Gold prices fell back during the US session on November 5th.

4 พ.ย.

From the 4-hour chart, the current short-term resistance levels to watch are 3965-70 and 4020-55. Short-term support is at 3918-20, with a key support level at the previous low of 3888-90. The strategy is to sell on rallies.

Gold Trading Strategy:

1. Sell gold at 3980-70, add to the short position at 4020-25, stop loss at 4039, target 3940-3930.

4 พ.ย.

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Gold has successfully touched the support zone of 40-30 again, but caution is advised against another surge.