XAUUSD Pullback Set-Up Demand at 2722 Targeting 2700
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The XAUUSD (gold) market has a strong initial demand zone at 2722-17, where a pullback is expected before facing resistance at 2747-53, which is forecast as a significant supply level. Our major aim is 2700, which corresponds to a robust daily demand zone.
Geopolitical developments are boosting gold's appeal as a safe-haven asset. Heightened tensions in the Middle East, as well as the ongoing conflict between Ukraine and Russia, have added to risk aversion, attracting investors to gold. Furthermore, the forthcoming presidential election in the United States on November 5 creates uncertainties about prospective fiscal policy moves. Historical trends demonstrate that election outcomes frequently cause volatility in gold as investors hedge against policy changes. These factors are strengthening demand at important levels, which aids our understanding of potential retracements and target zones.
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Geopolitical developments are boosting gold's appeal as a safe-haven asset. Heightened tensions in the Middle East, as well as the ongoing conflict between Ukraine and Russia, have added to risk aversion, attracting investors to gold. Furthermore, the forthcoming presidential election in the United States on November 5 creates uncertainties about prospective fiscal policy moves. Historical trends demonstrate that election outcomes frequently cause volatility in gold as investors hedge against policy changes. These factors are strengthening demand at important levels, which aids our understanding of potential retracements and target zones.
If you find this analysis helpful, please consider boosting this idea. Thanks!
Trade ist aktiv
trade active
Anmerkung
30 pips in profit
Anmerkung
As of now i am considering buy because first market will touch 2744 - 47 after that we can have a potential sell!
Anmerkung
60 pips done
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selling area hit and running 40+ pips
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if break buy rejction then sell
Anmerkung
touch my sniper line and running 160 pips
Trade geschlossen: Ziel wurde erreicht
ALL TARGETS DONE !!!
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