Under pressure from a stronger dollar and as the market digested the potential impact of Donald Trump's election victory on US interest rate expectations, gold prices fell on last week Friday (November 8), Posting their biggest weekly decline in more than five months.
Analysts said: "If the market returns to the possibility of a Fed rate cut before Christmas... This should help keep spot gold above the psychological $2,700 mark."
Spot gold fell 0.72% to $2,686.92 an ounce, down 1.8% for the week.
Operation suggestion: The gold weekly line reached the highest position of 2750.3 after the market fell strongly on last week Wednesday, the weekly line to the lowest position of 2642.2 after the market pulled up, the weekly line finally closed in the 2684.3 position after the market with a long negative line closed, and such a form after the end.
Trading strategy: short near 2702, stop 2708, target 2690-2652.
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