#GoodnessIntl#...from Money Door Finance

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#XAU/USD# Market Update: The market is currently moving in a range between 2633 (support) and 2656 (resistance), indicating indecision among traders. Key Points: Breakout Above 2656: Could signal a bullish trend. Breakdown Below 2633: Could indicate a bearish trend. Our Perception: We are anticipating a downside breakout. If this happens, the price could quickly retest 2621 and 2605 in a short period. Suggested Approach: Wait for a clear breakout or breakdown before entering a trade. Confirm the move with a retest of the level. Avoid trading inside the range to minimize risk. Keep an eye on the volume to confirm the breakout or breakdown.

Money Door Finance

🌀 *XAU/USD Gold Market Outlook for October 28th, 2024*_ _📍 *Market Summary*_ ▪️ Gold price around $2,730, correcting lower _📊 *Technical Analysis*_ ▪️ Bearish head and shoulders pattern on short-term charts ▪️ Bullish bias remains intact in the near term _🔍 *Fundamental Analysis*_ ▪️ US Dollar dip-buying and less aggressive policy easing by Federal Reserve ▪️ Positive tone around equity markets undermining demand for safe-haven gold _🤔 *Market Sentiment*_ ▪️ US political uncertainty and geopolitical risks supporting gold price ▪️ Persistent decline in US Treasury bond yields _📅 *Upcoming Events*_ ▪️ Key US data releases _📊 *Support Levels*_ ▪️ $2,725 ▪️ $2,705 ▪️ $2,690 _📈 *Resistance Levels*_ ▪️ $2,744 ▪️ $2,758 ▪️ $2,765 _💡 *Additional Insights*_ ▪️ Gold market highly volatile, traders should stay informed _📊 *Conclusion*_ ▪️ Gold market bearish, potential for corrective decline _⚠️ *Disclaimer*_ ▪️ Content for educational purposes only, not investment advice. Trading carries risks. _📱 *WA*_ ▪️ +91 9500930700 for any queries.

Money Door Finance

🌀 *Market Outlook: XAUUSD (Gold)* We’re currently observing the XAUUSD (Gold) chart with a potential breakout below 2730, targeting a lower level at 2685. 📍 *Key Insights*: ▪️ Anticipated Breakout: Our analysis suggests a potential bearish move if the price breaks below 2730. ▪️ Sell-on-Rise Perception: Any price action below 2762 aligns with our "Sell on Rise" approach. ▪️ EMA Analysis: The blue line acts as a dynamic resistance, providing additional confirmation points. 📈 Stay tuned as we continue to monitor these levels closely to seize market opportunities. For 🔴 Live Market Signals and 📊 Trading Insights, 📩 WA DM to 9500930700

Money Door Finance