GOLD | OCTOBER FORECAST
The precious metal has a bad history of performing in Oct. For the last ten years; (2012 - 2021)
Bulls came out as the winner: 04
Bears came out as the winner: 06
This Oct'22 will remain bearish so sell on strength should be adopted.
As far as chart patterns are concerned, Gold has formed a double top near 2070 and just recently broke the all-important neckline support of 1680. The long-term target will come out to be 1300.
Trade your levels accordingly.
Bulls came out as the winner: 04
Bears came out as the winner: 06
This Oct'22 will remain bearish so sell on strength should be adopted.
As far as chart patterns are concerned, Gold has formed a double top near 2070 and just recently broke the all-important neckline support of 1680. The long-term target will come out to be 1300.
Trade your levels accordingly.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.