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Middle East sudden ceasefire news! The short-term gold price plummeted below $2780, as heavyweight US data is approaching, how to trade gold?
#Middle East Situation##Gold Technical Analysis# 24K99 News Thursday (October 31) early European session, spot gold suddenly experienced a sharp short-term drop, with the price just falling below the $2780/ounce level; during the Asian session, the price once touched a record high of $2790.11/ounce.
"US Treasury bonds fall, gold is full"! What miraculous medicine does the gold, which keeps hitting new highs, have?
①As the spot gold price rose further to the $2790 level on Wednesday, it is now approaching the $2800 integer level; ②According to analyst Lina Thomas from goldman sachs, the inverse correlation between gold and the 10-year real interest rate is already clearly broken.
Gold bulls ready! This scene is expected to stimulate gold prices soaring to $2,800, the latest gold trading analysis from a well-known institution.
On Thursday afternoon in the Asian market, spot gold was trading near $2785 per ounce; during the Asian market session, the price of gold once touched $2790 per ounce, hitting a record high. According to Economies.com, if the gold price breaks through the resistance level near $2790 per ounce, this will pave the way for gold to rise to the key level of $2800.00 per ounce.