Quotes Review:
On the eve of today's US session, it is still in a volatile pattern, US stock futures pulled back some of the decline, and the market waited for US inflation data. The U.S. dollar remained firm before the data was released, gold prices were under pressure to hold 1820 for the time being, it is worth mentioning that tomorrow is the U.S. Veterans Day, the number of initial jobless claims last week scheduled for Thursday will also be announced within the day, plus the key U.S. CPI, today is busier.
Technical Analysis:
No matter how long the road will be, there will be an end, no matter how big the rain is, there will always be a time to stop, the dark clouds can never cover the smiling sun, good emotional management, determines that the positive energy on your body is greater than the negative energy, and the positive moments are more than the anxious moments. Failures in emotional management are prone to hurting others as well as themselves.
We must accept disappointment because it is finite, but we must not lose hope because it is infinite.
With the opening of the US market, the data have been released one after another, and the US unseasonal CPI in October recorded an annual rate of 6.2%, hitting a new high in more than 30 years, the previous value was 5.4%, Expected 5.8, this data after the release of the greater positive U.S. index, bearish gold prices, although the unemployment data release value is slightly higher than the expected 26.5, the published value of 26.7, but lower than the previous value of 26.9, but the impact of this data on the market is first up and then down, the data on the market, is not tonight's protagonist, but the futures market to strike hard to interfere with the original downward trend, and in one fell swoop to help gold prices to win the 1850 mark, currently hovering in the 1860 ~ 1870 range, silver prices also from the bottom of the 24 mark, Suddenly ascended to the 25 mark and hovered.
However, the growth of seedlings is not necessarily a good thing, a strong flow of funds poured into the market, naturally killing the original signs of decline, but coaxing the gold price to rise to above 1850, it seems to break the level to take the mark, but in the second half of the night as the capital thrust fades, the original strength is not enough to stabilize the gold price above 1850, which is why update the analysis so late, with the intervention of the main force of futures, the market reversed the original fortune tonight, if today can withstand the second half of the night pullback, then tomorrow's upward momentum is still a little, but not much, Especially the main force here to dig a pit, ambush the market bulls, so as to return to 1830 ~ 1800 wandering, if the night can not hold 1850, then around here near 1850 ~ 1880 can be built in batches to see the 1830 ~ 1810 support.
Facts speak louder than words, and look at a silhouette in the second half of the night, if the existing movement can not maintain this wave of strong pull-up momentum, then tomorrow is especially weak, today's pull-up will not change anything, do not change the original thoughts because of a small unilateral change, silver brother, from the bottom of the 24 mark upwards a large range, to the 25 mark, not the market successfully bottomed, there was a reversal, and a strong inflow of funds caused by the rise, from the 24.8 to 25 mark, and 25.3 ~ 25.5 are the heavy pressure position , pulled up the large range is bound to repair, often this strong pull up, the follow-up no data foil, come and go fast, so want to chase high, I suggest put it, be careful to be put in, after midnight and tomorrow, will show a weak finishing, first look at the 24.5 ~ 24 range support, the high 25 ~ 25.5 range can be built in batches to build defense, to look at the bottom support.
Focus today
Uk's Q3 GDP preliminary y-o-y, UK industrial output in September
The above is written by Moshi and is for reference only