Gold Price Forecast: The Final Washout into an October Bottom - FXEmpire
Gold Price Forecast: The Final Washout into an October Bottom - FXEmpire
Source: FXEmpire
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DW NOTE
FXEmpire is forecasting a washout low for gold in October — the month in which gold has already fallen to $4,106, down 23% from January's all-time high, while the Strait of Hormuz sits closed for the seventh consecutive month and the Fed is pricing a coin-flip rate hike with 10-year yields at 5.21%. If that qualifies as washout conditions, the forecast is a description of the present.