2023-10-20 09:53:56
Overview of past movements
Spot gold prices during the day continued to rise to their highest level in 3 months as the war between Israel and Hamas is expected to be protracted and severe. After yesterday the Israeli Prime Minister said that the war between Israel and Hamas will not end any time soon.
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Economic numbers to follow
Will the Israeli-Hamas war get worse? No important US economic data was released tonight.
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Gold price analysis
In the short term, gold prices are expected to test the $1,982 resistance level. If it passes above, the next resistance level will be at $1,987, which was the highest point on July 20. Support levels are 1,960 and $1,950. Resistance levels are 1,982 and $1,987.
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