Gold's recovery is uncertain

Updated

Hello dear friends! Let's explore and share our opinions here. Gold has made a significant recovery above the $1857 mark. The precious metal continues its journey to conquer $1880.

Due to concerns arising from the Israel-Hamas conflict, investors have been prompted to buy more. Wednesday and Thursday will bring us market news.

As a result, the short-term surge in gold buyers has pushed the price of gold to $1900. Although this recovery is not yet certain, there may still be price drops in the future.

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good luck

Trade active

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Note the full TP SL

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and you what do you think?

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Investors are also focusing on watching the US Federal Reserve (Fed) release the minutes of its September 2023 meeting tomorrow (October 11).

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Gold Heads to Test Resistance, What Happens Then?

Trade closed: target reached

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Signals on the possibility of the US Federal Reserve (Fed) temporarily suspended interest rates also contribute to pushing gold prices up.

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Gold maintains downward momentum, long-term analysis

Trade active

Can exceed 1900

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Gold decreased slightly in the last session of the week

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Please note that the market has reversed right now

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Expect solidity on the smaller frame, stay tuned

Trade closed: target reached

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Rising oil prices, if sustained, could add to gold's safe-haven role as a hedge against persistent inflation.

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investors should keep an eye on the precious metal as it could be on the verge of a change in momentum as safe-haven demand is strong again.

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431 retail investors, equivalent to 72%, expected gold will increase in the near future. 106 others, equivalent to 18%, predicted that gold price would decrease, only the remaining 58, equivalent to 10%, said that the gold price would go sideways.

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Gold's short-term decline is expected to reach 1900 USD

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Gold - increased higher for a longer time

AlselvSignals

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