GOLD: Can the Market Continue to Surge Higher?
Hello everyone! Today i want to share some macro analysis with you!
1.
The current trend is expected to $XAU/USD(XAUUSD.FOREX)$ will maintain a wide range of shock market, as long as it does not fall below the previous 2450 pre-historic high, gold momentum is still very strong! The U.S. market can continue to keep buy orders trading mainly! Focus on 2465-67 support!
2.
$Gold - main 2408(GCmain)$ TRADING ALERT: Gold retreats after new all-time highs, can the market continue to surge higher?
Thursday (July 18) Asian morning trading, spot gold narrow oscillation, currently trading in the vicinity of 2468 U.S. dollars / ounce. Gold prices surged higher and lower on Wednesday, and once in the early hours of the day, it refreshed its all-time high to near $2483.56 per ounce, however, the end of the day to give back the gains, closing near $2458.51 per ounce. Fundamental point of view, there is no obvious negative news, gold prices fall back is more likely to be because of the long profit-taking. Technical: Gold prices are facing obvious bearish pressure to test the key support at $2450.00/oz. There is a need to be wary of trading in the aftermarket, should gold prices continue their downtrend and fall below $2450.00/oz, this would stop the bullish trend that has been predicted in the recent past and push gold prices into more downtrends.
Gold hit a new record high after stepping back to confirm support which is a very normal thing, do not be alarmed, so that messed up the mind, the trend is still up, we continue to sell orders to the end of the dry, gold did not fall below 2450 is still a big bull market, gold will also hit a new record high, we will see.
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- Ah Huat Kopi·07-18NiceLikeReport