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Gold set for back-to-back losses for the first time in three weeks

The near-term chart shows the change in prospects for gold as price now falls below the 100-hour moving average (red line). That indicates that the near-term bias is now more neutral as sellers wrestle back some control:The fall comes after gold tested the highs from June and July around the region of $1,983-87 on the daily chart. And with a lack of significant escalation in the Israel-Hamas conflict since the weekend, we are perhaps starting to see safety bets come off the boil even more this w... Read More

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Gold

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Forex

Posted: Oct 24 2023, 11:13

Author Name: forexlive

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