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ckb6ckb6 Updated  Nov 25, 2024

Gold risk aversion eased on Monday, and gold broke down directly. The bullish trend of gold was temporarily eased. After the decline of gold, the bulls did not have a strong counterattack. It is difficult for the bulls to make a big move for the time being. Gold rebounded and continued to be short. Gold broke down with the easing of risk aversion, and then the...

ckb6ckb6 Updated  Nov 21, 2024

Gold has been fluctuating at a high level during the day on Thursday. So far, it has reached the highest level of 2671. Now it is still fluctuating at the level of 2668. From the overall trend, gold bulls are still very strong, but the pressure from the upper 2680 level is also relatively strong. Therefore, we do not recommend going long at high levels, because...

ckb6ckb6 Updated  Nov 20, 2024

After hitting a two-month low, gold rebounded in the short term, mainly because US President Biden announced that Ukraine could use long-range missiles provided by the United States to carry out deep strikes into Russian territory. Russia said it would respond to this reckless decision, which would directly involve the United States in the conflict. This has...

ckb6ckb6 Updated  Nov 20, 2024

Gold daily level: Yesterday, it continued to squeeze out and pull up, closing with a small positive, standing above the 10-day moving average. After a sharp drop of 250 US dollars in the previous few weeks, there was an oversold rebound correction, and this correction was rapid, in one go, without a decent retracement in the middle. So in the process of the...

ckb6ckb6 Updated  Nov 20, 2024

Gold fundamentals, November 20 🔹On Wednesday (November 20) in early European trading, gold prices hit 2618 and then stabilized and rebounded. The recent decline in gold prices after a sharp rise is mainly due to some investors choosing to take profits. However, the geopolitical situation surrounding Russia and Ukraine remains a focus of attention, which provides...