Gold futures have experienced a slight withdrawal, but are still trading within a narrow range, hovering around the historical high of $2,708.70 per ounce set on September 26. Chris Weston, Research Director at Pepperstone, said that gold traders seem to be waiting for a clear direction before pushing the price out of the consolidation pattern since September. Weston stated in the report that the daily candlestick chart of gold since late September has increased the possibility of explosive changes in price in either direction, and this strong trend should form a trading tendency, making it very worthwhile to pursue the subsequent trend.
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Kurumlar: Altın tüccarları hala net bir yönlendirme bekliyor
Gold futures have experienced a slight withdrawal, but are still trading within a narrow range, hovering around the historical high of $2,708.70 per ounce set on September 26. Chris Weston, Research Director at Pepperstone, said that gold traders seem to be waiting for a clear direction before pushing the price out of the consolidation pattern since September. Weston stated in the report that the daily candlestick chart of gold since late September has increased the possibility of explosive changes in price in either direction, and this strong trend should form a trading tendency, making it very worthwhile to pursue the subsequent trend.