Can Gold hit 2800/2900 usd in November?

28 oct

🔸Hello guys, today let's review 6HOUR price chart for gold. Trading above key s/r zone 2500 usd, most likely downside is very limited as the bulls are still pushing for the new highs.

🔸Key s/r zones defined at 2600 usd / 2700 usd / 2800 usd / 2900 usd.
All dips so far get scooped up and therefore downside remains limited
as the bulls are targeting 2800/2900 usd. Into US elections most
likely we will test 2900 usd.

🔸Price re-accumulated near 2600/2700 usd before clearing resistance
at 2700 usd. right now trading at 2735 usd.

🔸Recommended strategy position traders: BULLS focus on scooping up
dips near 2700 USD, downside remains limited by 2500 USD.
TP1 bulls 2800 usd TP2 bulls 2900 usd. good luck traders!

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28 oct

Note

closing month near monthly highs - indicator of strength of the market

28 oct

Note

all shallow dips / pullbacks get scooped up by the bulls

28 oct

Note

overall, my target is 2800/2900 usd, it's also on conservative side

29 oct

Note

closing in on 2800 already

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