XAUUSD 22/10/23
XU showing us the results of major fundamental events as tensions rise the price of gold is sure to follow, as one of the safest assets to own even in 2023 gold is worth its weight! (unlike the USD)
heading into this week iam looking for a low run into another new high from this very favourable asset.
longs are for sure but a small rebalance is in order so will be looking out for this to come at some stage.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
heading into this week iam looking for a low run into another new high from this very favourable asset.
longs are for sure but a small rebalance is in order so will be looking out for this to come at some stage.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
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