Gold consolidates after record peak

By X-blogger - on November 1, 2024

Gold retreated as prices consolidated after hitting a record high, while safe-haven demand ahead of the U.S. presidential election helped the precious metal log its fourth straight monthly gain.

After a 1.9% dip during the last session, the Gold-Dollar pair closed with a 1.3% drop. According to the Stochastic-RSI, we are in an oversold market.
Support: 2665.2 | Resistance: 2840.7

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