Precious metals gold trading marketRecently, the price of gold has been strong and has entered a period of shock. On October 25th, the spot gold in the Asian market fluctuated at a high level, trading around 2728. On Thursday, it rose nearly 1% to close at 2735, close to an all-time high. The demand for safe haven brought about by political concerns boosted the price of gold. At the same time, the rise of the US dollar temporarily stopped, and the yield of 10-year US Treasury bonds fell. This trading day needs to focus on the initial monthly rate of durable goods orders in the United States in September, as well as the geographical situation, the US election, and the market's expectations for the Federal Reserve to cut interest rates.
From the perspective of the market, yesterday's high consolidation showed the strength of the bulls. Although it was under pressure at 2750 and operated below 2740, as long as 2685 did not break, it was regarded as a correction. On the daily line structure, yesterday's positive line with the shadow line, the price closed below 2740, the short-term upward momentum of the bulls slowed down, but because the price is stable above the cycle average, the decline is not expected to be big. Tonight, the final value data of the University of Michelle's consumer confidence index in October is crucial. Before that, the daily line needs to be cautious. In the 4-hour period, the price retreated to the short-term moving average yesterday. The MCD indicator maintained the downward shape of the dead cross, but other cycle indicators maintained a long position. There may be room for a correction, but it is also necessary to prevent the correction from ending. The operation idea suggested that the sky should be dominated during the day, and the support below should pay attention to the 2715 - 2718 area first, followed by the 2710 - 2707 area. The former was the support effect of the opening point yesterday, and the lower break would increase the probability of the market weakening but it was considered as a short-term, while the latter was the dividing line of the day. The upper resistance first paid attention to yesterday's high 2743 area, but tried to empty it, focusing on 2758 area. If there was no major good news (risk aversion caused by the geographical situation), it was expected that the gold price would withdraw and adjust its strength.
In general, the Federal Reserve's interest rate cut is expected to attract more investors into the gold market, and the tense geographical environment is expected to keep gold popular, but factors such as a sharp drop in central bank demand for gold and an increase in the possibility of market profit-taking may also worsen gold's performance.
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List of recommended booksThe following is a list of recommended books:
- ** Investment Category **: The Most Important Thing About Investment, Howard Marks, Eric Jorgensen, The Navar Codex, Howard Marks, Antifragile Nassim Taleb, Random Walk Fool Nassim Taleb, Black Swan Nassim Taleb, Asymmetrical Risky Nassim Taleb, Fat Tail Effect Nassim Taleb, Civilization, Value Investment and China, Li Lu, Principles Redalio, Principles 2 Redalio Poor Charlie's Codex Charlie Munger, Snowball Alice Schroder, Smart Investment Benjamin Graham, Secrets of Value Investment Joel Greenblatt, Disciplinary Investment Daniel Crosby, Buffett's Letter to Stockholders, Scarcity Cedric Mullenason, The Way of Thinking in Economics Thomas Sowell, Guns, Viruses and Steel Jared Diamond, Principles of Economics Chen Weiying, Instinct: Why Can't We Control Myself? Tribenham.
- ** Personal growth category **:" The Power of the Present " Eckhart Tolle," The Hated Courage " Kishimi Ichiro," Secret " Rhonda Byrne," The Weakness of Human Nature " Dale," Time as a Friend " Li Xiaolai," The Zen Man's First Heart " Suzuki Shunlong," The Crowd " Gustave Le Pen," The Meaning of Life " Victor Frankel," When the Human Stars Shine "," Beyond Feelings: Guide to Critical Thinking, Stephen Covey, The Seven Habits of High-Performance People, Peter Drucker, The Power of Others, Henry Claude, Non-Violent Communication, Marshall Luxemburg, The Road Few Take, Scott Parker, Social Animals, Elliot Arenson, A Short History of Humanity, Yuval Harari, A Short History of Time, Peter Drucker, The Practice of Management, Robert Ciotti," Thinking, Fast and Slow " by Daniel Kauneman," Sound " by Daniel Kauneman," Entertainment to Death " by Neil Bozeman," The Selfish Gene " by Richard Dawkins," The Origin of Virtue " by Matt Ridley," The History of Western Philosophy " by Russell," The Bible " by Robert McGee.
- ** Psychology **: Inferiority and Transcendence, Alfred Adler; The Art of Love, John Fromm; Social Psychology, David Miles; Psychology and Life, Gregg Zimbardo; Psychology of Personality, Robert Flege; James Fadiman; Learning to Ask, Neil Brown; Motive and Personality, Abraham Maslow; Self-Control, Kelly McGonigal; Intimate Relationship, Roland Miller; This is Psychology: Seeing Through the Essence of Pseudopsychology, Kisstanovic, Stephen Gass, Analysis of Dreams, Freud, Weird behavior, Why does the family hurt people, Native Family, Procrastination Psychology, Maybe You Should Talk to Someone, Elephant and Rider, Jonathan Haight, 40 Studies to Change Psychology, Roger Hawk, How to Become a Psychiatrist, The Long Road to Growth, Psychological Counseling Interviewing Techniques, RITASOMMER " The Path of Psychotherapy,"" A Gift for Psychotherapy: An Open Letter to the New Generation of Psychotherapy and Their Patients,"" My View on Psychotherapy on Personal Formation,"" A Psychiatrist Tells You the Techniques of Psychological Counseling and Case Analysis,"" Flow: Psychology of the Best Experience," Miharicheksson Mihatton.
- ** Family Education **: Positive Discipline by Jane Nielsen, The Garden and the Carpenter by Alison Gopnick, How Children Think by Alison Gopnick, How Children Learn by Alison Gopnick, How to Speak to Make Children Listen, How to Listen to Make Children Speak, How New Families Build People by Satiya, Satiya Family Treatment Model by Satiya, Parental effectiveness training by Thomas Gordon, Unqualified Parents by Unqualified Parents, and The Five Language of Love by Garry Chapman.
- ** Biography of Celebrities **:" The autobiography of Franklin "," The Biography of Mao "," The Biography of Rostrier "," The Biography of Deng Xiao Ping "," My View on Wealth "," The autobiography of Andrew Dale "," The autobiography of Rockefeller ", and " The Riches of a Nation ".
- ** Classics of Chinese Studies **: Li Zehou, Analects of Confucius, Chen Guying, Book of Changes, History of China Philosophy, Feng Youlan, Diamond Sutra, Heart Sutra, Altar Sutra, Zi Zhi Tong Jian, Shi Ji.
- ** Others **: Dong Yuhui recommended " The World " Liang Xiaosheng," Frog " Mo Yan, and " The Right Bank of Erguna River " Chi Zijian; Yang Ma recommended " I Have Never Missing the World So Much ", which included 50 essays by 13 famous people, including Shi Tiesheng, Wang Zengqi, and Ji Xianlin.
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