TradePlus-Fx|GOLD: potential recovery – Analytics & Forecasts – 2 October 2023

💬Description: At the very beginning of the week, the story of last Friday is repeated, and metals are lying around even before the American session. Buyers really have little to count on, we talked about this in our last trading idea for Gold.

At the same time, the price is approaching the next support, and this time the chances of an upward correction are much higher, since the approach itself is even more aggressive and the support itself at the level of 1809.010 is quite key in the medium term. The area of potential growth is highlighted on the chart; in this range, the formation of a long entry point is expected. As for today, recovery or a slowdown of the fall should only be counted on in the second half of the day.

🔔FX CALENDAR TODAY:
🇺🇸ISM Manufacturing PMI
🇺🇸Fed Chair Powell Speaks

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