I already did an article on XAUUSD
15 mn bearish
chart, but will go up to a 1 week chart, to let you know my end of year opinion of GOLD
. Look in between BLUE arrows--> that is exactly what i think will be happening with gold
for rest of October and into November. After December, when FED thinks about raising interests rate, then gold
will go back into a BULLISH
direction. Three support levels are noted on this chart. Gold
will at least in my option go down to Support #1, which is 1200.00, if PA breaks lower then other support area's would be in play at that time. Wish all the best in life and trading, both enjoy and have fun. Have fun trading this week, will be interesting as always.