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Black Friday And Risk Analysis of Gold Market




Gold Market

Today on Friday (November 29), gold continued to open in a narrow range. Although the jump gap has not been filled, it is only a matter of time. The resistance above this week’s volatility range can still be seen first.

The latest progress in geopolitics has not been a good boost for gold, which is still under tremendous pressure. But if most of the US stock market is performing up after Thanksgiving as history says, then gold may always be under pressure to fall. Therefore, this week’s low support needs to continue to pay attention to. The data worthy of attention in the day are still not available, but during the US market hours, the US stock market will open for half a day and then be closed. Coupled with the risks of Black Friday, the market still needs to be vigilant at night.

The top of the day’s gold price is temporarily focused on the resistance of US $ 1460, further attention on US $ 1465 / ounce, the lower support level on the initial support of US $ 1454, and new attention on US $ 1450 / ounce.

At the 4-hour level, today’s gold price is in a downward trend from last week’s high, but the trend is in the sideways fluctuations at the bottom. On the indicator, the MACD red energy column keeps expanding, indicating a rising signal, while the RSSI and KDJ indicators also appear. The bullish signal implies that the market is biased towards the continuation of the rebound. However, the Bollinger Band middle rail also has a certain amount of pressure. The upper 30-period line of 1459 is also under pressure, further 1461-1462 resistance on the top track.

In operation, gold is bullish with support, bearish with resistance, and acts in the short-term.’s gold market center shows that at 11:12 Beijing time, the spot price of gold today was reported at $ 1,458.30 per ounce.

Kind reminder: The market is changing rapidly, and investment needs to be cautious. The operation strategy is for reference only.

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