Lingrid | GOLD Weekly MARKET Outlook

10月27日

XAUUSD spent half of the week trading sideways between the 2710 and 2750 levels, remaining within Wednesday's range. This sideways movement created liquidity above and below these levels, and if the market tests these zones, we can anticipate some volatility.

On the weekly timeframe, the market formed a small candle, indicating a pause in the bullish momentum. Ideally, I would like to see a false breakout below the previous week's low, followed by a continuation of the bullish trend. Conversely, breaking above this week's candlestick would be very bullish.


On the daily chart, we've seen the formation of a bullish flag, which suggests a potential upward movement towards 2800. I believe that gold could eventually reach 3000 by the end of the year, although the path there is unlikely to be straightforward. Next week, we have a significant amount of high-impact news, which will likely to inject some volatility into the markets, so we should exercise caution. Overall, I see any pullback as an opportunity to go long.


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

10月28日

交易开始

The market is currently moving sideways and has formed a triangle pattern on the 1H timeframe. This morning, the market opened with a gap down but quickly filled that gap. It appears likely that the price will continue consolidating today, since there are no high-impact news today. I think that the psychological level at 2700 remains an optimal entry point due to the liquidity present in that area. I expect the market to target liquidity below the previous week’s low before making a move upward. This could create a potential buying opportunity if the price reacts positively in the demand zone. My mid term target is resistance zone around 2780.

10月29日

交易开始

The market is currently testing the previous weekly high. On the 1H timeframe, it is making higher lows showing bullish pressure. Recently, it broke above and closed above the triangle pattern, which signals a potential trend continuation. Additionally, it has moved higher both the downward trendline and the 2750 level. However, with high-impact news today, we should stay caution, as it could push the price lower back into the triangle pattern to continue consolidating. If the market pulls back to support level we can look for a buy signal such as long tailed bar. My goal is resistance zone around 2769

10月30日

交易结束：到达目标

Full target reached 🤝