Market analysis after October 28
Due to concerns about U.S. debt defaults driving U.S. Treasuries yields higher, all currencies are affected and the market remains technically difficult to trade.
We will analyze the market from the 28th onwards next week.
USDJPY (Dollar/Yen)
Wait for the election results before forming a trading idea
EURUSD (Euro/Dollar)
Futures prices are around 1.0800, making it a difficult move
XAUUSD (GOLD)
There is a possibility of a pullback down to around $2710,
basically favoring a long (buy) approach, using the pivot point as the entry timing, buying on dips around $2750 and targeting $2780.
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