Plan Gold 11/12
Gold had a deep decline on Friday after the release of Nonfarm data exceeded expectations, DXY recovered. Gold decreased more than 1.55% from the highest price recorded in 2035 to 1995 by 40$. The political situation still has fluctuations but no longer affects gold prices too much. With interest rates not expected to increase in the last month of 2023, and inflation at a low level, the market is still hoping for an increase in Gold.
During the week, if gold breaks out of the 1992 zone, gold's decline could continue, returning to 1965 and beyond to 1933. On the contrary, if this support zone is held, the gold pool will recover at the 2020 and 2052 price levels.
Tomorrow there will be CPI news, one of the important news that directly affects the price of gold and causes fluctuations for related pairs.
During the gold sell watch day in 2007-2010 TP expects 1992 -1995 can test a buy order at 19992 short sl 1989 if this zone continues to break sell TP below 1980
During the week, if gold breaks out of the 1992 zone, gold's decline could continue, returning to 1965 and beyond to 1933. On the contrary, if this support zone is held, the gold pool will recover at the 2020 and 2052 price levels.
Tomorrow there will be CPI news, one of the important news that directly affects the price of gold and causes fluctuations for related pairs.
During the gold sell watch day in 2007-2010 TP expects 1992 -1995 can test a buy order at 19992 short sl 1989 if this zone continues to break sell TP below 1980
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.