Ultima Markets[Market Analysis] Gold prices are weak in the short term, can they rise in the long term...

todayUltimaMarkets Bringing you 2023 year 10 month 17daygoldIn depth analysis.

Fundamental points

·        Market sentiment：巴以冲突仍在进行，冲突或将长期持续。因此短期市场风险偏好恢复，黄金价格小幅下降。

·        美联储年内加息概率降低：美联储委员哈克继续放鸽，重申美联储不应考虑进一步加息，预计通胀将减弱。11月不加息概率超过90%，12月加息概率仅30%。

technical analysis

Weekly chart analysis

（黄金周线图，来源Ultima Markets MT4）

·        KLine structure：上周最终收出大阳线，配合前两周的K线组合成了黄昏之星——经典的看涨K线结构。长期趋势大概率将进一步开启反弹，但仍要等待本周突破上周高点才可确认。

·        Random oscillation index：快线已经上穿了慢线，暗示了多头力量当前占优，入场交易时机则需要耐心等待价格突破上周高点。

Daily chart analysis

(Gold daily chart, sourceUltima Markets MT4）

·        艾略特波浪：上周五以来的快速上涨暂时视为驱动浪1，内部的波浪结构明显没有完整。这意味着短期调整后行情将继续开展上行趋势。上方高点看向双锯齿的X浪终点处，这是关键的多空节点。

·        Joint resistance zone：除了双锯齿的X浪，前期的颈线延长线也将在价位附近，黄金想要彻底转换为反转多头趋势，需等待行情彻底突破这一阻力区间。届时短期的多头头寸或将在这一价位附近了结离场。

·        Random oscillation index：技术指标目前刚进入超买区域，行情多头动能仍然十分强劲，需要切换更小周期的图表，关注随时入场做多的机会。

Hub Line Indicators

（黄金1Hour chart, sourceUltima Markets MT4）

·        according toUltima Markets MT4InpivotIndicator, daily central price level1919.52，

·        1919.52Upward bullish, first goal1930.51Second objective1941.23

·        1919.52Under bearish, first target1908.93Second objective1897.81

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.Ultima MarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.