From TradingView · · 40s
Gold Trading Strategy for October 30
XAUUSD analysis shows gold rebounding above 4022 but facing resistance at 4030-4040.
In brief
XAUUSD analysis shows gold rebounding above 4022 but facing resistance at 4030-4040. Gold rebounded above 4022.32 after falling to 4000 but faces resistance at 4030-4040. Originally reported by TradingView.
1H/4H Gold Analysis
Gold rebounded above 4022.32 after falling to 4000 but faces resistance at 4030-4040.
4-Hour Trend Analysis
Price moved back above MA5 (4022.32) but remains below MA10 (4038.88) and MA20 (4033.74).
1-Hour Trend Analysis
Gold tested MA20 (4027.71) after falling to 4007 with short-term buying momentum recovering.
Trading Strategy
Sell on rallies above 4030-4040; buy on pullbacks below 4020-4010.
In short
Gold rebounded above 4022.32 after falling to 4000 but faces resistance at 4030-4040.
