วิเคราะห์ทองคำ 20-24 มิ.ย. 65
Welcome everyone back to another blog of our weekly Gold Analysis. Throughout most of last week, gold price was trending upward in smaller timeframes such as in the 4-hour and hourly charts but gold is still in a sideway market in the bigger picture. Gold price is still in an expanding triangle formation in the daily timeframe.
With new week coming up, let us study the price patterns of the previous weekly and daily candlesticks as we usually do. First off, the previous weekly candlestick is a bearish candlestick that has relatively the same amount of body and lower wick. Also, it has lower low price and higher high price than the weekly candlestick from two weeks ago. Normally we can anticipate a bearish market with a bearish candlestick from last week, however, as the price is still in an expanding triangle formation in the bigger picture, market direction is still undecided.
Secondly, the previous daily candlestick from last Friday is also a bearish one with little to no shadow (wick) indicating a high sell volume. With this, there is a possibility that the market will continue to trend downward in upcoming days.
นอกจากนี้ราคายังมาติดที่โซน QM ของ TF Day ทำให้เป็นอีก 1 เหตุผลที่ราคามีโอกาสจะลงต่อได้ค่ะ
Currently, the market is in the supply zone of the daily timeframe that the price then took a bear run with low price lower than the previous low. With this, there are two possible scenarios. One, the market can trend upward if it can break out above this supply zone and the important resistance level at 1870 USD. Second, the market can trend downward to around 1800 USD (New low) if the buy volume is not sufficient.
In conclusion, although gold market is trending downward in the hourly timeframe, it is still in a sideway market in a bigger picture.
Both long and short orders should be planned thoroughly and should only be executed in the demand/supply zones or supported by support/resistance levels with confirming signals like classic divergence, QM, or price actions.
Please trade at your own risks with a good money management strategy.
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