Gold neutral

Gold tries to grow again

24 October 2022 318
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A month later, gold quotations again came close to annual lows slightly below 1620. Then, the strong growth momentum appeared and it formed the pattern "Morning Doji Star". If Friday's gains aren’t lost in the upcoming days, the rebound may continue to the levels of 1700 and 1730.

Signals for trend reversal will be received when the gold gains a foothold in 1730. If the strong dollar won’t hinder, you will see a full "double bottom" figure on the chart with a further perspective of growth to 1800.  

This content is for informational purposes only and is not intended to be investing advice.

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