Gold Analysis and Trade Idea for 30-09-2022

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Plan A
Sell stop: 1658.00
SL: 1670
TP1: 1652
TP2: 1646
TP3: 1640

Plan B
Wait for candle chart to give indication of going up over 1660.
1660 is a defining point.

Long Gold: Wait for next call
SL: 0.00
TP1: 0.00
TP2: 0.00
TP3: 0.00

- Current price is 1660, weekly high pressure
- Mostly news are coming bad for gold
- Gold is bearish , according to the daily chart .
- Monthly candle is overall bearish and can slip further down.

- As Per 4H chart Gold can move further up
- Gold is above 200 SMA
- 1670 Strong resistance level


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.