Gold Technical Analysis: When to Buy? – 29 October 2020

[CAD:EN – 2 – Is now YOUR time to trade gold – Trade Gold Now]The demand for the US currency as a safe haven increased after the drop in stock prices amid growing concerns about growth due to the rapid rise in new coronavirus cases around the world. Accordingly, the gold price plummeted to $1870 an ounce and at the beginning of the session was stable around $1911 an ounce, before stabilizing around the $1882 at the time of writing the analysis.Generally speaking, uncertainty about the upcoming US presidential election, and the stalled stimulus talks, is hurting riskier assets as well as the go…

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