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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