Daily Market Thoughts
30-Oct-2023
Golden Opportunity in Gold Long
Fundamental Punchline - The yellow metal remains the world's
number one safe asset. It is, therefore, a no brainer that in times of
uncertainty and global instability as we have now with the political
instability created by the Isreal-Palestine crisis, investors will continue
to scoop up gold as the conflict intensifies.
Technical Bias - Gold has been on a clear rally for the past three weeks and
currently shows no signs of easing up yet. It found resistance around the 2010
round figure, this likely a temporary pause. I will be looking towards
the 1987 - 1980 range for potential buy confirmation opportunities.
#OPINIONLEADER#
Edited 30 Oct 2023, 15:56
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