XAU/USD
GOLD ANALYSIS FOR THE MONTH OF OCTOBER.
We are looking at XAU/USD, (GOLD/US dollar) lately this pair has been depending a lot on the results of the US dollar news events to make any significant move. We can see sellers trying to take advantage of the strong dollar of the last two weeks when they are placing their orders at a much higher price. As result, we are seen a bearish market for the moment but buyers are getting ready to place their orders to fulfill their monthly goals; when they can see Gold at much lower price than usual around the 1725-30 area, where liquidity is sitting at the moment, this will execute a bluish market with a huge impulse taking back gold to the 1800 zone.
We are looking at XAU/USD, (GOLD/US dollar) lately this pair has been depending a lot on the results of the US dollar news events to make any significant move. We can see sellers trying to take advantage of the strong dollar of the last two weeks when they are placing their orders at a much higher price. As result, we are seen a bearish market for the moment but buyers are getting ready to place their orders to fulfill their monthly goals; when they can see Gold at much lower price than usual around the 1725-30 area, where liquidity is sitting at the moment, this will execute a bluish market with a huge impulse taking back gold to the 1800 zone.
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