Gold has once again tested support without breaking it, indicating short-term upward momentum. During the Asian and European sessions tomorrow, consider focusing on low buys, with resistance continuing to be monitored around the 2750-2758 area.
The upcoming election news during the US session is likely to have a significant impact on the market, so while seizing opportunities, be mindful of potential risks.
XAUUSDDXY Idea:Gold Trading Insights Ahead of… Although gold didn’t fluctuate much today, our returns were quite impressive! These small range movements create excellent opportunities for agile buying and selling. As I mentioned yesterday, the New York market did indeed decline today, and the buy signal I provided at the open hit the TP of 2745 perfectly. I then began selling, ultimately closing the trade at 2733 with great results.
Tomorrow is the election, and I believe the results will boost the dollar, which could lead to a drop in gold prices. I plan to continue selling during tomorrow's New York session. What do you think?
DXY It's imperative to undestand that no government can make an interest rate decision right before or after an election (this is stipulated law), so we have to expect no more interest rate cut decision for year 2024.....
XAUUSDGOLDDXYBTCUSDT Idea:XAUUSD: Can Gold Return to 278… At the opening today, gold tested the support area several times and is currently rising, approaching the resistance near 2750. It needs to be paid close attention to.