Gold Prices Break Uptrend Channel, Traders Eye Key Levels Ahead of 'Top3' Webinar
Gold prices have broken through an uptrend channel and are currently detaching from it, with the current price of gold standing at 4.032,21 $/oz. Market analysts are closely watching this development, as it could signal significant changes in the near future.
The recent price action has left traders uncertain about the next move. If gold corrects around 4.070 USD, it could retrace to 3.896 USD or even lower, finding support at 3.860, 3.790, and 3.745. However, a rise above 4.100 USD could push the gold price up to 4.160 USD or even 4.270 USD. The next price target for gold is 4.070 USD.
Market participants are eagerly awaiting the upcoming 'Top3' webinar on October 9 at 17:00 for more insights into gold's price trajectory. However, specific details about the speakers and access to the webinar remain unclear.
Gold prices are in a critical phase, with the potential for significant movements in either direction. Traders are closely monitoring key resistance levels at 4.030, 4.070, and 4.160, as well as support levels at 3.860, 3.790, and 3.745. The upcoming 'Top3' webinar is expected to provide valuable insights, but details regarding speakers and access remain elusive.
