Highlight fundamentals
• Gold shortens at $19.19!! Accept the war without escalation!! But Bondyil abbreviated Please help support me!!
• The Ministry of Public Health is as safe as gold. Starting to have more sales pressure after the Israel-Hamas war. The market has collapsed. and the violence is quite limited. After Israel said it was not needed Occupying Gaza for a long time and Qatar being the mediator for negotiations. Hamas releases more hostages Such factors So he pressed gold at Low $1,947.
• However, gold has buying power to support it again, accepting Bond Yields that are in the correction period. After last night’s auction of 10-year US bonds, it still reflected a high level of demand, in line with expectations, from a Bid/Cover ratio of 2.5 times.
Advice
• If the price tests the resistance at 1,966-1,971 dollars per ounce. Still can’t stand There may be increased sales pressure. Prices may continue to decline in the short term.
• Recommend opening a short-term speculative sell position. If the price rebound does not pass the said resistance level.
• Sell position to cut losses. If the price passes the resistance zone of 1,990 dollars per ounce.
• And gradually close the selling position to make a profit. If the price weakens, testing the support area of 1,947-1,935 dollars per ounce.
This article was produced by YLG Bullion International.
For more information, contact 02-687-9888 press 1 or website ylgbullion.co.th
2023-11-09 03:48:00
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