XAUUSD 27/10/24

Continuing from last week's analysis on gold, we are again anticipating higher prices as we enter this trading week. We don’t expect the trend to change unless there's a clear reason, such as breaking below key lows and staying bearish for an extended period, which could signal the start of potential sell-offs. However, for now, we're not considering this scenario. We have three key reference points: the primary target is another all-time high this week. Watch for price to dip below lows that hold liquidity, and then aim for the target at the all-time high. Follow the upward trend of large bank orders and look for a good entry if we see a pullback.

Trade safely and stick to your risk management.