Gold Price Forecast: Nearing Long-term Trendline, Inverse Head and Shoulders Neckline
Gold prices are edging higher towards the end of the month, bolstered by a wave of US Dollar weakness.
Source: dailyfx.com
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Gold prices are edging higher towards the end of the month, bolstered by a wave of US Dollar weakness.
Gold prices haven’t made significant progress in recent weeks, with rising US Treasury yields and stronger US equity markets offsetting a weaker US Dollar.
Gold prices have traded around 1760 all of October, with any upside moves quickly reversed.
Energy markets have been on fire in September, and a push to fresh yearly highs may not be far away for crude oil prices.
Skepticism remains around the rebound in gold prices at the start of October.