👉 World gold price on November 28, as of early morning (Vietnam time), is trading around 2,014 USD/ounce - an increase of 11 USD/ounce compared to trading at the same time yesterday morning.
👉 The weakening of the USD and expectations of an end to US interest rate hikes have fueled strong demand for gold, with strong purchasing power from Chinese and Indian consumers and central banks also providing a driving force. push up gold prices.
Investors are now awaiting revised US third-quarter GDP figures due out on Wednesday and the core consumer price index, the Federal Reserve's preferred inflation measure. ), this Thursday will decide whether gold stays above $2,000/ounce.
👉 TECHNICAL COMMENTARY: Gold prices have been pushed much higher than the 50, 100 and 200 day moving averages and are very close to the all-time high reached in August 2020. The next resistance level to pay attention to is 2049- 2070
📌Trading plan:
🔼 Buy Gold Entry: 2007x – 2005 x
Sl 2002
TP 2012- 2017 -2022
🔼 Buy Gold Entry: 1993x – 1991x
Sl 1987
TP 2005 – 2015 -2022
👉 The weakening of the USD and expectations of an end to US interest rate hikes have fueled strong demand for gold, with strong purchasing power from Chinese and Indian consumers and central banks also providing a driving force. push up gold prices.
Investors are now awaiting revised US third-quarter GDP figures due out on Wednesday and the core consumer price index, the Federal Reserve's preferred inflation measure. ), this Thursday will decide whether gold stays above $2,000/ounce.
👉 TECHNICAL COMMENTARY: Gold prices have been pushed much higher than the 50, 100 and 200 day moving averages and are very close to the all-time high reached in August 2020. The next resistance level to pay attention to is 2049- 2070
📌Trading plan:
🔼 Buy Gold Entry: 2007x – 2005 x
Sl 2002
TP 2012- 2017 -2022
🔼 Buy Gold Entry: 1993x – 1991x
Sl 1987
TP 2005 – 2015 -2022