Gold Outlook - 30 October 2019
Hi Guys,
Looking at H4, Gold might test 1480 again before going up to 1508. A good BUY LIMIT PO will be at 1480 with TP at 1508.
A break below 1480 might lead to 1462. A good SELL STOP PO will be at 1477 with TP 1462.
Based on D1, Gold almost complete the Bullish pennant setup. It might test the lower line at 1448 then push up. However, it's also likely that tonight FOMC will push Gold up higher to break the upper trend line.
Looking at H4, Gold might test 1480 again before going up to 1508. A good BUY LIMIT PO will be at 1480 with TP at 1508.
A break below 1480 might lead to 1462. A good SELL STOP PO will be at 1477 with TP 1462.
Based on D1, Gold almost complete the Bullish pennant setup. It might test the lower line at 1448 then push up. However, it's also likely that tonight FOMC will push Gold up higher to break the upper trend line.
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