Here we can see clearly the next move for GOLD today, we're expecting a small up trend (correction) move, before our big down trend (impulse) move,
we've got our EP (blue line) & our 2 TP (golden lines).
Keep a close eye on XAUUSD today,
Happy pip hunting traders.
What happened the last week?
Gold is on a hot streak! Last week, the yellow metal saw some relief as it went up against the U.S. dollar and other currencies worldwide. As a result, the gold has ended its three-week decline.
But will this temporary victory be more than just an illusion? With uncertainty surrounding global energy production brewing into what...
Gold against Dollar pair's october bullish run expected to continue on the first week of November too, even though it breaks the support of 1787 last week, and it went down upto 1772 area and it made some recovery by painting a wick at last hours..
I expect it can be fake breakout and it may continue upwards towards 1818 price zone,
Analysis only for education...
My Idea on Gold this week is to look for buying opportunities, also seeing a M pattern forming but we would have to see how this couple of candles closes, Ill keep on a look out if it reaches the 1550.00 zone if it breaks structure will have another whole picture
