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What are the risks of gold next week?

Member Since Aug 19, 2020  6 posts jinchenghao (jinchenghao) Oct 24 at 06:15
Take a look at the technical position of gold trend, it seems that gold will choose the direction in the near future..

However, I am not optimistic about the rise of gold in the 'early stage of the election', and there will be further correction in the near future. The reasons are as follows:

1. From CTA fund's position in gold, we can see that the current long position is continuously decreasing, falling to a new low since April last year, and the capital is not optimistic about gold in the near future!

2. The plan of stimulating water release has been written for many days, but the view is that it can not be achieved before the general election! The bill shows that some progress has been made in the negotiations, which gives the people confidence, but there are many difficulties in practice! Some time ago, gold plummeted so much after the stimulus bill was called off. It can be seen that the current gold market is very concerned about the expectation of the bill!

As the first promoter of the stimulus plan, if the democratic party falls to the ground, all the credit will belong to the Democratic Party. Trump is not stupid. He will not let his enemies get election chips. Then he simply delays the bill, which is undoubtedly the best choice for his party! Of course, once the dust of the election is settled and the victory or defeat is known, no matter who is in power, the first factor is to save the economy, and there is no need to delay the water release bill. At this time, the benefits of gold will gradually appear!

2、 Readers' questions and answers:

Some readers have asked why the US Federal Reserve is not indifferent to the fact that the current US economic expansion and water release measures are not over, but the US debt ratio has actually risen back to the 200 day average, which puts greater pressure on the US debt enterprises? As shown in the figure above, the reason is very simple. This shows that the Federal Reserve thinks that the current economy has not yet reached the level of dove. In fact, this is not conducive to the rise of gold. On the other hand, from the perspective of trading, it also shows that investors in the market choose stocks more than bonds.

As for the impact of the US election on precious metals, I will open a special course tomorrow night to help fans and readers explore more trading opportunities during the election with 11 years of derivatives trading experience!



Member Since Jul 20, 2019  294 posts marco_mmbiz Oct 25 at 15:08
In my opinion gold will fall until November and then rise again until February (like all the years before).

patience is the key

Member Since Oct 09, 2020  18 posts Marlonsmith Nov 05 at 11:39
I am waiting for the gold prices to fall. It will remain in demand for years to come. I am sure it will prove to be a healthy investment.


Member Since Oct 15, 2020  42 posts Bladiminmunro Nov 06 at 11:51
Gold is undoubtedly a profitable investment. It will always remain in demand and hence, will pay more in the long run.


Member Since Oct 06, 2020  17 posts Marshshaun Nov 09 at 10:17
The current graph of gold prices is attracting me to invest in it. But I am not sure for how long will its prices increase. There will surely be a drop.


Member Since Oct 19, 2020  22 posts Shaunmaxi Nov 12 at 05:10
It seems like it might continue to fall for another few months or even next year. Make sure you think about it first before investing.


Member Since Oct 23, 2020  19 posts Davidtaylorr Yesterday at 05:26
Gold prices have been increasing like anything. I have been keeping my eyes on it for a long time. Waiting for it to take a dip.

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