Where Did You Gold? - Gold Price May Slide For More Than $65

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Kuala Lumpur 10 a.m. (GMT +8) - In the early Asian Market, gold price continues to be under pressure, and now trading at $1,866 per ounce. On the latest gold price movement today, Economies.com wrote a brief analysis as follows:

Due to the increasing number of COVID-19 cases before the U.S. presidential election, the U.S. dollar is still the first choice for safe-haven, and the gold price drop to a one-month low on Thursday.

As mentioned in the same article, the gold price reached the desired price level at $1,860.90 on Thursday, and the price even attempted to go below that level, which implies that the price may fall further over the next few trading days.

Where Did You Gold? - Gold Price May Slide For More Than $65

Illustration photo of Gold Price H4 Chart from Econimies.com

According to the financial site, if the gold price falls below the level at $1,860.90, the target level will be $1,794.80 per ounce.

On the other hand, if the gold price remains above $1,860.90 per ounce, this is a positive sign for a bullish trend. In order to trigger a rebound, the first target is set at $1,901.80 per ounce.

Translated from the original article: https://www.24k99.com/2010/435...

30 Oct 2020, 11:34 を編集しました

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