XAUUSD❗What will happen next📈

22 oct 2021

XAU / USD quotes continue to move as part of the correction and the formation of the "Triangle" pattern. At the time of the publication of the forecast, the price of GOLD is 1793 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1745 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1880.

Have a nice trade!