Gold bulls are heading all the way up, and the next stop is to c
The United States has twice vetoed the UN ceasefire agreement on the Palestinian-Israeli war. It seems that no matter how excited the discussion in the group is, the group leader still has the final say!
Since the outbreak of the Israeli-Palestinian war on October 7, doctors in Palestinian schools have been attacked. U.S. President Biden personally visited the presidents of Israel and Hamas. Diplomat Blinken traveled through the Middle East for four days to lobby allies to take sides. .
As a result, 15 United Nations members and 12 participating countries voted to suspend the resolution on the conflict between Israel and Hamas, leaving a humanitarian corridor and giving time for people to evacuate. However, the United States vetoed it, causing the conflict to escalate again.
On the 19th, the embassies of various countries in Israel also issued an urgent reminder: Return home or leave as soon as possible. A new round of Israeli propaganda has entered a "state of war." The United States has also fully evacuated its citizens. The smell of gunpowder is full, and risk aversion panic has once again escalated.
In addition, in the early morning, Federal Reserve Chairman Powell delivered an important speech at the Economic Club of New York, which mainly discussed the current monetary policy of the Federal Reserve. Although the old man was still vague when answering reporters' questions, the implication was that he was "holding no ground" and did not intend to significantly increase the Federal Reserve's monetary policy. interest rate.
After the meeting, the US dollar index fell rapidly, while gold rose sharply by US$20, driven by the uncertainty of the Palestinian-Israeli war and the suspension of monetary tightening by the Federal Reserve. As I mentioned to members yesterday, the 1980 was directly broken down.
A strong market often doesn't have a deep adjustment, and a deep adjustment is not strong. The bulls in this wave of gold explain everything.
What’s next for gold?
Don't guess at the top, this is the minimum principle. Don't mistake the correction for the top. In the short term, gold will soon challenge 2,000 US dollars. Since the Palestinian-Israeli war started, gold has risen by 150 US dollars in two weeks, and it is still going up. .
Now, the focus is on the Palestinian-Israeli war. It has become an established fact that the Federal Reserve will not raise interest rates on November 2. Unless there are further signs of strong U.S. economic growth, an interest rate increase may be triggered. Otherwise, high interest rates will remain unchanged.
Countries are evacuating their personnel and leaving Israel, which shows that the war will be difficult to calm down for a while. The conflicts between the two sides are too deep and they shoot women and children indiscriminately. This is genocide, not just because of geopolitical factors like the Ukraine-Russia war.
Today, gold is supported by the 1972-73 area. After a slight consolidation, gold will continue to increase. Don’t be afraid of heights, let alone imagine that it has risen so much. It should fall. The other position is the 1963-65 area, which will form a new The top-bottom transition, the top looks to 1995-1998 and even breaks through 2000
If you agree with me, please leave me a message
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Gold is bullish. I believe everyone who followed me today made money. Many people question my analysis. If you would rather be bearish than continue to chase long, then you are wrong, buddy, because you are not an analyst and you cannot see the trend clearly. I like a brother who never doubts me and only trades based on my signals. , because the result is the best proof
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Gold has reached the position I predicted. Please continue to pay attention to what to do next.
