Gold Analysis Thursday 24 November
Today gold opened at $1754. Support is at $1740 and Resistance is at $1770. Gold prediction yesterday was perfect. As we told you gold can go up we didn't say gold up or down ... We clearly mentioned gold can go bullish according to my analysis. And you see we gain 200 pips after this prediction.
Gold volume is low because US holiday & open interest is increased so again we can see bullish move because open interest is increasing in rising market.
Fundamental events according to Pakistan time.
05:30 PM, Europe Monetary Policy
In US there is a bank holiday therefore volume will be low.
Today gold opened at $1754. Support is at $1740 and Resistance is at $1770. Gold prediction yesterday was perfect. As we told you gold can go up we didn't say gold up or down ... We clearly mentioned gold can go bullish according to my analysis. And you see we gain 200 pips after this prediction.
Gold volume is low because US holiday & open interest is increased so again we can see bullish move because open interest is increasing in rising market.
Fundamental events according to Pakistan time.
05:30 PM, Europe Monetary Policy
In US there is a bank holiday therefore volume will be low.