Gold price analysis 12.Oct.2022
Oct 12, 2022
#Gold (#XAUUSD) prices are currently moving in a tight range as traders await US CPI report to spark the next move.
on the Daily chart Gold still looks weak
The bear case 🐻: I see gold going to 1600 and 1550 based on the weekly chart to tag the next support area.
The bull case 🐂: I see gold going back up to 1700 and 1800 range to hit the next resistance area.
