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XAUUSD 31 Oct 2023

XAUUSD 31 Oct 2023 on the Daily timeframe. It can be seen that this commodity is quite far above the kumo after experiencing a long bullish run since last month. Having managed to occupy the 2009.44 price position, this gold is now at 1992.34 after experiencing a trend reversal in the previous session. If bearish is indicated to continue, then go-short is an option for traders. But if this commodity is able to reverse the trend and then rise again, then go-long can be an option. Keep an eye on market movements and learn many indicators before making trading decisions.

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