Gold Price Analysis For October 2021 | Gold Bearish Days To Continue? - News-Credit-Mortgage-Coin


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Thursday, September 30, 2021

Gold Price Analysis For October 2021 | Gold Bearish Days To Continue?

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Here is our next video about Gold price analysis October 2021. Gold price analysis today shows that the metal is hurt by a steady dollar and an uptick in bond yields. Gold price has even touched lows not seen since August 11th and before that on April 14th.

Gold price October could continue to be under pressure if Fed chair Powell in his speech this evening hints tapering of the central bank's monetary policy. The Gold price analysis October also shows that the Evergrande crisis might hinder the Chinese demand for the precious metal - a bearish signal for the Gold price forecast.

According to the Gold chart, the monthly time frame shows a double top formation might be in progress. Below $1707 - the neckline, the price could head towards levels close to $1550.

Watch the full video for our take on the Golden October 2021 and a deeper insight into: what to expect in the weeks ahead from our Gold price prediction. Drop us a line in the comments with your thoughts on Gold price analysis.

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