During today's session we can observe solid declines in the gold market, which has to do with the strengthening of the US dollar - supported by strong claims and yesterday Fed minutes. GOLD quotations broke below the key support zone of $ 1905-1900 yesterday, and today failed to return above, which resulted in a deepening of the discount. According to the assumptions of classical technical analysis, as long as the cus is below the mentioned zone, further sell-offs are possible. The nearest important support falls only at $1856.
GOLD interval D1. Source: xStation5
Looking at the H1 interval, we observe a strong downtrend. Today the price tried to go above the $1900 level, but the attempt failed, followed by the establishment of a new minimum. As long as the price does not return above the average, the downtrend is in force.
GOLD interval H1. Source: xStation5
ข่าวเด่นวันนี้ 2 ต.ค.
สหรัฐฯ กำลังเผชิญปัญหาดีเซล ขณะที่ยุโรปถูกขอให้เปิดใช้คลังสำรอง
📉 NATGAS ร่วง 1.2% แล้วฤดูหนาวจะเป็นอย่างไร?
Morning Wrap: หุ้นเทคเอเชียพุ่งตามผลประกอบการ Micron ขณะที่เยนอ่อนค่า แม้ BoJ ส่งสัญญาณ Hawkish