Gold analysis next week

Dear friends, good weekend

Gold continued to fall last week, gold fell again on Friday, and the weekly chart closed negative, indicating that the short-term bears have not yet been released, and the market still has room to dip. However, the current 1909 area is 61.8% of the golden section of 1804-2080, which is also a more sensitive position, and will be vigilant at any time next week to recover quickly after bottoming.

From the current gold market, Friday was blocked in 1937, where downtrend line pressure was formed, and the 1900~1910 area below is still the key support.

Therefore, next week, gold first pay attention to the 1900~1940 range oscillation, the first half of the week tends to run short, the second half of the week with the end of the monthly line, be wary of short profit taking to trigger a long retaliatory rebound.


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Dagangan aktif

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Gold moves the same as I analyzed