PLAN GOLD 19/10: CONTINUE UP TREND
💯UPDATE GOLD PLAN DAILY:
👉 Gold prices rose to their highest in more than two months on Wednesday, up more than 5% in October as escalating conflict in the Middle East sent investors rushing to buy the safe-haven metal. .
👉 On Tuesday, about 500 Palestinians were killed in an explosion at a hospital in Gaza City. Make gold gallop by 400 pips.
👉 February 24, 2022 Russia - Uka fight, gold runs for 2 weeks from 1878 - 2070 = 2000 pips, 7 days later gold returns 1750 pips.
👉Now the 8-day Middle East war has increased by 1500 pips. Will history repeat itself for AE to bet on a good Sell?
👉 Currently, the market's attention is focused on the speech of US Federal Reserve Chairman Jerome Powell on Thursday, which may provide some clarity on the roadmap Fed interest rates follow recent dovish comments from some US policymakers.
👉 Gold has diverged on the daily frame and has overbought signals, but the war is escalating so the price line is no longer accurate with Technical analysis. I will prioritize the Buy bet until there is a clear reversal signal.
📌Today's trading plan:
🔼Buy gold zone: 1939x-1937x
Sl 1934
TP 1953 -1965 -1976
🔽Sell Gold Zone: 1975 - 1979
SL 1980
TP 1963 - 1946
👉 Gold prices rose to their highest in more than two months on Wednesday, up more than 5% in October as escalating conflict in the Middle East sent investors rushing to buy the safe-haven metal. .
👉 On Tuesday, about 500 Palestinians were killed in an explosion at a hospital in Gaza City. Make gold gallop by 400 pips.
👉 February 24, 2022 Russia - Uka fight, gold runs for 2 weeks from 1878 - 2070 = 2000 pips, 7 days later gold returns 1750 pips.
👉Now the 8-day Middle East war has increased by 1500 pips. Will history repeat itself for AE to bet on a good Sell?
👉 Currently, the market's attention is focused on the speech of US Federal Reserve Chairman Jerome Powell on Thursday, which may provide some clarity on the roadmap Fed interest rates follow recent dovish comments from some US policymakers.
👉 Gold has diverged on the daily frame and has overbought signals, but the war is escalating so the price line is no longer accurate with Technical analysis. I will prioritize the Buy bet until there is a clear reversal signal.
📌Today's trading plan:
🔼Buy gold zone: 1939x-1937x
Sl 1934
TP 1953 -1965 -1976
🔽Sell Gold Zone: 1975 - 1979
SL 1980
TP 1963 - 1946
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