During the Asian session on Wednesday (December 30), spot gold rose slightly and was traded near 1883. As the US dollar continued its downward trend, foreign exchange traders ignored the news that the US Senate postponed a vote to bail out the check amount and continued to bet that Congress is still expected Introduce further financial assistance measures. In addition, the first case of a mutated virus infection in the United States and record new cases in Texas also provided some support for safe-haven gold. However, the U.S. October 20 city housing price index hit the largest increase since 2014 and the stock market continued to record highs and continued to compress gold prices. Upside space.
At present, the price of gold is still in a narrow upward range, but the indicators have signs of exhaustion and negative signs. The market may enter the consolidation quotation. In the day, you can consider light positions to be long, and long and short trading in the Bollinger Band.
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.