Yunnan Daole Commodity Trading Center

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The storm caused by Saudi Arabia’s execution of Shia cleric Nimr continued, and the Saudi Ministry of Foreign Affairs announced late at night that it would cut off diplomacy with Iran. Relations, all Iranian diplomats in Saudi Arabia must leave within hours. The United States responded by calling on leaders in the region to take concrete measures to ease tensions. Saudi Foreign Minister Al-Jubeir announced the severance of diplomatic relations with Iran and the recall of diplomats within a limited time. He also said that the ambassador of the other country had been summoned to inform him of the decision. At the same time as the announcement of the severance of diplomatic relations was made, Saudi diplomats in Iran had evacuated to Dubai and were on their way back home due to the attack on the embassy and consulate. Al-Jubeir accused Iran of allowing people to attack foreign embassies and consulates, which is consistent with their strategy of cultivating terrorist forces and subverting stability in the region. Saudi Arabia is mainly dissatisfied with the remarks of top Iranian officials, believing that the other party's criticism of Saudi Arabia's execution of Nimr was interference in internal affairs. In addition, Saudi Arabia is also dissatisfied with the Saudi Embassy in Tehran, which was set on fire by Iranian people who came to protest. The Iranian authorities even renamed the street where the Saudi Embassy is located. Nimir.
Fundamental Interpretation Saudi Arabia executed 2 prisoners, which was the largest mass execution in the country since 2008. Among the prisoners was Shiite cleric Nimr al-Nimr, who was also a core figure in the Arab Spring demonstrations that broke out in Saudi Arabia in 2018. This incident may become an important trigger that ignites religious wars in the Middle East and will definitely highlight the safe-haven function of precious metals.
2. Technical perspective
The support level is near the starting point of the previous upward trend
The pressure level is near the previous high point
3. Operation strategy The last trading day continued to trend downward for one hour The first center continues to fluctuate. If it falls below the previous low again today, the decline weakens, forming a downward consolidation divergence. At the same time, the downward position is close to the lower edge of the trend center at the daily level, and the downward trend may end. Then it turned to an upward trend. Yesterday's hourly downward central range was between, so this range will become an important position affecting today's trend. Today, short-term investors can go long at a low level, strictly stop losses, and light positions are