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As of October 10, 2024, XAUUSD (Gold) is reflecting a combination of global market factors and macroeconomic events, creating a significant landscape for analysis. 1. Global markets and the US dollar: At the moment, markets are facing multiple pressures, including a strong USD. The US Federal Reserve has been pursuing a policy of raising interest rates to control...

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Today the price of gold has had slight fluctuations. After some small gains this morning, a slight downtrend has been seen. Traders are awaiting data from the US on inflation and the Fed's monetary policy, which could further weigh on gold prices. The main price support is standing at the level of 1820 USD per ounce, while the strongest resistance is near 1850 USD.

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Today, I’ve set a sell limit order on GOLD. This decision follows a technical analysis where I identified a key resistance level. I expect the gold price to rise to this level before reversing into a downtrend. My sell order will automatically activate once the price reaches this level, allowing me to capitalize on the potential drop. My strategy is based on...

gangstatime

Trade Opportunity: XAU/USD – Sell Entry Overview: We are initiating a sell entry on XAU/USD (Gold vs. US Dollar), based on our latest market analysis and trading signals. This opportunity is poised for traders looking to capitalize on potential downward movements in the gold market. Market Analysis: Recent technical indicators and price action suggest a...

gangstatime Updated 

Macroeconomic Factors: Interest rates, inflation, and monetary policies of governments and central banks can have a significant impact on the price of gold. In general, when interest rates are low or inflation is high, gold can increase in value. Market Trends: Analysis of historical trends and future forecasts for the price of gold can help determine the right...