#XAUUSD: On the way to $2800! 600+ Pips Swing Buy

٢٦ أكتوبر ٢٠٢٤

**XAUUSD: 1-Hour Chart Analysis**

Hello Traders,

Gold experienced a surge, reaching 2605 before reversing its direction. Investors anticipated a decline below 2700$. However, the price rebounded to 2743$, filling the volume gap and subsequently dropping to 2715$, which marked the last low. Despite this, the price failed to establish another lower low. Subsequently, it fluctuated within the vicinity before exhibiting a shift in price character.

The upcoming chart analysis indicates an exceptionally bullish outlook. Price has the potential to create another higher high, supported by robust fundamentals and technical indicators signaling a strong bullish sentiment. Traders with open buy positions may consider holding them.

Best of luck and trade safely.

٢٩ أكتوبر ٢٠٢٤

تم فتح الصفقة

The market opened with a sell-side gap on Monday, which does not invalidate our entry. Therefore, the current price is 400+ pips in our favor. I recommend closing half of the positions.