XAUUSD | Market outlook

16 באוק׳

Gold Reserve Diversification: At the LBMA conference, central bank representatives shared that gold purchases are driven by financial and strategic goals.

US Election Impact:

• Uncertainty over the upcoming presidential elections, with Trump and Harris closely tied in polls, is prompting banks to hedge risks.
  
• Geopolitical Risks: Tensions in the Middle East are also boosting gold, with Israel expressing readiness to target Iran's military infrastructure.
  

Price Trends:

• Long-term trend: Upward, aiming to break the historical high of 2685.00. Potential targets: 2750.00 and 2810.00 if consolidation succeeds.
  

• Support and Correction: If the price drops to 2602.00, long positions toward 2685.00 are favourable. A breakout below 2602.00 could trigger a correction targeting 2546.00 and 2471.00.
  

Medium-term trend:

• Correction: Last week’s correction did not reach key support at 2575.61–2564.61. If a reversal occurs, the price could rise to 2685.61 and potentially 2712.70–2701.70.
  
• Correction Scenario: If another correction develops, the price may revisit 2575.61–2564.61, followed by growth toward 2625.00 and 2685.00.
  

18 באוק׳

עסקה סגורה: היעד הושג

Gold have reached our target, trade closed.