📊 Latest and useful analysis summary (Gold) – October 5
After the recent strong increases, gold continues to move in a narrow range between $2,470 – $2,510 with a slight upward bias.
🟢 Strong support: $2,465
🔴 Main resistance: $2,520
📈 General trend: Upward in the medium term as long as the price is above $2,450
Expectation: Continuation of the positive momentum with a possibility of testing the level of $2,530 – $2,550 soon if gold maintains its current support, especially with the weakness of the dollar and the increase in demand for safe assets. 💰
