based payment scheme and technical specifications. According to reports, the new scheme features more refined grouping. The ADRG core group has increased from 409 groups in version 2.0 to 492 groups, an increase of 83 groups; the DRG subgroups have increased from 634 groups to 825 groups, an increase of 191 groups. Secondly, it places greater emphasis on the special needs of the elderly and children. my country is currently experiencing an accelerated aging population, and the special needs of medical services for children and maternal patients are increasingly being recognized. Version 3.0 further subdivides cases for children under 6 years old and those 70 years and older, accounting for one-tenth of all DRG groups. Painless childbirth also has three independent payment groups. This is a positive response to the health needs of key groups such as the elderly and children, and another important measure to support the construction of a fertility-friendly society. Thirdly, it provides clearer support for innovative technologies. A clear "support signal" in version 3.0 is the subdivision of robot-assisted surgery, providing clear and positive payment expectations for technological innovation and application.On September 2nd, the Taiwan Affairs Office of the State Council held a regular press conference. A reporter asked: Not long ago, the website of the General Administration of Customs announced a new batch of registrations for Taiwanese pomelo packaging plants and orchards, which has attracted attention on the island. Will more pomelos from Taiwanese counties and cities be approved for import into the mainland? Spokesperson Zhang Han stated that in April this year, the Taiwan Affairs Office of the State Council authorized the release of ten policy measures to promote cross-strait exchanges and cooperation, including facilitating the import of Taiwanese agricultural and fishery products that meet inspection and quarantine standards into the mainland. During this years Straits Forum, we held a signing ceremony for the ten policy measures to promote cross-strait exchanges and cooperation, building a platform for opening up sales channels for Taiwanese specialty agricultural and fishery products on the mainland. We are making every effort to do practical things, good things, and solve difficulties for our Taiwanese compatriots. On the basis of adhering to the "1992 Consensus" and opposing "Taiwan independence" politics, and on the premise of complying with relevant mainland inspection and quarantine regulations, we will work together with relevant parties on the island to help more high-quality Taiwanese agricultural and fishery products enter thousands of households on the mainland.

June Gold Buyers May Face Difficulties at $1987.60

Larissa Barlow

Apr 14, 2022 10:14

The market's strength is being fueled by demand for a hedge against rising inflation during the Russia-Ukraine conflict, lessening pressure from expectations of an aggressive US interest rate hike, and the US Dollar's intraday reversal top.

 

June Comex gold futures are currently trading at $1982.70, up $6.60 or 0.33 percent from their previous close. The SPDR Gold Shares ETF (GLD) is currently trading at $184.66, up $0.89 or 0.48 percent from its previous close.

 

Gold is regarded as an inflation hedge and a hedge against geopolitical concerns. However, higher interest rates in the United States would increase the opportunity cost of storing non-yielding bullion and strengthen the dollar against which it is valued.

 

However, the price action shows that gold buyers are seeking insurance against inflation and are not very concerned about opportunity costs at the moment. Despite all of the Fed's hawkish rhetoric and anticipation for aggressive rate hikes, we have yet to witness a shift in the direction of inflation.

 

Gold is likely to remain underpinned for the foreseeable future as long as the inflation arrow continues to point upward and the Ukraine war continues.

 

image.png 

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the primary trend is upward. A move over the intraday high of $1985.50 reaffirms the uptrend. A break of $1916.20 will revert the major trend to the downside.

 

On the upside, the retracement zone between $1987.60 and $2009.90 is the nearest objective.

 

On the downside, the long-term Fibonacci level at $1958.70 serves as the initial support, followed by the short-term 50% level at $1932.90.

Technical Forecast for the Daily Swing Chart

The June Comex gold futures market's path through Wednesday's close is likely to be dictated by trader reaction to the 50% level at $1987.60.

Scenario of Bullishness

A sustained move above $1987.60 will signal that buyers are present. This could provide the necessary momentum for a test of the Fibonacci level at $2009.90. This is a trigger point for an upside acceleration.

Scenario of the Bear

A persistent decline below $1987.60 indicates the existence of sellers. They intend to attempt the formation of a secondary lower top. This, if successful, might result in a break into $1958.70.