Gold prices slipped slightly this week amid strong USD demand.
已更新
Gold prices (XAU/USD) faced pressure on Friday, erasing some of the previous gains due to USD buying amid a weaker dollar and expectations of less aggressive easing from the Fed. Positive sentiment in the stock market also reduced demand for gold.
However, political uncertainty in the U.S. ahead of the November 5 presidential election, ongoing geopolitical risks in the Middle East, and falling Treasury yields continued to support gold prices, leading to caution about whether XAU/USD has peaked.
Personal opinion:
The 2,640-2,645 range is becoming a strong barrier. If the price breaks above this level, the head and shoulders pattern will be invalidated, allowing gold to challenge the historical high around 2,658-2,659 that it reached earlier this week. If it continues to rise, XAU/USD could reach 2,770, which corresponds to the resistance level of the nearly four-month upward trend, before targeting the round number of 2,800.
Attention to price range:
However, political uncertainty in the U.S. ahead of the November 5 presidential election, ongoing geopolitical risks in the Middle East, and falling Treasury yields continued to support gold prices, leading to caution about whether XAU/USD has peaked.
Personal opinion:
The 2,640-2,645 range is becoming a strong barrier. If the price breaks above this level, the head and shoulders pattern will be invalidated, allowing gold to challenge the historical high around 2,658-2,659 that it reached earlier this week. If it continues to rise, XAU/USD could reach 2,770, which corresponds to the resistance level of the nearly four-month upward trend, before targeting the round number of 2,800.
Attention to price range:
Buy Zone: 2719 - 2717
SL: 2712
Sell Zone: 2748 - 2750
SL: 2755
Sell Zone: 2758 - 2760
SL: 2765
注释
The gold price is trending in the right direction, and the upward trend still has potential.交易开始
Sell Zone: 2748 - 2750
+100pips
Join our community group to receive support for short Scalping orders and the latest trading strategies!
✅ Trading knowledge
✅ Free trading signal support
Join the Tele group:
t.me/+oQT3fdp1rDkwNGRl
✅ Trading knowledge
✅ Free trading signal support
Join the Tele group:
t.me/+oQT3fdp1rDkwNGRl
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。