10.28 Wednesday Gold XAU Morning Analysis
The long position around 4000 suggested yesterday closed out perfectly. This morning, gold surged again to 4065!
Looking at the current market, after recently testing the lows, prices have gradually begun to recover. The lows are rising, and a clear upward move is taking shape. The MACD golden cross is moving higher and shows signs of extending, while the overall bullish trend structure remains intact!
Trading approach: Watch for a pullback to support. If support holds, a test of the previous high zone looks likely.
Suggestion:
Go long at 4020–4040, targeting around 4070–4090
#xau
The long position around 4000 suggested yesterday closed out perfectly. This morning, gold surged again to 4065!
Looking at the current market, after recently testing the lows, prices have gradually begun to recover. The lows are rising, and a clear upward move is taking shape. The MACD golden cross is moving higher and shows signs of extending, while the overall bullish trend structure remains intact!
Trading approach: Watch for a pullback to support. If support holds, a test of the previous high zone looks likely.
Suggestion:
Go long at 4020–4040, targeting around 4070–4090
#xau