The geopolitical situation is hotter in many places

12시간 전

In early trading on Asian markets on Thursday (November 21), XAUUSD Spot delivery suddenly increased rapidly in the short term and gold prices are currently approaching the 2,660 USD/ounce mark, threatening the trend from the price channel.

Growing concerns about the Russia-Ukraine conflict, along with growing uncertainty in global markets, have supported gold's strong recovery this week.
On Wednesday, as tensions between Russia and Ukraine escalated, leading to increased geopolitical unrest, investors sought the safety of gold, seen as a hedge against the risks of conflict instability.

In response to Ukraine's first long-range missile attack on Russian territory, Russian President Vladimir Putin revised the nuclear weapons guidelines to lower the threshold for nuclear retaliation in response to an attack. series of conventional attacks, leading to increased geopolitical tensions.

In addition to the situation between Russia and Ukraine, the tense situation in the Middle East is also a factor supporting gold prices.
According to the official website of the United Nations and CNN, on November 20 local time, the United Nations Security Council voted on a ceasefire resolution in Gaza proposed by 10 non-permanent members.
The resolution was not passed due to the United States' veto. The remaining 14 countries in the Security Council voted in favor.

The resolution "demands that all parties immediately, unconditionally and permanently cease fire and reiterates their demand for the immediate and unconditional release of all detainees."
In addition, the resolution further emphasizes the role of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) as the backbone of humanitarian relief operations in Gaza.
Additional information, on November 20 local time, the Israeli army attacked a house in the Sheikh Radwan neighborhood, north of Gaza City, killing 66 people and injuring dozens of others.

Analysis of technical prospects for XAUUSD
Gold is currently operating in a very important position for an uptrend from the price channel with price activity attempting to move above the upper edge of the price channel.
On the other hand, the Relative Strength Index is also sitting right in the middle of the 50 level, if it breaks above this level it will be a bullish signal.

Looking ahead, technically gold is still below resistance levels, from the price channel to EMA21 and the Relative Strength Index. So, it is not yet eligible for a bullish cycle. As long as gold remains below EMA21, it is not yet technically in a bullish position.

During the day, with the current operating position, gold is still in an upward trend and notable points will be listed as follows.
Support: 2,640USD
Resistance: 2,668 – 2,684USD

SELL XAUUSD PRICE 2676 - 2674⚡️
↠↠ Stoploss 2680

→Take Profit 1 2669
↨
→Take Profit 2 2664

BUY XAUUSD PRICE 2599 - 2601⚡️
↠↠ Stoploss 2595

→Take Profit 1 2606
↨
→Take Profit 2 2611

5시간 전

노트

UPDATE PLAN SELL

SELL XAUUSD PRICE 2691 - 2689⚡️
↠↠ Stoploss 2695

→Take Profit 1 2684
↨
→Take Profit 2 2679