Gold Pauses After Hitting a Peak, Awaiting Further Rise
Gold prices remained stable after reaching a peak on October 21, as rising U.S. bond yields and a stronger USD offset the impact of political uncertainties surrounding the U.S. presidential election and the Middle East tensions.
After hitting 2,737 USD, gold seems to be... taking a break around the support level of 2,703 USD before continuing its 'cosmic journey' to new highs.
The EMA 34 and EMA 89 continue to act as long-term trend guardians, suggesting that the gold market still has plenty of momentum.
After hitting 2,737 USD, gold seems to be... taking a break around the support level of 2,703 USD before continuing its 'cosmic journey' to new highs.
The EMA 34 and EMA 89 continue to act as long-term trend guardians, suggesting that the gold market still has plenty of momentum.
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