TradingView
GOLDPIPSMAKER
Oct 31, 2022 8:04 PM

Gold to test $1620 demand zone Short

Gold / U.S. DollarFOREX.com

Description

Gold has continued to slide on Monday as US dollar advanced, currently trading at $1634. XAUUSD is heading for its longest streak of monthly losses on record with investors now in anticipation of continued rate hikes from central banks that will cause a strong US dollar. Gold may target the yearly low below $1620 ahead of Fed meeting.
The sellers remain in charge, though they will face solid support at around $1617, ahead of the yearly low at $1615. If commodity buyers would like to shift gold bias to neutral, they need to reclaim 1680.
Please support our work with like and comment, thank you.
Comments
JoeChampion
Good one mate, keep them coming!
GOLDPIPSMAKER
@JoeChampion, thank you we appreciate it!
ProjectSyndicate
find out shortly seems reasonable to me
GOLDPIPSMAKER
@ProjectSyndicate,thank you we appreciate it!
More