Gold week 48 (27/11-01/12/2023) H4 chart
Gold week 48 (November 27 - December 1, 2023)
Week 47, as expected, because there was no remarkable news, gold continued to gradually increase thanks to the weakening of the USD with the expectation that the FED is about to end the series of interest rate hikes and may start the beginning of the interest rate cut in 2024 as the FOMC meeting minutes announced last week. In addition, although the war between Israel and Hamas temporarily ceased fire, there is still concern that the war may continue to escalate, which will be a driving force for gold prices going up.
Week 48 will not have much remarkable news, so it is likely that gold will continue to increase gradually, the destination may be the 2020 area and beyond that is the 2050 area.
Main trend: increase, prioritize buying
1. Plan buy:
+plan 1: Buy 1991-1993 SL 1987
+plan 2: Buy 1971-1974 SL 1969
TP 100-150-200-250 pip
2. Plan sell:
+plan1: Sell 2048-2050 SL 2053
+plan2: Sell 2020-2022 SL 2025
TP 100-150-200 pip
Good luck!
Week 47, as expected, because there was no remarkable news, gold continued to gradually increase thanks to the weakening of the USD with the expectation that the FED is about to end the series of interest rate hikes and may start the beginning of the interest rate cut in 2024 as the FOMC meeting minutes announced last week. In addition, although the war between Israel and Hamas temporarily ceased fire, there is still concern that the war may continue to escalate, which will be a driving force for gold prices going up.
Week 48 will not have much remarkable news, so it is likely that gold will continue to increase gradually, the destination may be the 2020 area and beyond that is the 2050 area.
Main trend: increase, prioritize buying
1. Plan buy:
+plan 1: Buy 1991-1993 SL 1987
+plan 2: Buy 1971-1974 SL 1969
TP 100-150-200-250 pip
2. Plan sell:
+plan1: Sell 2048-2050 SL 2053
+plan2: Sell 2020-2022 SL 2025
TP 100-150-200 pip
Good luck!
Note
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