XAUUSD: Future ups and downs depend on today's closing price

28 Okt

The conflict in the Middle East broke out again over the weekend. Israel attacked Iran's military facilities, which led to a surge in risk aversion over the weekend. However, a different voice appeared in the market. Israel's retaliation against Iran was more like an explanation to the people. Since the attack did not pose a major threat, the market believed that Iran would not respond to it.

This also explains why gold opened more than ten dollars lower today, and crude oil opened significantly lower than more than 3 dollars.

Let's get back to the point. My opinion on today's gold is that it needs to be observed. Today's closing situation is very important for the future trend of gold. If the gold price can close above 2735-2740 tonight, then the gold price will start to rise.
On the contrary, if it closes below 2735-2740, there may be adjustments.
For the day, I am more optimistic about buying at low levels and bullish

28 Okt

Trade aktif

The low call strategy is very correct. We bought during the decline and just took profit at 2742. If you followed this trading strategy, you also made a good profit. Congratulations.

28 Okt

Trade aktif

The price of gold is now running in a range, and you can consider short-selling above the range.