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Gold Week Ahead Analysis 16th October - 20th October



Gold weekly chart 16/10

GOLD Weekly Chart Analysis

Weekly pushed strong bullish due to the Israel Palenstine war news last week and closed above previous resistance




GOLD Daily Chart Analysis


Gold daily chart 16/10


Daily time frame pushed bullish all week with minor pull backs


  • USD Empire State Manufacturing Index on Monday

  • USD Retail Sales on Tuesday

Any news this week that is bearish for Gold will only cause a minor pull back in the bullish trend. Anticipating Gold to continue bullish and break above the next weekly resistance @ 1962


Check out News This Week 16th October for scenarios


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