The Gold Bullion Is Simply Miserable.

Now,

What is the immediate trend of price? What's more, traders are more concerned about the fact that as the political progress becomes clearer, investors' risk aversion needs to decline, can gold hold up the current rally, or is it ever since losing momentum?

In the 12 record that gold price has risen more than 4%, 5 have maintained the upward trend in the next 90 days, but 4 times the price of gold has gone up and down.

The gold bullion is simply the result of this election.

On the same day, spot gold rose 4.8%.

Usually, gold investors can hardly see this level of increase in a year.

So far this year, this has happened 3 times.

The intra day volatility of gold prices rarely exceeds 1%, and since 2000, gold has fluctuated more than 4% only 13 times (including Wednesday's US general election).

5 of them occurred within four months of the peak of the global financial crisis.

In the face of Wednesday's general election, gold bears can still find some comfort: the last time gold rose after being hit by a great stimulus, that is, the June 23rd referendum in Britain, it finally ended in 3.1% days in 90 days.

But overall, Fick thinks that a single big shock can not be reversed.

The long-term trend, let alone the prospect of this precious metal is still very promising.

Earlier this week, the gold 50 day moving average had already lost its momentum of breaking the 200 day moving average, and now it has been on the run thanks to the general election on Wednesday.

At present, the price of treasury bonds is soaring, implying that the market believes that Trump's victory has lowered the probability of raising interest rates by the Federal Reserve (high interest rate negative gold).

In India, despite the unexpected weakness of gold demand in recent quarters, the decision of India Prime Minister Modi to abolish two high value banknotes of 500 rupees and 1000 rupees has triggered a wave of small investors' pursuit of gold.

In general, the factor of Trump will also be hidden in the trend of gold.

Before investors can figure out what kind of economic and geopolitical impact this election outcome will bring, gold is likely to be as unpredictable as the Republican leader.

As Trump said in March this year, "I have always stressed that we must make others feel that we are unpredictable.

Our current behavior is entirely traceable.

It is bad to have traces to follow. "