Views on commodities Gold, Silver and Crude Oil for October

Life is a coffee table full of cups and utensils. Once, no matter how well- fit clothes, they can't be buttoned now, just like the past and the market that can't be repeated. In the past, it can only be used to look back, but not to restart it twice. It's not that we get too little, but too much greed. Chess and gestures are equal. Self-growth and laughter for the future and the market will always give you and the surprises I have been looking forward to! Every step taken will be counted in the future days. Some people enjoy the comfort of life, some people like to work hard, take every fluctuation of the market seriously, and the result will not deceive anyone. October 1st is the 74th birthday of the motherland. Sing the motherland and send flowers to the motherland on the occasion of the National Day, no matter how many years you have spent side by side with the motherland. I wish the motherland will be better tomorrow. I also wish everyone a happy holiday!

Gold: At the end of the U.S. market on Friday (September 29), the price of gold closed near 1848 USD/ounce. The personal consumption price index (the Fed's preferred inflation indicator) released on Friday helped boost the market. The Golden September and Silver October are more than half of it. In September, it has been emphasized that the trend of shorting has been revealed across the board. Although there is a certain technical rebound space above, the rebound is also for everyone to get out of the game. At the technical level, the daily line recorded a relatively strong negative line of the physical column, closing for three consecutive trading days and holding in the short term. The continued decline intensifies the downward cross divergence of the daily moving average. Although the outstanding technical indicators have entered the oversold area, the power of shorts has shown an advantage. As long as the upper 1880-1885 line does not break through, the short trend is still unshakable. Next week's operation strategy Xu Gucheng suggested opening around 1845-1848, stop loss 1843, target 1857-1863; recommended rebound near 1865-1870 short, stop loss 1875, target 1859-1852 specific operation firm offer.

Silver: The US dollar continues to rise and is in a bullish trend. The U.S. dollar is contrary to the silver price. If the U.S. dollar continues to rise, there is a high probability that the silver price will continue to fall. Gold continues to fall. The homogeneity of gold and silver is more than 80%. If gold continues to fall, the price of silver will continue to fall. The United States has entered the interest rate hike cycle. The US dollar's interest rate hike is expected to rise. The long-term trend of silver may be in a state of continuous decline, and the short-term trend will be repeated. The global economic downturn. When the economy is sluggish, people are dominated by cash. Funds will flow out of the silver market, and the price of silver will continue to fall. The number of continuous throwing or net shorts by institutions continues to increase. Institutions are a major factor in controlling the price of silver. If institutions continue to sell, the price of silver will inevitably fall continuously. In terms of operation strategy, Xu Gucheng recommends 22.8-23 short, stop loss 23.25, target 22-4-22 break to 21.75 competition.

Crude oil: U.S. crude oil futures completely erased some of the earlier gains in the session and fluctuated lower, now near the level of $90 per barrel. In the next quarter, people may focus on several key issues, including whether oil prices will launch a final impact on the $100/barrel mark, and whether Saudi Arabia and Russia will decide to relax production cuts to boost tight global supply. However, before the end of this quarter, the sentiment in the market was high. Given that the technical indicators of the daily chart are still bullish, shorts need more "offensive" to reverse the trend. In terms of crude oil, the price of crude oil soared and fell near 95 yesterday, and the bulls showed a profit-taking market, but it remains to be seen whether this wave of rise has ended in the short term. The current signs of overbought and the impact of profit-taking positions on the weekend holidays and the recent statement of the United States may make a certain response to the crude oil market. These Factors may contribute to the probability of oil price peaking in the short term. Short-term Xu Gucheng suggested strategy reference: high probability scenario: bullish above 90.2, target 91.5-92.2; small probability scenario: bearish below 90.2, target 89.7-88.2. Market comments: In terms of operation, pay close attention to the gains and losses of the 13-day moving average of 90.2.

In addition to investment, there are also poems and distances, as well as Xu Gucheng. At present, I mainly study spot gold and silver and US crude oil. I hope this article can bring some help to your trading. Finally, I wish you all a happy trading. Facing the market, in fact, facing yourself, correcting shortcomings, facing mistakes, being strict with yourself, and not telling lies are the foundation of success. I, Xu Gucheng, comprehensively analyze the trading varieties at home and abroad, focus on the explanation of important financial investment news at the first time, and lead investors to the correct orientation. Investment is a complete system including investment concept, investment mentality, capital management, risk control, investment strategy, operation methods and ideas, gold and silver, crude oil, etc. Daily market interpretation, please pay attention! $Tesla Motors(TSLA)$ $Semiconductor Bull 3X Shares(SOXL)$ $NIO Inc.(NIO)$ $Advanced Micro Devices(AMD)$ $Palantir Technologies Inc.(PLTR)$ 

@TigerStars @Daily_Discussion @MillionaireTiger @Tiger_chat 

# 💰 Stocks to watch today?(22 Nov)

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  • 0billionaire
    ·2023-10-04
    TOP

    $1b senior notes… must be for their new phone they’re creating. NIO spends money like crazy. Look how many unsuccessful models they have. Feel bad for those still in it. Better off selling it all and putting it into TSLA or RIVN.

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  • SiongZ
    ·2023-10-04

    I just picked top names like msft googl aapl nvda tsla and such and wait for dips to add slowly 1 or 2 shares at a time. Then you have something called patience....

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  • Hilliton324
    ·2023-10-04

    Cramer on Mad Money said the only stocks that will hold up with high bond yields are the mega caps"

    I'm glad 60% of my portfolio is in asml lrcx aapl msft googl nvda amzn tsla meta.....

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  • JONESTea
    ·2023-10-04

    I think in the short term Nvidia will do better but 2025 Tesla will breakout and do a 3-4x again. By then I’ll probably be back to 100% TSLA.


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  • ZOE011
    ·2023-10-04

    Tesla if it dips to 85-100. They have a lot of good moving forward outside of just the cars, but they always over promise and under deliver.

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  • Taurus Pink
    ·2023-10-03
    [暗中观察] [暗中观察] [暗中观察]
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  • Sonsonkok
    ·2023-10-04

    Great ariticle, would you like to share it?

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  • 113071z
    ·2023-10-03
    a
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  • KSR
    ·2023-10-03
    👍
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  • Tangan
    ·2023-10-03
    Thanks
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  • andrew123
    ·2023-10-03
    like
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  • Tom Chow
    ·2023-10-03
    hi
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  • Tom Chow
    ·2023-10-03
    good
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