11.18 Gold breaks through the negative line, bulls profit
Updated
The gold market fell strongly last week. The market opened at 2684.7 at the beginning of the week, and then rose slightly to 2687.1, and then fell strongly. Under the pressure of negative fundamental factors and the resonance of technical profit-taking, it fell below multiple supports. The weekly line reached a low of 2535.7, and then the market was oversold and consolidated. The weekly line finally closed at 2561.5, and then the market closed with a long shadow line. After such a pattern, the market still has a need to fall back this week, but the short-term market pattern has already signaled an oversold point. If it falls back to a low point at the beginning of the week, you still need to prepare long orders. In terms of points, today's 2561 long stop loss is 2556, and the target is 2578 pressure. If it breaks, look at 2585, 2592 and 2600 pressure.
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