Gold Daily Analysis 11.10.2022

Gold tested the levels of 1730 and failed to sustain above 1700. At 1730 gold formed double top in daily timeframe. This shows the present uncertainity and because of this gold is going back to test the support near 1618. Thus we will have a sideways movement for some time. Gold already made a double bottom near 1618. If gold is able to rebound again then this support will be valid for the coming days.

I suggest to see for short term trades only

Here are my ideas for week
SELL 1664 SL 1678 TP 1618
BUY 1618 SL 1608 TP 1718