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South Korea Manufacturing Sector Climbs Into Expansion Territory - S&P Global

2024-12-03 1966

(fxcue news) - The manufacturing sector in South Korea moved to expansion in November, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 50.6. That's up from 48.3 in October, and it moves above the boom-or-bust line of 50 that separates expansion from contraction. The main driver behind the positive headline figure was a return to growth of new orders in November. New business increased for the first time since August. Where an increase in sales was reported, manufacturers noted orders for newly launched products, as well as other new contract wins. Firms were also positive regarding foreign demand for manufactured goods, where the renewed increase was the strongest since July. According to anecdotal evidence, international sales were notably positive across the Asia-Pacific region.

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South Korea Manufacturing Sector Climbs Into Expansion Territory - S&P Global

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Trader

Buy spot gold at 2643, take profit at 2652.

Today, all USDJPY, EURUSD, and GBPUSD trades were cut off...

If the gold market rises today, sell at 2652 and stop at 2657. The lower targets are 2634 and 2625, and leave. Buy at 2623-2621.

Operation suggestion: Short sell near gold 2650-52, loss 2658, look at 2640, 2635; Near 2635 in the data, you can also buy short and buy long!

Short selling (buy down) in batches around 2650-2652 for gold rebound, with a 2/10 position and a stop loss of 6 points. The target is around 2635-2630, with a break at the 2625 level;

Crude oil prices have risen and broken through, and bulls are expected to continue. In today's operations, it is recommended to consider a pullback layout and buy first, with high selling as a supplement. Focus on resistance at $71.4-72.4 above and support at $69.5-68.5 below.

We are considering a high sell low buy strategy for spot gold operations today, with a focus on resistance at $2655-2666 above and support at $2633-2620 below.

Gold is expected to rebound to around or above 2650 and sell short, with a loss of 2655. Short term view is 2630-25, with a target of around or below 2600; Short selling near 2670 with a loss of 2677, the target remains the same.

Gold operation strategy: Short sell gold at the 2648-53 line, stop loss at 2658, target at the 2612-2618 line, break below the 2606-2600 line;

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South Korea Manufacturing Sector Climbs Into Expansion Territory - S&P Global

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South Korea Manufacturing Sector Climbs Into Expansion Territory - S&P Global

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Please sign in

Trader

Buy spot gold at 2643, take profit at 2652.

Today, all USDJPY, EURUSD, and GBPUSD trades were cut off...

If the gold market rises today, sell at 2652 and stop at 2657. The lower targets are 2634 and 2625, and leave. Buy at 2623-2621.

Operation suggestion: Short sell near gold 2650-52, loss 2658, look at 2640, 2635; Near 2635 in the data, you can also buy short and buy long!

Short selling (buy down) in batches around 2650-2652 for gold rebound, with a 2/10 position and a stop loss of 6 points. The target is around 2635-2630, with a break at the 2625 level;

Crude oil prices have risen and broken through, and bulls are expected to continue. In today's operations, it is recommended to consider a pullback layout and buy first, with high selling as a supplement. Focus on resistance at $71.4-72.4 above and support at $69.5-68.5 below.

We are considering a high sell low buy strategy for spot gold operations today, with a focus on resistance at $2655-2666 above and support at $2633-2620 below.

Gold is expected to rebound to around or above 2650 and sell short, with a loss of 2655. Short term view is 2630-25, with a target of around or below 2600; Short selling near 2670 with a loss of 2677, the target remains the same.

Gold operation strategy: Short sell gold at the 2648-53 line, stop loss at 2658, target at the 2612-2618 line, break below the 2606-2600 line;

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