Market Simple Update 241118:
1️⃣ Gold. With Trump elected and the strong dollar, gold has pulled back for several days. Today, I took a quick look at the k chart, and it rebounded at the first support level. In uncertain times, long-term gold is undoubtedly heading upwards ⬆️, and the k-line structure is intact over the long term, so just add positions when it hits support.
2️⃣ Bitcoin. Continuing to push towards the previous high. 86k is the first wave of pullback in this bull market, the intensity is not large, and there is no spike, now it has returned to around 92k. The goal is simple: break the previous high and then aim for 100k. There are still no signals of a peak. The best season in the crypto market.
3️⃣ US Stocks. The uncertain factor is Nvidia's quarterly report on the 20th. Although this quarterly report is likely to be great, future guidance is key to determining the upward momentum of its stock, and Nvidia's stock price largely determines the future trend of US stocks. If the future guidance meets expectations, then the pullback in US stocks is likely over, and they will continue to rise. If the future guidance is poor, US stocks may be dragged down and continue to adjust.
4️⃣ A-shares. Volume reduction adjustment. So far, I think the trend is very healthy, and the crazy emotions before and after the National Day have not been further fueled. I hope that there can be a few more weeks of adjustment at the 3300 position. Then wait for the second wave of policy expectations to start a new round of upward momentum. Currently, this position is safe.
