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Dalian Precious Metal Spot Trading Center Investment Hotline Manager Liu Dalian Precious Metal Personal Agent, Dalian Precious Metal Company Agent, Dalian Precious Metal Agent, Dalian Precious Metal Spot Investment, Dalian Precious Metal Investment, Dalian Precious Metal Silver Investment, Dalian Precious Metal Silver Agent, Dalian Precious Metal Commodity Investment, gold, silver, copper, palladium, mixed aromatics, asphalt, fuel hydrocarbons, energy.
How will the gold market behave in the post-election era of the United States? Foreign financial websites stated that from a technical perspective, gold is now experiencing a technical disaster. Over the past few weeks, heavy gold selling has caused gold prices to attempt to break below the USD/Ounce mark.
In the past summer, the price of gold had been stable above the US dollar/ounce, and hit a high of US$/ounce on the same day. But everything changed in May. The thrilling movements of the U.S. dollar within a week obviously caught gold investors at a loss. The large number of selling orders and the Federal Reserve's interest rate hike expectations caused gold to fall to USD/ounce last Friday, breaking below After reaching the daily moving average, the price has dropped by USD/oz from the current price of USD/oz.
Now, with only one trading day left in the year, as the power of shorts continues to escalate and the Federal Reserve’s monthly interest rate hike is confirmed, gold’s rise this year seems to be over. For the near term, there are two major technical indicators worth noting. , as mentioned earlier, gold prices fell below the daily moving average for the first time since the beginning of the month. Investors should remember that regardless of whether this is an accidental factor, the daily moving average is recognized by the outside world as the dividing line between bull and bear markets.
Dalian Precious Metals Spot Trading Center Investment Hotline