11.15 Gold 50 stopped falling and turned to shock
Updated
On November 14, the gold market bottomed out and pulled up. It opened at 2572.8 in the morning and then pulled up to 2581.7. Then the market continued to fall back. The daily line reached 2536.5 as the lowest point. Then the market rebounded strongly and pulled up. The daily line finally closed at 2564.7. Then the market closed in a hammer pattern with a very long lower shadow. After this pattern ended, the daily line initially bottomed out. The market has technical needs to rebound today. In terms of points, today's 2552 long conservative 2550 long stop loss 2546, if it falls below 2550 long stop loss 2535, the target is 2565, 2572 and 2582, if it breaks, it is 2593 and 2602-2610.
Trade active
SELL: 2570
Target: 2550
BUY: 2550
Target 1: 2565
Target 2: 2575
Target 3: 2585
Trade closed: target reached
618 on the upper side is at 2584. Even if it opened yesterday, it was at 2584, but this is a continued decline, not a double top, so the resistance is still at 618. Now, 20 US dollars is far away.
As for the lower side, the US market rose and went sideways in the early morning. The current position is looking for support. Even if it breaks through and falls back, it is at 2550.
And 618 is at 2552-3.
Note
69 to 62, take profit first, profit 7k
Note
The last two orders of this week have been closed, with a profit of 7K. The total profit today is 14K. This week's target has been exceeded. Thanks to the efforts of the team brothers for such a generous return.
Senior gold analyst who has been engaged in gold, US dollar, and oil trading for 12 years. Join me and I will lead my team to help you become a professional trader and expand your assets.
t.me/divedgold123
t.me/divedgold123
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