RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
Is dark chocolate healthier than milk chocolate? 2 dietitians explain 
Meta and Google just lost a landmark social media addiction case. A tech law expert explains the fallout 
Will a new border deal with the US open a backdoor into Kiwis’ personal data? 
U.S. Strikes on Iran Draw War Crimes Warnings from International Law Scholars 
Trump Tariffs Show Minimal Economic Impact but Boost Federal Revenue, Study Finds 
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain 
God on their side: how the US, Israel and Iran are all using religion to garner support 
Federal Reserve Balance Sheet Reduction: Brookings Research Outlines Possible Path Forward 
Trump's Iran War Speech Sparks Market Anxiety Over Extended Conflict 
The four types of dementia most people don’t know exist 
What does China’s host bid mean for the High Seas Treaty? 
Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war? 
Gold has technically broken a short term resistance line about little more than two weeks back which saw the yellow metal to appreciate from $1150 region break to as high as $1190 area.
However bears are still at large since gold is still trading within its large bearish channel as shown in the figure and latest buying is not surprising given the bounce back from channel floor. The bearish downward sloping channel has been in place since April, 2013.
Any meaningful trend is unlikely to appear over next two trading days as FED decision is looming on 28th October.
Friday's price action that saw sharp selloff in Gold from $1179 area to close around $1164/troy ounce, shows that beards are still at large, which might push Gold to test the interim rising trend line, that has been in place since July this year and pushed Gold to break 8 month long bearish resistance line.
Trade idea -
- It is better to speculate with small position ahead of FED.
- Bears might push Gold towards support line around $1125-1130 area if FED sounds relatively hawkish, which if holds might led gold towards $1200 once more.
Gold is currently trading at $1165/troy ounce.
