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Gold Advances to $1800!

Started by PocketOption, Nov 15, 2022, 05:35 am

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PocketOption

Gold Advances to $1800!

Gold prices are set to rally toward the crucial resistance of $1,800.


October’s inflation figure is a negative factor for the dollar, as it discounts a less restrictive monetary policy by the Fed.


Meanwhile, a decline in the US dollar index has strengthened the gold's rally.


All eyes will be on the next Fed meeting as investors look for the next signals.


Timestamps

XAUUSD 01:35

DXY 03:00


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