11.4 Where will the gold trend go?

Nov 4

Last week, the gold market rose and fell. At the beginning of the week, the market opened at 2736.8, then fell back to give a weekly low of 2724.5, and then the market rose rapidly. On Thursday, the market gave a new historical high of 2790.2 for the second time, and then the market fell strongly. The weekly line finally closed at 2735, and the weekly line closed with a shooting star pattern with a very long upper shadow line. After such a pattern ended, the market had a signal of a decline this week. In terms of points, the long stop loss of 1996 and 2028 below is followed at 2600. Today, the short stop loss of 2752 is 2757. The lower target is 2730 and 2724. If it falls below, the support points of 2716 and 2705 are seen.

BUY: 2720 Target: 2740------50

SELL: 2755 Target: 2730------20

Nov 4

Note

There is not much data for reference on the day-to-day data side, and the technical side looks like it needs to be corrected after the pull-up.

Nov 4

Note