Gold Gold Daily Video, October 10, 2023

[Sive Morten]

Good morning,

Our daily B&B "Sell" setup is ready to start on Gold market. Its target is around 1830$. Still, since geopolitical situation suggests the opposite, we have to be very accurate with bearish position right now.

 

[Brett Reynolds]

I bought Gold last Friday after very clear Bullish divergence on 1hr & 4hr chart at $1830. I don't normally trade on Friday's but for me it was Clear that is was very oversold same on other Major $ cross pairs. With the situation in Middle East i expected Gap up' actually...and sold my position at $1850 for a nice profit at market open yesterday. There is a Gap to fill now back down towards $1830 area but i will NOT sell or buy right now. For me it would be better to wait until market reaches $1890 area to Sell or a Daily close below $1840 will be required..