Although mainstream media in the United States have reported that Biden won the 46th presidential election in the United States, leaders of many countries also sent congratulatory messages to Biden. Trump refused to make concessions to Biden and claimed that he won the election. Before the General Services Administration “determines” the winner. The Biden administration could not officially begin the transfer of power. So far, the Trump administration has refused to start handing over to Biden. Therefore, there are still many uncertainties in the situation of the US presidential election. Trump and his campaign team have initiated legal proceedings, including Georgia and Wisconsin. The voting results in states and Pennsylvania have repeatedly claimed widespread fraud and filed lawsuits. At present, a Michigan judge has dismissed the Trump team’s lawsuit.

However, investors should pay attention to the latest news yesterday that Georgia announced that it will re-count the ballots in the general election. Some market analysts said that Trump’s lawsuit is almost impossible to change the outcome of the election. The market still needs Waiting for the outcome of the legal process.

European countries have ushered in the second wave of epidemics. At present, many European countries have begun to implement a new round of blockade measures. The new round of blockade measures caused by the new crown epidemic will slow down the pace of economic recovery. The United States has ushered in the 2^nd wave outbreak at the peak of the new round, the number of confirmed cases of new coronary pneumonia in the United States has exceeded 100,000 for several days. So far, the cumulative number of confirmed cases in the United States has reached 10.66 million, and the number of deaths has exceeded 240,000. The U.S. government is currently busy with matters related to the results of the presidential election and does not have too much energy to pay attention to the new round of outbreaks. Some experts say that entering the United States will enter a dark winter. The confirmed cases of the new crown in the United States may be in the next few months. Continue to refresh records.

Although the market was encouraged by Pfizer Biotechnology’s news about the new crown vaccine on Monday, the market had to face practical problems after the carnival. At present, the vaccine cannot be mass-produced. Secondly, the vaccine faces many difficulties in storage and transportation, because the vaccine It needs to be stored and transported under minus 70 degrees.

Regarding gold, as the result of the US presidential election is still pending official announcement, there are many uncertainties to support gold. In addition, a new round of new crown virus is sweeping most countries around the world, including European countries, the United States, and other countries in the world. The number of confirmed new crown cases has also increased, which has also provided some support for gold. The Fed reiterated its continued unlimited quantitative monetary easing policy and promised to increase debt purchases to provide support for gold. In addition, investors also need to pay attention to the performance of the US CPI and initial unemployment claims released during the US market during the day.

Technically, since the market’s focus is on the results of the US general election, the current market sentiment is relatively cautious, and the sentiment is strong. Gold is weak and volatile in the short-term. After a plunge of US$113 on Monday, gold found support at 1850. The rebound hit the highest position in 1890. Gold’s current trading was consolidating around 1868. Gold rebounded to around 1884 yesterday. It was blocked and fell back to 1856. It found support and rebound. In the day, gold will be suppressed by 1878,1883,1893,1907 and 1955,1850,1838 position support strength. Intraday gold operations can be entered and shorted in batches. Short positions near 1877, stop loss 1885, and take profit 1868-1860 targets. If gold breaks and stabilizes above 1878 during the day, short the 1892-1895 interval, stop loss 1900, take profit 1882-1872 -1860 interval target. There are many intervals between 1853-1856, stop loss 1848, look at the target position of 1868-1877-1890.

Analyzed by Mr. Duke Ruan，Independence Analyst