Gold price is falling, is there a chance to reach 2000 USD?
Updated
Dear fellow comrades, the price of gold has experienced significant fluctuations today as the financial investment community increases its demand for the "greenback." This has propelled the USD Index to reach 106.27 points, leading to a strong increase in the value of the US dollar.
Meanwhile, crude oil prices have dropped to $83.25 per barrel. Moreover, the financial market has become optimistic as Israel postpones its ground attack on Gaza, hoping that Hamas will continue to release hostages.
Due to these reasons, gold has entered a period of decline. Most gold investors, like ourselves, are gradually learning to coexist with the conflicts in the Middle East.
Regarding the analysis of gold for this week:
A potential upward trend will be considered, which could provide momentum for gold to reach $2000. What are your thoughts on this matter?
Meanwhile, crude oil prices have dropped to $83.25 per barrel. Moreover, the financial market has become optimistic as Israel postpones its ground attack on Gaza, hoping that Hamas will continue to release hostages.
Due to these reasons, gold has entered a period of decline. Most gold investors, like ourselves, are gradually learning to coexist with the conflicts in the Middle East.
Regarding the analysis of gold for this week:
A potential upward trend will be considered, which could provide momentum for gold to reach $2000. What are your thoughts on this matter?
Trade active
Note
This week, the market is looking forward to the US third quarter GDP report released on Thursday (October 26) and the Personal Expenditure Price Index (PCE) released on Friday (October 27). These data could affect the Federal Reserve's interest rate outlook.Note
Trade closed: target reached
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