Gold Continues Bullish Trend, Eyes US$2,700 Mark
Gold Continues Bullish Trend, Eyes US$2,700 Mark
RHB Investment Bank Bhd (RHB Research) has maintained a positive outlook on COMEX Gold, with the commodity's bullish momentum continuing on Wednesday, rising by US$21 to close at US$2,675.60. The rise signals the possibility of gold crossing above the 50-day Simple Moving Average (SMA) line.
RHb投资银行有限公司(RHb研究)对comex黄金保持积极态势,商品看好势头继续,周三上涨21美元,收于2675.60美元。上涨暗示着黄金有可能突破50天简单移动平均线(SMA)。
Gold opened the day at US$2,659.20 and reached an intraday high of US$2,682.80, before dipping to US$2,645.50. The price ended the day at US$2,675.60, marking the formation of its third consecutive bullish candlestick. This pattern indicates a strong bullish momentum in play, with the Relative Strength Index (RSI) entering positive territory, further suggesting potential for continued upside movement.
黄金以2,659.20美元开盘,上涨至2,682.80美元的日内高点,然后跌至2,645.50美元。价格收盘于2,675.60美元,形成了第三根连续看好的k线。这种模式表明市场存在强劲的看好势头,相对强弱指标(RSI)进入正面区域,进一步表明可能会持续向上运动的潜力。
RHB Research noted that a successful move above the 50-day SMA line could boost market sentiment, paving the way for further gains towards US$2,700. As the bullish trend persists, the firm advises traders to maintain long positions initiated on 19 November at US$2,631, with a stop-loss point set at US$2,550 to manage trading risks.
RHb研究指出,成功突破50日简单移动平均线可能提振市场情绪,为进一步涨至2,700美元铺平道路。随着看好趋势持续,该公司建议交易员继续持有19日以2,631美元启动的多头头寸,设置止损点为2,550美元,以管理交易风险。
Support levels are seen at US$2,550 and US$2,500, while resistance is expected at US$2,700, followed by US$2,800.
支撑位分别位于2,550美元和2,500美元,而阻力位预计在2,700美元,其后可能是2,800美元。