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Original title: Beware of gold futures falling nearly $ 25. Institution: Gold esilverThe latest technological perspective analysis
Financial News FX168 (Hong Kong) Friday News (Nov 20) Asian markets, gold futures have risen slightly and are now reported at around $ 1865 an ounce. The Kshitij Consultancy Service (Kshitij Consultancy Service) wrote a new article on Friday to conduct a forward-looking analysis of the outlook for gold and silver futures.
In terms of gold, Kshitij’s advisory team said gold futures had previously tested $ 1,859 per ounce and then bounced off this level.Gold priceThere may be room to further test the US $ 1840 / ounce support, so the gold price should rebound again and rise to US $ 1890-1900 / ounce. As long as it stays above $ 1840-1860 per ounce, gold futures are still expected to show a dynamic trend of range fluctuations.
(Source of Daily Gold Futures Chart: FX168)
In terms of silver, Kshitij’s advisory service team said silver futures are slightly above the short-term support of $ 24 per ounce. If the above support is held, the price of silver is expected to fluctuate again in the range of US $ 24-26 / ounce in the short term; once it falls below $ 24 US / ounce, this could quickly drop silver futures to $ 22-21 US / ounce. At the moment, we are paying attention to the trend in the price of silver near $ 24 / oz.
(Source of Daily Silver Futures Chart: FX168)
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