Detailed analysis of Gold, XAUUSD and Gold on October 18th
📍Current price: 1929 🎯Expected discount: 1908-1888
✅Reference: (Priority sale)
🔴 Sales in the 1950-1953 price range (sold in 1958)
📣Spot gold fell below the $1,920 mark during trading, restrained by the rise in the US dollar, but continued to rise after that, but was still partially affected by the fact that the Palestinian-Israeli conflict is not over yet. There was a target. Gold rose 0.16% to end at $1,923 per ounce.
📣Technical analysis:
- At the start of today's session, gold broke through the 1933 resistance zone and reached its 1938 high. As it gradually approaches the 1953 resistance zone, traders can safely wait to sell in this price range.
We hope all traders have a very productive trading day.