Daily Market Analysis 11.10.2022: GOLD
Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1666.80 with take profit at 1667.63 Bearish Preference: Sell position is envisaged if price trades below 1663.51 with take profit at 1662.71 Fundamentals:No major fundamental Comment: The price of gold trades back below the 50-Day SMA ($1718) after failing to test the September high ($1735), and bullion may …
