vanimator
看空

Gold’s weekly outlook: Oct 23-27

TVC:GOLD   黃金差價合約(美元/盎司)
Gold             fell back below $1300 and headed south towards the support area of $1279-$1281 as the sharp breakout above $1300 was a false one which attracted more short positions than long also supported by upmove in the dollar index             which looks to have bottomed out. This poses caution to gold             prices as a slight uptick in dollar index             creates much impact on the yellow metal on the downside. Gold             is currently directionless with prices expected to move sideways unless a course is chosen.

On the chart –

Gold             erased all the gains of the previous week ending from where it had started. This U-turn from $1300 was account of a stronger dollar index             and now less impacting Korean peninsula news flow. Gold             is split between bulls and bears but has a slightly negative approach when it comes to prices. We have 2 scenarios –

1. Gold             took support at $1279-$1281 area, and if this is held gold             can move higher which is uncertain since there is nothing fundamental to support the rise in prices. If the support is held, gold             can rise to $1291. If this is crossed it can head higher to the very crucial area of $1297 which is a decider for further price action. And if this is taken out, prices can head north to $1317.

2. Gold             lost the $1300 mark with ease which certainly sounds bearish . If the current trend prevails gold             can fall to $1271 where gold             may find some support. If this support is broken it can head back lower to $1261 where it had bottomed out. There is a chance gold             might see further slide if $1261 is breached.

Bullish view – Only thing giving support to bulls is the price took support at $1279-$1281 area and rebounded from lows. Bullishness was erased by incremental fall in prices on daily basis. The way out for bulls is they need to hold this support to keep the green in gold             prices. Gold             will remain sideways unless a path is chosen.

Bearish view – Bears returned to the party with a flair as they kept eroding the prices from $1300 to the lows of $1280. Such price action definitely suggests confusion where one week is up and other down. Bears successfully broke through multiple supports signaling lack of buying and a change in trend. With such movement, prices may fall further to retest the bottom it created 2 weeks before.

On larger terms, Gold             remains sideways with a negative bias. Prices are expected to be range bound unless a direction is decided.

Possible trades are on both sides, Gold             can be bought above $1284 for the targets of $1291 and $1297 with a stop loss placed below $1271. Longer term target $1317.
Gold             can be sold under $1279 for the targets of $1271 and $1261 with a stop loss placed above $1291.
評論: Trade Active
評論: First short target met at $1271
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出