Highlight fundamentals
• Gold rebounds +$8.35!! Get technical buying power!! But Powell revealed that he might be in the D.A. again!!
• Gold has the strength to buy the dip from the Low $1,944 area, which is the area. Bottom frame of sideway down in technical image Therefore there is buying power and speculation.
• However, the increase is still limited and has decreased from the high level from the previous day. Because there is still a news factor that blocks speculative buying power According to Powell’s statement: “It is not yet certain that interest rates are high enough to sustainably control inflation.”
• Such factors As a result, the dollar-bond yield has recovered, returning to suppress gold prices.
• The war began to ease. Israel holds a 4 hour truce every day. But there has been no ceasefire.
Advice
• The price continues to move in the Sideway down frame after the price has weakened to a certain level. While there is buying power, it pushes the price up.
• But if the price increases are limited Recommend opening a sell position to make a short-term profit from the fluctuations. If the price cannot stand above 1,966-1,971 dollars per ounce.
• Sell position to cut losses. If the price passes the resistance level of 1,990 dollars per ounce.
• Close the sell position and take profit. If the price does not fall below the support level of 1,944-1,935 dollars per ounce.
This article was produced by YLG Bullion International.
For more information, contact 02-687-9888 press 1 or website ylgbullion.co.th
2023-11-10 04:07:45
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