IDEA XAUUSD FOR THIS WEEK. 16/10/2023 - 20/10/2023
It can be seen that Gold has had a strong uptrend and surpassed the down channel.
We will watch the demand areas where Gold is trending back to find and test it.
Yesterday Gold created a trading border around 1905 - 1932, but we will wait to observe this in other demand zones, this trading border no longer has fresh liquidity.
I think Gold will tend to return to test the demand zone at 1880 - 1885.
If there is enough demand, it may pop up.
In short :
We will watch BUY gold around: 1880 - 1883 / Stoploss: 1872 / Take Profit: 1950 - 1960.
We will watch the demand areas where Gold is trending back to find and test it.
Yesterday Gold created a trading border around 1905 - 1932, but we will wait to observe this in other demand zones, this trading border no longer has fresh liquidity.
I think Gold will tend to return to test the demand zone at 1880 - 1885.
If there is enough demand, it may pop up.
In short :
We will watch BUY gold around: 1880 - 1883 / Stoploss: 1872 / Take Profit: 1950 - 1960.
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