Gold Analysis October 27
About the news corner:
Note the US Core PCE data
Gold declined to near 1970 yesterday after the United States announced a series of important economic data better than expected. But then gold rebounded when geopolitical tensions showed signs of escalating. Today, investors should pay attention to the US Core PCE data scheduled for release at 19:30 i – FED`s preferred inflation assessment data. Geopolitical tensions still support gold price increases. Although the US economic data released was good for the USD, gold prices only decreased in the short term. For now, buying gold the day after a downside correction remains a priority.
About the technical corner:
On chart H1, gold is in an upward price channel. If gold declines throughout the day and corrects to the support zone at the bottom of the ascending price channel around 1976-1979, you can consider buying gold again.
Trading recommendations for October 27th:
FANG #XAUUSD Sales 1997-2000
SL 2003
TP 1990
You can buy #XAUUSD from 1976 to 1978
SL 1971
TP 1985
About the news corner:
Note the US Core PCE data
Gold declined to near 1970 yesterday after the United States announced a series of important economic data better than expected. But then gold rebounded when geopolitical tensions showed signs of escalating. Today, investors should pay attention to the US Core PCE data scheduled for release at 19:30 i – FED`s preferred inflation assessment data. Geopolitical tensions still support gold price increases. Although the US economic data released was good for the USD, gold prices only decreased in the short term. For now, buying gold the day after a downside correction remains a priority.
About the technical corner:
On chart H1, gold is in an upward price channel. If gold declines throughout the day and corrects to the support zone at the bottom of the ascending price channel around 1976-1979, you can consider buying gold again.
Trading recommendations for October 27th:
FANG #XAUUSD Sales 1997-2000
SL 2003
TP 1990
You can buy #XAUUSD from 1976 to 1978
SL 1971
TP 1985
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.