October 14th Gold Analysis: High-Level Fluctuation, Waiting for the Storm
Key Point: The gold market will maintain a high-level fluctuation pattern this week, with bulls and bears fiercely battling in the 4100-4150 range. The core drivers of the market remain the escalating geopolitical crisis in the Middle East and the Federal Reserve's monetary policy expectations. This interplay between the two will determine the short-term direction of gold prices.
Current Market Review
The gold market has risen for three consecutive weeks, generally rising at the beginning of the week and falling on Thursday and Friday, with gains exceeding $100 each week.
This week, the market rose on Monday, then surged $100 before immediately falling, indicating that the market's rapid rise led to profit-taking by some investors. If the gold price fluctuates above 4100 today, there may be another wave of increases from Wednesday to Friday. The increase can refer to the increase of US$100 in the previous two weeks. Therefore, as long as gold prices do not fall below 4100 this week, it presents a good entry opportunity, with a target of 4175 and a stop-loss at 4070.
Trade cautiously and manage risk! Wish you a smooth trade!
Key Point: The gold market will maintain a high-level fluctuation pattern this week, with bulls and bears fiercely battling in the 4100-4150 range. The core drivers of the market remain the escalating geopolitical crisis in the Middle East and the Federal Reserve's monetary policy expectations. This interplay between the two will determine the short-term direction of gold prices.
Current Market Review
The gold market has risen for three consecutive weeks, generally rising at the beginning of the week and falling on Thursday and Friday, with gains exceeding $100 each week.
This week, the market rose on Monday, then surged $100 before immediately falling, indicating that the market's rapid rise led to profit-taking by some investors. If the gold price fluctuates above 4100 today, there may be another wave of increases from Wednesday to Friday. The increase can refer to the increase of US$100 in the previous two weeks. Therefore, as long as gold prices do not fall below 4100 this week, it presents a good entry opportunity, with a target of 4175 and a stop-loss at 4070.
Trade cautiously and manage risk! Wish you a smooth trade!
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Public Channel：t.me/+CW0VWaiEB59hMmJh
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.