XAU/USD (Gold) remains bullish, although some indicators point to potential volatility ahead. The price of gold is expected to see support at around $2,650, with resistance levels approaching $2,685. Analysts suggest that the general sentiment is positive due to factors like central bank buying and geopolitical uncertainties.
If this upward trend holds, gold could continue to rise through October, with potential to reach $2,700. However, volatility is expected, so short-term fluctuations should be anticipated
Are you considering trading or holding gold in the short term, or are you more interested in long-term prospects?
If this upward trend holds, gold could continue to rise through October, with potential to reach $2,700. However, volatility is expected, so short-term fluctuations should be anticipated
Are you considering trading or holding gold in the short term, or are you more interested in long-term prospects?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.