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It’s the mother of all markets, making all other types of trading possible. Every three years the Bank of International Settlements releases its survey of foreign exchange and OTC derivatives markets.
A world of Trading assets

Gold Has Hit Target & US30 & Nas100 Are Bullish

Authored by TD Markets
22.11.2023
0
3 min

NAS100.

NAS100 is set for 16670.00.

NAS100 is trading in a bullish trend and an ascending channel. Within the trend, the market is forming a bullish impulse wave after the corrective wave and has a higher probability chance of creating a higher high and continuing trading upwards. According to this price action, traders anticipate the market to reach the previous high of around 16670.00 and are currently looking for bullish continuation trading opportunities.

US30.

US30 is on the way to the top of the structure.

US30 is trading within an ascending structure and it recently broke above the inner descending structure. This price action caused the market to push to the upside and break previous resistance zones aggressively. According to this price action, US30 has a higher probability chance of pushing up to the top of the structure and as such, traders are bullish and are looking for bullish continuation trading opportunities.

XAUUSD (GOLD).

(UPDATE) - Gold has reached the first target at 2000.00.

Gold has pushed +1.8% to the upside since the previous commentary and has hit the first target around 2000.00. The lower timeframes still show bullish momentum as seen by the ascending market structure and the break above previous resistance zones. According to this price action, traders anticipate the market to break above 2000 and push up to 2022.00.

Final Thoughts On Today’s Analysis

In conclusion, the current market analysis suggests a bullish outlook for NAS100, US30, and Gold (XAUUSD). NAS100 is poised for a target at 16670.00, displaying a bullish trend within an ascending channel. The formation of a bullish impulse wave indicates a higher probability of reaching and potentially surpassing the previous high. Traders are actively seeking opportunities for bullish continuation.

Authored by TD Markets
22.11.2023
0
3 min
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