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ForexTrendline
Nov 2, 2021 1:17 PM

The next move on GOLD 

GOLD / U.S. DOLLARICE

Description

Like we said in our EURUSD analysis earlier today, we have important news coming out tomorrow.
Usually before such high impact news, we don't see much of a movement and that's the case now.

Gold remains without confirmed direction, however with a higher probability for a retest of the lows at 1774.
The levels around 1800 are a suitable reversal moment.

Trading before the news tomorrow is considered high risk!
Comments
hindenburgomen
Thanks for the update.
ForexTrendline
@hindenburgomen, of course, you're welcome!
Astro_fxd
Nice work
ForexTrendline
@Astro_fxd, thank you!
ckexec
Thanks for the sharing. Been scalping for quite some time now. 😬Agree that can't tell much for now. Scalping buy/sell very short term.
ForexTrendline
@ckexec, how has is been going, have you made some nice results?
ckexec
Not bad $30 plus with mini lot. 😬. There is 1 or 2 stop out due to tightness. All in all profit. Let's see what holds today.
Helical_Trades
Great job buddy !
ForexTrendline
@Helical_Trades, thanks a lot!
UnitedSignals
Thank you!
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