XAUUSD 27/10/24

27 thg 10, 2024

Continuing from last week's analysis on gold, we are again anticipating higher prices as we enter this trading week. We don’t expect the trend to change unless there's a clear reason, such as breaking below key lows and staying bearish for an extended period, which could signal the start of potential sell-offs. However, for now, we're not considering this scenario. We have three key reference points: the primary target is another all-time high this week. Watch for price to dip below lows that hold liquidity, and then aim for the target at the all-time high. Follow the upward trend of large bank orders and look for a good entry if we see a pullback.

Trade safely and stick to your risk management.