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XAUUSD 1D END OF WEEK TA

by Edvinas S, October 30, 2022

XAU/USD D1 Technical Analysis

by EdvinasS October 30, 2022

1
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XAU/USD

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Long

|

D1

Timeframe:

D1

Analysis Method:

Technical Analysis

Analysis:

Starting things off, as you can see in the image above we’ve seen gold test this same level of 1650 for the majority of the week. We originally anticipated a break through this level and a continuation of the bullish momentum we built up from 1620.

As the price has been consolidating on this same level our prediction stays the same. We believe that we could see a slight drop however overall to see price continue bullish.

Risk Management:

1-2%

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