GOLD (XAUUSD): Indecision After Bullish Opening🥇

٩ أكتوبر ٢٠٢٣

https://www.tradingview.com/x/9Q9tSbIJ/

As I predicted, the market opening was very bullish on GOLD.
Important decision is ahead now.

Everything depends on the tone of the continuation of the conflict.
Further escalation will inevitably push the prices higher,
while good news make the prices drop a bit.

Watch 1856 - 1864 resistance, its bullish breakout - 4H candle close above
will be your strong bullish confirmation. A bullish movement to 1875 level
will be expected then.

Alternatively, watch a horizontal range on an hourly time frame.
Bearish breakout of its support - an hourly candle close below 1846 will
trigger a correctional movement to 1835 level.

I will post the update once I spot a solid confirmation.

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