Hello dear friends! A new week has opened up with plenty of opportunities for us. Let's explore together with Karina <3
On the global front:
- Political tensions in the Middle East remain unresolved and continue to escalate.
- The Federal Reserve's decision to maintain a accommodative interest rate regime has helped support gold prices and alleviate market sentiment pressures.
Result:
Gold has become a fresh breeze for investors as it gains attractiveness amidst prolonged political tensions and conflicts.
On the technical side:
- Gold has broken its trendline and experienced a breakthrough, reaching a high of $1996, but it hasn't reached the $2000 mark yet. Currently, gold is slightly retracing to $1967 to retest the breakout area and test the EMA 34 and 89, aiming to establish new highs. The uptrend is still intact and prioritized.
Expectations and forecasts for gold prices this week:
This week, we will receive a lot of news from October 25th to 27th, with the most important being the speech by the Fed Chairman scheduled for October 25th, which is expected to have a significant impact on gold. If conflicts in the Middle East escalate, precious metals prices may surpass the $2000/ounce mark.
Good luck. Karina will constantly update when new information. Click like and follow to receive the latest information!
On the global front:
- Political tensions in the Middle East remain unresolved and continue to escalate.
- The Federal Reserve's decision to maintain a accommodative interest rate regime has helped support gold prices and alleviate market sentiment pressures.
Result:
Gold has become a fresh breeze for investors as it gains attractiveness amidst prolonged political tensions and conflicts.
On the technical side:
- Gold has broken its trendline and experienced a breakthrough, reaching a high of $1996, but it hasn't reached the $2000 mark yet. Currently, gold is slightly retracing to $1967 to retest the breakout area and test the EMA 34 and 89, aiming to establish new highs. The uptrend is still intact and prioritized.
Expectations and forecasts for gold prices this week:
This week, we will receive a lot of news from October 25th to 27th, with the most important being the speech by the Fed Chairman scheduled for October 25th, which is expected to have a significant impact on gold. If conflicts in the Middle East escalate, precious metals prices may surpass the $2000/ounce mark.
Good luck. Karina will constantly update when new information. Click like and follow to receive the latest information!
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