Gold prices are poised to mark the third consecutive weekly advance with the dear steel rallying 0.45% to commerce at 1510 forward of the New York shut on Friday. The features preserve worth throughout the confines of a vital vary in gold just under main confluence resistance heading into the November open. These are the up to date targets and invalidation ranges that matter on the XAU/USD charts subsequent week. Review my latestWeekly Strategy Webinar for an in-depth breakdown of this setup and extra.
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Gold Worth Chart – XAU/USD Weekly
Notes:In my final Gold Weekly Price Outlook we famous that, “Gold costs are coiling simply above longer-term slope assist – taking a extra impartial stance right here whereas noting the danger for a deeper pullback whereas beneath 1522/26.” Regardless of the added volatility fueled this week’s FOMC rate of interest…