Gold prices hit a new high in Asian trading on Wednesday as uncertainty over the US election and ongoing conflict in the Middle East boosted demand for safe-haven assets. In addition, the slight decline in U.S. Treasury yields and the weakness of the U.S. dollar further supported the precious metal, outweighing optimistic market sentiment, which typically limits gold's appeal.
Judging from the market ahead of the U.S. presidential election on November 5, the upward trend continues. The target price range is 2787-2800
Sell 1: 2787-2789
SL: 2792
TP1: 2785
TP2: 2780
TP3: 2770
Sell 2: 2801-2803
SL: 2808
TP1: 2795
TP2: 2780
TP3: 2760
Buy: 2755-2757
SL: 2750
TP1: 2762
TP2: 2770
TP3: 2780