Gold Returns Inside the Range Again
Gold turned really bullish during summer this year, surging more than $270 pips higher, as the sentiment in financial markets turned quite negative due to the deteriorating global economy and the escalating trade war between US and China. But, the sentiment started improving in September and Gold reversed lower.
The decline hasn’t been too ferocious, like the surge in Summer, but Gold was making lower highs and lower lows in September, which shows that the pressure turned to the downside. In October though, we have seen Gold trade mostly sideways, which shows uncertainty in the markets.


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