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U.S. Central Command: Over the past seven months, in addition to U.S. Navy warships, the Iranian Revolutionary Guard has continued to indiscriminately target thousands of civilian crew members passing through the regions waters.On October 15th, according to Tasnim News Agency, Iranian Parliament Speaker Ghalibaf stated: "Even if we negotiate with the United States, reach an agreement, and sign a document with commitments from the US, can we guarantee that the US will not attack Iran again? Undoubtedly, the answer is no. Simply relying on war and escalating tensions cannot force the enemy to abandon its threats and established objectives. The solution is to both fight and negotiate to establish a lasting deterrent. We must fight with all our might when necessary, transforming military victories into political victories, and securing the benefits, resources, and time needed to strengthen our power. We must replace the cycle of war, negotiation, and peace with a new model of war, negotiation, and deterrence. Before signing the memorandum of understanding, I said that the US would not fulfill its commitments, therefore we designed it in two phases. We first gained a strategic advantage through fighting, and then forced the US to accept the understanding. Our strategy of both fighting and negotiating does not mean endless war or perpetual negotiations, but rather using fighting to trap the enemy and force them to accept the legitimate demands of the Iranian people. Regarding the US proposal, the US president previously made commitments, but has now broken them." The United States must be punished, change its behavior, and fully recognize that it must accept the legitimate demands of the Iranian people.On October 15th, former Ukrainian Defense Minister Mykhailo Fedorov stated that Starlink is resuming connectivity services for devices traveling at speeds not exceeding 160 km/h, but completely removing the speed limit on Starshield is crucial for Ukraines defense, and he called on Elon Musk to continue providing support. Musk subsequently responded that the Starshield system is owned and controlled by the US government, and any speed or usage restrictions are decided by the US military, with the final decision resting with US President Trump. Musk also emphasized that Starlink is a commercial service owned and controlled by SpaceX, permitted only for civilian or defensive activities, and not for offensive military operations, as commercial companies involvement in such operations is inappropriate.Federal Reserves Goolsby: He doesnt like revealing the Feds intentions before meetings.According to Tasnim News Agency: Houthi rebels in Yemen attacked Saudi Aramcos oil distribution facilities in northern Jeddah, Saudi Arabia.

Under the international gold price, support is at $1750

Oct 26, 2021 11:02

On Wednesday (October 13), international gold prices strengthened, but the increase was modest. Investors are waiting for US inflation data and the minutes of the Fed’s September policy meeting to find clues as to when the central bank will begin withdrawing its massive stimulus measures. The price of gold remains bearish in the short-term, with support at $1750 below.

At GMT+8 13:39, spot gold rose by 0.12% to US$1762.11 per ounce; the main COMEX gold contract rose by 0.17% to US$1762.3 per ounce; the US dollar index fell by 0.16% to 94.366.


Three Fed policymakers said on Tuesday (October 12) that the economy has recovered enough for the central bank to begin withdrawing support policies during the crisis. This strengthens the Fed’s expectation that the Fed will start reducing monthly bond purchases as soon as next month. Central bank cuts in stimulus measures and interest rate hikes tend to push up government bond yields and increase the opportunity cost of holding gold.

The number of job vacancies in the United States decreased in August, but still exceeded 10 million, which is a very high level. Due to the tight labor supply, the number of voluntary resignations surged to a record high in August, hindering employment growth.

White House officials warned that during this Christmas period, Americans may face rising prices and empty shelves. Officials are currently busy alleviating the global supply bottleneck that has plagued US ports, roads and railroads.

On the daily chart, the price of gold has started a three-wave downward trend from US$1,781, and the support below looks to the 38.2% target of US$1738. Wave 3 is a sub-wave of the downward (3) wave that started at $1834. (3) Lang's 61.8% target is at $1688. (3) Wave is a sub-wave of the downward ((Y)) wave that started from 1917 USD. The ((Y)) wave belongs to the adjusted IV wave that started at $2,075.

On the hourly chart, the price of gold has started a downward wave ((iii)) trend from US$1769. It is expected to fall below the 38.2% target of US$1757, and further drop the 50% target of US$1750. ((iii)) Wave is a sub-wave of Wave 3.

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