Gold Weekly Trading Strategy

FROM 21.10.2024 to 25.10.2024


Trend: BULLISH


Gold is currently having a strong bullish movement but seeks for a minor pullback till 2705-02 level once it retests the level of 2726-34-40 levels.


Be cautious as now the resistance has no zones but support does on timeframe of 1h and 15 mins respectively.


The rise in Geo political tensions and China investing more in Safe heaven hs Made this impact on GOLD.


GOLD MIGHT ATTRACT BUYERS IN EARLY PHASE BUT WILL BE DOWN ANYTIME SOONER AFTER TRAPPING RETAILERS.


Insights:

Strategy : SELL ON RISE , FINAL TP 2710.

Recent News

Gold Slips as Markets Eye Inflation Data...

November 11, 2024

Live Charts

Gold testing 100EMA on Daily, Time for r...

December 20, 2024

Market Insights

Gold clears major resistance levels of 2...

November 19, 2024

Market Insights

GBPUSD can fill the Daily support gap

November 27, 2024

Market Insights

GER40/DAX Analysis

October 11, 2024

Market Insights

Kartik Sharma

ICT Analyst

Maddy

Cross-Asset Analyst & Trainer

Sandy Matthews

Trading Expert

Sam Thomas

Global Market Analyst

Bot Window | Bot Window