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17OCT2022 Analysis Review

Updated: Nov 1, 2022

We will be moving to my website next month. And I hope to see you there.

On the other hand, gold prices have recently relied on the news of the war, and Putin gave up on levelling up the fight, making the price of gold break down to a lower level. Let's try to analyze it.

Chart H1:

If there is no more breaking news in the future, the price should keep a downtrend pattern, and it seems to be making the same pattern as the last one, which I will show on the D1 chart.

I want to sell when the price reaches the 1655-1660 area, and the target will be 1620 or lower.

Chart D1:

It seems to be following the same pattern as the last one. We will be observing whether it is going to

Make a double bottom at 1620 something area. Recently, I built a telegram channel for global breaking news, which might help our trading.

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