XAUUSD will continue to rise amid concerns about the Middle East

2023年10月16日

💥 Technical analysis on October 16:
👉 XAU/USD
. Bar D1 last Friday's price increased sharply, causing fear of war in the Middle East to spread throughout the Middle East region. Gold prices increased sharply from 1780 to 1930. Last weekend the market did not create any syntactic GAP, the war information had nothing new to create the next mature Gold market. This week it is expected that the price may adjust downward to increase sharply to 196x. Still leading the BUY wing following the strategy of price recovery and BUY points
. Bar H4 appeared a bearish reversal signal. We wait for the H4 candle to close, wait for the price to recover slightly and then sell. The market will basically expect to take profits and adjust downward before increasing again to 196x
👉 ACE reference strategy:
SELL GOLD 192x SL 50 TP 50 100PIP
BUY GOLD LIMITED 1900- 1905 SL 50 TP 50 100PIP