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October 12th - According to the Financial Times, European officials revealed that the Trump administration is threatening to halt arms procurement mechanisms for Ukraine in an effort to pressure Kyiv to stop its deep strikes against Russian energy infrastructure. The US is lobbying European capitals and Kyiv in an attempt to persuade Ukraine to stop its attacks on Russian oil refineries. Some officials received phone calls from US officials on Saturday and Sunday, while others were briefed on the calls. The US message included threats to halt intelligence sharing and to cut off the "Ukraine Priorities List" (PURL) mechanism, used to procure US weapons for Ukraine. One European official stated, "They (the US) are calling Kyiv...they are calling everyone in Europe." Pavlo Palisa, a military advisor to Ukrainian President Zelensky and a former general of the 93rd Mechanized Brigade, said he was one of those contacted by US officials.A joint statement from Saudi Arabia, Turkey, Pakistan, and Egypt: The Houthi attacks are a blatant violation of Saudi Arabias sovereignty and territorial integrity. We believe the Houthis should bear full responsibility for all the consequences of their attacks.A joint statement from Saudi Arabia, Turkey, Pakistan, and Egypt: We condemn the ongoing attacks on Saudi Arabia by the Houthi rebels in Yemen. These attacks constitute a dangerous escalation of the situation, and we support Saudi Arabias measures to respond to them.The Indian Embassy in Riyadh has been informed that an Indian citizen who was injured in the attacks in Riyadh has unfortunately passed away today.Ukrainian President Zelensky: In just this week, Russia launched more than 200 attacks on Ukraines power generation and transmission facilities.

Gold trading strategy on October 6: Pre-non-agricultural gold prices are expected to fluctuate within a narrow range

Oct 26, 2021 10:58

On Wednesday (October 6), spot gold fell for the second consecutive day. Short-term gold prices may continue to fluctuate before the non-agricultural report is released. Investors are advised to wait and see for the time being.


Daily level: The price of gold fell slightly on Tuesday, and the support of the trend line will be tested in the day.

The short-term trend is relatively volatile and the operation is more difficult. It is expected that the non-agricultural report this Friday will guide the future trend of the gold price, and the price of gold may continue to fluctuate before this.

The technical side is mixed. On the one hand, the MACD is at a low level to form a golden cross, and on the other hand, the price of gold is still running below the middle track of the Bollinger Band. If the price of gold holds the trend line support, it will lay the foundation for further increases. Investors are advised to wait and see for the time being.

The upper resistance focuses on the 38.2% retracement at 1764.27, and further attention is paid to the 50% retracement at 1777.59 and the 61.8% retracement at 1790.91.

Below support is concerned about the 23.6% retracement level of 1747.79, and further attention is paid to the low of 1738.12 on September 23 and the low of 1721.76 on September 29.

(Spot gold daily chart)

Resistance levels: 1764.27; 177.59; 1790.91
Support levels: 1747.79; 1738.12; 1721.76

Short-term operation advice: wait and see first.

GMT+8 13:47, spot gold was quoted at $1,751.50 per ounce.

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