XAUUSD - Gold price reversed and fell deeply
October 23rd:
XAUUSD awaits buying later in the day. due to the effects of war
The main trend for XAUUSD is still up. In the short term, gold may return to the 1950 support zone before finding its next direction. Currently, traders must wait for further short corrections in gold for the best buying opportunity.
✅Reference: (Priority sale)
🔵 Purchase in the 1945-1950 price range (1940)
🔴 Sale in price range 1990-1995 (Sales: 2000)
📣Gold soared last week, hitting a high of $1,997/oz. The price soon fell again, closing at $1,981 per ounce. In today's morning session, gold prices continued to fall, with the gap narrowing to almost 20.
📣Technical analysis:
- In a long-term price appreciation channel, gold may be looking for a support zone to continue rising to all-time highs. If gold prices fall again, traders can prioritize buying. We wish all traders a fruitful week of new trading. ❗️
Note: Information is for reference only and does not constitute a recommendation to buy or sell. “Act only if you have a clear model.”
XAUUSD awaits buying later in the day. due to the effects of war
The main trend for XAUUSD is still up. In the short term, gold may return to the 1950 support zone before finding its next direction. Currently, traders must wait for further short corrections in gold for the best buying opportunity.
✅Reference: (Priority sale)
🔵 Purchase in the 1945-1950 price range (1940)
🔴 Sale in price range 1990-1995 (Sales: 2000)
📣Gold soared last week, hitting a high of $1,997/oz. The price soon fell again, closing at $1,981 per ounce. In today's morning session, gold prices continued to fall, with the gap narrowing to almost 20.
📣Technical analysis:
- In a long-term price appreciation channel, gold may be looking for a support zone to continue rising to all-time highs. If gold prices fall again, traders can prioritize buying. We wish all traders a fruitful week of new trading. ❗️
Note: Information is for reference only and does not constitute a recommendation to buy or sell. “Act only if you have a clear model.”
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