Analyzing the #GOLD Trading Outlook for 7th October: What to Expect?

If #gold manages to maintain its support level at 2640, there is a possibility of a bullish trend resuming in the early hours of Monday, 7th October.

The significance of this support level lies in its potential to signal a shift in market sentiment, potentially attracting more buyers to the market.

The convergence of high liquidity in the BUY zone with the trend line further reinforces the strength of this support level. Should this level hold, traders and investors could look towards a target of 2681 as the next point of interest.

This target represents a potential upside for those looking to capitalize on a bullish momentum in the market. Monitoring the price action around these levels can provide valuable insights into the future direction of gold prices and help traders make informed decisions based on market dynamics.

I shall keep VIP Members' informed.

Chris