📈 GOLD MARKET OUTLOOK - WEEK 44 (October 30th - November 3rd)
🪙 So, this week will continue to see significant fluctuations driven by news related to the war and important economic updates in the U.S., such as PMI, non-farm payroll reports, and more. The war is unlikely to end easily; it may persist for several more months, with increasingly complex developments. In Zenith's perspective, Gold will continue its upward trend until it breaks the previous high around the 2080 level. However, before that happens, there may be several strong correction waves and large sideways ranges of a few hundred pips.
📈 Gold Strategy for this week: Traders can consider a Sell position in the first area, which is around 2017-2019, similar to the previous week, with a potential target in the range of 197x - 195x. The second opportunity is to Sell in the range of 2055 - 2070 to capture the correction wave, should there be a strong uptrend due to the impact of the war. Additionally, there is a Buy opportunity in the range of 1945-1955, similar to the previous week, with a short-term target around 205x. Please set stop-loss orders from 5-10 pips and risk only 1-2% of your account!~
📊 Traders should exercise caution in their trading activities, as high volatility is expected due to the continuous and complex developments in the ongoing situation.
📈 Gold Strategy for this week: Traders can consider a Sell position in the first area, which is around 2017-2019, similar to the previous week, with a potential target in the range of 197x - 195x. The second opportunity is to Sell in the range of 2055 - 2070 to capture the correction wave, should there be a strong uptrend due to the impact of the war. Additionally, there is a Buy opportunity in the range of 1945-1955, similar to the previous week, with a short-term target around 205x. Please set stop-loss orders from 5-10 pips and risk only 1-2% of your account!~
📊 Traders should exercise caution in their trading activities, as high volatility is expected due to the continuous and complex developments in the ongoing situation.