GOLD ANALYSIS November 2: SIZE WAY IN PRICE MARGIN
Updated
💯GOLD PLAN UPDATE DAILY: October 27
👉 Gold prices fell in the second trading session after the US central bank announced its decision to keep interest rates unchanged as expected and Chairman Jerome Powell said the question of cutting interest rates is still open for now.
👉 The fact that the Fed may have ended its campaign of raising interest rates has helped gold prices, but developing higher interest rates for longer continues to put downward pressure on gold. These opposite effects make it difficult for gold to break out, but it does not temporarily fall deeper
👉 Currently, gold prices continue to be supported by incidents that occurred in the context of the Israel-Hamas war. However, the cautious buying of gold exchange-traded funds (ETFs) - a large quantity in the gold market - leaves gold prices lacking an important driver.
👉Plan your trading today:
🔽 Sell Gold Zone: 1990x - 1992x
SL 1995
TP 1976 -1970 - 1964
🔼 Buy gold Zone: 1971x – 1970x
SL 1966
TP 1975- 1983
👉 Gold prices fell in the second trading session after the US central bank announced its decision to keep interest rates unchanged as expected and Chairman Jerome Powell said the question of cutting interest rates is still open for now.
👉 The fact that the Fed may have ended its campaign of raising interest rates has helped gold prices, but developing higher interest rates for longer continues to put downward pressure on gold. These opposite effects make it difficult for gold to break out, but it does not temporarily fall deeper
👉 Currently, gold prices continue to be supported by incidents that occurred in the context of the Israel-Hamas war. However, the cautious buying of gold exchange-traded funds (ETFs) - a large quantity in the gold market - leaves gold prices lacking an important driver.
👉Plan your trading today:
🔽 Sell Gold Zone: 1990x - 1992x
SL 1995
TP 1976 -1970 - 1964
🔼 Buy gold Zone: 1971x – 1970x
SL 1966
TP 1975- 1983
Note
+30 pip from ENtry SellNote
+ 100 pip. Bravo my friends
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