Don’t enter and exit the market too frequently

Today’s top picks

Gold opened lower on Monday

Israel launched a military strike against Iran over the weekend. Sources said Iran informed Israel through a third party that it would not respond

US media: Iran’s Supreme Leader Khamenei is seriously ill

Israel’s Mossad director led a team to discuss a ceasefire in Gaza, but Israeli media revealed that he had no relevant authorization

The final results of the Japanese House of Representatives election are out, and the ruling coalition did not win a majority of seats

President Xi Jinping: Strengthen the construction of inclusive, basic and bottom-line livelihood

Deputy Minister of Finance: China is confident of achieving an annual economic growth of about 5% Growth target

State Council: We must focus on striving to achieve the annual economic and social development goals and continue to implement a package of incremental policies

In the third quarter of this year, Central Huijin increased its holdings of multiple broad-based ETFs

Alibaba agreed to pay 3 billion yuan to settle the class action lawsuit of US shareholders, but denied any allegations

Market review

Spot gold once lost the 2720 mark during the session, but rebounded sharply before the US market, and once rose to an intraday high of US$2747.69, up more than US$30 from the intraday low, and finally closed up 0.41% at US$2746.92/ounce. Spot silver rose before the US market, but then gave up all the gains during the day, and finally closed down 0.01% at US$33.66/ounce. On Monday, spot gold opened with a gap down of US$15.

The three major US stock indices rose and fell, with the Dow Jones Industrial Average closing down 0.61%, the S&P 500 down 0.03%, and the Nasdaq up 0.56%. The Nasdaq China Golden Dragon Index closed up 1.38%. Western Digital (WDC.O) rose 4.72%, and its first quarter turned a profit. Tesla (TSLA.O) closed up 3.34% after rising 22% last Thursday. Cryptocurrency concept stocks fell across the board, with Riot Blockchain (RIOT.O) down 5.40%, Marathon Digital (MARA.O) down 6.37%, and Coinbase (COIN.O) down 1.97%. Earlier reports said that the U.S. federal government is investigating whether cryptocurrency company Tether may have violated sanctions and anti-money laundering regulations.

Account status: We are still reducing our positions today. The uncertain U.S. economy and overvalued U.S. stocks may bring down the cryptocurrency market at any time. Although BTC SOL is still in a long position, the altcoins led by ETH have entered the bear market very early, lacking the last drop to form a C wave kill.

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