tradafx

XAUUSD commentary week 43 from October 25 to October 31

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
H4 time frame.
Structure: Gold is currently moving in an ascending channel .
After the price made a new high at 1812 there was an immediate move down towards 1782 to retest the recently broken resistance.
Here, waiting for a bullish reversal pattern to appear, you can look for buying opportunities.
The profit target is the 1820 zone.
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Wish you all have a good trading day!