Gold - fell to 2625 in the short term, then rose above 2750
Updated
Gold - may fall to 2625 in the short term and then rise above 2750
During the evening hours on October First The Israeli Broadcasting Authority (IBA) reported that Israel's security cabinet has decided to issue a strong response to the recent Iranian attack. On Tuesday night, Iran launched over 200 ballistic missiles and drone strikes on Israel.
This was one of the most difficult moments in my opinion in the Middle -East.
Despite expectations, the market didn't react as strongly to the recent news related to the war. The price of GOLD increased to a maximum of 2673. If the situation does not escalate further, it appears that gold has reached its peak.
Additionally, the fact remains that the price of GOLD is still subject to manipulation. Given the lack of strong bullish volume, we may see GOLD move down to 2625 before it potentially rises again.
The price can also rise from the current minor support area, although it is not the best place for the price to resume the upward movement.
A move above the red zone is likely only due to significant price manipulation or if the conflict escalates further.
During the evening hours on October First The Israeli Broadcasting Authority (IBA) reported that Israel's security cabinet has decided to issue a strong response to the recent Iranian attack. On Tuesday night, Iran launched over 200 ballistic missiles and drone strikes on Israel.
This was one of the most difficult moments in my opinion in the Middle -East.
Despite expectations, the market didn't react as strongly to the recent news related to the war. The price of GOLD increased to a maximum of 2673. If the situation does not escalate further, it appears that gold has reached its peak.
Additionally, the fact remains that the price of GOLD is still subject to manipulation. Given the lack of strong bullish volume, we may see GOLD move down to 2625 before it potentially rises again.
The price can also rise from the current minor support area, although it is not the best place for the price to resume the upward movement.
A move above the red zone is likely only due to significant price manipulation or if the conflict escalates further.
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GOLD PRICES RISE ON SAFE HAVEN DEMAND
Gold prices rose on Friday, October 4, supported by safe haven demand amid Middle East tensions, while investors await the US jobs report, which could provide clues about the path the US Federal Reserve will take regarding interest rates.
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It took us a month to bring this account from 5K to930K, basically guaranteeing a 99% win rate on trades. If you want to attend for free, you can contact me. We could try working together for a week. I guarantee that within a week you will experience the fun of making money. If you are satisfied with my work and want to continue the cooperation, then we can discuss the issue of paying commission. If you are not satisfied with my work, you don't have to pay me any commission! I hope we can have a chance to cooperate!
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