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Gold Daily Review October 2, 2019

Gold Daily Review for October 2, 2019

Gold Price Slumps but Looks Oversold as US Dollar Continues to Soar

Gold has shed around $70/oz. in the last week despite a mildly supportive, political backdrop. The US dollar however continues to strengthen forcing the precious lower.


Gold jumps above $1,480 after US data, USD tumbles

Gold jumped from $1,463/oz to $1,485 hitting a fresh daily high. The yellow metal bounced sharply following the release of US data that triggered


Gold Forecast October 2, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


Gold Prices Eye Fed Remarks After US Data Amplified Rate Cut Bets

Gold prices will be closely watching for commentary from several Fed officials after US ISM manufacturing data printed its lowest reading in a decade and boosted Fed rate cut bets.


Gold Price Correction Remains in Play as RSI Tracks Bearish Trend

Gold prices may face a larger correction over the coming days as a head-and-shoulders formation takes shape, with the RSI still tracking the bearish formation from June.


Gold Technical Analysis: Bulls committed at key support ahead of 61.8% Fibonacci target

Gold has completed a 50% mean reversion of the late June swing lows to recent highs around 1470 and slipped to close proximity of the 61.8% Fibonacci


Gold: Risks remain skewed to the upside – UBS

The repricing of Fed cut expectations that is causing gold to test support below $1500. Market’s Fed expectations have now been adjusted, allowing spa


Gold pulls back from 50-day EMA as risk-tone resettles

Following its pullback from early-August lows, Gold prices fail to remain strong as buyers await fresh signals of recent risk aversion.


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