XAU ! 10/22 ! maintain the uptrend 2755

22 oct.

XAU / USD trend forecast October 22, 2024

Gold price (XAU/USD) gains momentum on Tuesday, approaching its all-time high as the European session nears. Ongoing uncertainty around the November 5 US presidential election, risks of a wider Middle East conflict, and expected rate cuts from central banks continue to support gold as a safe-haven asset.

A slight dip in the US Dollar also boosts demand for gold, but expectations of modest rate cuts by the Federal Reserve, which keep US Treasury yields elevated, could limit further USD weakness and act as a barrier for additional XAU/USD gains amid slightly overbought conditions.

H1 long term frame is still supporting the upcoming uptrend - breaking 2740 and hitting new ATH coming soon

/// BUY XAU : zone 2727-2724

SL: 2719

TP: 50 - 100 - 300 pips (2754)


/// SELL XAU : zone 2752-2755

SL: 2760

TP: 50 - 200 - 300 pips (2725)


Safe and profitable trading

22 oct.

Transaction en cours

Sideway gold price is around the 2730-2740 price range. Uptrend prevails

22 oct.

Ordre annulé

Sideway price range 2730-2740, great possibility of breaking the next ATH

22 oct.

Transaction en cours

Gold price returns to the old peak 2740 - Waiting for a new ATH in the US session today

22 oct.

Trade fermée: ordre d’arrêt atteint

Gold prices are showing a slowdown - buyers no longer have the strength to increase strongly.

22 oct.

Transaction en cours

New ATH heading to 2755 according to daily forecast - waiting for PLAN SELL 2755