XAUUSD Analysis 24-October-2024

Despite the strengthening of the US 10-year interest rate and the dollar index, the Gold price also remains strong. Although there are occasional declines, we see that there is a rapid demand to buy.

Israel’s expectation of an attack on Iran keeps gold prices high.

Technically, as long as it remains above 2670, we expect the outlook to remain positive and declines to provide a buying opportunity.

If 2750 is exceeded above, purchases may strengthen.