Gold Prices Surge To US$2,781.10 As Bullish Momentum Continues
Gold Prices Surge To US$2,781.10 As Bullish Momentum Continues
Immediate support levels remain unchanged at US$2,700, with the next support level positioned at US$2,626, corresponding to the close on Oct 9. The first resistance level has been revised upwards to US$2,950, with the subsequent resistance at US$3,100.COMEX Gold prices continued their upward trajectory, closing at US$2,781.10 after a rise of US$25.20. The precious metal's performance surpassed the US$2,775 resistance level, aligning with earlier expectations from RHB Investment Bank Bhd (RHB Research).
纽约商品交易所黄金价格继续上涨，在上涨25.20美元后收于2781.10美元。该贵金属的表现超过了2775美元的阻力位，与卢旺达投资银行有限公司（RhB Research）早些时候的预期一致。
Opening at US$2,754.30, gold traded between a high of US$2,787.70 and a low of US$2,752 before the close. The bullish momentum is supported by an upward-trending Relative Strength Index (RSI) and the commodity remaining above both the 20-day and 50-day Simple Moving Averages (SMA), indicating a sustained bullish trajectory.
Following the recent breakout, RHB Research projects that gold could rally towards the next resistance levels of US$2,950 and US$3,100. Traders are advised to maintain long positions initiated at the close on Oct 17, at a price of US$2,707.50, while managing downside risks with a stop-loss set at US$2,626.
继最近的突破之后，RhB Research预计黄金可能会反弹至下一个阻力位2950美元和3,100美元。建议交易者维持10月17日收盘时开始的多头头寸，价格为2,707.50美元，同时管理下行风险，止损设定为2626美元。
Immediate support levels remain unchanged at US$2,700, with the next support level positioned at US$2,626, corresponding to the close on Oct 9. The first resistance level has been revised upwards to US$2,950, with the subsequent resistance at US$3,100.
即时支撑位保持不变，为2700美元，下一个支撑位为2626美元，相当于10月9日的收盘价。第一个阻力位已向上修正至2950美元，随后的阻力位为3,100美元。
