$GOLD -Where to Next! (TP1 Hit / ~16.000 Pips) *Game-Plan
GOLD On the previous Quarterly Idea released as a macro/investor POV for
GOLD,a *3M(monthly) area was given as an entry point in terms of market structure.
We received a great entry on a Quarterly Level *3M.
Salute to everyone of you who took action upon it.
Sure did the members of bingX copy-trade community.
" Where 2 Next for
GOLD !? "-Fundamentally speaking,
safe-heaven assets the likes of Bonds
US10Y,
BTC and GOLD have sky-rocketed recently and they are on a very desirable highlight right now.So did Crude Oil
BRN1! due to 'WAR' break-out from Israeli Occupiers towards the People of Palestine.The on-going 'WAR' or better said,
Ethnic Cleansing,
must be observed on the following week(s) to come.
Upcoming week (the last week of October)
is packed with GDP Q3/2023 reports from various countries,
(US,EURO-ZONE,UNITED KINGDOM, GERMANY, ITALY)
- TA speaking,
a pull back in
GOLD in terms of price action to S/R resistance + Recent Demand area would be very beneficial for uptrend resumption,
in order for the
GOLD market to test buyers and sellers .This level should hold,
otherwise Changing Character at 1.910$
would suggest price to behave
on a more steeper fashion ,
headed on lower areas at 'alternative SL trail' *D Level or even down further South.
This scenario would invalidate the recent uptrend of 10%+ in 10 days on GOLD.
*** NOTE
This is not Financial Advice !
Please do your own research with your own diligence and
consult your own Financial Advisor
before partaking on any trading activity
with your hard earned money based solely on this Idea.
Ideas being released are published for my own trading speculation and
journaling needed to be clear on different asset classes price action.
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