GOLD increased again towards the end of the session as the Dollar and Bond yields fell again following a sharp drop in US housing data, and Bond auctions achieved good results, along with predictions of FED cuts. interest rates sooner than expected...
Therefore, Gold received good support again at the end of the session and kept its price well this morning. With current developments and news, the prediction will still be more inclined to increase. If there is a decrease, it will only be a short decrease because the Sell side is watching the Sell side, which is quite resistant despite the data and news not supporting Sell. Therefore, the Buy watch will be given priority with the target of 2020 - 2022 and 2025 - 2027 and beyond that will be 2030 - 2032. Then the Sell watch will phase back with a target of 2000- 1980.
In the European session, if you still keep trading above 2010 - 2012 or still move sideways in the 2015 - 2017 price range, the opportunity to Buy is still there. Only when the middle of the European session approaches the opening of the American session but GOLD does not exceed 2025 - 2027 or is still around 2020 - 2022 will we exit Buy, and watch to Sell earlier with a target price of 8 - 10.
During tonight's US session, the market also received a lot of US economic data such as Richmond State Consumer Confidence and Manufacturing, in addition to a series of statements from FED officials... It should be expected that there will be many variables. Unpredictable price movements and movements...
Therefore, Gold received good support again at the end of the session and kept its price well this morning. With current developments and news, the prediction will still be more inclined to increase. If there is a decrease, it will only be a short decrease because the Sell side is watching the Sell side, which is quite resistant despite the data and news not supporting Sell. Therefore, the Buy watch will be given priority with the target of 2020 - 2022 and 2025 - 2027 and beyond that will be 2030 - 2032. Then the Sell watch will phase back with a target of 2000- 1980.
In the European session, if you still keep trading above 2010 - 2012 or still move sideways in the 2015 - 2017 price range, the opportunity to Buy is still there. Only when the middle of the European session approaches the opening of the American session but GOLD does not exceed 2025 - 2027 or is still around 2020 - 2022 will we exit Buy, and watch to Sell earlier with a target price of 8 - 10.
During tonight's US session, the market also received a lot of US economic data such as Richmond State Consumer Confidence and Manufacturing, in addition to a series of statements from FED officials... It should be expected that there will be many variables. Unpredictable price movements and movements...
Comment:
SELL GOLD 2020-2022
Comment:
Match Sell GOLD 2030 order