empty
 
 
cn
支持
即时开户
交易平台
入金/出金

30.11.202309:52 Forex Analysis & Reviews: Gold: 2,038 support holds, more gains in cards

The XAU/USD pair is moving sideways in the short term, trying to accumulate more bullish energy before extending its growth. It's located at 2,044 at the time of writing and it seems undecided. The Dollar Index moves somehow sideways in the short term, that's why the yellow metal consolidates.

The bias is bullish even if the US Prelim GDP reported a 5.2% growth compared to the 5.0% growth estimated. Today, the US economic data and the OPEC-JMMC Meetings could shake the markets. The US is to release the Unemployment Claims, Core PCE Price Index, Pending Home Sales, Chicago PMI, Personal Income, and Personal Spending. Only positive US data could help the USD to appreciate versus its rivals. This situation could send XAU/USD down. In addition, Canada is to release the GDP which represents a high-impact event as well.

XAU/USD Range!

Exchange Rates 30.11.2023 analysis

Technically, Gold is trapped between 2,051 and 2,038 levels. I told you yesterday that the bias remains bullish as long as it stays above the 2,038 static support.

As you can see, the rate registered false breakdowns below this downside obstacle, confirming strong upside pressure.

Gold Forecast!

A new higher high, jumping and closing above 2,051 is seen as a bullish signal.

Dropping and closing below 2,038 activates a potential drop towards the uptrend line.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2024
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.