Market Analysis of XAUUSD on Wednesday 25 October 2023

2023-10-25 19:59Fonte:BtcDana

XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW     

    XAUUSD short term pattern abc is near to complete or already completed and wave b was complex pattern so it can decline below 1954 level sharply without touch 1998 level.Intraday purpose we can sell it using stop loss for intraday target 1970,1967 and 1960 respectively.

 QUICK FUNDAMENTAL LOOK                                                                     

Gold is treading water in early trade with little fresh news to drive price action. Risk markets are trying to push higher, despite the ongoing crisis in the Middle East, as the US earnings season gets into full flow. 

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

Mais