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What are the risks of gold next week?

jinchenghao (jinchenghao)
Oct 24 2020 at 06:15
posts 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!


Oct 25 2020 at 15:08
posts 366
In my opinion gold will fall until November and then rise again until February (like all the years before).

patience is the key
Nov 05 2020 at 11:39
posts 28
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.

Nov 06 2020 at 11:51
posts 59
Gold is undoubtedly a profitable investment. It will always remain in demand and hence, will pay more in the long run.

Nov 09 2020 at 10:17
posts 31
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.

Nov 12 2020 at 05:10
posts 28
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.

Nov 27 2020 at 05:26
posts 31
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.

Dec 02 2020 at 12:04
posts 73
Saw gold resistance around 1850/1895 levels on fxview reports. lets see how it pans out.

Dec 14 2020 at 13:23
posts 15
Gold is forming weekly uptrend divergence, and there are upside RIsks so we have to wait for confirmation and be careful to go short till we make sure of the confirmed gold signal.

Jan 07 2021 at 08:49
posts 19
It was going down in November and the prices might start rising either by the end of this year, or towards the beginning of next year.

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