Gold maintained a stable position for 2 consecutive days

Gold Analysis October 27: Gold maintains position
Fundamental analysis:
Gold continues to perform well and yesterday was no exception. From 1992 he saw prices decline until 1972 and then rise until 1988. The US GDP in the third quarter was a very impressive 4.9%, much higher than his 2.1% in the second quarter. This shows that the US economy is still very strong and there is no reason for the Fed to raise interest rates anytime soon.
The ECB left interest rates on hold yesterday, and the Fed is likely to do the same next week. Currently, 98.5% expect the Fed to keep interest rates unchanged. There are positive signs from the Israeli-Palestinian conflict as Iran's foreign minister has declared that he does not want to prolong the war and that Hamas is ready to release prisoners. PCE inflation data is also very noteworthy today. If inflation continues to rise, this will put downward pressure on gold. In general, the fundamental factors that support and pressure gold are in balance. Gold prices may remain high until next week's FOMC meeting. - Technical analysis:
Gold prices continued their upward trend yesterday, hitting higher highs and lower lows. When the price touches the 1972 support zone, a large candlestick shadow is formed. I will continue to purchase
Bought gold circa 1978, SL – 1973, TP1 – 1985, TP2 – circa 1992.