Gold Weekly Trading Strategy
FROM 21.10.2024 to 25.10.2024
Trend: BULLISH
Gold is currently having a strong bullish movement but seeks for a minor pullback till 2705-02 level once it retests the level of 2726-34-40 levels.
Be cautious as now the resistance has no zones but support does on timeframe of 1h and 15 mins respectively.
The rise in Geo political tensions and China investing more in Safe heaven hs Made this impact on GOLD.
GOLD MIGHT ATTRACT BUYERS IN EARLY PHASE BUT WILL BE DOWN ANYTIME SOONER AFTER TRAPPING RETAILERS.
Insights:
Strategy : SELL ON RISE , FINAL TP 2710.
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