10.31 gold box vibration???
Gold is mainly affected by the following three aspects:
1: The October US non-farm payrolls data will be announced at 20:30 on Friday. The US September ADP employment data released on Wednesday increased significantly beyond expectations. Next tonight, the US September PCE price index and the number of initial jobless claims for the week will be released.
2: The US presidential election next Tuesday (November 5th), there are less than 4 trading days left. Who will eventually enter the White House in the battle between the Donkey and the Elephant parties? Especially on November 5th, the day of the election, the gold market will definitely fluctuate violently!
3: Geopolitical risk events, North Korea tested an intercontinental ballistic missile around 7:10 this morning, and Iran will say that it will retaliate against Israel before November 5th. With the reshaping of the world pattern, the geopolitical risks in the Middle East are spreading to the world.
As the price of gold approaches $2,800, bulls and bears diverge again. The last time gold approached $2,700, it adjusted around $2,685, which ultimately did not affect the upward trend. It just threw the bulls off the train during the adjustment, which also hit the bulls' morale for short-term operations.
This time, when it approached $2,800, the bulls paused. On Wednesday, the market repeatedly washed between 2,790 and 2,770. In addition, the heavy pound data will be released today, tomorrow and next week. The suspense will naturally be left to the non-agricultural data today and tomorrow night.
1 hour, it quickly fell back to the 2,770 point where it started to rise in the morning, forming a high-level box shock. At present, the gold price has not stabilized at 2,790. Don't rush to chase more, but pay attention to the direction of the 2,790-70 box range breakthrough, and try to avoid chasing the edge position within the box.
1: The October US non-farm payrolls data will be announced at 20:30 on Friday. The US September ADP employment data released on Wednesday increased significantly beyond expectations. Next tonight, the US September PCE price index and the number of initial jobless claims for the week will be released.
2: The US presidential election next Tuesday (November 5th), there are less than 4 trading days left. Who will eventually enter the White House in the battle between the Donkey and the Elephant parties? Especially on November 5th, the day of the election, the gold market will definitely fluctuate violently!
3: Geopolitical risk events, North Korea tested an intercontinental ballistic missile around 7:10 this morning, and Iran will say that it will retaliate against Israel before November 5th. With the reshaping of the world pattern, the geopolitical risks in the Middle East are spreading to the world.
As the price of gold approaches $2,800, bulls and bears diverge again. The last time gold approached $2,700, it adjusted around $2,685, which ultimately did not affect the upward trend. It just threw the bulls off the train during the adjustment, which also hit the bulls' morale for short-term operations.
This time, when it approached $2,800, the bulls paused. On Wednesday, the market repeatedly washed between 2,790 and 2,770. In addition, the heavy pound data will be released today, tomorrow and next week. The suspense will naturally be left to the non-agricultural data today and tomorrow night.
1 hour, it quickly fell back to the 2,770 point where it started to rise in the morning, forming a high-level box shock. At present, the gold price has not stabilized at 2,790. Don't rush to chase more, but pay attention to the direction of the 2,790-70 box range breakthrough, and try to avoid chasing the edge position within the box.
Note
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Professionals do professional things. The total profit of the two orders is 12,000 USD
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