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Samsung Electronics shares fell 5.6% to 151,500 won.February 2nd - According to Teslas (TSLA.O) official Weibo account: The third-generation Tesla humanoid robot is about to be unveiled. Redesigned based on first principles, it can learn new skills by observing human behavior, and is expected to have an annual production of one million units. According to TeslaAI: The third-generation humanoid robot will be unveiled in 2026, and it will be Teslas first humanoid robot to enter mass production.February 2nd - Hong Kong stocks opened lower today, with both major indices trending downwards. By midday close, the Hang Seng Index had fallen 2.40%, and the Hang Seng Tech Index had dropped 3.68%. Precious metals stocks led the decline, with Shandong Gold (01787.HK) falling over 10%, Chifeng Gold (06693.HK) falling over 9%, and Zhaojin Mining (01818.HK) falling over 7%. Chip stocks continued their downward trend, with Hua Hong Semiconductor (01347.HK) falling over 10% and GigaDevice (03986.HK) falling over 7%. Building materials and cement stocks weakened significantly, with Western Cement (02233.HK) falling over 11%. In addition, stocks in sectors such as optical communications, telecommunications services, non-ferrous metals, new energy vehicles, nuclear power, biopharmaceuticals, paper, and mainland property also declined. In terms of individual stocks, Digital China Holdings (00861.HK) closed up about 11% in the morning session, with its subsidiary Digital China Information expecting to turn a profit for the year; MINIMAX-WP (00100.HK), a stock related to large-scale modeling, rose more than 8%, while XPeng Motors (09868.HK) fell 9%, with the company delivering 20,011 new cars in January.February 2nd - Analysts say that among the worlds major energy consumers, no country is more price-sensitive than India. And few countries cry out as loudly as India when energy costs soar. However, the atmosphere in New Delhi is currently quite relaxed. Government officials and industry executives believe that oil, gas, and coal have entered a buyers market—and may remain so forever. This sentiment reflects market reality. For example, crude oil prices have fallen to around $65 per barrel, only half the level after the outbreak of the Russia-Ukraine conflict in 2022. In real terms, adjusted for inflation, oil prices have fallen back to levels seen in the mid-1980s. Coal and gas prices have also fallen significantly. Indias top energy official, Hardeep Singh Puri, stated, "The good news is that more and more energy is flowing into the global market." When asked if this constitutes a buyers market, he admitted, "While I dont always explicitly state it, the characteristics of a buyers market are indeed present."New York silver futures fell more than 3.00% on the day, currently trading at $76.16 per ounce.

Weekly Gold Price Prediction: Gold Markets Fall

Alina Haynes

Jul 11, 2022 11:38

截屏2022-07-11 上午11.26.28.png 

 

Over the course of the week, gold markets have taken a beating, breaking through the $1800 level, the uptrend line, and eventually the $1750 level. Despite the fact that the market is expected to continue to trend downward strongly, we may have a brief rebound because we are now oversold. It would be fascinating to observe whether or not there is a comeback rally after the attempts to stabilize on Thursday and Friday.

 

On the other side, it would indicate that we are headed significantly lower if we were to break down below the week's candlestick low. Having said that, I won't be persuaded about a significant shift until we break over the top of this candlestick. The US currency has a significant impact on this market as well, and it should be noted that the US dollar has been very strong. Consequently, it is clear that the situation with regard to the gold market has changed.

 

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If we were to reverse course and take out this candlestick, one would have to speculate that perhaps we are about to move to the $1880 level. However, I believe that given enough time, we will view this as a situation where we absolutely continue to go to the downside. A move to the $2000 level is possible if that level is broken, but I wouldn't hold my breath for it to happen. At this moment, the market is more likely than not going to experience further high volatility. Keep the size of your position acceptable.

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