XAUUSD - Up 75% - $2,800
Based on the analysis, here’s a probability breakdown for the upward continuation of Gold (XAU/USD) toward the $2,800 - $2,820 target leading up to the U.S. election on November 5:
Probability of Reaching $2,800 - $2,820 by End of This Week or Early Next Week: 75 out of 100
This is due to strong recent momentum, supportive fundamentals, and robust buying pressure shown on the volume indicators.
Probability of Gold Continuing a Bullish Trend Until the U.S. Election: 85 out of 100
With the election approaching, geopolitical uncertainty and demand for safe-haven assets favor Gold’s upward trend, supported by strong technical foundations and continued buy-side volume.
These probabilities reflect current technical and fundamental signals, as well as historical tendencies for Gold in pre-election periods.
Probability of Reaching $2,800 - $2,820 by End of This Week or Early Next Week: 75 out of 100
This is due to strong recent momentum, supportive fundamentals, and robust buying pressure shown on the volume indicators.
Probability of Gold Continuing a Bullish Trend Until the U.S. Election: 85 out of 100
With the election approaching, geopolitical uncertainty and demand for safe-haven assets favor Gold’s upward trend, supported by strong technical foundations and continued buy-side volume.
These probabilities reflect current technical and fundamental signals, as well as historical tendencies for Gold in pre-election periods.
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