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Sometimes business performance is like a roller coaster, sometimes upward, sometimes downward sharply, always mixed with joy and sadness. If one is not paying attention, the market can disintegrate investors’ psychology and devastate their souls. As long as it enters the market, such an experience is inevitable, but investors can learn to deal with these situations and even learn to profit from them. The rules must be strictly adhered to, otherwise it is just empty talk. Strictly implementing the rules you have set for yourself and being completely self-disciplined is the hard part. It is difficult to implement because people are a complex of the rational and the irrational. The irrational side always consciously or unconsciously tries to destroy our rational thinking. We must overcome this barrier and achieve strict self-discipline, otherwise we will never be able to enter the ranks of successful people. And this process implies self-cultivation, requires accumulation of time and constant psychological strengthening of the self.
Gold Information:
COMEX gold futures closed up $ 11.90, or 0.6%, to close at $ 1,879.90 an ounce. Gold futures prices closed this week down 1.3%, which was the third consecutive week of decline. Gold futures fell 0.8% this month. The price of silver futures for December delivery rose 29 cents, or 1.2%, to close at $ 23,646 an ounce. Silver futures fell more than 4% this week and were up 0.7% this month.
R, head of research at GSh, noted that despite the turmoil in US equities in October, the gold market was unexpectedly quiet. Gold has been affected by two different factors: a stagnation in the fiscal stimulus negotiations that is unfavorable for the price of gold, and a weak dollar for most of the month that is favorable for the price of gold.
As investors prefer the US dollar as a safe-haven tool, the price of gold has fallen for the third month in a row, the longest since April 2019. HSBC’s chief precious metals analyst J said that the entire market for Precious metals will experience enormous volatility before the US elections. Market risk aversion boosted the US dollar and suppressed gold and silver, but the decline in gold and silver prices is unlikely to go further. Under the influence of the epidemic and the US elections, the price of gold and silver will continue to fluctuate, which will eventually attract the support of risk aversion.
gold
The price of gold opened yesterday at US $ 1.86.47 an ounce, after the opening the price of gold fell slightly and then rose, the low level was at US $ 1.864.29 an ounce, then fluctuated and rose. It fell to US $ 1,889 an ounce and finally consolidated at a low level, closing at US $ 1,878.23 an ounce. The daytime line closed at the small Yang line, leaving a long upper shadow line. After the second consecutive Yin at the level of the daily line, gold appeared at the small Yang line, which showed signs of bullish resistance. The Bollinger band closed and the moving average stuck above the price of gold. The fork diverges downward. From a morphological point of view, gold has a trapezoidal downward trend, the bottom focus is on the support at the 1860-1848 position, and the resistance level at the 1831 position will again open the ascending pattern.
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