empty
 
 
vi
Hỗ trợ
Mở tài khoản ngay lập tức
Tải nền tảng giao dịch Metatrader
Khởi động WebTrader

24.11.202314:39 Forex Analysis & Reviews: Gold under strong upside pressure

The price of gold continues to move sideways in the short term. It's located at 1,995 at the time of writing. The Dollar Index's indecision makes XAU/USD undecided as well. As you already know, the yellow metal changed little in the short term also because the US banks were closed yesterday.

Today, the US data should bring sharp movements in both directions. The Flash Services PMI and Flash Manufacturing PMI represent high-impact events, so the volatility should be very high. Also, the Canadian retail sales figures should move the rate as well.

XAU/USD Accumulation!

Exchange Rates 24.11.2023 analysis

As you already know from my previous analysis, XAU/USD is trapped between 1,986 and 1,998 levels.

Escaping from this extended range could bring new opportunities. Now, it challenges the upper median line (uml) which represents a dynamic resistance. Its failure to approach and reach the 1,986 static support again signaled strong upward pressure.

Gold Outlook!

Jumping and closing above 1,998 activates further growth and is seen as a buying opportunity.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.