Waiting for the next trend of gold
Updated
đź‘»From now until the end of the week, the gold market is quite quiet, as US macroeconomic data is rarely published, currently we need to wait for information from the Chairman of the US Federal Reserve (Fed), Jerome Powell on October 19 when he spoke at the Economic Club of New York.
đź‘»It is expected that in the near future, the long-term downward trend of gold will not end. Geopolitical uncertainties continue to be factors driving gold's rise. It is expected that by the end of this week, gold prices will trade between 1,885 and 1,950 USD/ounce.
đź‘»Those are also the two main resistance and support zones that gold is difficult to overcome today, maintaining its position this week.
đź‘»It is expected that in the near future, the long-term downward trend of gold will not end. Geopolitical uncertainties continue to be factors driving gold's rise. It is expected that by the end of this week, gold prices will trade between 1,885 and 1,950 USD/ounce.
đź‘»Those are also the two main resistance and support zones that gold is difficult to overcome today, maintaining its position this week.
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