Gold Gold Daily Video, October 26, 2023

[Sive Morten]

Good morning,

Gold shows low activity, but it grows despite upward action on DXY and the US yields, ignoring signs of easing in M.East conflict. This should worry if you consider bearish position taking. We suggest that if retracement starts at all - it should start around ~1996 area. Otherwise, gold keep going higher:

 

[Brett Reynolds]

I stopped out original positon at Breakeven $1971. I did not re-enter yet but still looking for possible short entry...but with all that is going on..it's very risky..