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Return To ShopToday Gold Analysis on 2 May 2022
Hello everyone. Today is Monday and the first day of the gold market opening in May, so let's see what we have got for you.
เมื่อเริ่มเดือนใหม่ สัปดาห์ใหม่ สิ่งที่อยากให้ทุกคนสังเกตคือการปิดแท่งของแท่งเทียนใน Month และ Week ว่าแท่งที่แล้วปิดอย่างไร จากภาพแท่งเทียนที่แล้วของMonth และ Week ราคาปิดเป็นสีแดง ทำให้มีแนวโน้มว่าในเดือนใหม่และสัปดาห์ใหม่ราคามีโอกาสปรับตัวลงต่อ
(The candle of the last month)
Last week’s weekly candlestick
Similarly, the candle was closed as a bearish reversal bar on the daily timeframe which makes the market to be continued bearish for today. ทำให้วันนี้ราคามีโอกาสปรับตัวลงต่อค่ะ และอีกจุดสังเกตนึงก็คือ ราคาถูกส่งมาจาก Supply Zone ของ timeframe ใหญ่คือ H4
Previous daily candlestick from last Friday
From the information above, it is very risky to place a buy order. Therefore, we would suggest you to reduce the percent risks you are using. However, if there was any price action of a reversal pattern at the supports around 1860 and 1850, you could consider buying gold.
On the other hand, it is risky to make a sell order here as well because the price is still in the demand zone of a bigger timeframe. However, there are major resistance at 1930 and 1940 where you can consider selling gold.
In summary, we have to be careful on trading buy for today. Confirming signal is required along with a strong demand zone because the price is likely to continue falling downwards.
Disclamer:
This article is a technical analysis only not a financial advice.
Please trade at your own risks with a good money management strategy.
Please trade at your own risks with a good money management strategy.
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