ð MARKET ANALYSIS - WEEK 42 (16/10-20/10)
Negative War Developments. A brief update:
Yuanta has just released a report assessing the impact revolving around the Hamas-Israel conflict, emphasizing concerns about Israel's preparations to respond to Hamas insurgency and the potential involvement of Lebanon and Syria, which could escalate tension.
The Hamas-Israel conflict may escalate oil prices, increase inflation, and slow down global economic growth. The degree of impact will vary depending on different conflict scenarios.
In scenario 1, when the conflict is limited to the Gaza border region, the impact on the global economy is minimal.
However, in scenario 2, where the conflict involves conflicting forces supporting Hamas behind the scenes, the impact intensifies.
Scenario 3, while less likely, involves a war between Israel and Iran, which could potentially cause global recession.
Last week, AE Gold Trading witnessed significant fluctuations. Gold prices dropped more than 100 units from 1920 to 1810 the previous week. From 1830, it rose nearly 100 units to 1930 due to the influence of the conflict. This has increased the demand for safe-haven assets, particularly Gold.
So, the Gold plan for this week is as follows: AE will look to Sell in the range of 1954-1957 to capture the retracement from the recent strong rally. Additionally, consider Buying in the range of 1910-1919, with a short-term target in the range of 1980-2000. All stop-loss orders should be set at 5-10 units, and risk around 1-2% of your account.
Yuanta has just released a report assessing the impact revolving around the Hamas-Israel conflict, emphasizing concerns about Israel's preparations to respond to Hamas insurgency and the potential involvement of Lebanon and Syria, which could escalate tension.
The Hamas-Israel conflict may escalate oil prices, increase inflation, and slow down global economic growth. The degree of impact will vary depending on different conflict scenarios.
In scenario 1, when the conflict is limited to the Gaza border region, the impact on the global economy is minimal.
However, in scenario 2, where the conflict involves conflicting forces supporting Hamas behind the scenes, the impact intensifies.
Scenario 3, while less likely, involves a war between Israel and Iran, which could potentially cause global recession.
Last week, AE Gold Trading witnessed significant fluctuations. Gold prices dropped more than 100 units from 1920 to 1810 the previous week. From 1830, it rose nearly 100 units to 1930 due to the influence of the conflict. This has increased the demand for safe-haven assets, particularly Gold.
So, the Gold plan for this week is as follows: AE will look to Sell in the range of 1954-1957 to capture the retracement from the recent strong rally. Additionally, consider Buying in the range of 1910-1919, with a short-term target in the range of 1980-2000. All stop-loss orders should be set at 5-10 units, and risk around 1-2% of your account.