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{quote} as you can see gold has periods which can destroy accounts, so it becomes prudent to trade only when there is a logical trend
My logic:
Gold being linked to the dollar, means that it has the opposite route to the US economy, but also to the USDX. From April 2024 to September 2024, the dollar was weak. But since September 10, the dollar has become strong due to economic data.
If the forecasts to be released on October 24th about the US economy are correct, then XAUUSD and EURUSD will fall sharply. I tend to believe that the forecasts are correct because the housing industry in the USA has started to evolve, which will also activate the manufacturing industry.
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