DAILY GOLD REVIEW: DOWN TREND CONTINUES
💯GOLD PLAN DAILY 11/13
👉 Last week, world gold prices decreased by 2.8%, marking the strongest weekly decrease in 6 weeks.
Downward pressure on international gold prices increased as US Federal Reserve (Fed) officials maintained a tough stance on monetary policy. The Fed's tightening tendency makes investors hesitant to invest capital in gold at this time
Meanwhile, support for gold prices from the need to hedge risks due to the Israel-Hamas war is almost insignificant at this time, as the war appears to be limited to the Gaza Strip instead of spreading. out to the Middle East.
👉 TECHNICAL COMMENTARY: Priority should be given to Sell orders following the trend
📌Trading plan:
🔽 Selling Gold Entry: 1945 -1947
SL 1950
City 1940 - 1935 -1923
🔼 Buy Gold Entry: 1923- 1921
September 1918
City 1928 - 1934
👉 Last week, world gold prices decreased by 2.8%, marking the strongest weekly decrease in 6 weeks.
Downward pressure on international gold prices increased as US Federal Reserve (Fed) officials maintained a tough stance on monetary policy. The Fed's tightening tendency makes investors hesitant to invest capital in gold at this time
Meanwhile, support for gold prices from the need to hedge risks due to the Israel-Hamas war is almost insignificant at this time, as the war appears to be limited to the Gaza Strip instead of spreading. out to the Middle East.
👉 TECHNICAL COMMENTARY: Priority should be given to Sell orders following the trend
📌Trading plan:
🔽 Selling Gold Entry: 1945 -1947
SL 1950
City 1940 - 1935 -1923
🔼 Buy Gold Entry: 1923- 1921
September 1918
City 1928 - 1934
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.