Gold Price Volatility Ahead of US Presidential Election
Based on the current gold price chart, it can be seen that the gold price is at $2,743/ounce, supported by the EMA 34 and EMA 89, creating a relatively strong support base in this price range. However, the EMAs also show signs of slowing down as the price does not have a clear breakout.
Investors are currently focusing on possible fluctuations ahead of the US presidential election and the Federal Reserve (Fed) meeting in early November. These factors are likely to create large fluctuations in the gold market, as elections often cause uncertainty and the Fed may make decisions related to monetary policy.
Investors are currently focusing on possible fluctuations ahead of the US presidential election and the Federal Reserve (Fed) meeting in early November. These factors are likely to create large fluctuations in the gold market, as elections often cause uncertainty and the Fed may make decisions related to monetary policy.
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