Update Gold 13/10
Gold has now touched the daily line, so it will distribute above and below the +-5 to 10 line in price to break out and continue to increase or go down according to the daily line. Our job is to wait for news on the 17th and 19th of next week. It will be the deciding factor in Gold's direction.
The close of the monthly candle and the previous quarter's candle shows that the Gold price will be under pressure to sell off. However, the current tension between Israel and Hamas makes the Gold market unstable. It may go against the monthly and quarterly candlesticks increasing further. 114 price increased above the 2000 threshold
Gold has now touched the daily line, so it will distribute above and below the +-5 to 10 line in price to break out and continue to increase or go down according to the daily line. Our job is to wait for news on the 17th and 19th of next week. It will be the deciding factor in Gold's direction.
The close of the monthly candle and the previous quarter's candle shows that the Gold price will be under pressure to sell off. However, the current tension between Israel and Hamas makes the Gold market unstable. It may go against the monthly and quarterly candlesticks increasing further. 114 price increased above the 2000 threshold
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