Gold price today: strong price increase

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

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OANDA:XAUUSD Gold Spot / U.S. Dollar

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Dear beloved friends, Currently, gold is showing a strong recovery trend as its price surged approximately 38 USD in a single day. It is expected that the price of gold will continue to rise up to 1920 USD, reaching the upper limit of the price channel from its high level of 2050 USD. This area also coincides with the operation zone of the EMA 89 line.

What are your thoughts on the future price of gold?

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Gold price "BOOMING" at the end of the transaction

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The probability of a rate hike in December from the Fed spiked up to 38%, according to the CME Fedwatch tool, compared with about a 28% chance seen before the report. Currently, markets price a 30% chance of a final Fed rate hike in December.

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Important news affects gold prices to note next week:
Core retail sales & retail sales
First unemployment statement, Fed Powell president spoke

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