Daily Gold, Pre-Market Thoughts (10/12):
(Daily Gold is only my personal analysis and forecast of the market, not a basis for copying trades. Trading involves risk, so please prioritize risk management!)
Gold is showing relatively strong short-term momentum, and a break above the previous resistance around 4220 is highly likely.
The key level to watch is resistance around 4240.
If 4240 continues to hold firm, gold may well surge back above 4300;
if it pulls back noticeably from 4240, expect further retests and consolidation.
#XAUUSD $XAU
(Daily Gold is only my personal analysis and forecast of the market, not a basis for copying trades. Trading involves risk, so please prioritize risk management!)
Gold is showing relatively strong short-term momentum, and a break above the previous resistance around 4220 is highly likely.
The key level to watch is resistance around 4240.
If 4240 continues to hold firm, gold may well surge back above 4300;
if it pulls back noticeably from 4240, expect further retests and consolidation.
#XAUUSD $XAU