Gold technical analysis 18/10/2022

2022年10月18日

The world gold price yesterday reached the highest level of $ 1669 and ended the session at a price of $ 1650. It shows that the buying power of the market is still weak, when it met the resistance area of 1663, the buyers and sellers became strong again. Formation of the pair of Inside bar candles on the daily chart of the downtrend.
Therefore, we prioritize the option to wait for sale.
Conclusion: Sell 1663
TP1: 1643
TP2: 1633
TP3: 1615