Gold Gold Daily Video, October 25, 2023

[Sive Morten]

Good morning,

Gold shows no reaction on recent DXY rally, which obviously a bullish factor. Now we're watching for patterns on daily chart to get more clarity where might be best entry levels:

 

[Brett Reynolds]

Stopped out at Breakeven yesterday at $1971. I am looking to 'Re-enter' short position today. Stop above $1980 with downside targets $1950-$1930.

 

[Sive Morten]

Stopped out at Breakeven yesterday at $1971. I am looking to 'Re-enter' short position today. Stop above $1980 with downside targets $1950-$1930.

Yep, gold is very tricky now. Totally is driven by geopolitics. The new Biden statement yesterday drastically changes US position and makes direct impact on gold.