Overnight Market Review (2022.10.4) During the Asian session, spot gold rose and fell, once reaching a high of more than two weeks to around US$1,702.42 per ounce. The US manufacturing PMI data performed poorly overnight, and the US dollar and US bond yields fell to more than a week. low,
Provide upward momentum to the gold price. Although the short-term increase is too large, and there are also some short-term long-term profit-taking at the 1700 mark, the gold price has fallen back to around $1,696, but the technical bullish signal has been significantly strengthened, and the geopolitical situation in Russia and Ukraine is still tense. The agricultural data is not expected to be optimistic, and there is still a chance for gold prices to rise further.
Trading strategy deployment: it is recommended to do more at low levels
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.