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Source, summary and reference
The analysis covers Gold (XAUUSD), Silver (XAGUSD), and Crude Oil (USOIL) weekly charts. Gold's price closed at 4112.53, after reaching a high of approximately 4380 earlier in the week. The Monday opening was around 4250, representing a significant drop. Monday closing is 150 dollar drop, peak is around 200 dollar drop. The last weekly candle is red. There has been 9 weeks of rising prices. The analyst points out historically, 9 consecutive weeks of price increase occurs only 3 times since 1978. Then typically after 9 weeks in a row it declines and then continues in the trend. Gold support at 3980 and resistance at 4390. Analyst is expecting that rate cuts is going to be positive for gold. For silver, the peak is 15% from the open. The support is 45.8 and resistance is 52.5. USOIL trend is flat, resistance 65 and support at 56.
Weekly GOLD Analysis From 27 October to 31 October | SILVER Forecast this Week | CRUDEOIL Report Trump continuously threatening more tariff on china and now he has expelled all talks with Canada. US inflation cooled better than expected which kept gold prices little up and saved it from further correction Contact helpline on whatsapp by clicking link below https://wa.me/message/PGRKCLSKWNMBP1 OR Whatsapp +91-7088230622 (Text Only) for Market commentary and paid signal details Official Whatsapp channel for data and news update https://whatsapp.com/channel/0029VadcM3n7NoZuUqpsXU05 Telegram Official channel for live market updates https://t.me/mohammadarafatofficial X https://x.com/itsarafat Instagram https://www.instagram.com/itsarafatlive #xauusdanalysis #forexsignalsprovider #forexgoldanalysis #forexgoldupdate #goldforecast #goldprediction #cryptotrading these videos are for educational purpose only . No trading action should be taken basis on my videos
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