Gold Gold Daily Video, October 13, 2023

[Sive Morten]

Good morning,

Gold has shown significantly weaker reaction on recent CPI report, compares to financial markets. Still, as it is coming to 1895 resistance, we're still watching for it and possible downside bounce that could happen from there:

 

[Brett Reynolds]

Now Supermarket deals are available at $1910..

but i think i will wait to see what happens over weekend.?

 

[Sive Morten]

Now Supermarket deals are available at $1910..

but i think i will wait to see what happens over weekend.?

Yeah, gold absolutely goes crazy on geopolitical background. Any technical tools hardly applicable now, at least on daily and intraday charts.