Gold latest market trend analysis:
Gold news analysis: Last week, the gold price maintained a high consolidation posture, failed to stay above $2,000, last week fell nearly $10, there are analysts pointed out that the gold price failed to convincingly break through $2,000, which caused some caution in the market, some analysts said that gold may need to consolidate in the short term before gold prices rise to an all-time high. While analysts are not looking to bet against gold in the current environment, some say the move has been disappointing as gold has not benefited from a sharp drop in yields and a weaker dollar. Gold closed at $1,992, ending a three-week winning streak and ending the week virtually unchanged from Friday. However, compared to the opening gap at the beginning of the week, the price is down nearly 1%. Commodity analysts said gold prices continue to be driven by global geopolitical factors as the fading of market fear diminishes the metal's safe-haven appeal. While Israel's war with Hamas continues, the conflict remains confined to the Gaza Strip, keeping ongoing chaos in the Middle East under control.
While geopolitical events can provide tradable momentum to the gold market, it does nothing to attract long-term investors. A gold rally based on specific geopolitics needs to see events escalate to sustain its safe-haven buying. With little economic data due next week, investors will continue to digest the Fed's monetary policy decision. While the Fed kept rates unchanged for the second time in a row in this tightening cycle, Fed Chairman Jerome Powell maintained his tightening bias. Is monetary policy restrictive enough to bring inflation down to 2 per cent? The Fed has left the door open for another rate rise. While we believe rates have peaked, market participants are likely to remain cautious in this regard. Assuming there is no further escalation in the Middle East, the upside potential for gold prices could be severely limited. Powell will participate in a panel discussion on "Moneta
Gold news analysis: Last week, the gold price maintained a high consolidation posture, failed to stay above $2,000, last week fell nearly $10, there are analysts pointed out that the gold price failed to convincingly break through $2,000, which caused some caution in the market, some analysts said that gold may need to consolidate in the short term before gold prices rise to an all-time high. While analysts are not looking to bet against gold in the current environment, some say the move has been disappointing as gold has not benefited from a sharp drop in yields and a weaker dollar. Gold closed at $1,992, ending a three-week winning streak and ending the week virtually unchanged from Friday. However, compared to the opening gap at the beginning of the week, the price is down nearly 1%. Commodity analysts said gold prices continue to be driven by global geopolitical factors as the fading of market fear diminishes the metal's safe-haven appeal. While Israel's war with Hamas continues, the conflict remains confined to the Gaza Strip, keeping ongoing chaos in the Middle East under control.
While geopolitical events can provide tradable momentum to the gold market, it does nothing to attract long-term investors. A gold rally based on specific geopolitics needs to see events escalate to sustain its safe-haven buying. With little economic data due next week, investors will continue to digest the Fed's monetary policy decision. While the Fed kept rates unchanged for the second time in a row in this tightening cycle, Fed Chairman Jerome Powell maintained his tightening bias. Is monetary policy restrictive enough to bring inflation down to 2 per cent? The Fed has left the door open for another rate rise. While we believe rates have peaked, market participants are likely to remain cautious in this regard. Assuming there is no further escalation in the Middle East, the upside potential for gold prices could be severely limited. Powell will participate in a panel discussion on "Moneta
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Let's see if we can extend this week to three consecutive weeks of 100% accuracy. Good luck to us
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GOLD1992 SELL TP1985-1980 SL1997
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1982Done
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Continue to win at 100%
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You can continue to sell gold today in 1992-1995 without making a new announcement so good luck
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1958 Done
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1956-1965 Done
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The trajectory of gold is exactly in line with our judgment
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Continue to win at 100%
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Today win
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Gold prices traded near $1,965 an ounce in European trading on Wednesday (November 8), after falling in the past few weeks as the political premium built up by the two metals after the Israeli-Palestinian conflict early last month began to retreat. Another factor contributing to the weakness in precious metals prices is reduced demand for safe haven positions. Recently, the US stock market continued to bull, the US stock market continued to rise. The S&P 500 and Nasdaq composite are on track for their longest winning streak in nearly two years. As a result, the fear of missing out drives traders to turn their attention to the stock market rather than non-yielding assets. Despite recent market dynamics, there are still reasons to be optimistic about precious metals. That said, one catalyst that could put upward pressure on its price is a pullback in interest rates. Last month, the US 10-year Treasury yield broke above 5.0 per cent, but has since pulled back sharply, falling below 4.6 per cent today. If this correction accelerates in the near term, then the backdrop for gold and silver will become more constructive. The dollar, meanwhile, tried to recoup losses after the market raised expectations of a rate cut next year. Gold is showing signs of weakness and is under pressure as the dollar strengthens. Gold remains under pressure due to rising US Treasury yields and mixed signals from Fed officials.
Gold technical analysis: Gold yesterday small negative line continued to fall correction, the opening is the high point of the weak negative fall method, has been extended to the later session of the United States, in touching the previous low point of 1956 slightly stable. The day line closes with a small negative K line with a shadow line. Local is still in high concussion correction. The daily line is a continuous negative line retracement. Today's move is more critical. Short-term competition for 1953-1956 gains and losses, decide whether the future market is stable to continue to surge high or deepen the adjustment space, hold still bullish, and vice versa, deepen and fall down adjustment. Here long short to change. 4 hours chart yesterday a wave of weak Yin fell, out of the signs of unilateral market, but the end still held the key support point, that is, the rising low point of 1953, is currently two high 2003-2008 not broken, twice touched the low point of 1953-1956 temporarily not broken. The long/short continuation depends on the break of key resistance highs and lows to determine the future direction. The short line is in the critical period of choosing the direction, the average line indicator is messy and divergent, if it does not break through the interval, the short line will also pull and wash the plate. In summary, today's gold short-term operation ideas suggest to rebound high altitude, back to the low as a supplement, above the short-term focus on 1977-1982 resistance, below the short-term focus on 1955-1950 support.
Gold technical analysis: Gold yesterday small negative line continued to fall correction, the opening is the high point of the weak negative fall method, has been extended to the later session of the United States, in touching the previous low point of 1956 slightly stable. The day line closes with a small negative K line with a shadow line. Local is still in high concussion correction. The daily line is a continuous negative line retracement. Today's move is more critical. Short-term competition for 1953-1956 gains and losses, decide whether the future market is stable to continue to surge high or deepen the adjustment space, hold still bullish, and vice versa, deepen and fall down adjustment. Here long short to change. 4 hours chart yesterday a wave of weak Yin fell, out of the signs of unilateral market, but the end still held the key support point, that is, the rising low point of 1953, is currently two high 2003-2008 not broken, twice touched the low point of 1953-1956 temporarily not broken. The long/short continuation depends on the break of key resistance highs and lows to determine the future direction. The short line is in the critical period of choosing the direction, the average line indicator is messy and divergent, if it does not break through the interval, the short line will also pull and wash the plate. In summary, today's gold short-term operation ideas suggest to rebound high altitude, back to the low as a supplement, above the short-term focus on 1977-1982 resistance, below the short-term focus on 1955-1950 support.
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We have a very good performance today in the 1969 sell orders, next to the 1969-1972 area can continue to sell the target 1955-1950
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TP 1955-1950 Done
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TP 1955-1950 Done
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Perfect trading signal, we made a huge profit selling gold in a row today,
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Perfect trading signal, we made a huge profit selling gold in a row today,
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1970-1948 Done
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1952-1955sell tp1940-1935 SL1960
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1952-1945 Done 1945-1960 Done
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Then we can choose to sell in the 1962-1965 area, you decide
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1965-1956 Done
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100% profitable trading signals
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1959-1962sell tp1950-1945 SL1966
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1935 Done
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1935-1970Done
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1970-1962 Done
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1970-1962 Done
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1974-1955 Done
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1985Done
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It is really a very easy thing to make money by trading gold crude oil, this is my more than ten years of trading experience to help me, if you also want to earn as much money as him to recover all the losses once, you can contact me, I will definitely help you
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This week has been a perfect week, today is the last trading day, will we continue to win
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Today, gold will continue to rise and maybe break through 2000. Good luck to you all