Gold Analysis October 19: Fed Chair Speaks
- Fundamental analysis:
Yesterday, gold prices rose by more than $40 from 1922 to 1963, and then fell by around 1950. The reason for supporting gold at this point is probably still the conflict between Israel and Palestine. The current war is extremely unilateral, with the United States claiming to be behind Israel, but Iran also saying it would intervene if Israel launches a ground attack. A ceasefire declaration will calm market sentiment and gold will lose support. A number of important economic indicators were announced today, especially Fed Chairman Jerome Powell's speech at 11 p.m. Some clues from the FOMC meeting in early November will also have a big impact on gold prices.
- Technical analysis:
Currently, the price is at an important resistance zone, 195x, and although the price is approaching the resistance with great momentum, the price is almost stopped from rising further (a spinning top candle is formed). Although not strong yet, it shows that sellers are starting to react. The uptrend is the main trend, and the priority is to continue buying!
Buy Gold 1946-1944 SL-1940, TP1-1962, TP2-1972
Good luck
- Fundamental analysis:
Yesterday, gold prices rose by more than $40 from 1922 to 1963, and then fell by around 1950. The reason for supporting gold at this point is probably still the conflict between Israel and Palestine. The current war is extremely unilateral, with the United States claiming to be behind Israel, but Iran also saying it would intervene if Israel launches a ground attack. A ceasefire declaration will calm market sentiment and gold will lose support. A number of important economic indicators were announced today, especially Fed Chairman Jerome Powell's speech at 11 p.m. Some clues from the FOMC meeting in early November will also have a big impact on gold prices.
- Technical analysis:
Currently, the price is at an important resistance zone, 195x, and although the price is approaching the resistance with great momentum, the price is almost stopped from rising further (a spinning top candle is formed). Although not strong yet, it shows that sellers are starting to react. The uptrend is the main trend, and the priority is to continue buying!
Buy Gold 1946-1944 SL-1940, TP1-1962, TP2-1972
Good luck
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.